Often, when we view a property, our considerations involve our own perspectives, likings and taste. We're actually basing our decisions on whether we'll live in it, rather than what potential tenants are looking for.
One of the biggest mistakes most investors make is buying with emotions, regardless of what type of investment they are doing.
Most purchase because they like the product, somebody they trust recommended them the product or they buy because of FOMO. Jumping in the bandwagon such as investing Bitcoin is a great example right now!
In this episode, join the boys of TWP Alliance - Paul and Rob, sharing some of the signs that you're investing with emotions and some tips to move into value-add for your potential clients/tenants. If the deal isn’t right, it isn’t right! Don't worry about the FOMO! Its all about doing your due diligence and relying on the numbers.
If the deal isn’t right, it isn’t right! Don’t worry, other deals will come along. Its all about doing your due diligence and trusting the numbers.
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