Showing posts with label rule. Show all posts
Showing posts with label rule. Show all posts

Saturday, November 26, 2022

The 30/30/3 rule should, in my opinion, be adhered to at all times when purchasing real estate

If you truly have the opportunity, I recommend that you take it.
But I recommend you really read a bit more before you put your money in. There are countries where property yields are higher. This phenomenon extends beyond individual states and encompasses entire regions. The determining factor is close jobs and excellent communication. Buying property is an option, but it may not be worth it if it doesn't earn money. I have bitter experience with such properties. The low price lures you in. Yes, but you also freeze that money. Always follow the 30/30/3 rule for buying property as a minimum. This advice applies to both personal and investment purchases. For me, this is the rule for a successful purchase, but I never use credit. The best thing is that if you don't have money for your property investment, you can invest in property management funds.
You have the opportunity to invest a small amount each month. REITs are the best because they are legally required to pay out up to 90 percent of their profits. The little money you have can bring you income. Rather than accumulating it in the bank and letting inflation erode it, you can use it to generate income.

 Author Sezgin Ismailov

Fear of failure is an Obstacle to Pursuing Goals

I recently was browsing through my book titled “ The Wealth in the Great Kingdom” (an exceptionally engaging read, by the way!). and decided...