How To Buy Property
- When preparing to buy real estate, always do the research first. There is nothing more dangerous than going blindly into a business deal.
- You should not buy capitalizations between 3.95% and 5+%, unless:
o The rents are below market.
o The lease is less than 1 year.
o Rents are raised to match the capitalization rate that exceeds the ten-year treasury yield.
o And the property doesn’t have negative cash flow.
- An easy way to earn money on the side by becoming a landlord after purchasing a property (such as a duplex) and renting it out to several families.
- An ‘off plan’ is when the developer seeks out the building permissions, and sets up a billboards to attract interest. Sources cite 80% of land is sold this way, before construction is finished …
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