Property Investment - Understanding Opportunity Cost
Understanding the Opportunity Cost of any decision you make is critical to ensure you make the best choices to maximise your profits, and ultimately your long term earnings.
While most investors have got involved in property investing because they understand the opportunities to make money through leverage and capital growth or high yields, I still see and hear of many who do not fully understand opportunity cost and therefore do not maximise their profits.
Remember anyone that gets into property is usually in it to generate money or income, how many deals/properties you own is insignificant, but I meet some investors who feel it is all about buying as many properties as they can and never selling, irrespective of performance or other opportunities. (more…)
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