Property Investing Risks For Beginners In 2019 – and How to Avoid Them
Crossing the road carries risk, but that doesn’t mean you don’t cross. You just make sure you look both ways first. In the same way, all investing carries risk but once you learn what to look for, you’ll know how to move forwards with confidence. This video shows you what to look for.
If you’re someone who wants to buy an investment property in 2019, there are certain things you need to be aware of.
After all, all property investing carries risk.
That doesn’t mean that you don’t invest and hope to save your way towards retirement.
You and I both know that won’t work.
But it does mean that you need to know what to look for in order to minimise the risks before investing.
My philosophy has always been to focus on eliminating or at least minimising risk – and you’ll then be able to sleep at night (which is the most important thing). The rewards will naturally follow.
The 2 biggest risks I see when investing are:
- Market Volatility – You don’t want to buy in a market where prices might rise fast but then fall faster! Consider what happened in mining towns or why so many people who buy a property in a tourism driven area suffer
- Getting your property rented – after all, if you can’t get your property rented, everything goes pear shaped.
So in this video I talk about safety first investing and how to minimise your risks when looking to buy our first investment property.
Check it out and leave me a comment below.t upturn, and you’re going to take advantage of that. Do not buy in a market that’s falling right now, expecting to make capital growth over the next few years because if your long-term is 5 years, 7 years, 10 years, you may find out that you’ve made a decision that actually sends you backwards financially rather than forwards.
July 23, 2021