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Did you know that 90% of the world's millionaires have been created by investing in real estate? Even so, you can’t just expect to buy a property and see your bank balance grow the next day!
How you choose properties to buy and which investment strategy you use will determine if you’re an investment winner or loser!
You don’t want to end up as the latter, so if you are in the process of buying a property or planning to do so, STOP and take a look at these top 3 property buying mistakes you should avoid.
1. Getting Emotionally Attached
Unlike purchasing a home, It’s dangerous to be emotionally attached to an investment property. Remember that this property is supposed to earn you money. So don’t stick to something that holds irrational value to you.
2. Not Looking For More Options
Don’t limit your options to the first properties you’ve checked. The problem with most investors is they settle with properties they have viewed and just stop exploring more options. Remember that the more properties,
the better as this allows you to get a feel for the market and find a really good deal.
3. Insufficient Property Research
We can’t emphasize enough the importance of property research. This means truly understanding the property area. It includes researching the surrounding shops, schools, hospitals, and transportation.
Additionally, you’ll have to check for existing and potential issues. You'll also need to calculate ROI and yield.
How Can We Help You Avoid These Mistakes?
People tend to make the aforementioned mistakes not because they’re irrational but because they lack time and proper resources. This is where Property Deals Insight comes in!!
Join thousands of successful investors at PDI as they leverage the features available on our site.
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Easily find deals under our Deal Finder pre-packaged expert sourcing strategies like Buy Refurb Sell, Biggest Bargains, Auction Listings, Licensed HMO, and more.
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Discover Below Market Value properties that can provide you with ROI from Day 1.
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Get instant reports and analysis to help you understand the Cash Flow, B2L, rental yield, monthly income, and expected ROI time.
You’ll get all this information in just a click, essentially saving you time and effort in your property search.
Ready To Make Smart Investments?
5 Golden Property Secrets
Don’t be an investment loser! Here are 5 Golden Property Secrets we’re excited to spill.
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If you have any questions or feedback please reach out to us via email - [email protected] or give us a call 02033898222.
Thanks again!
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