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| Article
> Investing During the Credit Crunch |
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Article kindly provided by
Jim
Vann
Finance Expert and Investor
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If
you want to invest in property but are too scared
of the credit crunch, then you should educate
yourself more on the subject which will help
alleviate some of the fears and concerns you
are having.
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Even with all the bad news and media coverage, there
are a lot of people still making money from property
and in a bad market it is the perfect time to buy
property well below market value.
For
many people around the World, property investing is
a life long dream. Often the uncertainties of the
property market together with the struggle to make
ends meet, has a lot of potential Investors sitting
it out on the side lines for much too long. A lot
of potential property Investors have become so worried
about their financial situation and the up's and downs
of the property market that they may never bother
to invest. Is this you? You really need to get off
the fence and get into the Property Investment game!
Many
people think you have to be rich, incredibly rich,
or crazy to risk investing in property. The truth
is, you don't need to be any of these things. What
you do need is a property investment system that is
built for people that simply want to increase their
income, without having to assume one ounce of risk.
You
need to invest using the numbers!
Stop
hoping or expecting capital appreciation!
The main rule in the property investment game,
if you want to be safe, is cash flow. Make
sure your No. 1 Rule is investing for a good
cashflow. If you stick to this one rule, you
will win the property investing game.
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If
you do not have good cash flow i.e. 30% of your
rent money left over each month after paying your
mortgage utility bills and other expenses, then
you could end up in financial trouble as, there
is no room for maneuvering. If interest rates
go up or expenses on your property/properties
rise, you could end up losing a lot of money because
appreciation will not pay your mortgages or expenses.
The more properties you own in a negative cash
flow situation, the bigger this problem gets.
So, financial education is imperative if you want
to be successful in property investing in a short
space of time.
What
with all the doom and gloom of the credit crunch,
many people are too scared to invest in property.
However, if you can find a property that is well
below market value, then this could be the best
time to buy. When the herd is running scared,
successful investors are still buying right now
and so should you!
What
are you waiting for now is the time go out and
find those deals!
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