Many people feel that investing in real estate is a difficult and seemingly impossible task. Because it will require a lot of money to invest. But nowadays, there are small investors and new investors. to invest more in real estate This is because retail investors or new investors. Start getting to know each other more. Experiences from successful investors have been shared. In the form of books and more seminars as well

Let's take a look at some cool techniques. In learning about investing in real estate. 5 knowledge that investors are cool. What must he know?

1. Real estate knowledge

First of all, we must first know what real estate we are interested in investing in, such as houses, townhomes, apartments, hotels or condos. We must know every story of the condo in detail that What types of investments are there in condo investment that will generate income for us? short or long investment Must know the life cycle of condo income generation. From the start of construction to the rental period, how much income can be generated? Then choose the method that you like and are best at.

2. Knowledge of location and target groups

When having knowledge of real estate We have to expand ourselves to the next level. by having to know about the location Because the rules of investment in almost every business start with location, location and location, so it is necessary to choose the best location to invest. Choose to suit the real estate. that we will invest with, for example, if investing in an apartment Where should I choose a location? Who is the target audience? Choosing to invest in a condo, where should you choose the location? and who is the target audience Therefore, surveying is important in finding a location. when we explore This will allow us to know the needs of the target group in that property. Before investing, we must first know who the target group is to rent or buy the property from us.

3. Knowledge of finance and banking

The knowledge of money and gold is actually a headache. But if you decide to invest then what? It's something that we can't avoid. for financial matters We must know the price of real estate. to invest and have to decide which price is worth investing what is the market price What price should be bought, what price should be sold, what price should be rented out, various information, calculation methods, there are books and seminars that will allow us to learn. banking section This information is very easy to find. Just walk in and ask about the release of the loan amount and interest rates for housing loans. In order to choose which bank has the most attractive criteria But I repeat that you should find information about every bank. Or maybe go find information in the expo that collects banks in one place, it will be easy and also get good promotions.

4. Negotiation knowledge

One of the skills that we use every day is the matter of speaking and negotiating. It is recommended that if we speak to people often negotiate often Ask for information often. This skill develops gradually. Negotiation can greatly help with investing. If we are really good We will be able to negotiate the purchase of real estate. that can be descended This will help to get lower costs. that bargain Including bargaining, buying, selling, renting prices, furniture, materials, equipment that requires investment money. or even negotiating interest rates with banks For the best bargain that good investors Commonly used is a bargain that makes the other party feel satisfied and feel Win – Win for both parties or make the other party feel that he has more than losing. However, the topic of this negotiation Even though there are books to read But the most important thing is that you have to practice, practice, practice every day.

5. Knowledge of decoration

Materials and equipment Real estate investing needs to know about materials and equipment for decoration. Because it will save our cost a lot. must know the trends in decorating Choose to use materials that add value but are inexpensive. Whether it's a tenant Or the buyer would want a property that looks and has a reasonable price. Therefore, knowledge of decoration is very necessary. in investing in real estate

For real estate investments that are called "cool", if you study good information and numbers. Learn deeply in the 5 topics mentioned above. Notice carefully that every thing that should be learned is related to money and numbers. Because regardless of any investment, more or less profit depends on the cost. When we invest at a very cheap cost The more profit will be. Nowadays, there are many successful investors who are able to invest without spending a dime in their own pockets. There is also money in the bag as well. and bring the money in the pocket to spin and continue investing Keep doing this until the property continues to grow. You too can learn and apply these techniques as well.

Regardless of any investment, more or less profit depends on the cost. When we invest at a very cheap cost The more profit will be.

Source:https://www.krungsri.com/th/krungsri-the-coach/investments/investment-knowledge/investment-property-kind-called-cool

Date 2/2/2023