Rental Investment - Advice for Smart Investing

Real estate can indeed allow you to get rich quickly, provided you know what you are doing. Here are 10 tips to be successful and find a good profitable business in order to develop your financial independence. Investing in smart city is one of the keys to financial independence.

Real estate is a subject that fascinates me and that I have studied and put into practice. Here are the tips and rules I have put together and invite you to follow.

Invest in rental real estate without making a mistake

Myths in rental property

You have to be rich to be able to invest

If you have to have an income and not be in debt, you don't have to be rich to be able to borrow. The “thing” is that you certainly won't be able to buy your house and invest in rental accommodation because of your limited debt capacity. Make a choice.

Start small, big investments are too risky

Experience shows that sometimes it is easier to borrow a lot than to borrow a little. I have real-life stories of people who started with big investments with few resources. The secret? When you borrow to buy an apartment, the bank relies on your income. When you buy a building, the asset becomes the collateral. I'm not saying it's simple but it does exist. The risk on a building is also limited because your rental income will always have more resistance if you have 10 apartments than if you only rent one.

You can get rich by buying and selling goods without input

I would not recommend this type of approach. It's risky and only allows capital gains instead of generating regular income.

You have to know people to be successful

Often things are done the other way around. Get started, show interest, and meet the people you need. A real estate investment below market prices ensures you an attractive capital gain on resale: a detail that must be kept in mind, from the moment you buy the property in smart city.

You have to be sure of yourself and not be afraid of making a mistake

Find me someone who invests without being afraid and I will show you someone who is unconscious. Each new investment is a risk and a questioning of your stability. This is normal and part of the game. You will have problems but what matters is how you deal with them. What matters is whatever you do to prevent a problem from turning into a disaster.