Making You Wealthy And Heathy

As I was thinking about different games I played with my family when I was a kid, I thought specifically about Monopoly. It’s funny, but I think that this old favorite board game can teach us a lot of lessons about investing in real estate, and especially about house flipping. INVEST EVERYTHING YOU CAN Want to win at a game of Monopoly? Buy all of the properties you can afford! That’s really true for real estate investing, too. If you fix and flip one property at a time, you can make decent money. But if you have multiple flips going on simultaneously, you can continuously bring in cash so that you can afford even more investments, with or without help from a hard money lender or investing partner. YOU HAVE A LOT OF OPTIONS TO WIN What’s your Monopoly strategy? Do you buy up the properties that people are most likely to land on when they get out of jail? Or do you go straight for Boardwalk or Park Place to get the highest rent? There’s no single way to win at Monopoly,...

We’ve analysed hundreds of off-plan property deals and come up with a list of the most important questions that first-time investors neglect to ask. Here are the seven key questions that you should ask when buying a property off-plan, and throughout the process of building your property portfolio. 1.      How much are the reservation fee and deposit? The reservation fee is the amount you pay to reserve your new build. This is between £500 and £2,000. The next payment you’ll make is the deposit: usually around 10% of the final price. 2.      How secure is my deposit? Your deposit will be paid to the developer's solicitor or a mandated authority, but they should hold it in a separate client account. Depending on the contract for sales and purchase the deposit may be releasable or be held with the solicitor. Generally, only the first 10% of the deposit is protected by schemes  It helps to protect you should anything go wron...