Everyone says that they want to be a multi-millionaire. So why is it that if I show twenty-five people how to do it, just one troubles to try.

I from time to time ask myself why this is. The only answer I can come up with is that many people cannot move out of their comfort zone, not even to be in an improved place. Let's assume that you are not one of those, here are a few sign posts along the way to prosperity through property investment.

Property is low risk, high profit. Of which is not the same as no risk, high profit. Every investment bears a risk. You lower this by researching the property and the area. Outdated adage that the first three rules on property purchase are location, location, location, still retains true.

Whilst you are cutting your teeth as an investor it is a good plan to try some simple income makers. Take a look at distressed sales. You can often pick up a property for a pulled down price, which with somewhat of paint or a revamped kitchen or bathroom could show a substantial increase in value. Initially you can choose to increase your available funds, before building a portfolio of rented properties, and just sell the property quickly.

Never be afraid to take money. A prosperous property investor colleague is often asked how he or she managed to accumulate so much wealth so quickly. I know that he or she too will certainly not be afraid to take a profit and his usual answer to that question is "I always sell too soon". Inside this way our company is quickly financially liquid and on to the next deal. Far better 10% in a few days than 20% in a year.

When there is a restriction on home loans, there will be more people looking at rented property. This is the time that you can release capital through re-mortgage of your present property, or properties, and expand your portfolio for taking good thing about the demand. When mortgages become more easily available the demand for leased property declines good results . more first time buyers you can sell a property for a profit.

When I find myself in it I like to swap my least profitable property for cash and take an investment in land. I stay away from the latest fashion locations, like Brazil for example. I remember the number of trendy investors lost money on the then fashionable Costa da prata Algarve.

The type of land purchases that We like are parcels of land adjacent to new build schools or clinics. You often find that the land that the building is on only acquired planning permission for agricultural buildings this one construction, and that formerly there had been no planning permission. This is a licence to print money.