Always know your WHY when investing

Investing in property is exciting and can be confusing at the same time. Below are a few steps to follow to help make it financially safer and emotionally easier.

Understand your reason for investing and what you want to achieve. Once you know WHY. Then you can set a clear path as to how and what you need to do to achieve it.
Be proactive and do your own research, surround yourself with Professionals who deal in the areas of property, loans, accountancy and legals. Ask questions….. Keep yourself financially safe by understanding where you are and what you need to do to get to the next part of your plan.
Start with a price point that you can afford; this will guide you in what suburb to buy and type of property you can comfortably consider.
Have an exit strategy in place.

Investment property can really help you have the lifestyle you want. Remember there is always another property, so stick to your rules. Better you miss out than lock in on a property you cannot afford.

Happy investing!

Did you know? Once you have gone unconditional on a contract of sale you are locked in. If you cannot finalise the purchase then, you will lose your deposit and possibly other costs as well.

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