5 Expert Tips from Wealth BCI to Start Investing in a Property


 

A first-time property investor is full of confusions and anxieties. Indeed, to know how to start investing in property involves more than browsing, researching and looking around. Wealth BCI have come up with the following expert tips to help first-time investors gain a solid footing.

Let’s discuss 5 key steps towards it:

  1. Begin with identifying your financial stage

At its most fundamental, property investment is nothing more than a means to improve one’s finances. Therefore, before you invest, you should capture a brief overview of your financial state.

You might be yearning to reach financial independence. In that case, you need to keep tabs on the savings rate. If your income is below average, the savings rate should be fixed at 10 per cent. If your income is above average, you may consider a savings rate of 50 to 75 per cent.

  1. Choose a specific investment strategy

There are five stages of developing an effective investment strategy.

The first is your survival capacity. It involves sticking to your day job and paying your bills on time. Secondly, keep stable by paying off debts and piling cash reserves in the bank. Next, improve the savings rate depending on the extent of your wealth. Fourthly, focus on personal growth.

Lastly, you withdraw from your wealth and invest into properties to turn it into a regular income.

  1. Select a target market for investment

The foremost question is whether you should invest close to home or in a wholly new market.

According to Wealth BCI, investing close to home is preferable, if possible. The immediate benefit of going local is the intimacy with the contours of the market. It is easier to evaluate the market, too.

  1. Develop your core team

Property investment is a team job. You cannot expect to succeed without a team to back you up.

Availing independent contractors and financial advisors can help you stick to the right path. Your team may include your closest contacts, distant professionals and technical/functional agents.

  1. Prepare your financing model

There are various financing options available. Some of the widely preferred ones include Federal Housing Administration Loans, portfolio loans, conforming loans, hard money loans etc.

Your choice will count on your current financial status, your investment strategy and personal preference. You may avail the individual capacities of your team members as regards the loan choice. Make sure you can rely unhesitatingly on your team members in this respect.


Disclaimer

This Property Summary has been prepared solely for, and is being delivered on a confidential basis to, persons considering a possible business relationship with the Company (defined in the offering package). This Presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instrument of the Company. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited. WealthBCI makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Certain information presented or relied upon in this presentation has been obtained from third party sources believed to be reliable, however, we do not guarantee the accuracy, completeness or fairness of the information presented. These materials are not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Actual transactions described herein are for illustrative purposes only, are presented as of underwriting and are not indicative of actual performance, and were selected based on objective, non-performance factors such as asset-type, geography or transaction date, among others. Before making an investment decision with respect to any investment, investors are advised to carefully read the related final documentation and offering memorandum documents. No offer of securities shall be made except by means of a private placement memorandum meeting the requirements of the Securities Act of 1933, as amended, and applicable regulations of jurisdiction in which such an offer may be made. Any reproduction of this Property Summary, in whole or in part, or the disclosure of its contents, without the prior written consent of the Company, is prohibited.