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London-based blogger Ahmed Nashaat firmly believes that there's no investment quite like a real estate investment. People will always need space for living, working, selling, and everything else. This is why investing in real estate will always be a trend.
And real estate can also be quite profitable.
Having an income-generating property may be common for older adults. While it may be uncommon for younger generations to have such business opportunities early in their lives, it's possible. One can grow their real estate investment while building their career.
Motivation plays a huge role in getting an early start in real estate investment, says Ahmed Nashaat. One might have to skip partying or buying the latest gadget to allot their finances to a much bigger pursuit.
Proper financial management is required when one decides to invest in real estate. Not all investment opportunities are the right ones. Before making their first purchase, an individual must research the real estate market, its trends, and other factors.
Ahmed Nashaat mentions that the first real estate investment one makes should be the home one will be residing in. It would be much easier to see the investment grow when one isn't paying rent or living in their folks' basement.
Also, when investing in real estate, always pay off their debt quickly. Banks and lending firms analyze a person's debt-to-investment ratio to verify if they qualify for a traditional mortgage.
Once the first real estate investment is paid off, it's time to accumulate more properties. Ahmed Nashaat adds that it pays to know about rental prices and neighborhood trends. Talking to a realtor can help one understand the local real estate market.
Can you think of more ways newbies in real estate can earn more? Care to share your thoughts and insight?
Thank you.