Investment Horror Stories Are Avoidable!
We’ve all heard the horror stories of people getting stuck with a poor investment or having troubles with their property. Actually in most investment horror stories the tenants are usually the main subject. (We’ve all seen the ‘Tenants From Hell’ type stories on A Current Affair or Today Tonight, where they have skipped town, after not paying their rent for months and trashed the place before they left.)
But – it doesn’t have to be this way, with the right steps taken to protect your asset and all round wealth.
Be Informed
Ill informed investors can fall victim to questionable property spruikers who may not be transparent or independent in the service they provide or consider how a particular investment fits you and your needs.
For example, purchase of a one bedroom apartment in an area which has strong demand for 4 bedroom homes, may greatly affect your ability to tenant and grow value in the asset.
Don’t Believe All the Hype
Unfortunately some property spruikers will still encourage you to buy this sort of misfit investment if it’s all they have available in your price range – even though they are aware the demand for the 1 bedroom apartment is not there.
Planning Property Wealth was born as a result of the founders passion to take more control, understand property can maximize wealth and included his desire to provide others an opportunity to walk the path that suits them.
Avoid an Investment Horror Story of your own. Talk to us to find out more about how we can assist you on your path.