In this post we go through our thoughts prior to putting in an our offer, the negotiation and why taking action and knowing what you want is key. We wanted to close the deal fast and we had good reason for doing so. Our schedule was extremely tight as we wanted to get the house out on the market prior to the peak skiing season. It meant we had less than a month to close the transaction, renovate and decorate the house…..this is how we did it..
What numbers to look at when buying a property can vary from country to country as there might be different taxes, fees and levels of costs but in the end the key is to make sure you have accounted for everything you can expect. If it still is an interesting deal, then you might want to proceed but don’t just jump on the first one that comes up and there are some globally generic numbers to always look at and those are the ones we go through in this post as well as how to use creativity to improve the numbers:)
Buying a property part 1 outlines the thoughts and analysis I go through prior to buying a property. I am pretty sure you will find some valuable insights as this is based on a live case and our own thoughts during the process.
Passive income investment means that you make investments once and then just keep them, potentially for life and just enjoy the cash-flow (dividends and coupons). Investing is one of the easiest ways available to generate passive income (cash-flow) and as no one can live of assets, we all need cash-flow to pay our bills. Why not look at this passive way of making your money work for you whilst the cash is rolling in!
Yes, low costs are key to creating wealth. This is especially true if you want to make sure it happens without you busting your balls to climb the career ladder and only focus on money. Actually, even if you do, there is no guarantee that you will have money nor wealth just because you make a lot of money. I know a lot of people with good salaries who still feel they have a lack of money…