Tips to invest in real estate
When you’re in your twenties, the last thing that goes through your head is investing in real estate. The accelerated pace of life, the need to be close to your work and friends, as well as the small income that forces you to continue living with your parents erase this great idea of investment in the future of your thinking. But in this risky type of investment adventure is where you can ensure a long-term future. The only thing you have to do is to commit yourself to the long-term vision that will be yours, it will never be devalued and you will be able to enjoy it for the rest of your days.
Start saving
The life of any young person in his twenties is plagued with ant expenses: between parties, movies, school, Starbucks cafes and other enjoyable but useless things. There is a large field of opportunity for savings with benefits. Open a bank account, and allocate at least 30% of your income to the mission: this percentage is the ideal amount that you would allocate to an income, so better save it, while still living with your parents.
Find the land of your dreams
When deciding to invest in real estate, the first idea that crosses our mind is: Mexico City. The market opportunities in your twenties are limited. Let’s face it, you will be dependent on your work, and maybe (from time to time) your parents’ help. Therefore, the real estate field that we recommend you to review is in the province.
Surely by your head will pass a thought: “province, how boring!”, But you will always have a home in the city (your parents’ house that with time will no longer be), so why not choose a cute place away from the urban chaos, where you can build a house and enjoy life outside the city?
Do not rule out the idea of asking your parents for a loan
It will always be easier than going to a bank, and after having projected the risks and profitability, it will be easier to convince them to become partners through financing (just like in any real estate project).
Get advice with a professional in the real estate industry
As a young man in his twenties, you are surely an entrepreneur without fear of investments and commitment in a successful future. Think that this investment, such as starting a business or a project, will be part of your lifetime assets. That’s why we recommend you to get close to a professional in the real estate industry, who will grow your future heritage and get advice from an expert in the field.