The 11 Best Tips For Buying Your First Investment Property
LOOK AT 100 Properties
Make Offers on 10 Properties
Have three offers accepted
Buy One Property
Tip 2 Research The Area for rental returns and capital growth.
Tip 3 Don’t believe the real estate agents, If they say it is a great investment or there are other offers don’t always believe them. Get a valuation from other agents.
Tip 4 Conveyancers VS Solicitors depends on the property.
Tip 5 Get a building pest infection inspection done especially in warm countries.
Tip 6 Don’t get emotional about the property or you will overpay for the property.
Tip 7 Set your investment goals before investing in property, how much do you need profit from each property to make it worth your while.
Tip 8 Talk to your neighbours find out about the street about the neighbourhood etc and see what kind of people they are.
Tip 9 Do not be in a hurry to buy it.
Tip 10 Do the cashflow analysis before buying a property.