Compass Real Estate > Cambodia Real Estate Information > Warren Buffett: I like buying land and buy it for keeping a long time.

Warren Buffett: I like buying land and buy it for keeping a long time.

2019-08-12
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Summary:A father of investors who has bought stock since 11 years old, millionaire Warren Buffett is an investor different from the average investor with a long-term perspective. As a real estate investor, he said he likes to buy land and keeping for long term.

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A father of investors who has bought stock since 11 years old, millionaire Warren Buffett is an investor different from the average investor with a long-term perspective. As a real estate investor, he said he likes to buy land and keeping for long term.

For buying and keeping real estate (Buy and hold strategy) is a strategy among 5 strategies of Warren Buffett’s real estate investment.

Warren Buffett's investment strategy is to buy real estate for a long time, unlike most investors, and want immediate returns. In real estate investing, you typically have to spend a lot of money on investment transactions, such as taxes, commissions, and other expenses. Therefore, a buying strategy when the property price is rising is a good strategy because it can reduce the cost of investment.

In addition to this strategy, the millionaire suggests that when you invest in real estate, you not only look at property values, but also look at potential extras such as your property should be in a potential area like downtown.

Inexperienced investors are being persuaded to buy real estate in less-developed areas, which think real estate prices will rise quickly. At this point, Warren Buffett argues that in the worst of times, real estate in underdeveloped areas will lose their value first.

Warren Buffett is only buying real estate that you think is best for you and buying property at a lower price. Go fishing where there are no fishermen, meaning that there are no investors; it is your chance, while there are many investors you should not follow. When you buy real estate there, you can buy a lower price and be profitable in the future. (This news came from Business-Cambodia.com)

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