Do you buy an investment property in an area you want to live?
My top 3 things to consider –
1. Does it become an emotional decision rather than a business decision? Decisions made emotionally tend to cost more.
2. Do tenants require all the luxuries you do?
3. If you’re looking at living in this property down the track, will you change your mind, as your ideas and circumstances are likely to change?
When it comes to buying an investment property it’s important to find out the requirements of the tenant, rather than you’re own personal living needs.
When it comes to Property Investing, Always ask the questions… and Explore the possibilities