Be sure to acquire the research and knowledge that
will allow you to mitigate your risk and give you the best chance of real success.
FIND THE RIGHT SUBURB, AND THEN THE RIGHT PROPERTY
This is where due diligence steps in.
Around eighty percent of your property investment
success will come from choosing the right location and the balance from buying
the right property in that location.
Research local markets to identify price points,
what buyers want in a home or apartment and all the usual factors such as
supply and demand and times on the market.
Once you’ve pinpointed a suburb with profit
potential, target a property that fits the size of the renovation you want to
Always do pest and building inspections.
You don’t want any surprises, do you?
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Monday, 5 October 2020