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UniversalTrader

21,772 Posts.

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27/11/21

19:53

Post #: 57908149
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Originally posted by kingpins: ↑

You are right Marum IMHO

Although there are various forms of investment and at time one or the other can be better

The problem is if you dabble in other area's you have to put huge amounts of work in to know and manage your investment

So Real Estate is the best investment for 80% of people, buy in an area you are familiar with, and close to where you live or work, so that it is east to monitor, and the only real danger is over-gearing and being compelled to buy and sell on a set time frame, do this and rarely go wrong

You have to do some work also but it is relatively easy to study the relevant laws and understand them and remember if an agent manages it for you that they work for you so be prepared to act like the boss, also keep your property in good condition by doing maintenance immediately when it is required

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Key thing is know your market, in particular your tenant demographic and how to handle them. Also know that most paid property managers are useless and don't do much more than collect money and many don't even do that well.
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