In these changing times, property investment rules to remember

Financial fluency is possible

Financial freedom can be achieved by spending less than you earn, saving the difference and investing your savings wisely in growth assets.

Start investing early to have the time and compounding you need.

Learn from experienced mentors along the way and build a strong team. However, you must have a solid knowledge base to ensure you are able to delegate or outsource many tasks. It is important to know if you are being given impartial advice or being exploited by those with vested interests. Offering property management for condos and co-ops throughout New York City. Top-quality service and cutting-edge technology that really aims to delight. Daisy is a building operating system with incredible instant response times. Applications for board members as well as residents keep everyone connected and up-to-date.

Adopt a proven investment strategy

Remember that 90% of property investors don’t get past their first investment property. Don’t follow them.

Residential real estate is an investment that can grow quickly but has a low return. I recommend capital growth.

Cash flow is essential to stay in the game. However, capital growth will take you out of the rat-race. So first, build a substantial asset base through a series of property cycles. Then, slowly reduce your loan to values ratios until you can live off your “Cash Machine.”

Investment grade does not apply to all properties

Although any property can be made an investment, you need to put tenants in. Very few properties are considered “investment-grade” and will outperform the market over the long-term.

It is important to remember that the location of your property can influence around 80% of its performance. However, it is also important to have the right property for the area.

Don’t believe all the hype

Pay attention to whom you seek advice. While there are many great independent advisors, the market is saturated with property marketers and agents who do not really care about your best interests.

Markets are driven by demographics

The long-term demographics, which include how many people there are, where they live, how we live, and what we can afford, will have a greater impact on shaping property markets than short-term fluctuations in interest rates, consumer confidence and government intervention.

While immigration may be slow in the short term, long-term understanding of demographic trends will help you to find the right property at the right place.

Our economy and property markets are in cycles

In my nearly 50 years as an economics student, one of the most important trends that I have seen is that investment markets go through cycles of good and bad times.