Feb 26, 2018
Today, we discuss the top 5 mistakes that property investors make, those that have nothing to do with buying the wrong property with Stuart Wemyss director of ProSolutions Private Clients.
If you want to build wealth through investing in property, you’ll learn something from the mistakes that others have made so that you don’t make the same ones.
I’ve talked and written a lot about how to choose the right property - an “investment grade property.”
So let’s assume you have found the right property. There are still many things that you can get wrong.
Today’s episode should help you avoid some of those mistakes.
The top 5 mistakes that property investors make:
Links and resources:
“You shouldn’t be buying property for tax savings. Tax savings are just the cream on top.” Michael Yardney
“You should get some structuring advice before you buy your property. Once you have purchased your property, it will be a bit too hard and expensive to change.” Michael Yardney
“It’s always a difficult balancing act when you first start off because your priorities and finances take precedent, but you should always take a long-term view.” Michael Yardney
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