Thursday, May 23, 2013

27 intelligent ways to create wealth through property

27 intelligent ways to create wealth through property - IQ Property ...27 INTELLIGENT WAYS TO CREATE WEALTH THROUGH PROPERTY By Jeff Matthews, IQ Property Investments This 10 minute read could change your life ... Creating wealth is not easy. You have only got to look at some investors who poured money into property, pensions and equities around 2007 and 2008 at the height of the market. By often acting on a whim or a trend - most people invested where the masses went and did not use foresight to carefully look at real opportunities. 2009 and 2010 will be the years of opportunity where property prices will be lower than previous years. Those savvy investors who stayed out of the market in 2007 and 2008 will be poised to re-enter the

market and secure big discounts. Investors are also changing their priorities now that the economic landscape has changed. Most investors now want solid and reliable yields on their property to replace nominal returns from the banks and other investments. Creating wealth through property now needs an element of thought, planning, careful execution, selective timing and a bit of luck sometimes! In this short book that we have produced, we will share with you our tips for getting a really solid head-start in growing your property portfolio. Imagine being able to replace your earned income with passive income from property. Imagine the choices that would open up for you. Do you carry on working? Do you give up the day job and spend more time with your family? Do you become a full time property investor? By replacing earned income with property income - you have the choice. At IQ, we are passionate about sharing knowledge. We want to share our experiences and help you create wealth, choice and freedom. Jeff Matthews Managing Director, IQ Property Investments 01: Set your Goals and Strategy right from the outset What are you looking to achieve? Are you looking for Capital Growth or Passive Income? By what date do you want to achieve that? For example – what do you want 31 December 2012 to look like financially? ‘By 31 December 2012 – I want to create £50,000 of income from property which will allow me to give up my day job’. 02: Have a solid base to start from Where are your funds now? Are they accessible or are they tied up? If you are borrowing money to reinvest – have the funds been agreed? 03: Head not Heart! It is easy to fall in love with a property for the wrong reasons. Ask yourself, as an investment – does this work and does it fit in with your strategy? 04: Exit Route – what is it? Actually, this should be one of your first considerations. When you want to realise your profit on sale – who will want to buy this property? Are you making the investment widely sellable or are you limiting your options by being too specialised? 05: Use Leveraging – sensibly Borrowing other people’s money to grow your portfolio is a great way to grow your portfolio quickly. If you do this – then make sure you are allowing...

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