One of the problems all too often encountered by property buyers and sellers alike is that, by having to deal with a third party, namely the estate agent, the process often becomes unduly muddied and complicated, not to mention expensive. After all, you buy a property because you want it, certainly not because you like the agent.
Rental Yield is the rental income (Rent) received during a financial period (12 months) less all expenses inherent in owning the property. It is expressed as a percentage and can provide an indication of the rate of return (ROI) on an investment, before tax. This can be calculated either on a gross basis (excluding expenses) or a net basis (including expenses).
A leading property investor has questioned why people on above-average wages cannot afford to buy a home after a report predicted dramatically falling home-ownership rates. Property Investors Federation vice-president Andrew King said people on $70,000 a year had to look at their other spending – on things like coffee and cars – if they thought they could not afford a house.
Many beliefs and attitudes were developed when people were very young. They watch and learn lessons from parents, other family members, friends and teachers. Usually, people don’t realise what they’ve picked up along the way and, unknowingly, other’s beliefs and experience begin to become one’s own.
Very good post on BusinessBlogs – these 10 tips are really good to know for any business owner. I also think that the tips are good for investors as well. Cash flow is the life blood of your business. You might expect a positive cash flow in your first year but the cash flow of each month of the year needs to be within the limit of your financial
An option is the contractual right, but not the obligation to buy, a property, at a future date. When a person buys an option the seller agrees to keep the property available to to that person until a certain date. Until then, the person who has the option may buy it at the agreed price, or may decide not to take up the option and to let it lapse at the agreed time.