How can I make Profits from Property? Stella Kaye is a full time professional landlord and property developer with sixteen years’ experience. I’ve often wondered why bingo players call out “house!” when they realise they’ve won. My own explanation, as a property investor, is that there could be no better prize than a house. A house is always a valuable asset and a shrewd investment whether the housing market is on a high or has hit rock bottom. But the recent pessimism on both sides of the Atlantic has made prospective buyers a little too wary as most are waiting for real estate prices to plummet even further. According to the press – that always sensationalise doom and gloom because bad news sells more papers, there will be further drastic drops in property values looming on the horizon. Most real estate agents, however, share a more optimistic view. As with all things financial, property prices are cyclical and prior to 2007 had been proven to double in value every seven years even taking into account any dramatic fluctuations during that period.
Earn More Profits From Property
But then along came the credit crunch and everything changed, property prices losing a large percentage of their value. There’s never been a better time to buy anywhere in the world, and there are many hot spots not to be missed. Apparently, Detroit is a landlords’ paradise and if lived there I’d most likely take the opportunity to buy several houses. Take a look at sites like The Move Channel There are decent family-sized houses for sale priced at just over 8,000 GB pounds – so, in theory, you can even buy a house in Detroit on your credit card. Whether you’re an investor or you just need a place to call your own don’t miss this window of opportunity to start a business in property rentals or become a first-time buyer. Money left sitting in the bank is earning zilch interest and is being constantly devalued; stocks and shares never meet up to initial expectations and insurance plans and pension schemes hardly ever reach their projected target. I have just had an insurance plan mature after twenty-five years.
The only other options are to put your hard-earned money under the mattress, invest in stocks and shares, share it with friends and family or spend it. As with everything, you should draw up a plan of action and consider all the possibilities in order to make an informed decision. A house purchase is probably going to be the biggest financial commitment you’ll ever make so it’s little wonder first-time purchasers are wary of taking their first step on the ladder in today’s climate of spiralling prices. There will never be a better time to buy. Nowadays, the prospective buyer has far more choice and information at their disposal when it comes to real estate investment and related finance and if property prices really have hit rock bottom then the only way is up! Real EstateWhere is the Best Place to Live Off-Grid?