Business & Finance Renting & Real Estate

Ask Your Property Investment Consultants These Questions If You Want to Succeed

Many investors in the stock market are taking large losses in recent years, and many have somehow lost their faith in their financial advisors. Some are planning to leave their advisors altogether in order to find someone else who can help them move their stock investment into an asset with high safety net, such as real estate.

Now the question is, how does wary investor find a property consultant that is reliable, experienced and knowledgeable in what he is doing?

The answer is simple: ask the right questions.

The following are five questions property investors should be asking their prospective consultants in order to ensure success in their next investment endeavour.

1. How long have you been in the industry?

Wine gets better with time. The same can be said for property investment consultants. Generally speaking, the more years an advisor has in the field, the more clients he has worked with, and the wider the range of investment properties he has handled, the more he is able to give you better advice. Off course, that's not to say consultants with only a few years of experience can't give you good advice. What we're trying to say is, experience does make a big difference.

2. Do you have specialised knowledge in the kind of investment I am planning to make?

Property investment consultants are generally well rounded. However, if you are looking to buy a certain type of property, such as overseas property or fractional ownership share, you would want a consultant with experience in this specific field. Even better if the consultant has invested in the same kind of asset you are planning to purchase.

3. How are his previous clients performing? Past performance is a reliable indicator of future success. So, if possible ask his previous clients on how his investment advice has helped them so far. Don't also forget to ask him how he made recommendations during boom periods as well as during difficult market situations.

4. Do you conduct due diligence? While property consultants are considered experts in their field, there have been a few cases where the experts themselves have fallen victim to a dishonest scheme due to failure in conducting due diligence. So, during your initial meet up, don't hesitate to ask your consultant about the steps he takes in verifying the existence and availability of property and is checking the protection of bank accounts to which money is deposited.

5. What is your commission structure? Now, this is very important because if the consultant receives higher percentage of commission from a certain developer, he may limit your investment choices towards that developer's projects. This will prevent you from finding a property that best matches your investment profile. So, make it a point to ask about his commission structure and if he can recommend you to developers that are not within his package.

For more practical tips and advice on real estate investing, check out BAP property investment consultants now and sign up to receive our free e-book.
SHARE
RELATED POSTS on "Business & Finance"
Flagler - Florida Commercial Properties
Flagler - Florida Commercial Properties
How to Interview a Realtor
How to Interview a Realtor
Florida Real Estate - Home Acquisition Tips That Will Work For You
Florida Real Estate - Home Acquisition Tips That Will Work For You
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
How to Get Comparable and Low-Priced Houses Among Troy Homes for Sale
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Underwater Mortgage Foreclosure Options - Yes, You Have Them and Here's What They Are
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
Make Money Wholesaling Luxury Homes - Selling Even 1 Home Can Make Your Life Easy!
The best Community Management in San Diego
The best Community Management in San Diego
Selling Your House in a Buyers Market
Selling Your House in a Buyers Market
Eco-Friendly Qualities to Look for When Buying a House
Eco-Friendly Qualities to Look for When Buying a House
Search Suitable Property in Chandigarh through Free Classified Site
Search Suitable Property in Chandigarh through Free Classified Site
Points to consider before investing in property buys
Points to consider before investing in property buys
Moving to the Right Neighbourhood in a New City
Moving to the Right Neighbourhood in a New City
The Home Inspection Period
The Home Inspection Period
How to Protect Rental Income
How to Protect Rental Income
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Commercial Real Estate Teams - Setting Sales and Listing Targets That Really Mean Something
Photographing Properties For Sale
Photographing Properties For Sale
Flats Available For Sale In Eldeco Magnolia Park Noida
Flats Available For Sale In Eldeco Magnolia Park Noida
Greater Cash Flow, Greater Returns- Investing Across State Lines
Greater Cash Flow, Greater Returns- Investing Across State Lines
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Top Factors to Consider When Looking at an Online List of Home Foreclosures
Foreclosure Help is on the Way
Foreclosure Help is on the Way

Leave Your Reply

*