Leah Kelvin
Active member
To build your wealth through property, you need to put yourself in the path of profits while avoiding the risks. To achieve this, it is advised that one should outline their investment goals clearly; investigate into various markets comprehensively; diversify their investments across different sectors as well as regions or countries globally; carry out due diligence before purchasing any asset class such as land, residential houses among others; secure sufficient financing for development projects and keep an adequate amount of cash reserves which will act as a safety net during difficult times among others. You should also determine what returns are desirable for you, how much risk can be tolerated by yourself over what period of time and what kind(s) of diversification would best suit your needs. Look at places where population growth rates have been higher than average rates nationally but still offer attractive rental yields because there is high demand fueled mainly by migration into those areas – this will ensure that even if prices fall temporarily due to increased supply resulting from too many people moving into one area simultaneously then vacancies won’t last long since new tenants are always coming in.
