If you are just starting out in the world of investment, it can feel overwhelming just trying to decide where best to start. We’re sure you have many questions: where do I start? Should I invest in commercial real estate, or are my interests better suited to investing in residential? Do I need the help of a commercial buyer’s agent, or a residential buyer’s agent? If these questions sound similar to the ones you’ve been asking (or anxiously suppressing), worry not. We’ve brought together the best tools on the internet, which we believe every investor should have in their toolbox. Each gives you a unique understanding of a different element of investing, priming you to step into the market with your best foot forward and a head full of confidence and awareness. Without further ado, here are the tools that every investor needs, whether you’re a beginner or a seasoned pro.
Listen to a Commercial Property Investing Podcast
If you want to be the best and secure long term returns into retirement for you and your family, you need to learn from the best. The generosity of the world’s top investors is paramount, and there are many gold nuggets of knowledge out there waiting to be discovered by curious and questioning minds. One common way that many professional investors and commercial buyer’s agents use to share their knowledge is through podcasts. Property is a popular podcast genre with many avid listeners: rather than sifting through the countless options on offer, we’ll save you the effort. It’s only worth listening to the best property investment podcasts. Why waste your time on a podcast which isn’t the product of years of experience, connections and examining the market?
Use a Rental Yield Calculator
If you’re thinking of investing, or you’re further down the line and have actually found a potential investment that you are seriously considering, a rental yield calculator will give you detailed insights into the way it will perform over a period of the next ten years. Simply input your information into the rental yield calculator, and it will give you information about its forecasted rental returns amongst other key factors. A smart investor knows what they’re getting into, and isn’t blinded by emotion or excitement over a property. The numbers don’t lie, and a rental yield calculator informed by years of experience will be able to help you determine whether you are making the right choice.
Seems simple, and it is. Trust yourself. Do your due-diligence, but if something doesn’t feel right, pay attention to that. Ask why. Enlist the help of a professional, and voice your thoughts to a professional who can verify or deny your investment-related queries with a voice of reason and experience.
We hope this article has helped you – give the tools a try and see if they work for you (spoiler: the last one always does!). With a combination of the right education, the right market factors and the right perception, you can navigate the purchase smoothly, securing you high cashflow for years to come.