The "I got eaten by a shark” learning
Here we have Mark
and Sue, a couple of 25-year-old who charge off to one of those investment
property seminars that promise you’ll make a million dollars in six
Instead, our bright
young things end up knee-deep in cashflow tables, bank documents and a
signed investment home contract that results in their off-the-plan, out of
town, so-called whiz-bang investment property growing at a miserable 1.3 per
cent per annum over the next 10years.
The learning fee in
this scenario is especially scary as that "shark advice” could end up being a
millstone around their necks for many years.
They may not be
able to offload that property without making a significant loss and therefore their future lending capability may be severely compromised.
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
Wednesday, 21 October 2020