10 property investment mistakes to avoid

Buying an investment property is an aspiration of many. When it is done well it can set you up for a comfortable retirement, help fund school fees, holidays and much more.

Property Investment
  • 27 June, 2018
  • Property Investment, Property Investing

However, as with every investment, there is always risk involved and if you get it wrong you could lose substantial amounts of money.

One way to learn what to do is to look at what not to do. To help you stay on track, here are 10 major property investing mistakes to avoid.

  • Not choosing the right ownership structure
  • Not having a longer term strategic plan
  • Not doing enough research and due diligence
  • Buying an investment with the tenants in mind
  • Borrowing too much money and not planning ahead
  • Not adjusting rent to market conditions
  • Not having the right insurance
  • Not claiming all expenses and using a depreciation schedule
  • Thinking you’ll save money by managing the property yourself

Not keeping and supplying all documentation to your accountant

LJ Hooker NZ

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