Many of the problems we encounter with our clients’ property investments were avoidable. Impartially evaluating a purchase before committing to it, getting the right service providers in place, and monitoring every aspect closely and regularly, are all essential for a successful property investment.
When purchasing a property as a buy to let investment, an investor should be aware that the sale person’s motivation is the commission they’ll receive upon a successful transaction. The sales person is unlikely to point out the downsides to the investor; it’s the investor’s responsibility to identify and consider these. Trying to exit a bad property investment can be extremely difficult, and very costly. Far better, and cheaper, to do the due diligence before committing. Providing you know what to look for and what questions to ask.