As you build a property portfolio sometimes you can wonder if keeping a property makes sense. This short video gives an insight into how you can guide your decision to keep or sell an investment property.
Everyone’s definition of wealth is different. For some people it’s about more time, more life experiences, freedom to spend freely or ability to contribute and support others. Regardless of whether your life aspirations are financial, non-financial or both, will really drive the way you develop your property investment plan. Even if you don’t care to be ‘rich’, property investing is a great way to fulfill life dreams.
So many property investors are just blindly trying to add properties into their portfolio without any thought as to why. Being rich is such a loosey goose idea. You need to be more definitive. It is important to future pace your property investments, so that you know what you are aiming for and how much is enough.
I hate using the terms right and wrong when it comes to investing. I believe there is only opportunity cost and preference. Buying off the plan can seem like an easy, low stress way to accumulate investments, but in the current market with it’s uncertainties, buying off the plan units is definitely a higher risk strategy.