Choosing the right investment property comes down to knowing
what you need, knowing what you can afford, and knowing exactly what’s available
at the time you are ready to buy.
While property investing may be simple, it’s not easy and that’s not a
play on words, because many investors end up paying a huge "leaning fee” that
they didn’t expect.
You see… many new investors think, or are often led to
believe, that bricks and mortar is a safe and easy investment and
they find out the hard and often expensive way that property investment success
is not so easy.
Here are "learning fees” I’ve seen investors pay:
The "Oops, I
bought the wrong property "learning fee”
You buy a home to in live but within a short time it just doesn’t "feel
Or you buy an investment property and realise it’s a dud.
Did you know that statistics show 20% of investors sell up their
property in the first year and 50% in the first 5 years?
So, you decide to sell within the first year or two and regardless
of what price you sell the property for, you need to remember the huge costs
associated with buying and selling real estate.
There’s the stamp duty when you bought it (plus the stamp duty for the new place), legal fees when buying and selling, selling agent
commissions and marketing costs and, of course, the cost of moving
twice in quick succession.
This means your learning fee is likely to be tens of thousands of
dollars and potentially into six figures when you take into account lost
Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
RealRenta also has a free vision, so why not check it out
Friday, 16 October 2020