Secrets of owning multiple properties

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SECRETS OF OWNING MULTIPLE PROPERTIES WITH
LIMITED MONEY
Prepared by Prawin Kumar
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OUTLINE OF TOPIC

• People becoming landlords in a fortnight is a
  myth, smart investing and a quick decision-making
  can land you in a better position in life
• As the saying goes The best investment on earth
  is Earth
• Best builders in bangalore say this too
• One should invest in multiple properties to get
  rich. It doesn't need a bank account full of
  money, it only requires a mind full of thoughts.
• In this post i discussed the 5 golden ways to
  shift you from the status of homeowner to
  landlord without drilling holes into your pockets.

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DO YOUR MARKET RESEARCH
Market research can unveil many facts about
property valuation location advantages, future
prospects etc getting a property below market
valuation now can be a productive decision in the
future. Staying up to date with the local news
can help you take a better decision. There might
be a new airport coming in the vicinity, or
might be an upcoming metro, or the property
doesn't go with the rules of law. Stay updated!!
Grab the opportunity.
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PONDER THIS
A study of economics usually reveals that the
best time to buy anything was last year.
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BUY A DISTRESSED OR POOR CONDITIONED
PROPERTY
LONG-TERM BENEFITS
A Distressed property is the property which
comes under a bank or financial body for non
payment of mortgage/loan. These properties can
be bought through the live auction, it may be
profitable most of the times.Because the bank
needs quick money.
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GET EVERYTHING RE- EVALUATED
A TIME TO TIME EVALUATION OF YOUR PROPERTY CAN
GIVE YOU A GOOD IDEA OF THE WORTH OF THE
PROPERTY, BY THIS YOU CAN REASSESS OF GETTING A
LOAN ON THE PROPERTY AND MAY FETCH YOU GOOD
RATE.
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STAY UPDATED WITH THE LOCALITY NEWS
The locality of your property to be considered
might be going into some land procurement by
Govt. or it might be coming into a special
economic zone there are 2 sides to a
knife. Staying up to date with the locality news
will land you on a golden opportunity
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PREFER INTEREST ONLY LOANS
AN INTEREST ONLY LOAN IS A LOAN WHICH CAN BE
TAKEN TO REPAY IN CERTAIN PERIOD OF TIME AND
ASKS ONLY INTEREST IN THE MEANTIME. TAKING
THESE KIND OF LOANS CAN BE POCKET FRIENDLY ON
THE EXPENSES.AND CAN BE REPAID ONCE YOUR
PROPERTY GETS A GOOD VALUE. CHOOSE A KHATHA
PROPERTIES LIKE APARTMENTS IN MYSORE ROAD WHICH
HAS AN APPROVED FINANCE NUMBER OR CODE (APF)
WHICH MAKES IT LOAN READY.
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All Said and done these are the smart ways that
work for a real estate buying and owing multiple
properties at same time, are they executable or
over the top, do you have any other ideas,
please share your feed back.
THANK YOU!