5 TIPS TO BUY INVESTMENT PROPERTY
(WITH ALMOST NONE OF YOUR CASH)
HOW TO GET WEALTHY WITH SOMEONE ELSE’S MONEY
I used to focus on how much I could earn in a year. But my financial priorities have changed completely. These days my focus is on how many GOOD assets I can acquire in a year because they grow in value much faster than my earnings can.
I learned that it is possible to buy an investment property with very little of your cash and still buy another property soon after.
And if you also want to experience the unstoppable snowball effect that comes from buying good assets, here are our top five tips:
- BUY AT A DISCOUNT:
- APPLY FOR 100% FINANCING:
- REGISTER THE BOND AT OR EVEN ABOVE MARKET VALUE :
- BUY IN AN ENTITY SUCH AS A TRUST:
- REFINANCE TO MARKET VALUE AS SOON AS YOU CAN:
Since the bond is registered for market value, you can refinance the property to that value after six months to make cash available. Use this to pay yourself back what came out of your pocket and use the rest to build your reserve fund in an access bond. Or just go ahead and purchase your next investment property!