Buyer beware – a beginner investor’s expensive lesson

1 minute read

Buyer beware – a beginner investor’s expensive lesson

by Phillip Tarrant 06 July 2020 1 minute read

Hoan Vu Ngo Minh was lucky enough to be gifted a substantial deposit towards his first two properties, but had to walk away from his second purchase after discovering that he’d been fooled into a property seminar scam.

Hoan Vu Ngo Minh
July 06, 2020

Vu joins host Phil Tarrant on this episode of The Smart Property Investment Show to share how he landed at the mercy of a spruiker, what led to the decision to cut his losses at $23,000, and why he would advise other investors, “If you see a rental guarantee, run a mile”.

Vu and Phil discuss the dangers of purchasing off-the-plan property, the importance of always reading the fine print, and Vu’s plans for the next addition to his portfolio.

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Buyer beware – a beginner investor’s expensive lesson
Hoan Vu Ngo Minh
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About the author

Phillip Tarrant

Phillip Tarrant

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for... Read more

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