Why pay Fees for Learning to be a Property Investor Tip 1

Choosing the right investment property comes down to knowing what you need, knowing what you can afford, and knowing exactly what’s available at the time you are ready to buy.

While property investing may be simple, it’s not easy and that’s not a play on words, because many investors end up paying a huge "leaning fee” that they didn’t expect.

You see… many new investors think, or are often led to believe, that bricks and mortar is a safe and easy investment and they find out the hard and often expensive way that property investment success is not so easy.

Here are "learning fees” I’ve seen investors pay:

The "Oops, I bought the wrong property "learning fee”

You buy a home to in live but within a short time it just doesn’t "feel right”.

Or you buy an investment property and realise it’s a dud.

Did you know that statistics show 20% of investors sell up their property in the first year and 50% in the first 5 years?

So, you decide to sell within the first year or two and regardless of what price you sell the property for, you need to remember the huge costs associated with buying and selling real estate.

There’s the stamp duty when you bought it (plus the stamp duty for the new place), legal fees when buying and selling, selling agent commissions and marketing costs and, of course, the cost of moving twice in quick succession.

This means your learning fee is likely to be tens of thousands of dollars and potentially into six figures when you take into account lost opportunity costs.

Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property


RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 16 October 2020

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