There are many lessons you need to Cialis learn if you want to be a successful property investor. One lesson is to ensure you have a checklist on what you are looking for in a property.

We consistently research the property market and continue to read books, articles and subscribe to a property investment magazine. This ensures we remain educated on what is happening in the property market. Self-education and research is conducted regardless of whether we are in the market to buy a property or not.

This discipline has enabled us to fine-tune a checklist of what we look for when buying an investment property.

The checklist has been built as a result of research, education and action over time. A checklist created ten years ago, would look completely different to the one we use now. The real long-term experience of buying and selling property has taught us the ideal types of property most suitable to our long-term, buy and hold, capital growth investment lamina propecia fracture strategy.

Having a checklist means we only need to analyse a limited range of properties. Whole markets of investment possibilities do not need to be considered. A line can be crossed through many types of investment properties that are being sold in the market, if they don’t meet the criteria on our checklist.

We ask ourselves … does the property tick all the boxes? Only if it ticks all the boxes, do we consider the property.

I haven’t always been so confident about what type of property to buy. When we first started investing there were so many questions. Where do we buy? What type of property do we buy? And the fear once we had bought. Did we buy the right property? Did we buy in the right area?

We realised very early on our property investment journey, that we needed to be informed investors. An informed investor trusts his or her own judgement. They make the Tadalis SX purchase because they know it is right for their investment strategy. They do not rely on the opinion of others when making the decision to buy.

Here is part of the checklist we used to buy our most recent property. The property was purchased as part of a long-term buy and hold capital growth investment strategy. Extensive research had already been conducted to isolate the area to buy in. This checklist was about finding the right property within the pre-selected area.

– minimum of three good sized bedrooms
– minimum of two bathrooms
– not on a main road
– double lock up garage
– adequate water run-off (no drainage issues)
– new or only a few years old (for maximum depreciation deductions and minimum maintenance)
– high rental demand
– solid construction retaining walls
– house, duplex or low density
– street appeal of surrounding area
– mix of owner – occupiers and rentals
– not prone to flooding
– recent sales
– fair market price
– meets criteria on personal financial statements
– building and pest inspection approved

Experience has told us that if a property was priced lower than seemingly comparable properties … there was always a reason. Don’t assume it is cheaper because the seller is desperate to sell. Look for the deeper reason, especially if you are buying to hold.

The checklist would need to be tailored to the local market and specific investment strategy. This checklist has been based purely on our own personal experience and investment strategy.

Author Bio: Suzie Crawford works with people who are tired of working for others and want expert guidance on how to make money through property. Register here for free 8-week online Training Program PLUS receive bonuses to the value of $162. http://www.youcan.com.au

Category: Inspirational/Motivational
Keywords: investments property,invest property,passive investor,buying an investment property,checklist,investment checklist