Thursday, January 14, 2010

Buy and then sell for a quick profit

Buying your property and quickly selling it during a boom period is a good way of making a decent cash profit which you can use to provide you with an income source. Or you can use that cash to make a down payment for another property. Not all properties that you buy will be good for a quick sale. The strategy for making money from property is a combination of holding, renting out and then selling for a profit. If you buy, say a RM200,000 property and then selling for just a RM10,000 gain after holding for a year - then that's not the property you want to buy to make a quick sale - you are probably better off renting it out and sell it much  later for a higher profit.

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