Good property investments can bring you stable cash flow. You can ride on its short-term and long-term returns to plan your future, especially when it comes to retirement plans.
However, deciding to buy a property is never easy. It is even harder when you look at it from an investment perspective.
1. Carry out regular market research
Don’t start researching only when you’re looking to buy properties. Make plans ahead and always keep an eye on the property market’s movements and patterns. This will allow you the time to gather the necessary data and knowledge to understand how the property industry behaves.
As a result, when the time is right, you will be able to strike a good deal based on the area, property value, rental market and quality of the property.
2. Choose your type of real estate
There are no bad properties when it comes to investment. More often than not, people go for residential properties and put them up for rental or sale.
But, you have the option of investing in retail as well as commercial and industrial properties. Of course, the latter types of properties will need more capital and you will have to deal with businesses and the demand in the market for that particular type of property.
However, if you are looking for safer investments, you can always buy landed properties.
These are the most sellable and steady properties in Malaysia even during volatile economic conditions.
3. Take advantage of market volatility
Whenever there are economic challenges or political conflicts in the country, the property market suffers like any other industry.
However, it is not particularly a bad thing. If you are a sharp investor, you would know that during critical times, people often find it difficult to pay their home loan instalments. So, many people are forced to put up their house for sale below the market rate. If you have cash on hand, you can take advantage of the situation and buy a decent property at a very low price.
This not only saves a ton of money but you can immediately put it up for rent and earn a stable income. When the market moves up later, you can sell it at a greater profit margin than if you bought the property at a standard price.
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