Property Investing – The Only Advice You Need

home profitsBuying up a few Investment Properties and making some good money seems like a good idea, and it is, when you get it right of course.

Unfortunately, many wannabe investors get it completely wrong, to the point where they lose thousands of dollars and never try it again. That’s such a shame really, because they were probably so close to being successful. If only they had the right advice…

Luckily, you do have the right advice, and it starts with the tips below.

Securing the right loan

Quite possibly the most important aspect of property investing is securing the right loan so you have cash available to make the purchase. Most loans come with very high interest rates and extra fees, and when this is the case it makes it very hard to turn any profit with your investments.

The best way to secure a loan with low interest rates is to have a very good credit score. Lenders are very wary about who they lend to these days, and if you want to stand any chance of getting the right loan then you must have a good financial history.

If your credit score is less than stellar, don’t worry. There are services out there that can boost your credit score in only a few months, which puts you in a perfect position to get a favorable loan with the least amount of hassle.

What to look for in a property?

The first thing to look at when investing in any kind of property is location. Is it in a desirable neighborhood and place where people actually want to live? If it isn’t then look elsewhere.

Next, make sure you look closely at the condition of the property and make a note of any work that might need to be carried out. Remember, all of this factors into how much you will have to spend on the property, and if there is too much work that has to be done then it might not end up being a profitable venture.

It’s also a good idea to look for properties that are located in your area and only a short drive away from your current house. This allows you to be there quickly if any problems arise, especially if you plan to rent the property out to tenants.

Find a formula and scale up

Once you’ve found a profitable property investment formula then it’s simply a matter of scaling it up to make even more money. In no time at all you could have your very own real estate empire and become very wealthy.

How a Gold Self-Invested Personal Pension Plan Can Diversify Your Retirement

money cloudsDid you know that gold can now be added to a self-invested personal pension plan? This is certainly good news for people who want to feel secure about their retirement, and not have to worry about what will happen to their family in the future.

More about self-invested personal pension plans

In a nutshell, a self-invested personal pension plan is a great way to take control of your finances and make sure you get maximum value out of your pension. Over the last few years, these kind of plans have become extremely popular, and recent figures show that around half a million people in the UK have a self-invested personal pension plan.

If you want to find out more, then this Wikipedia definition will give you more information.

Gold gets the green light

Around 10 years ago the UK government decided that gold should be allowed to enter the pension scene, which means you can easily start a gold self-invested personal pension plan to diversify your retirement. In fact, it’s recommended that it should form around 20 percent of your entire investment portfolio.

Here are some reasons why gold is such a good idea:

Safety

Due to an almost impeccable track record, gold is considered a “risk free” way to invest your money and then reap the rewards in the future. This is mainly due to the fact that gold is not tied to any financial market, which means if there is a downturn in the economy or a world financial crisis, then gold will still hold its value and continue to prosper. Therefore, there is a large element of safety in getting yourself a gold self-invested personal pension plan.

Easy to sell

The price of gold has been constantly rising over the last 100 years, and this is a trend that is set to continue as we head into the future. Therefore, a gold self-invested personal pension plan is almost guaranteed to give you a decent return on your money, so you can feel secure in the knowledge that you won’t end up broke and destitute when it comes time to retire.

Cheap to hold

Another reason why investing in gold is such a good idea is because it is cheap to hold, especially when you compare it to other assets that you could potentially hold in a self-invested personal pension plan. Make sure you compare multiple pension plan providers in order to get the cheapest rates.

Need Help Investing Your Money? Read This…

invest definitionIf you want to avoid living in poverty during your retirement, or working until you are 75, then it’s essential that you start planning your financial future right away.

One of the best ways to do this is by investing a portion of your income wisely, so your money works for you, instead of the other way round. That’s how smart people do things.

Need help investing your money?

If so, then read the following tips to give you some ideas…

Investing in gold

One of the best investments you can make is in precious metals such as gold, silver and platinum. While you should certainly look to invest in all of these, gold should be your main focus as it has the longest track record of increasing in price and holding its value in any economy.

Not only that, but it’s also extremely easy to sell, which means you will have no problems cashing in on your investment when the time is right.

Also, other options such as a gold ira are becoming increasingly popular. This helps you to diversify your retirement fund, and protect yourself against other investments decreasing in value.

Investing in the stock market

Make no mistake about it, investing in the stock market is not for the casual investor. With this in mind, if this is something that you want to do, then you should take the time to learn everything you can about investing in stocks, and then gain the relevant experience to become knowledgeable about what you are doing.

Millions of people have lost a fortune in the stock market, simply because they didn’t really understand what they were doing.

Investing in bonds

Are you looking for a safe way to invest your money without any risk? If this is the case, then investing in bonds is the perfect match for you.

How do bonds work?

In simple terms, you are basically giving the government money now, and in return they supply you with bonds. After a few years, you can cash in these bonds to get your money back plus interest.

While this is certainly a safe form of investing, you can’t really get away from the fact that there isn’t much potential for a lot of gain. Sure, you will see a slight return on your money, but there isn’t the reward available that can be found with investing in gold or stocks.

Ultimately, it all depends on how much risk you are willing to take.

Thanks to Tim Rice for the guest post.