4 Ways to Tackle Property Investment Fears
Fear can hold you back, but learning how to conquer fear is the best way to move forward. Investing in properties is the same as any other new venture in your life. There are lots of fears that once conquered will propel you forward. Here’s a few tips to tackle those Property Investment fears:
Be in the know:
Search out information about your potential investment. How has the area grown? New shops or transportation options? What is the return? Go beyond the basics that your agent provides.
Do your homework:
Understand your responsibilities as a landlord. Rules of the tenancy tribunal can change. This is a good reason to consider using a property manager. They are also valuable in providing local rent demand information before you buy
What’s the worst that could happen:
When you know what the worst scenarios could be, you can know how to handle them. What if your property is vacant for too long, can you afford the mortgage? Are you sufficiently covered by insurance? Will you use a property manager to handle tenant relationships?
Create a set of Buying rules
This will help you be very clear on yield, location type of tenant, price range , property type and size and much more. You will be able to articulate this also to your real estate agent when you are looking at property.
Bricks & Mortgages are here to help you, so book in for one of our Property Investor Strategy Sessions today, either call us on 0800 557 654 or click on the below button to book a time. Let’s tackle those Property Investment Fears together!