My wife and are looking at property trading as our next plan.
As we are beginners in the trading sense of property (own our own house and one buy+hold) we thought best to wait until a rise in the property markets as a rising tide can hide a multitude of sins. Buying in a flat market might catch us out.
For those that started trading, what kind of market did you begin in? Would you have done it differently if you had your time again.
Our plan is;
Beginning flat market (such as now) - focus on paying down debt and improving current property
End flat market- yields will be higher so look to purchase buy + holds
Beginning rising market- delayed settlements, new builds, begin property trading.
Middle/end rising market- sell off trades, quicker turn around trades.
Rinse and repeat.
Thoughts?
As we are beginners in the trading sense of property (own our own house and one buy+hold) we thought best to wait until a rise in the property markets as a rising tide can hide a multitude of sins. Buying in a flat market might catch us out.
For those that started trading, what kind of market did you begin in? Would you have done it differently if you had your time again.
Our plan is;
Beginning flat market (such as now) - focus on paying down debt and improving current property
End flat market- yields will be higher so look to purchase buy + holds
Beginning rising market- delayed settlements, new builds, begin property trading.
Middle/end rising market- sell off trades, quicker turn around trades.
Rinse and repeat.
Thoughts?
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