Whether to buy an established property or a brand new one, is a decision investors have to make each time they purchase – so what do you need to know before you buy?
In this week’s episode, we cover 7 factors looking at an unemotional view of the best investment strategy to discuss the pro's and con's.
Discussion Points:
0:00 Introduction
1:38 Dimension#1: Growth—A new property will always under perform in terms of GROWTH
6:42 Dimension#2: Depreciation—It’s important to understand the ‘land to asset ratio,’ and how your new property is actually going to depreciate
10:34 Dimension #3: Tenant Appeal—A new property does not command a greater rental premium
14:00 Dimension #4: Maintenance—Don’t sacrifice your growth for it
15:40 Dimension #5: Value Add—You can add more value to an established property
16:50 Dimension #6: Trade laziness for educating yourself—trust in the value of knowledge!
19:36 Conclusion: Established properties beat brand new properties every day of the week
About The Host:
PK Gupta is the founder of the Property Investment Accelerator — a course that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time.
Resources:
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