Millions of New Millionaires! Property MEGA BOOM Continues
The property market continues to boom despite the many lockdowns and other restrictions that have been in place. Central Banks have flooded the system with cash, and that money has flooded the property market, which has pushed up prices. Beyond that, because people have been stuck in their houses they are now more than ever focused on making sure it is one they want to live in.
Right now, if you are holding your money in cash at the bank, you are watching your purchasing power be drained away. On the other hand, if you hold your money in property and other assets, you will be seeing your money increase. Right now, you simply cannot afford to sit on the sidelines. If you have been watching my YouTube videos and haven’t taken action yet, now is the time. The wealth divide is only going to get bigger going forward.
In this article, I will explain why, and what you can do to make sure you are on the right side of that divide.
Millions of New Millionaires!
- 5 million new millionaires worldwide last year, according to Credit Suisse
As the property market soars, millions of new millionaires are being created. Last year, 5 million new millionaires were created according to global investment bank, Credit Suisse. There is no shortage of money out there, not least because the Central Banks keep digitally printing it into the economy!
That means that there is no reason whatsoever that you shouldn’t take your slice of the pie. If you make £100k profit on a deal, that is nothing in the grand scheme of things. It wouldn’t even be noticed in terms of the entire economy. Once you realise this, it allows you to think bigger and understand there is no shortage of money available for good deals, especially right now.
On the other hand, if you do nothing, your money will lose value over time. This is because the more money that is added to the supply by the banks, the less each pound is worth. That is why the wealth divide will increase; because those on lower incomes typically keep their money in the bank, while the rich buy assets. Now is the time to decide which camp you want to belong to.
Record High Asking Prices!
- Asking prices for UK property have hit record highs for the third month in a row, according toAs asking prices go through the roof, the opportunity for those that can find deals increases. Even if you don’t have the capital to buy yourself, if you can negotiate deals in this market, you can easily package and sell them as a deal sourcer or raise capital from a joint venture partner. This is a perfect time to position yourself as an expert and begin profiting from the boom, even if you are starting out with very little.
If you know where to look and what to say, it is very possible to get property below market value right now. If you don’t yet have this skill, it is something worth acquiring quite quickly. I can certainly help you gain these skills. If you would like to discuss what we can do for you in this regard, please do book a free call with one of our professional training advisors.
Rental Incomes Soaring!
- From the last crash until now, rental income is up 68%
It’s not just property prices that are shooting up, more importantly for property investors, it is rents as well. Rents tend to go up relatively steadily over time, meaning even if house prices do take a tumble, you can still benefit from the rental income. This is why I always say to buy for cash flow and not to rely on capital appreciation. With a cash flowing property, you can hold the asset through any dips and come out the other side better off.
Even if this wild ride comes to an end soon, if you invest correctly, you will be well placed to continue to profit during any downturn. The most important thing you can do right now is first, become educated so you can find the right deals; and second, take massive action to ensure you don’t miss out!
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