LEARN MORE
INVESTOR INTELLIGENCE
with property , from day one . In my experience there are 4 key factors contributing to this :
• Becoming emotionally invested in a deal or a property and not being willing to let go .
• Using asking price for the basis of your negotiation , instead of true comparable sales . And not using great tools like Lightstone Property in the process of doing so .
• Making your offer valid for 7 days , instead of just 24 hours , thus allowing the agent and the seller to solicit and obtain competing offers .
• Relying on inflated guaranteed rentals from developers that distort the true investment returns .
My experience is that half of the “ secret ” to property success is to avoid basic mistakes such as the ones mentioned above . The list of mistakes above is certainly not the “ all-inclusive ” list but you will do well by avoiding them to start with .
LEARN MORE
Real Estate Investor Magazine FEB 2024 60