Not sure whether to post in this section...
Just curious someone mentioned the other day that I was a developer not an investor, I thought this was strange as I thought I was both.
I consider developing property as a business involving projects such as renovating, improving raw land, builds etc.
A property investor is someone who is purchasing property with the intention of earning a return on their investment (purchase), either through rent (income), the future resale/s ...
My point is you can be both, develop property with the view of holding some stock which will generate a return, best of both worlds.
If you develop property and need to sell all your stock for income today then you are not a property investor you are running a business??
I have met a couple of developers who hold nothing, I think this is like cutting your nose despite your face as one of the principles to real wealth is accumulating assets. What do you think??
MTR
Just curious someone mentioned the other day that I was a developer not an investor, I thought this was strange as I thought I was both.
I consider developing property as a business involving projects such as renovating, improving raw land, builds etc.
A property investor is someone who is purchasing property with the intention of earning a return on their investment (purchase), either through rent (income), the future resale/s ...
My point is you can be both, develop property with the view of holding some stock which will generate a return, best of both worlds.
If you develop property and need to sell all your stock for income today then you are not a property investor you are running a business??
I have met a couple of developers who hold nothing, I think this is like cutting your nose despite your face as one of the principles to real wealth is accumulating assets. What do you think??
MTR