Start Property Investing: The Example Of A 25-Year-Old Co-Owner Of Properties For Over $9 Million

Many people choose to deal with the investment activity to build their wealth. There’re frequent questions, what they should start with and how to diversify a portfolio. Today real estate market is one of the promising ones. That’s why investing in the right type of property, people can earn much money even without a huge experience and connections in the industry. DGY is a reliable real estate investing company, which is ready to resolve any issues and assist every businessman, who desires to invest in property in Ukraine.

The story of one guy

Someone might think that to make a fortune without experience and the sustainable support of sponsors is impossible. There’s a guy, who came from India and proved to the whole world it’s not true.

Many people know Sahil Mehta, who managed to sell his first property when he was just 18, getting a profit of $2 thousand. The guy was a student and worked at Sotheby’s (a company dealing with property in Berkeley). Mehta had been trying to save money together with his brother since 2015. Two years later, the brothers acquired their first house for $950 thousand. The final income from the sale is indicated above, so it was a good start for two young men from India.

By now, the brothers are the owners of five properties, 4 of which they rent out. The last one is used on Airbnb. Their pure income totals about $25,000 monthly. These lucky brothers are not blessed. They have seen troubles and failures. For instance, in 2020, the duplex for reconstruction was purchased. However, local authorities didn’t give permission to transform it into a single-family house. As a result, Sahil lost thousands of dollars. But he didn’t give up and concentrated more on analysis.

What’s the right way to start?

It might seem risky and difficult to start a property investing activity. However, everyone can look at the example of Sahil and even follow his recommendations to try building their wealth:

1. Choose your way (or make a plan). For Sahil, it’s the first and most important stage. There exist various types of investment, so it’s essential to understand, which one you are interested in. When thinking about a strategy, everyone should remember that each property has its own risks and price. Thus, it’s recommended to estimate the available budget, readiness to risks, experience, and time, which can be devoted to the activity.

2. Mathematics rules. Sahil appreciates his experience at Sotheby’s because he managed to learn how to estimate cash flow and possible profit from the property. It’s crucial for any investor to be able to make such calculations beforehand. Being able to organize and manage a budget, an investor can build an effective financial strategy, where all expenses and emergency repairs are taken into account.

3. Think creatively. There’re dozens of platforms, which are used by many people to find a property. It’s better to be more resourceful. For example, try searching for a good offer in real life. Drive across the neighbourhood or visit your favourite district to find a nice property to invest in. It’s also possible to contact real estate agents to know about the offers, which are going to be published.

4. Keep your brain cool. Never hurry up to make a decision, even if an offer seems very appealing. Deep research is always a must to avoid mistakes and losses. Keep analyzing and calculating ROI. It’s better to find a place or a person, who can share the experience to let you know more about the industry. A good real estate investing company will be very helpful.

5. Split the expenses. Two brothers collected the required sum of money together. If you have a reliable partner, you can acquire valuable property faster.

Conclusion

Everyone has a chance to become a real estate investor. However, there’re a few issues, which can influence your success or failure. It’s necessary to be ready to take responsibility, know what you want, and have enough money. To make a profitable investment, contact the agents of DGY. We are a real estate investing company known for the great experience in the industry. Our specialists know the property market, follow the current trends, and can assist you in making a successful property investment in Ukraine. It’s beneficial due to the wide market, affordable prices, fast returns (thanks to great renting possibilities), and many other advantages.