Malynda Williams is a real estate tycoon in the making. She

Tycoon in the making

Malynda Williams didn't set out to be a real estate tycoon. But the 50-something has managed to acquire four properties over the past three years, and she's looking for more. Read more…

10 Reasons to Invest in a Condo Today and Get Your Foot on the Lucrative Property Ladder Posted By : James Condo

15.08.2010 00:01

There are many ways to make money and we are constantly being blasted by email, TV, magazine ads and every other form of communication used today by people telling us they have the secret to getting rich.


The world economy is changing, but a look back in history will show you one thing, the way to make money over time is through Real Estate, more millionaires have been made through property than anything else. There are of course the exceptions who have made a fortune on the stock market or other risky methods, but these people are really few and far between, how many do you personally know?

On the other hand most people know someone who has made money from Real Estate, it is definitely not the place to make a quick buck, but over time property is king of the moneymakers.

Many of us are scared of getting into the property market, but this is the fear that keeps people poor, you do not need to have a huge sum of money to get into Real Estate, you can start small with something like a Condo, and then gradually move up. Some people will tell you that you cannot make money with Condos, but many people, myself included, have made several thousand dollars on just a single Condo sale, just by living in the Condo for a few years and moving on.

The market has taken a big hit recently, but as always it will come back in time. I do not have a crystal ball and cannot tell you the future, but if history has taught us anything, now is your opportunity to get into the market by purchasing a Condo and sitting on it for a few years, when the market comes back you will make money as long as you buy wisely and do proper research.

So why should you invest in property right now?

1. The market goes in cycles, now is a down period, these are the times when the money is made

2. Buying wisely can give you equity as soon as you collect the keys, this will grow as the market comes back

3. Property investment is historically proven to be much less risky than gambling on the stock market, of course there is still a risk, but it is is much less

4. More millionaires come from property than any other form of business, getting into an area like Huntington Beach, California is a great way to start

5. A lot of people want to sell right now for one reason or another, there is a lot of inventory but not so many buyers, you can get a a good deal if you find the right place

6. You do not need to get in your car and drive all day looking at property, over 80% of buyers use the Internet these days, pick out the ones you are really interested in so you do not waste your time

7. The range of properties for sale is huge in California, markets that were unobtainable for many of us, like Huntington Beach in California are now affordable

8. Realtors are hungry, gone are the days of properties selling themselves, they need your business and are prepared to do more to get it, and sometimes even drop their commission on bigger sales

9. Financing is harder than it once was, but this is also a positive thing, it should help prevent people buying property they cannot afford, and make the chances of another crash less likely, keeping your equity safe

10. Historically low interest rates mean buying is better than renting, why give your money away each month when you can invest it in both you and your families future?

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