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Once you’ve identified your target area, you can turn your attention to finding, negotiating and securing property deals. There are a number of different ways to identify and acquire property but let’s start with the most obvious – Estate Agents.
The Importance of Networking & Top Tips to be more effective. Part 3 of 3 – ‘Conversation Kick-off’s’
There are many sayings about networking such as ‘Your network equals your net-worth’ but the facts remain that we are only as powerful or effective as our Network. It therefore makes sense that we should work on, not only growing our network, but how we go about doing so, to become more efficient and effective to achieve the success we deserve.
Some cities that are more expensive to live in than others and in general, properties in cities are more expensive per square meter than those in rural areas. There are different ways of calculating how expensive the property may be so to simplify it on a global scale I have used the price of property per square meter.
The rental market is a valuable market to tap into, especially as it seems to be showing no signs of slowing down. Based on data from World Atlas, more and more people in the world are renting. In countries like Switzerland, Hong Kong, and Germany, around half of the whole population are renters.
That said, being a landlord may be lucrative but it also comes with a slew of responsibilities and long-term considerations. If you are investing in properties for the sole purpose of leasing them out, you would become both a property manager and a landlord. Before you take the plunge, there are a few questions you should ask yourself.
If you want to make money, you must launch fast. The founder of Linkedin – Reid Hoffmann – once said: “If you are not embarrassed by the first version of your product, you’ve launched too late.” However, the reason why I wanted to point this out to you is because when it comes to sales people never keep an eye on how much time did they invest to get a deal. That’s why I find a lot of potential to improve results for companies because it starts with making sure you talk to the right customer.