Property investment or real estate falls under both the defensive and the growth investment categories. You invest once, and you earn every so often. You invest once, and you continuously grow your money. As simple as that.
As a real estate investor, you acquire a property, and then you do as you please. You can fix and flip, wholesale, or buy and hold. However you prefer, you earn in the long run. In fact, you can choose how and when you earn. Just by that, you are in control of your investment.
– Franklin D. Roosevelt
As essential as food, the housing market will always be hot on the list of people’s necessities and most sought assets. As an investor, you’ll never run out of ideas on how your investment will yield a higher return of investment. And that is the control that real estate investors gain that can never be taken away or be compared to other investments in the market. But this is not to discourage you from investing in different platforms. This is just to set the expectations. If you want a safe investment, choose real estate.
If you have a property, you have the upper hand. You get to decide on what you want to do with it. You can explore endless possibilities and still have the odds in your favor.
From the moment you decide to invest in real estate, you take the reins in choosing where and when. Then comes the actualization of potentials. You get to determine which path you want your real estate property to go. You have the final say on how you want to expand your network and on how you can leverage your assets that could grow your wealth. You have every power to control your investments. You earn the right to manage your assets. That narrative clearly shows the beauty of real estate and having control over your investments.
As stated in the first entry, you have a clear image of what your target market is. The location and the audiences are yin and yang. One cannot be without the other. Your target market is your business’ bloodline, and the good thing about being the owner is that you have control over who you will allow or decline accommodation. You get to choose your guests by conducting background checks.
Since you own the place and you are aware of all the expenses it has incurred, you know how to place value on your property. Note that the location plays a significant role in this. The closer your location is in the proximity of prime attractions and destinations, the higher the value.
While it is true when they say, “in real estate, you grow money while you sleep.” You simply cannot discredit hard work and the right network.
In real estate, being connected with the right network allows you to have expansive coverage, creating more sales and more enormous profits.
It is integral that, as an investor, you are surrounded by the right people. If you are a novice in real estate investing, getting help from seasoned professionals who eat, sleep and breathe real estate do wonders. Your business is backed up by your perspective and motivation combined with your expertise and experience.
As an investor of a short-term rental, you should be equipped with the right tools for marketing and other essentials. But more than anything, your business must be handled by an outstanding team of passionate individuals who are equally motivated and engaged as you are. And, of course, you should possess a champion mindset that will push you to greater heights because knowing people and understanding the subject does not and will not make you rich. It pays to have an analytical mind combined with a positive outlook and a good amount of proactivity to keep you going. You should be able to set the margin of what you expect and to what extent you are willing to give to achieve the goal of your business.
Real estate may have ups and downs, but you can still maintain your composure because you are in control. And that control will lead you to your vision of maintaining a level of competence and proficiency that will set you apart from your competitors, as well as other investments.