This week on Ask Kevin Young I show you how to make money from your property investments. The current economic situation means that property will be in high demand in some areas and in low demand in others.
You shouldn’t be getting your advice from the papers because the people writing them aren’t always as aware of the market as we are. At Property Club we have experts who know the market trends and where demand for property will grow. Be sure to invest in areas that are going to have an increase in demand and a decrease in the number of properties available, because then the value of your investment will increase.
Look at it this way, if you go into a fruit market and see a whole display full of bananas those bananas are most likely going to be pretty cheap. But if you went in and there were only a few hands of bananas it’s likely that they will be more expensive because of their scarcity. If everyone wants to buy bananas but there aren’t enough of them to go around people will pay more to get them. If we extend this metaphor to property it’s easy to see how making a smart investment in the right area can lead to a big return.
At the moment my advice is to stay away from big inner city high rises because the market for them in the next 5-10 years is going to be flooded. There’s going to be more demand for family homes in the near future and that’s where your investment will do well.
Come in to Property Club and we can teach you how to pick the right investment properties, I want to create 90,000 millionaires you should definitely be one of them!
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