Posts Tagged ‘rental income
Free Property Inspection Form Download
When I go on a property spending spree I usually arrange to view and inspect at least one hundred properties in a week; this in itself is no easy task. Out of these one hundred I will usually bid on about ten of the best ones.
If you’re new to buying and investing in property read this previous post.
Due to the current economic climate it is very much a buyers market, therefore I tend to bid at least 30% below the market value. Out the ten offers I put in I usually get at least two offers approved.
Property Investing Advice for Beginners
The majority of my income is generated from property related interests. These vary from a personal property portfolio, property management service for other landlords, property sales (flipping), overseas purchases/rentals, hotels and also land projects. All of these interests have assisted me to leave The Rat Race.
In the last ten years I have refurbished in excess of fifty properties and it’s been one of the biggest learning curves of my life! I’ve bought many a bad property and have lost thousands; at the opposite end of the scale however this business interest has brought me most of my success.
Free Buyer and Seller Property Sale Agreement Download
When I first started off in the property industry, particularly in property investing and rentals; I used to structure deals and seal them with a handshake. I soon realised however that a handshake was worthless and meant nothing in business. The days of gentlemen agreements are long gone. People within the Rat Race are only concerned with their own wealth and success and unless you are dealing with people from within your circle of trust, I advise you to always use legal undertakings for all deals and agreements.
