Asians generally like to own physical properties and many end up being property investors. Here are 10 property investing tips from property gurus to succeed in property investments.
1. Know Your Target and End Goal
Are you buying your property to flip or to rent out for income? Knowing your goal is very important as it determines the type of properties you would be buying. Most flippers will buy from developers to earn the difference between developer price and completed price. For rental properties, subsale properties with existing tenants are a much better bet.
2. Shop Around For The Best Loan Rates
These days the banks are extremely competitive for business so don’t be afraid to ask all of the banks what they think and the best rates they are willing to offer. While the difference in interest rates may not seem much, the values add up to become significant ...
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