Many people will never realise the best investment ideas are usually the simple ones. One of the secrets though is knowing where to go for the lowest risk but with the best return.
Forget the current downturn for a moment as property prices do increase nicely over the years. You can still make a decent low risk investment out of property.
When looking for a good property investment remember the age old adage, LOCATION, LOCATION, LOCATION. Location is the number 1 factor when looking at property investment.
Property prices usually double every ten years in the UK. You can make the most of your property investment knowing this. Great investment ideas are usually the simplest and property is one of the simplest, and best.
Let me spell out a quick example. We'll keep figures nice and round for ease of calculations. Buy a house for 150k and 10 years later it should be worth double that, 300k.
If (in the above example) buying on a mortgage you should shop around for the best deals as even a little saving on your mortgage rate could mean a big cash saving. It's always a great idea to have some cash at hand in case another great investment idea comes along.
**If you want to learn how to reduce your mortgage by years you can use our mortgage overpayment calculator and be shocked at the result**
Back to the article proper.
Try to get the best mortgage rate you can. Shop around and change if you have to as it could make a huge difference later on. The mortgage is a key factor in any property investment idea.
So many new investors are caught out by the peaks and troughs of the property market. They get in late and buy at a peak. Then panic and try to sell in a trough. This is a guaranteed way to lose money and confidence.
Going back to the phrase, simple is usually best, you need a system to work from to maximise any chance of great returns. If you are looking at property, here's a simple formula...Get in on a trough, get the best location you can, get the best mortgage rate you can, get the best management team you can to manage rentals.
For centuries it has been proven that the best ideas are the simplest with the wheel being a prime example. Don't get caught up in a myriad of detail while searching for investment ideas. Keep it simple! Click the following link for great investment ideas.
