Yeah right. I believe that it is simple. There are two basic ways to make money out of property:
- The value goes up
- The mortgage goes down
The bit in the middle between these two things is your equity. The hard bits to get right are increasing the value and reducing the debt.
Some people buy in a good area and are prepared to hold on for 20 – 30 years, where during this time they pay down the mortgage on a regular basis.
Others buy a do up and renovate to lift the value and hold as above.
Another option is to buy, do up and flick on.
So as you can see, property is simple but only if you treat it as a business and get a strategy that suits you and your lifestyle.