Property Investment Mistakes To Avoid: In a recent video, I reveal the types of houses I would never invest in, and why smart property investors avoid them at all costs!
In the video, I give you the property investment mistakes to avoid when buying real estate. If you want to learn exactly what not to do, make sure to watch the video until the end.
You can find the video at the top of this page, or on my YouTube channel. If you watch it on YouTube, let me know if you have ever bought these types of properties, and how it worked out, in the comments section!
In this article, I will show you the top 10 property investment mistakes to avoid. This will give you a guide to the types of properties to stay away from as a property investor.
Of course, there are exceptions to every rule. If you are an expert in these types of properties, it is possible to make money from them. The information in this post is based on my experiences, your experiences may differ. Seek professional advice before investing your money.
Before you learn what to do, you need to learn what not to do! That’s why I wrote this article explaining the exact property investment mistakes to avoid. But I need your help to get it out to as many people as possible. That way, we can put more people on a track towards financial freedom!
Please share this blog post on social media. Sharing our content makes a massive difference, and a huge thank you to all who do!
1. Property Investment Mistakes To Avoid: Listed Buildings!
When you buy a listed building, you don’t really own it. What you can do with the building is very limited, and you need to get permission for a lot of things.
2. Flats With High Service Charges!
When people buy a flat they often forget about the service charge. Sometimes service charges can be astronomical! This cuts into your profits, and makes it hard to sell.
3. Static Caravans!
If you are searching Rightmove, and choose ‘cheapest listed’, you will likely come across static caravans. However, unlike houses, they depreciate over time. You are better off using your funds as a deposit on a house!
4. Shared Ownership!
Shared ownership is a trap! You take on the maintenance of the property, while still paying rent. If you want to sell, it is very hard to find a buyer!
5. Property Investment Mistakes To Avoid: New Build Properties!
You pay a premium because the house is new. This means once you buy the property, it will likely go down in value.
6. Retirement Properties!
Retirement properties are often cheaper than other options, but they also normally come with a bunch of fees and restrictions that make them bad investments!
7. Flood Risk Properties!
If a property is in a flood risk area, this can have serious ramifications. It could impact whether you can insure the property, and the rate you will pay to do so, for example. Speak to an expert before buying this type of property.
8. Property Investment Mistakes To Avoid: Homes With Bats!
Bats have more rights than tenants! If you have bats living in your property, you can’t simply remove them. You will need an expert to come in, and potentially re-home them!
9. Pylons In The Garden!
If you have electric pylons in the garden, this will put off many tenants. It will also make the property hard to sell. On top of this, there may be a health risk to the occupant. Avoid!
10. Property Investment Mistakes To Avoid: Non-Standard Construction!
Non-standard construction properties can be hard to mortgage. Speak to an independent expert before considering buying this type of property!
Free Property Training Webinar!
Now you know the property investment mistakes to avoid, it is time to learn what you should do to make money with UK property. Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
