Buyer beware – a beginner investor’s expensive lesson
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.
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”.
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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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