1. Ready real estate knowledge

Wisdom is like a weapon To do anything to be successful We need to have knowledge in that area, with the knowledge of real estate that we should have, such as

Understand the real estate market situation, real estate cycles (boosting, slowing down, slumping, recovering), the relationship between demand and supply in the market, the impact of interest rates. know the market trend situation Stay tuned for news that affects the real estate market. This is to create an understanding of the timing of buying and selling.

Knowledge of finding property, knowing where to find property, such as finding second-hand property from the Legal Execution Department property auction Bank foreclosed properties

Knowledge of property selection, such as choosing good quality rooms, good location, being able to analyze and forecast future locations Including being able to check the details of the property, such as the correctness of the title deed, permit, building inspection, expropriation line

tax and financial basics such as ownership transfer fee specific business tax tax relief measures Including knowledge of loan preparation, loan amount, interest selection, installments, and refinance in order to get the best interest benefits.

knowledge in the business to do so renting a dormitory How do customers come to use the service? How much should the rent be set? know the customer group know your competitors

2. Have a clear investment objective

Real estate investing goals come in many ways, for example, to generate consistent long-term cash flow. By renting houses, condos, warehouses, dormitories, football fields, offices, rental spaces, flea markets, renting space in front of the house or for speculation by buying and selling such as land trading Buying a condo reservation which can be seen Different investment goals have different decision-making principles. whether it is a principle for choosing a property or the timing of profitable sales, for example, buying a condo for rent is often a purchase of a location Because of course the location is good. near the train station There is a good environment that makes it easy for us to rent out.

If it is buying land for sale, it may be seen as a future purchase. We may have to be farsighted. Buy land in locations that are expected to have higher prices. by buying at a cheap price and hold it for a period of time to sell at a higher price As for investors who buy and sell preemptions such as condos, they must pay attention to the location and project. Including the position of the room that is sure to be desired by customers because if the preemption cannot be sold in time for the transfer deadline It will cause loss from buying a reservation. (Invest in real estate Which one is called “cool?”)

3. Know your personality

Choose investments that suit your personality. Each type of investment requires different management methods, for example, renting out has a burden of management. Whether it's finding customers, repairing, improving the property to always be in good condition. Including solving problems from tenants' behavior As for buying and selling, investors should have a good connection because most land sales are in limited circles. If you want to invest for a long time, it's better to choose the investment that makes us happy.

4. Know the source of funds

Investing in real estate is a high capital investment. Anyone who has cold money may buy for speculation. For those who use a loan, they may buy it for rent. Because the money received from the rent can be used to help pay off the interest on the loan. For investment for rent, in addition to the burden of paying installments each month Don't forget to take into account other expenses as well, such as repair costs, maintenance costs, marketing costs in case you need to find a tenant.

5. Ability to take risks

In addition to having a high value Real estate investment still has low liquidity. Because most of them take a long time to trade, so investors should be able to accept some level of risk, for example, if there is no one to rent the room, how many months will we have in reserve to pay back? If the land cannot be sold, how long can we hold it?

In addition to investing in real estate yourself. Investors can also invest in real estate through Property Fund, which has the advantage that we can invest with less money. You don't have to take care of your property by yourself. Including having a good liquidity because it is listed on the stock exchange however known as investment There's always a risk.

Source: https://www.krungsri.com/th/krungsri-the-coach/investments/investment-knowledge/ready-begin-investment-estate

Date 5/4/2023