We’ve all seen the hard-luck stories on TV and in magazines, showing landlords who are owed thousands of dollars in rent by tenants who refuse to pay up.
Or worse still, tenants who have done a runner and left the landlord’s property in a terrible state.
It’s a sad but true component of property investing. Unfortunately, there are plenty of sharks out there who are willing to take your money and give you very little in return.
As a result, plenty of hardworking, ordinary Australians get burnt by bad property investment deals and unreliable or callous tenants every day of the week.
Many investors worry about these types of situations occurring but the reality is, there is no way to 100% eliminate the risks involved in property investing. You can minimise the risks, however.
My advice is to always do your own independent research and never rely on someone’s word, until you verify the facts yourself.
Don’t believe the glossy advertising brochures that you read, because they very rarely tell the full story.
Never sign any contracts under pressure – if you’re dealing with a reputable company and real estate agent, they’ll give you the opportunity to properly read through the contract and take it to your solicitor if necessary.
Always double check that the rental estimates a property manager provides you with are genuine, especially if they hail from the same office as a selling agent: I always solicit at least three estimates to make sure I’m not being taken for a ride.
And finally, consider investing in your own financial education, as it allows you to build your confidence and learn how to differentiate between “good” and “bad” property deals.
I’ve spent tens of thousands of dollars on my own property and finance education over the years and I still consider it to be the best investment I’ve ever made.
That’s because it allowed me to financially retire at a young age – when I am still young enough to enjoy it.
“Get Started in Building a Substantial ‘Cash-Rich’ Property Portfolio – Book a Property Action Call Today”
If you would love to have a ‘clear direction’ in growing your property portfolio…so you feel confident and in control…
If you don’t have a clear written plan to reach your specific financial goals over the next 5-10 years…
And, if you want to ‘speed things up’ so you can reach your financial goals much quicker….
Then your next best step is to book a Property Action Call, with one of my personally trained coaches…
In your property action call you will…
Discover how you could ‘tailor’ my ‘10 properties in 10 years™’ investing system…to your personal situation
Get a clear ‘snapshot’ of where you are now financially…so you feel clarity and confidence moving forward in leaps and bounds
Discover property investing mistakes that you may be making…that are hidden from your view.
And much more.
I value this call at $295. But it’s yours free because I want to ‘jump-start’ your investing.
The only catch is there are currently only a handful of spots available in the coming week…and they will go quick.