Running a consultancy specializing in business and finance matters, as I do, many of the questions I get asked my clients are about real estate.
Should I buy this, should I sell that, is this a good investment, how much profit will I make? Does anyone actually live in houses any more?
I try to give sound advice, based upon all the latest intelligence and info. I can read a graph as well as most people and can see what’s hot and what’s not in any given area. But all the time I need to protect myself in case someone doesn’t make the mark-up they were expecting and decides it’s somehow all my fault. If I could have five bucks for every time that has happened to me I could probably give my advice away for nothing!
Look, get this – property values can go up as well as down. Just like stocks and shares, commodities or elevators. Usually they go up, but if they’re building a nuclear power plant next to the land you’ve just been sold and the guy who offloaded it forgot to mention it, and it doesn’t yet appear on the local authority’s records, then you could be in for a disappointment.
And if you actually knew that but forgot to mention it to me when you asked me for a second opinion, then that is my fault how exactly?
If it helps, most of what I have made from my successful consultancy business is in property. You can take that as a recommendation if it helps. But choose wisely and do due diligence. Make sure you engage the right professional help and that they do all the local research that is after all supposed to go with the job.