Fears that Stop Would-Be Property Investors in their Tracks
Perth financial planners are often asked to oversee real estate portfolios for those who decide to use real estate as an investment strategy. As with any investment vehicle, real estate isn’t for everyone. In addition, we are not allowed to provide advice in this blog because everyone’s financial situation is different. However, we would like to tell you about four fears that often keep people from including real estate in their investment portfolios.
Fear of Paying Too Much
The axiom “buy low, sell high” has probably been around for as long as people have bought and sold things. Some people get so bogged down in research that they can’t make a decision to buy any particular property. Research is important, but so is action.*
Fear of Buying the Wrong Property
People are also afraid of buying the wrong property. This could be the wrong house or the wrong neighbourhood. This can often be overcome by creating a firm plan and sticking to it.*