Richard Butler-Creagh - Pillars of Property Investments
08:25Pillars of Property Investments
Richard Butler
Creagh is an financial consultant who founded Henley Finance which provides short-term bridging finance
to property development sector. Here is Richard Butler-Creagh advise on
pillars of property investments:
Just because you
have taken the rocket from landlord to property investor, does not mean you
future financial fortune is assured. The fact is it doesn’t even mean that you
can start making profits in the short term or that you are already on your way
to owning a sizeable portfolio. The reality is at only around 20% of those who
got involved in property investments sold up within the first year and close to
half sell their property within 5 years. Of those who stay in the business,
around 90% never get past their second property. There is no shortcut to
success, but the property investment road is worth the ups and downs if you
stick around long enough to get to the good part.Here are your
guidelines to having a successful property investment career.
Think
Strategically
We all know the
saying “Fail to plan and you plan to fail.” Wise investors take this
catchphrase seriously. Investors already know exactly what they want to achieve
and ensure their investment decisions are working towards that particular goal.
For a sophisticated type of investor to bite, each property they buy has to
fulfill the standards they have set through their chosen strategy. It must also
get them one step closer to their end goal.
Manages risks
A savvy investor
knows that good finance strategy is just as vital as good property strategy.
This includes ensuring they don’t over-leverage as well as building in ample
financial buffers in the lines of credit. Smart investors not only manage the
money risks that come with the investment, but also work at minimizing their
risks. They seek great advices for the best ownership structures for the
protection of their assets and to legally minimize their tax.
Invest against the
grain
A smart investor
understands that the property market is moving in cycles and appreciates the
power of counter cyclical investing and this is why they don’t usually follow
the crowd. They don’t pay attention to the current hype in the markets of
overnight get-rich-instantly property schemes. They don’t get caught up in the
next hotspot to buy property even if all the flock seems to be gathering in
that direction. Instead, a sophisticated investor is contented to sticking to
their tried and tested strategy knowing that the crowd is usually late for the
party.
Investors are
building their success under the guidance of their advisors and are very
ruthless in making sure they have the best people in the business on their
side. Now that you know what it takes to become a successful investor, become
what you always wanted to be. Put in some extra effort and go the extra
distance.
Know more about
becoming a good investor from Richard Butler Creagh and
come up with your plan for success today. Know more about Richard Butler Creagh
through his Crunchbase page here and read Richard Butler-Creagh news
here.
Watch Richard
Butler-Creagh video here:
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