Property Investment Strategies
Property Investment Strategies
When it comes to property investment, there are different strategies that you can employ to ensure that your portfolio grows and that you reach a point where your financial needs are no longer something you actively worry about. Property investment strategies that help you increase your portfolio and help you grow are the ones that you should be focusing on. For instance, one of the property investment strategies that we advise our clients to push towards is “refill till ya die”.
Most of the property advisers will push you towards pieces of property that you can buy and then resell them. However, Jason Hartman advises you to keep the pieces of rental property that you have and continue buying up more. This property investment strategy works by allowing you to work on the value of the property. It relies on the idea that over time, property tends to appreciate in value over time allowing you to actually build up the wealth. What this strategy does over time is that it helps you avoid the capital gains tax that you would have to pay up to Uncle Sam every time you sell up a piece of property. Instead, by refinancing the pieces of property that you already have, you avoid this tax since taxes are not charged on loans. It also ensures that you always have something in your back pocket that you can use in case you need collateral or in case you need money for some other project. With this property investment strategy, over time you discover that you own quite a number of pieces of property. You end up building yourself a rich portfolio on which you can rely for your financial security. Depending on your property investment strategy, it is important that you consult the professionals in the field to get a clearer picture of the path you are following. |