You can never retain too much information when it comes to property investment, and Tom Hodson has taken the opportunity to share some common mistakes seen in the world of property investment. The first mistake many people make is not putting enough time and effort into the planning process. It is imperative that you take the time to figure out where you want to be, and how you’re going to get there. Forecasts and rental yield predictions are key players in this step.
Key Takeaways:
- If you’re planning to invest, you don’t want to jump into it without some planning
- Part of the planning stage, the most important part, is research, give yourself plenty of time to do this
- Don’t let the excitement of investing take over your logic, always lead with logic instead of emotion.
“An important part of the planning stage, research is key to choosing the right location, type and term for your off-plan property investment.”
Read more: https://sevencapital.com/investor-resources/5-common-off-plan-investment-mistakes/
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