If you’re a first-time investor, champing
at the bit to purchase the first property in what will (hopefully!) become your
wealth-building real estate portfolio, it can be a daunting task knowing where
to start.
There is loads of advice out there on how to go about
it, but possibly even more important than the "how-to” is the "what not to do”.
These are the big mistakes to avoid at all costs when
you take your first foray into property investment. They include but are not
limited to…
Buying with your heart, not your head
Buying an investment is not the same as buying you
forever home.
You don’t need to love the property, you just need to
make sure the numbers and figures stack up, so leave your own likes and
dislikes at the door and focus on capital growth drivers and make sure you buy
an investment grade property in a location primed for strong long term capital
growth.
RealRenta has all the tools that a property
manager has, but at over ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a
week to manage your rental property
RealRenta also has a free vision, so why not check it
out
Jason Gwerder
Thursday, 2 September 2021
