Updated: Jul 5
What do you think of this property?
Is this a good investment?
If you’re asking this question, then you are a few steps ahead of yourself and need to go back to the basics before making a decision.
Unfortunately, not us or anyone is able to give a useful answer to this question without knowing in detail your goal & strategy & if you were 100% clear on the two yourself the answer would be clear.
Any person could tell you why it would be right or wrong for then however there is a high chance you don’t have the exact same goal & strategy.
This is actually the number one failure point for most newbies, they buy blind and hope for the best, most follow advice from others who are thinking of their own goal and not the goal of the newbie.
If you don’t know where you want to get to and don’t have a map to get there how do you know a random destination is right for you?
Let us give you some examples
Your goal could be
· Having property pay all your bills and for you to be hands free within a year
· Happy in your day job want to build long term wealth in property for the future
· Want to swap what you do daily for property
These goals are so all so different & would require a completely different strategy to
So in answer to the most comon question we get asked, here it is
Be clear on your personal SMART goal
Put a strategy in place to achieve that goal
Then YOU will know if the property is right for you.