18/05/2023
The real secret to real estate investment?
There is no secret. You just need to plan ahead. Besides all the factors considering a good buy, location, economic market, landed or condominium, you need to plan your exit strategy to realise your profit.
Plan for your exit strategy before entering the investment. Determine how long you intend to hold the property and how you plan to exit, whether through a sale, 1031 exchange, or passing it down as an inheritance. Having a clear exit strategy will help you make decisions aligned with your long-term goals.
Tips: For leasehold properties, it is recommended to sell after 20 years you can already realise your capital gains then.
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