An investment property can be a great way to make money whether it is in a short-term or long term run. It just depends highly on what kind of strategy you have in mind. Here at Citrine, if you think you are in the position to take on that level of debt, we encourage you to buy an investment property. It is very important to understand the amount of money you can borrow and the amount you can borrow comfortably without affecting your lifestyle so that you don’t place undesired pressures on yourself and your family. We like to make sure buying an investment property is a memorable and exciting experience.
Property investments for decades are known to be a good engine to create wealth. If you have been in the real estate business for a while, you would definitely agree with this. If you come unprepared though, it can become a very expensive exercise. Citrine can help you make smart investments, achieve great returns, and ensure your property has a stable and strong future.
Everybody dreams to escape everyday work and forever leave the “rat race”. For first timers, they encounter the same problem… how to start. There are certain steps to take when you’re buying an investment property. Make sure you learn about the amount of money involved and the different fees associated with a purchase of property, and be ready to manage and handle a large debt. Whether or not you are prepared to have the debt now or in the future, Citrine can surely shed some light on the property investment world and offer you the best property investment advice to drive you in the right direction.
Here are a few tips to help you in your financial savings. Start saving small – you don’t need to save a huge amount of money at the beginning. It could be 5 or 10 percent of what you earn monthly or even less. The important thing is you are saving regularly. You can boost this by managing your expenses and by spending on necessities and not luxuries. If you want to build wealth, you have to make little sacrifices. Start putting your money to work – If you now saved enough, you are now in the position to ta investment property. Our advice, understand all of your risks and protect yourself. We are happy to ke the next step. You can either take short term investments, buy shares or even help you assess these risks and help you understand how much you can borrow and pay back without putting pressure on yourself and without straining your finances. For peace of mind, contact us.