Investment in the properties is not as difficult as you may have thought.
There may be some fears that's holding you back. There fears includes "No money", "No experience", "The price is too high", "What if there is a recession?"
Do you experience one or more of these fear?
If you do, then it's quite normal. Everyone will have to start something, somewhere at sometime. Once you start and gain experience, you will eliminate all those fears that we mentioned above.
Now it's the time to get ready your cash and CPF to buy an investment property. We'll wait for a good chance to buy the property at a bargain. Meanwhile, it's always good to look at the papers and websites to search keep track of the property prices.
Step 1: Choose a few areas that you would like the investment property to be.
Step 2: Check the transacted prices through http://www.ura.gov.sg/
Step 3: Check the newspapers' classified, Internet (http://www.propertyguru.com.sg/ or http://www.iproperty.com.sg/ or http://www.st701.com.sg/) once a week.
Step 4: Get a very reliable property agent, who also has experience, to look out for fire sale out there.
Step 5: Get ready your cash, to pay the 5% and stamp duty. Always be ready to grab one property whenever possible.
Step 6: Wait patiently if you cannot find one now or in the near future.
The 6 steps above can help you grow your assets and cash till you retire.
If you would like to know how much returns you can get investing properties, kindly email to desjac@yahoo.com
Have fun searching.
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