A Share Trading Strategy for Properties
An article from the website of Oceanic Services
When investing in companies, investors have at their disposal many strategies to minimize risk and maximize profits. Can such strategies be utilized when purchasing properties?
John Hallandale, 33, recently purchased a house for $15,000. He paid cash for a double block of land with a dilapidated, inhabitable two-bedroom house in Queenstown, a mining town in central Tasmania. Due to its current condition, the property cannot yet be rented, so effectively, John is losing money.
Unconcerned, John views this property as the ‘wild card’ in a property portfolio mix akin to that of a competent share investor.
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