All investments should be rewarding, but when you look at the bigger picture, some investments just don’t work out to how you would like them to. You are taking a gamble when you put your money into something like this, so you’re going to want to go for the investments that are most likely going to make you the most money. The ones that are pretty much easy, won’t require too much effort from you, and ones that you could still do around your day job. Sound like just the ticket for you? Well, we’ve got some great ideas that will facilitate all of these. Have a read of the investment ideas we have below, and see if they’re anything that you would like to consider.
Management Rights
If you haven’t heard of management rights, it’s definitely something you should start looking into. It’s sort of like investing in your own business… only better. Every apartment or block of flats will have an owner. Someone who rents out the flats to the tenants. However, if someone were to buy the management rights, they would have rights to managing the building in terms of maintenance. Maintenance is easy enough to do, if you like doing that sort of thing. But by buying the rights, you’re setting up your own mini business that you’ll be able to make money from. There are management rights for sale all over the country, you just have to know which one is going to be profitable to you. The main thing that you really don’t want to do, is buy rights to a building that’s going to make you no money at all, which is why it’s so important to read up on the things you’re about to do, before you even do them!
Holiday Rentals
We might end up just talking about property in this article, but property is such a good way of investing, and there’s so many different routes to go down, that it would be rude not to! Holiday rentals is definitely something that you should be looking in to. It’s a quick and easy way to make the money that you need to make, and it’s something that can be really enjoyable. There’s plenty of profitable places to buy a holiday home, the mediterranean being one of them. It’s cheap to buy, and easy to rent out for a higher price due to the flow of tourists. You can even use it as a little holiday home for yourself a few times a year!
Home Investments
Investing in your home to make a profit in the future is something you might want to consider. It’s much less work than the other two, but it’s going to take a lot longer to see the results. You could extend to make another room or bathroom, or think about conversions to add value to your property. Then, when it comes to selling, you’re going to have a nice bit of extra money to spend on whatever you need to spend it on!
Want to learn more?
- Just starting out? CLICK HERE
- Been working in your business for two years or more? CLICK HERE
We’re here to help you to take action just like we’ve helped thousands of other entrepreneurs, business owers and creative professionals all around the globe.
Now is the time to let your passion SHINE.
Now is the time to Make Tomorrow Today!
To your success,
Vinh Van Lam & Stuart Horrex
Your Creative Coaches @ CoSydney & ArtSHINE industries
