When people talk about buying residential property, one of the first things to cross a person’s mind is “location, location, location”. Where is the best and right place to buy their next property? There is a very simple answer to this question and it makes sense because of the simple rule of supply and demand. Below we can see the 4 different outcomes for each combination of supply and demand.
Posts Tagged ‘residential property investing’
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Residential Property Investing
January 14th, 2009 
Yong-Long Lai 
I’m putting together a series to answer some of the hard questions in residential property investing based from my personal experiences and other investors that I have meet along the way. I wrote this one on Your Success Club so you can either click on the link below to read about it or just scroll down. I haven’t finished posting the rest up yet, so I’ll update it when I get to it.
Residential Property Investing – Barriers
Here are some of the most common questions people ask me when they are thinking about residential property investment. It’s always the same questions every time, so I’ll be linking up this page over the next few weeks with the answers and also adding extra things when I think of it. Hopefully this will help you take the next step or ideas to increase your sleep at night factor.
It makes sense to ask these questions, in residential property investment there are very limited areas to actually worry about. It’s either something to do with the income (ie. rental) or the expense (ie. interest expense)
Here are the usual suspect:
- Expense: What if interest rates goes up?
- Income: What if my property gets destroyed by my tenant?
- Income: What if my tenant does not pay or leaves before the lease is finished?
- Expense: What if the insurance company does not pay when I make a claim?
- Expense: What if the insurance company does not want to insure me?
- Expense: What if my property burns down?
