Cheap property for sale offers Mr Average a way to build wealth and build wealth quickly.

If you can buy cheap property for sale in the right areas there is no better way to build wealth with low risk.

Let's look at some rules for buying cheap property for sale and how to turn them into expensive property for sale and make big gains!

1. look overseas

We now live in a global economy and people are travelling more than ever and home purchases by North Americans and Europeans in countries outside of their country of residence are at an all time high.

Why?

Because property is cheaper and many people want to get an affordable second property and in most cases its sun, sea and sand that attracts them and an ocean view, so this is the type of property to focus on.

Buy in the right places and you will find that making 30% per annum is common and 100% per annum is achievable.

2. Buy an established location

If you are looking to buy cheap overseas property don't buy the cheapest!

Why?

Because it's cheap for a reason no one wants it.

You can get some great deals in Haiti at the moment but don't bet on making any money.

Look for a market that is cheap in relative terms and but is showing rising overseas investment and an established track record of having made some gains.

Good examples are Panama and the favorite of most Americans Costa Rica. These countries have had several years of booming prices but there is still more to come and its a safe investment in terms of local law.

Keep in mind property boom markets rise for decades not just a few years.

With ocean view property still 70% below equivalent property in the US There is still plenty of upside.

You can be a pioneer and buy a new hot spot, but remember some pioneers got rich, however most got arrows! Play it safe - There are still big profits to be made without taking unnecessary risks.

3. Location, location, location!

Even in boom countries you can buy property that will never rise in value. The best way to buy is to look at the infrastructure that's coming.

Look for expanding infrastructure such as roads, marinas and airports, that will attract people to the area. Get in quickly and buy cheap property for sale before it rises in value.

When the herd come you can sell out at a profit.

Never buy a location simply because you like it - Pick one that has sound reasons behind it to rise in value.

4. Cautions

When buying cheap property for sale make sure you get local help.

Property laws and customs vary and in many countries you may find out that your property for sale investment is not secure and tat different rules apply to overseas buyers.

Play it safe and look for countries such as Costa Rica that give you the same rights as residents.

In conclusion get local help it will save you money in the long run.

Cheap property for sale overseas offers huge gains that simply are not available in more established countries so to make money in property take a look over the borders and you will see many great investments in cheap property for sale that could make you serious money.