Juliet Risdon is a Director of JML Property and a property investor.
Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants.
Last week we looked at why it is that people might want to review their investment strategy and how to start forming investment goals.
This week’s article looks at two more steps that are important considerations for achieving those goals.
4. Be clear on the Timescale – Is this a long-term or short –term investment?
When exactly do you need the money?
You may need to factor in contractual investment periods e.g. fixed term bonds for three or five years or possibly how long an investment property sale takes to complete.
When will you need the money to be available?
5. Income or Capital Investment?
Do you want a regular income or a lump sum as the end of the investment?
Further considerations are –
How long do you want to tie this money up for? Will you put it in to high or low risk investments?
If you are looking to grow a lump sum over a longer period of time say two years or more, then considering the capital growth of a well-invested property would be worthwhile.
If you are considering needing a regular income, looking at rentable properties might be the way forward for you.
If you choose rental income then how much on a monthly basis do you need to make? When does the property need to start earning for you?
Property prices in Macau have dropped significantly over the past year, and whilst there is no guarantee for the future, you should find that a good rental investment will out-perform money sitting in the bank or under the mattress so to speak.
There is certainly no magic answer when it comes to making money (if there was we would all be doing it!), so taking time to consider our goals and options to make the most of what we have is always a good idea.
Offer To MDT Readers: If you would like a casual chat about your investment strategy and making part of that strategy investing in property, JML are offering an exclusive chance to MDT readers to spend time with one of our consultants for free, discussing the investment opportunities available to you and reviewing your property portfolio.
Wishing you a very happy and successful 2016
www.JMLProperty.com
info@JMLProperty.com
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