6 Tips You Should Know As Property Investor

Before beginning our steps by recognizing and mastering the property's main property expertise, let us intend ourselves with a truly strong belief: "I am a property investor." This determination is important because I believe that dreams and focused thoughts will have a major impact on our success. Thanks to the power of focusing on the dream, success in owning a property asset portfolio will generate passive income. This also applies in many other ways such as business, lifestyle, the desire for cars and so forth. Here are 6 key expertise in property investors.

# 1 Expertise to Getting Hot Deal

What is a hot deal? Property transactions that include hot deals are potentially profitable. Property prices in these transactions are well below market rates, get higher valuations from banks, and already have their own income, either from leases or contracts. Income from this property is able to cover all operational costs and installments to the bank. In fact we also still get a profit in the form of the difference between loan funds disbursed bank and transaction price after deducting transaction costs. By reaching a hot deal, it means you have found your Property Cash Machine. Hot Deal is a Great Deal. So many Great Deals are scattered everywhere, our job is to try and find to get it.

# 2 Expertise Assessing Property Prices

What are the different properties of one another? Maybe in the visible, we can distinguish it. However, not all can be easily differentiated and our judgments are not necessarily right, even though we are already very confident. We need special expertise in assessing property for transactions in generating maximum profit. In practice, we can ask the bankers to rate an asset in order for the assessment to be accurate. But before assessed (appraised) by the bank man, it would be nice we also can judge first so that we do not waste a lot of time.

# 3 Expertise to Negotiate with Seller

any people fail to reach a hot deal simply because they can not negotiate with others. The value of the property may increase or even decrease depending on our ability to relate to others. Property investors will always be in touch and negotiate with other parties, whether sellers, tenants or buyers. This capability is absolutely owned by investors to get the optimal profit. One of the hot deals is by negotiating with the seller. The price offered by the seller should be bargained to the lowest possible. If the seller asks for a down payment (DP), we should be able to negotiate asking for a reduction of DP size to a minimum level or even none at all. If the seller requests payment within a month after the deal, we should be able to seduce him or her to loosen it longer. In essence, all things must be through the negotiation phase.



# 4 Expertise to Gain Capital

The main reason why most people hesitate in investing is capital constraints. This is actually the biggest motivation that should encourage us to invest. The absence of capital can make us think and play brain, how to get capital.

Not a few successful property businessmen with only a modest capital when starting a property business, but with a strong will and confidence and experience gained finally they can always solve problems encountered, where one of them is funding. Buying property does not require you to spend a lot of money or get rich first. One of them is to find sources of financing that turned out quite a lot and varied. One of the many known people is the bank. There are many examples of how to get financing from the bank.



# 5 Expertise Managing Property

For investors, a property is a long-term product. The small increase in property profits from year to year depends on the ability of investors to manage their assets. Many people do not get enough benefits due to mismanagement. Not even a few losers. Therefore :

"investors must master the expertise of managing property assets."

# 6 Expertise Sell Property

Although the main purpose of property investors is not selling, under certain conditions we are not forbidden to do so. Can be described that we are dairy farmers. When it no longer produces milk as expected, the cow is better sold. The trick is certainly not selling style with the stance of "origin of no loss". We must be able to sell it at the maximum price so as to still get the optimal benefits. It turns out there are many tricks for the sale price of our assets boosted. You can do it in a very simple and low-cost way. So far our minds are constrained by the old belief that property values ​​will rise after major renovations. It turned out not to be.