Buyer beware – a beginner investor’s expensive lesson

Hoan Vu Ngo Minh was lucky enough to be gifted a substantial deposit towards his first two properties, but had to walk away from his second purchase after discovering that he'd been fooled into a property seminar scam. Vu joins host Phil Tarrant on this episode of The Smart Property Investment Show to share how he landed at the mercy of a spruiker, what led to the decision to cut his losses at $23,000, and why he would advise other investors, "If you see a rental guarantee, run a mile". Vu and Phil discuss the dangers of purchasing off-the-plan property, the importance of always reading the fine print, and Vu's plans for the next addition to his portfolio. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email [email protected] for more insights!