Question:

I've spent a long time looking for a good property but I seem to keep missing out on the real bargains. How long should I look before buying an investment property?

by Guest734  |  7 years, 2 month(s) ago

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I've spent a long time looking for a good property but I seem to keep missing out on the real bargains. How long should I look before buying an investment property?

 Tags: bargains, buying, investment, Ive, look, Looking, missing, property, real, spent, time

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  1. Guest734

     It's my opinion that the "once in a lifetime" bargain comes along about "once-a-month". However, try to remember the real costs in chasing a bargain. If you are investing longer-term, there's no need to spend six months of your valuable weekends in a real estate agent's car chasing that elusive bargain. Time heals all wounds, and so long as you pay fair market price (a little homework should determine what this value would be), you should still achieve sound capital growth. Don't buy the first property you come across, but on the other hand, don't go out with any preconceived ideas of what makes the perfect investment property because you'll spend a year looking for something that may not exist. Spend at least a month familiarising yourself with values in your area, so that when you do find that "right" property, you'll immediately recognise it.

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