Discover What The Best Investors Do To Get The Best Investment Ideas
Many people will never realise the best investment ideas are usually the simple ones. You have to look for the greatest return but with a very low risk factor.
Forget the current downturn for a moment as property prices do increase nicely over the years. So turn a simple property related investment into an investment idea for you.
A good property investment relies on the old saying location, location, location. Location is the number 1 factor when looking at property investment.
Property prices usually double every ten years in the UK. You can make the most of your property investment knowing this. Great investment ideas are usually the simplest and property is one of the simplest, and best.
A quick example of a property investment, keeping figures simple. Invest in a house for 150k and keep it for ten years. It should be now worth circa 300k.
If (in the above example) buying on a mortgage you should shop around for the best deals as even a little saving on your mortgage rate could mean a big cash saving. Always try to have access to some cash as you never know when another great investment idea comes along.
**A bit off topic but you can discover how to shave years off your own mortgage with our mortgage overpayment calculator**
Back to what we were on about before.
Try to get the best mortgage rate you can. Shop around and change if you have to as it could make a huge difference later on. The mortgage is a key factor in any property investment idea.
People new to property investment often get their fingers burned by the ups and downs of the property market. They get in late and buy at a peak. Then panic and try to sell in a trough. This can be route one to the poor house doing it like this.
Going back to the phrase, simple is usually best, you need a system to work from to maximise any chance of great returns. If you are looking at property, here’s a simple formula…Get in on a trough, get the best location you can, get the best mortgage rate you can, get the best management team you can to manage rentals.
For centuries it has been proven that the best ideas are the simplest with the wheel being a prime example. Don’t get caught up in a myriad of detail while searching for investment ideas. Keep it simple! Click this link for some good investment ideas