Top Property Tips For Budgeting and Research…

researchResearch:

  • Go to open for inspections in the areas in which you are looking.
  • Make friends with local agents and keep in contact.
  • Use the internet to research sales.

 

Budget:

  • Make sure you allow for everything – and more.
  • Include a healthy “contingency”.
  • Allow for holding costs and/or vacancy factors if buying for investment.
  • When selling be aware of your minimum selling price.

 

Agree:

  • Whether it is with your spouse or your business partner, you all need to agree to your strategies and have a documented plan outlining what you are hoping to achieve.

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