People want to success in their life and it is a dream for each person. Success can obtain by many ways and each people have the different definition of success. village square One of them is rich and has much money. If you have wanted to gain much money for the long term, you can try investment in real estate. Usually, real estate and construction need a huge capital because it is not cheap. Robert Kiyosaki is one of success people in real estate investing. He has the tips to success in real estate and these are:
– Do not save, invest. If people think the safest investment is saving, it is wrong because money can not come and go but invest will stay if we manage it well. The money will be used for any purposes, therefore it is so easy to go.
– Learn the 4 advantages.
Not easy to start the real estate invest but if we learn about these 4 advantages we will know why it necessary. First is income for every month. We do not use real estate for the sake of ourselves because we have to rent it to people who need it. We can get income of rent real estate. Second is tax average. As we know if the tax could be a problem for any property owner but it can be overcome if we know how to pay it without our money. Third is depreciation, with rent our real estate to others, we can get depreciation. Forth is capital gains. It is called return on investment. If we spend much money for investment, we do not need to worry because it will produce capital gains for us.
– Find the right area. It is one of the important things in real estate invest because if we do not bought the real estate in the right area, people will be not interesting to rent our real estate. The area close to the hustle or suburban area could be the first choice
– Find the right deal. If we do not want to get the loss in real estate investment, make sure we make a right deal. Capital is not the problem but our plan is the problem. We have to know what we have to do with our investment.
– Use debt. It is hard to do real estate investment if we do not have much money for our capital. It can be handled if we use debt. The debt will give us a million or even a billion capital but make sure we can take it back on time.
To be a successful investor, we must be willing to bother because there is no success in reach in an easy way. All it requires struggle and efforts, including in real estate investing.