Do you know you can maximize your profits in real estate investment with a slight relocation? This is according to Gareth Henry, a specialist in Private Credit and Hedge Funds.
Don’t think being a renowned business tycoon will automatically increase your profit in real estate. Think of changing the purpose of your property, and you can be the next billionaire in the coming years. Wondering how? Follow the following guidelines and expect better returns as proven by Gareth Henry.
Value your potential
Since in repositioning you can modify the quality or rationale of your property, it can apply even in your residential home. You can remodel it to fit in the kind of business you want and expect better returns. Gareth Henry on Quantitative Investing.
Know your objectives
In repositioning, you have to think of a number of things, as it’s not a temporary affair. If you are located in areas like San Francisco, New York and Silicon Valley, you have to think of shortage of the assets in those regions.
The asset can be either commercial or residential property depending on your target. For instance, as Gareth Henry explains, if the price of asset in single square foot is $3000, each angle of that property must yield highest returns as possible.
Ways of repositioning your single family property.
Wondering how trivial repositioning can make you a billionaire? Follow these guidelines.
• Change the exterior
You can change the outward appearance of your property and make it look modern. Do this by simple painting. This can attract well paying tenants and increase your profit within no time.
• Change the structure
You can construct things like swimming pools, gym and children’s play grounds which is quite simple and can maximize your returns.
• Change the running criteria
You can change the way you operate your property. This can be by changing the managers and the agencies that run your property if they are troublesome. You can also get rid of tenants who cause trouble to other tenants.
There is no guarantee of succeeding in any business. However, as advised by Gareth Henry, it’s always profitable to think of repositioning in your real estate investment. For realistic expectations, have a good plan and conduct a thorough research on how to reposition successfully.
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