Are you interested in becoming a landlord? Do you want to know how to do it in as cost effective a way as possible?
It doesn’t matter if you have no property investing experience whatsoever. It doesn’t even matter if you are flat broke and don’t own your own home yet. People like you are starting off successful careers in property investing all the time.
All that matters in becoming a landlord and being successful at property investing or developing is that you have the right attitude and that you are prepared do what it takes to get there. It also helps if you set the correct property goals that will help you take massive action towards your dreams.
But if you are a total novice then we had better start off with some basics. For a start you might want to check out the property glossary page so that you can get to understand what some of the words you will be coming across mean.
It may also help you if had at least a basic understanding of what the definitions are for a property investor, property developer and property trader are.
If you have been thinking of becoming a landlord for any length of time you might have heard terms been mentioned and not been quite understand what they mean.
Throughout the investment property guru website you will learn the meaning for just about every property term going, but to get you started click on the links below to learn what some of the basic terms you have probably heard of mean:
- Learn how to calculate property yield
- Learn what return on investment (ROI)is and how to calculate it
- Learn what gearing investment property is all about and how it can make you rich
These are just a few useful things that you must know if you are going to be a successful property investor or developer.
As you start out on your road to success you will soon begin to realise that the only way you are going to make money in this game is if you have the correct property exit strategy and if you buy properties below market value (BMV). One method of doing this is to buy what are sometimes termed as distressed property,or properties in distress.
One of the most effective ways of finding BMV properties is to learn how to effectively do property investor leaflet marketing in your target area.
As a first time property investor it is easy to become overwhelmed as you try to learn the ropes. One of the most useful pieces of advice I was ever given was to mix with other people who have already achieved what you want to achieve as well as others who are at the same level as you with similar aspirations.
This can be effectively achieved by being a member of a good investment property forum
Property forums can be one of the most successful ways of achieving success with as minimal risk as possible. That coupled with getting the right property education will soon have you racing towards the success you dream of.