Investment in money markets, insurance policies, shares, and other financial growth markets is one of the most popular places people put their money. When you invest in shares you face the risk of losing some of your money as market forces change with time. Other times you can make a kill if you have taken your time to study the market and every time you cast your net you make money.
Most millionaires across the world have grown their money from little income to pipelines of cash flow that you could not imagine through interests in these major investment opportunities that the world has to offer. In Kenya today the Jimnah Mbaru’s and the Chris Kirubi’s, the Kamresh Pattni’s and other renown investors have interests in the stock market, money markets and one rarely spoken about area, the area of real estate.
Land of all other assets has proven over time to grow in value every time with the growth in infrastructure, value addition to property is influenced positively by almost every other factor of development. A new road will triple the value of a piece of land overnight, a new hospital the development of your neighbours plot will add value to your property. Financial institutions have taken business to the next level with the purchase of larger chunks of land and putting in place the infrastructure that is required to add value to the land then subdividing and selling serviced plots.
Growing your money does not have to be an uphill task talking to people in the real estate business can help you make the task effortless? Talk to your realtor about the history of property appreciation in your prospective area and the foreseen appreciation due to proposed infrastructure developments or the increase in demand for land in the area.
Before putting your money ensure there are no counterproductive factor such as mushrooming of slums, increase in insecurity, open sewers and bad roads. Buy far from existing developments and closer to proposed developments, this will keep you buying price low and selling price high.
Remember profits are better than wages; wages help you make a living while profits help you make a fortune.
In real estate you don’t wait to buy, you buy and wait always buy before others and be sure to bargain, when you buy early you set the market price for subsequent buyers. Remember to carry out due diligence for any property to ensure that your capital is safe not every too good to be true deal is true. Keep your eyes open and grow your money like grass.
