Sunday, December 10, 2006

 

GET RICH WITH BRICKS AND MORTAR!!

Hi Guys and welcome back.......This week I have been mixing business with pleasure whilst sunning myself on Coppacobana beach in Rio de Janeiro. Everything here is Hot!.....The weather, the food and especially the Women!!......Oh my God you better believe it!.....Anyway where was I?
Whilst on my travels this week dancing my way through the Samba Rythm of Latin America, I noticed the huge divide between the rich Brazilians, with their swanky pads, to the really poor locals living in squalor in the overcrowded "Favella" communities of Rio. I began to understand how the Rich get richer and the Poor stay poor. In this world money really does make money.....The more you have.....The more it makes for you. I remember once a wise old man saying to me "Never Sell a Property" and always "Use Other Peoples Money" to buy property.
I have read many books on Property Development and Investing and the power it has to make you Rich!! One of the best sources of information I found was reading the Rich Dad Poor Dad series of books. These books teach you how to use other peoples money i.e., the banks' to purchase Property and then Leverage upward to buy further property using the equity made from previous ones, through Capital Appreciation.
Historically, property has always risen in value, with only a few blips in the market due to economic conditions. It has always outperformed the Stock Market and so investing in "Bricks and Mortar" represents a very safe and prudent way to increase your wealth. Naturally you have to do things right but by investing wisely......the right place for the right price and in the right location, you can make seriously good money from such "Bricks".

For more information on investing in Property, please take a look at Peter Parfait, property expert:
www.peterparfait.com

One way is to either "Flip" the property.......i.e., buy cheaply, do it up and then re-sell quickly for a profit. The other alternative is to "buy to let" to earn passive income through rentals and keep for the long-term to gain Capital Appreciation.
People are often scared to death of the word "Mortgage"......They think of it as a death sentence......a noose around their neck. In fact a Mortgage is a good Debt to have, whereas a car loan or credit card debt is a bad debt!! The banks love Property and Mortgages because they see Property as a sound investment that will grow in value all the time. They love to lend you money to buy that property, so don't be put off by the word "Mortgage"......It's a good debt to have!! So be bold, take the plunge and invest in that next property..... If you invest wisely, it will rise in value and make you good money.....It could even make you Super Rich!!
That's it for now folks......must dash......The beach is calling!! Please come back next week for more tips from the "Geek".

Please come and visit my websites:

www.digitalebookstore.co.uk
Digital-eBook-Store

This page is powered by Blogger. Isn't yours?