Property is the most understood form of investment as it is tangible – you can walk through it, touch it, alter it, insure it and even demolish it. On the other hand, it can be vandalised, burnt down, flooded or simply neglected. Property comes in a wide variety of shapes and sizes, styles and locations and investment types.
Some of these include:
- Residential property
- Commercial property
- Industrial property
- Holiday and resort letting
- Retirement village property
- WRAP properties
- Flip properties
- Option properties
- Renovation properties (fix up and keep / bog and flog!)
Obviously, property is my passion and throughout this course on cash Positives you will learn the amazing benefits of having a swag of them in your portfolio, even if cash flow of income is not your primary goal or objective. However, it is just as important to have a balance of both properties bought for income purposes, and properties bought for growth purposes.
Where you can really accelerate your income or growth from your property portfolio is where you are pro-active in the market. Now by pro-active I don’t mean necessarily managing the property yourself – although that is an option if you wish – I mean being pro-active in searching for deals, talking to people, analysing your next move and what type of property it should be – really getting involved.
We always recommend that you seek professional advice as this blog is for general information only