Tuesday 19 April 2011

How to build a Property Porfolio

The method Property Sauce advocates comprises of the following steps;


1. Save as much as possible, as quickly as possible. Your first deposit is like planting the first seed.

2. Get into the residential real estate market as quickly as possible. Don't wait to buy real estate buy real estate and wait. 

3. Control your expenses and build up the equity as quickly as possible

4. Purchase a second property using the equity built up in the first property as a deposit

5. Repeat steps 3 & 4 with subsequent properties

6. Hold these properties for as long as possible to take full advantage of the long term trend in residential real estate

3 comments:

  1. Sounds great how do we signup and start?

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  2. Agreed but sudden Increase in Property Prices seems impeccable to purchase anything!

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  3. There are always properties to suit most budgets you just have to be prepared to do some homework and probably look outside the Capital Cities. Anybody with an income of $50000 and savings of $20000 should be able to take the first step

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