GETTING RICH FROM PROPERTY INVESTMENT
It's safe, low risk, guaranteed rent, big returns. You go along just to find out more, it looks good, it feels good, you get excited and you don't want to miss out. Some food for thought before you sign on the dotted line and hand over your hard earned savings.
Investing in property can be a great way to grow your wealth. But before you commit to any investment make your own risk analysis based on independent data from providers who do not stand to benefit from the transaction. Your investment analysis should include:
- a market analysis (demographics, growth, economic factors, industry factors etc)
- a financial analysis (cash flow, sensitivity to changes in interest rates, inflation, market growth, taxation)
- a risk analysis (income security, your health, tenancy, valuation)