The most common mistakes new property investors are making
Property can almost be considered the ultimate risk-reward investment - for every success story and pathway to financial freedom, there is also a tale of catastrophic and costly failure. Buyer’s agent and author Lloyd Edge shares the most common mistakes made by first-time investors.
Property investing can be anything but a smooth ride if common mistakes are made. Photo: Shutterstock (Image source: Shutterstock.com)
Property can almost be considered the ultimate risk-reward investment - for every success story and pathway to financial freedom, there is also a tale of catastrophic and costly failure. Here are some of the most common mistakes made by first-time investors.
Not having a plan
Even in a booming property market, you can’t just buy “any” property and instantly retire. Sure, you may earn some cash in the short term if you’re lucky, but it will get …
