Do You Know What You Are Doing?
You can earn good money in property if you do things right with the relevant knowledge and even with not so much experience.
Unfortunately, traditional schools do not usually teach how to run a business, how to invest (be it property, stocks or otherwise), or how to manage your money. So you need to proactively look after your own education in those fields. I can’t stress the importance of continuously learning and continuing to improve your knowledge, skills, and experience. Education is the best investment you can make!
The Economy And Property Investing
What role does the economy play in your journey as a property investor? The simple answer is that during good economic times, you can make money in property, as typically the prices will go up. Please be mindful though, that by far, the economy is not the only factor that influences prices. But you can make even more money during bad times! Why is that so? While typically prices might tend to decline, there are countless opportunities for you to snap up properties far below their valuation prices from motivated sellers.
If you are able to obtain such properties and can hold on to them until the economy improves again or prices in that area increase, or simply sell at market value again, you can book a profit. Furthermore, if you have selected the right property, you will of course additionally get a return from the rental income.
A Recession-Proof Business
As I have just shared, it is possible to be successful as a property investor in both good and bad economic times. I was only talking about prices and rental income though. What makes property investing a real recession-proof business for you and many others is the fact that are so many different ways on how you can earn from properties.
When Is The Best Time To Buy?
The best time to buy property was many years ago when prices were much lower. The second best time is NOW! All you need to do is to find them and to take action to make best use of them.
If on a macro level you look at how property prices have developed over the last decades, you will find that in many markets and regions, prices might have doubled or multiplied even more than that. Essential is your ability to find and acquire the right property that suits your strategy and that can be done any time, all the time.
On a micro level, property prices have a tendency to move in cycles of about seven to ten years. Likely the bottom during a downturn will not be as low as the previous bottom, but the peak will be higher than the previous peak.
The good news is that at any point in time, there will be some areas or market segments that are in a downtrend and some that will be in an uptrend. In most markets there is an abundance of information available from websites and relevant government authorities that show data of transaction volume and prices, where you can determine where in the cycle a particular area and market segment is in currently.
The Property Apprentice Master, Jochen Siepmann, wants to share the wealth of his knowledge easily and effortlessly with you for FREE. Start your journey now to greater wealth through passive real estate income and capital appreciation with one, or all, of these FREE offers:
- Download a FREE Preview of Jochen Sipemann’s book, The Property Apprentice NOW!
- Register today for an upcoming FREE seminar The Property Apprentice; How To Earn While You Learn NOW!
- Jump the line to your financial greatness through effective real estate investing by talking directly with author Jochen Siepmann himself by registering for a FREE Property Apprentice Consult.