5 Hot Tips for Successful Real Estate Investment

Written by Rhiannon Williamson

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3) Never Assume Anything

This goes from assuming a house is structurally sound to accepting that tax laws won’t change – from believing your tenants when they tell you that they are house proud and honest to acceptingrepparttar first builder’s quotation!

Do your due diligence on every single aspect ofrepparttar 145104 process from ensuringrepparttar 145105 asking price for a property is fair to checking your tax returns before your accountant submits them for you. This is your investment, your future, your potential profit and therefore it is ultimately your responsibility.

4) Employ An Expert When In Doubt

Few people are a master of all trades therefore be prepared to acknowledge areas where you are far from being an expert and at least consider courting a second opinion. Again, this goes from checking outrepparttar 145106 structural soundness of a property to understandingrepparttar 145107 legal ramifications of letting out your property. If in doubt always double check – and if this means you have to call in an expert, make sure you call in an expert!

5) Set A Realistic Budget And Stick To It

Whether you’re purchasing property to let out or buying real estate to renovate you need to sit down and add up every single area of projected expenditure to enable you to set a realistic budget with which to work.

Make sure you add in everything from having searches and surveys conducted, legal fees, accountancy fees, insurance costs, likely interest payments on any finance required, taxation, connection of utilities, marketing for tenants or buyers, real estate agency fees, and of course don’t forget to add onrepparttar 145108 cost ofrepparttar 145109 property andrepparttar 145110 price of any renovation and refurnishing and decorating work required.

Spend time considering every single area where a cost will be incurred and detail every likely payment that will have to be made and you will arm yourself with a bullet proof budget and do all you can to ensure you encounter no nasty surprises alongrepparttar 145111 way.

Rhiannon Williamson is an offshore investment, overseas living and international property expert and publisher of http://www.shelteroffshore.com/.

For investment property abroad news and property buying guides, visit www.ShelterOffshore.com

The Sun has forgotten that its India they are dealing with.

Written by Anand Sharma

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blindly believe thatrepparttar details given by Barhee, or his claim to get them 200,000 account information in a month, to be true. And they have created this sensational news fromrepparttar 145086 private sector; I don’t even think they would be aware ofrepparttar 145087 conditions in our public sector. I can understand their concern for Britons, but I think they are equally at fault for promoting someone to act this way and giving other techies such new ideas.The Sun should report this straight torepparttar 145088 banks and ask them about their security system, rather than giving 1,000 Britons a heart attack. I am gladrepparttar 145089 London police is dealing with this situation in a wise manner.


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