Secrets to Successful Property Investment
By: Deborah Durbin - JHP Business, $16.95
Description: A recent study found that 88% of people cannot afford to buy their own home and will always rent a property. Written by journalist and property investor, Deborah Durbin, Secrets to Successful Property Investment teaches you how to start your own successful property business.
Taken from her seven years’ experience of knowing nothing about property investment to creating a multimillion-pound property portfolio, this book will guide you step-by-step to creating your own property empire.
Indeed this guide will show you ... * How to generate deposits * How to get a mortgage * Renovations * Dealing with contractors * Dealing with bad tenants * How to grow your portfolio.
Verdict: The property business is ripe with opportunities for those willing to work at it. Whether you’re looking to replace your current career, build wealth, supplement your income, or help support your retirement, starting a real estate business can be a wonderful way to accomplish your goals.
Starting and operating a real estate business isn’t easy, but if you’re focused, dedicated, and willing to put in the work, it can pay off. Whether you’re getting prepared and educating yourself on the process or ready to dive in now, this new book/guide from Deborah Durbin will help you understand how to start a real estate business, including the costs and steps, as well as ideas for the different types of real estate businesses you can pursue.
Amongst the bullet-pointed rungs of the ladder to pay stricter attention to as you progress are: How to generate deposits; How to get a mortgage; Renovations; Dealing with contractors; Dealing with bad tenants and How to grow your portfolio.
But what comes across from the off is that once you have decided the best path for you ie: property investment, you must develop a plan quickly thereafter.
Think about what’s needed to get started in that career or business and whereas becoming a real estate agent or real estate broker may require you to attend a school or pass a test to get a license, others (such as just being in control of your own self-purchased properties) may allow you to get started right away with as little as a real estate business plan.
Thus it is always best to determine what is needed to get your foot in the door and plan what you want to accomplish or do with your business soon thereafter.
If you want to focus on buying an investment property, Durbin suggests you decide whether you are focusing on commercial real estate, residential rental property, fix and flips, wholesaling, or mortgage notes, et al.
Identify where you’ll source potential clients or investment property leads and what the conditions are like in your target market.
All these juicy, highly informative and at times pleasing bite-size tidbits of knowledge are readily made available within this book, a one-stop shop for all the teachings you will ever need to know how to start your own (and make it subsequently successful) property business.
About the Author - Deborah Durbin is a British journalist, author, and columnist. She has 11 non-fiction titles commercially published in the fields of wellbeing, Mind Body Spirit and natural health, writes features for magazines and newspapers, and works for several UK book publishers.
She is a full member of the Society of Authors, Women in Journalism and the National Union of Journalists. Oh Great, Now I Can Hear Dead People is Deborah’s debut novel and reached number one in the Kindle UK best seller charts (Supernatural category).
It has recently been signed to Soul Rocks Publishing for print rights and the paperback version is now available.
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