PROPERTY INVESTMENT
Did the investor do all the numbers ? Sometimes the profit is overestimated while the costs are underestimated , leading to crippling losses . Are the renovations budget aligned with the final product or is it this question of fitting a square peg in a round hole ? that was meant to be sold is now being rented out , it is important for the investor to rework the numbers , to ensure that all stakeholders , including the rental property practitioner , are all paid .
CAN FLIPPING INTERSECT WITH RENTAL ?
Yes you can , but generally it ’ s not a very good idea . When an investor goes in with an intention to flip a property , that is the business they are in , but when they buy with an intention to rent it out , then that is a different ball game , and they are ready and focused on that .
However , due to market challenges , sometimes a property that was meant to be sold after repairs may sit on the market for longer than expected , and the investor might be forced to rent it out . Once a property
64 AUGUST 2022 SA Real Estate Investor Magazine