3 biggest mistakes investors make when buying a property

Martin Rambow, Tradebusters Academy Expert & Finance for Life

201014 MartinRambow

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One of the first mistakes they make is that they don't have their financial accounts up to date. A lot of investors these days are self employed and they don't realise the importance of having all your financial accounts up to date. That's one. A second one is they're not thinking about the end in mind. It's very important when you're buying an investment property that you think about the term and how long you want to keep that property for and what you're expecting from it with the end in mind. So you then need someone to work through those financial account with you. And thirdly, location I think is probably one of the biggest issues for people. They end up buying things that are off main transport hubs because of the price and at the end of the day it reduces the return.

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