3 biggest mistakes investors make when buying a property

By Staff Reporter

Martin Rambow, Tradebusters Academy Expert & Finance for Life

{{youtube id="yLNvLmUhVKk"}}

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.

Listen to other instalments of The Smart Property Investment Show:
Episode 89: Renovating as a couple: two young investors share their story
Episode 88: Everything you want to know about the short-term rental market revealed
Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%