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If you only work hard on your job, you’ll never get rich – that’s a fact! Michael Yardney, director of Metropole Property Strategists, discusses the importance of capital gains, how it can make you rich, and how to minimise risks. The US Internal Revenue Services reported that of the hundreds of big earners in America, 45.8% got their wealth from capital gains.

Yardney also shares his 4 strategic approach to property investing that’ll reduce risk and increase your chances of getting higher capital gain. His strategy includes choosing unique or special properties priced below their intrinsic value located in areas where there’s a long history of high capital growth and refurbishing them to maximize gain.

Although you can’t succeed most of the time, by following Yardney’s strategy, you can minimise risk and profit from your property investment. You can also try and revise other property investor’s advice to become your own. You can learn how to do it only if you do it.

You can read the whole article here.

What criteria do you use when choosing your property investments?

Australia is living its dream of being the land of the largest properties but at the same time it is doing equally well for a horde of small one-bedroom units. Michael Yardney for the Property Update writes how such properties are appealing to the 4 chief types of buyers:

Managing your own investment property could have its advantages and disadvantages. What a landlord like you should keep in mind, however, is that saving money is not always the best option. Sometimes, it could cost you much more in the unforeseen future. So, here’s a list of advantages if you hire a property manager.

It’s a fact that investing isn’t easy, especially for those who are afraid of taking risks. If you’re an investor, you might be interested in what Michael Yardney, director of Metrolpole Property Strategists, says about the reasons why your investment is doing badly. Yardney highlights the 10 most common mistakes newbie investors make that regularly result in losses. He also indicates how pro investors overcome these mistakes to accumulate profits.

There are no fixed rules on how you can succeed in property investing however there are some valuable advice from those who succeed. Although you can’t emulate all the things that they do, you can have a basic understanding of how the world of investing works. It’s part of the process to commit mistakes. Whether it’s a few dollars worth of mistake or a thousand dollar worth of mistake, the only thing that matters is the lesson you’ll get from it. Once you know what won’t work, try something else. Never stop trying and learning. Just be sure you minimize the risk of failure as much as possible.

You can read the whole article here.

As a property investor, what advice would you give a newbie investor today? How do you take good care of your property investments?