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Before you buy your next investment property, watch this! In this video, we cover the most common mistakes investors make – and how to avoid costly setbacks that eat into your profits. Biggest pitfalls we cover: Buying too tight – not leaving enough margin for unexpected costs; Underestimating refurb or running costs; Overpaying in hot markets out of fear of missing out (FOMO); Choosing the wrong area – low demand, poor tenants, weak capital growth; Not doing proper due diligence – skipping surveys, relying on agents; Financing errors – poor mortgage terms, using too much personal capital; Lack of exit strategy – not thinking beyond the purchase; Whether you’re new to property or building your portfolio, avoiding these mistakes could save you thousands.
By Azid GungahBefore you buy your next investment property, watch this! In this video, we cover the most common mistakes investors make – and how to avoid costly setbacks that eat into your profits. Biggest pitfalls we cover: Buying too tight – not leaving enough margin for unexpected costs; Underestimating refurb or running costs; Overpaying in hot markets out of fear of missing out (FOMO); Choosing the wrong area – low demand, poor tenants, weak capital growth; Not doing proper due diligence – skipping surveys, relying on agents; Financing errors – poor mortgage terms, using too much personal capital; Lack of exit strategy – not thinking beyond the purchase; Whether you’re new to property or building your portfolio, avoiding these mistakes could save you thousands.