Top Tips to Successful Investment Property Ownership
I’ve dreamed about owning property from a young age…my Grandmother always talked about how she was left a number of properties and land only to have to divide it and sell it off to pay out her sisters…..
For a young woman to own property in the 1920’s was quite something special…and maybe that’s what attracted me to want to be a property owner one day…
Well…I achieved it…and own property in beautiful Brisbane!…but I must say it’s quite different to what I had always thougth it would be
Lots of little things no one ever told me about…and I hear other investors mention their challenges…
So I’d like to start a bit of a discussion amongst investment property owners and get tips on what works really well and what not so well…
Let me start with this topic: buying from the right Real Estate Agent…
Interstingly….Agents selling Investment property vs Owner occupier property can show a marked difference in service quality…and my experience was that agents I approached when I was looking were mostly intersted in a quick sale…not really if the property was actually well suited for investment.
My personal tips for someone looking for an investment property are:
- Be clear on the maximum price you’re willing to pay
- Know if you want a long term ownership or quick re-sell for profit
- Have a plan and good understanding of what’s required for a renovation project
Unfortunately, I did not enter the investment property market with clear intentions so it’s taken me a whileto find what is best suited for me
Would love to read your comments and experiences as an Investment Property Owner…
Cheers
I walked over the Gatway Bridge when it was first finished…gosh, can’t remember what year that was!!…anyone…?