Mistake # 3
INVESTOR INTELLIGENCE
term trends ( such as mass urbanisation ). Watch less financial news on TV ( it is meant to be a show , rather than a true educational platform ) and spend more time researching useful source of information and data like Stats SA .
The biggest challenge for property investors in South Africa at this stage is to fight the negativity and pessimism by those that have never tried or achieved anything big and by those that find great joy in criticising everything and anything .
Mistake # 3
Going solo or doing property
DIY .
I ’ m not referring here to physical repairs or refurbishments , but rather to the temptation of reinventing the wheel and trying to fail fast , fail forward by doing everything yourself . Making mistakes in property is often very expensive and totally unnecessary . Winning in Property is really a sports team . If you love basketball like I do , you need at least a strong starting five .
SA Real Estate Investor Magazine APRIL / MAY 2023 112