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  • Writer's pictureKingsley Property

5 Myths in Property Investing

Typically, these myths are the standpoint why there are those who fail in property investing. These myths are often heard from those who never really made it to first base. This is not meant to offend those who are to be offended but an eye-opener.

Myth 1 : No cash, no venture

Truth: Some might say that you would need money in order to make one. But in the case of investing in property, that’s not wholly true. Once you have found a property deal posing a good offer, the money will eventually find you. If you ask an investor who has reached the peak of investing, he or she will inform you that lack of money is not the real issue; it is the lack of the good deals that’s the problem. Think, if you have found a house offering a good price, you’ll soon find a lot of partners willing to bring the money at your doorstep.

Myth 2: It won’t work.

Truth: If it just doesn’t work for you, then the problem would probably be on your part. Being pessimistic doesn’t take anyone anywhere. You can forever convince yourself that stuff won’t work and be just like that for the rest of your life. Unless you try on something and give it your best shot, it will always be a mystery to you. Yes, there are risks in investing in property but that doesn’t necessarily mean that the risks could outrun the benefits. Risks can be remote and sometimes realistic. If you will keep on basing your decision regarding property a total mess, something that can only happen for those who are “gifted” in the investment scene, then it’ll forever be like that.

Myth 3: Estate Agents don’t like me.

Truth: Estate agents are your best friends and are the ones who can really help you up once you have established yourself with them. There are agents who call up to you when a good deal has come up. Some agents will give you deals that are unimaginable and you can bet your bottom dollar on it. One of the reasons why you can’t seem to get along well with your agent is because you both misunderstood the needs of one another. Once you know what the agent needs from you and what you need from the agent, your relationship will flourish. It is best that you inform your agent about the type of deals that you are looking for and be consistent with what you want.

Myth 4: This stuff is risky

Truth: In reality, even if you ask the prominent investors, property is the safest investment that anyone can venture in. This is because you can’t control the stock market. But the thing is, you have to take a step and must be willing to take a risk in order to make money. Without calculating the risks, you won’t be able to appreciate how things would eventually come out.

Myth 5: Competition’s getting the best of me

Truth: If everyone is chasing the same type of property deals then the market can become a busy place to be, if you are experiencing this then you need to look at different types of deals where others may not be looking. Supply and demand will always push the prices up so look elsewhere if you are being priced out of that market. There is always deal to be had you just have to find them using different routes.

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