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What Is A Good Property Deal ?
Manage episode 415920281 series 3504934
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On today's podcast, Mark discusses the characteristics of a good property.
It is important to always have a thorough understanding of your numbers before making any deal. A deal cannot be considered good until you have double-checked the numbers and made sure they stack up. Ask yourself if the return on investment is what you were hoping for, and if not, re-evaluate your numbers.
One mistake that people often make is that they focus solely on the property and not the area it is located in. It is crucial to get a sense of the area and its amenities. Are there public transportation options nearby? Are there stores and other conveniences nearby? Do you feel comfortable in the area? If your answer is no to any of these questions, it is likely that your investment will not be profitable.
It is also important to consider your strategy and target market. Is there a demand for your strategy in the current market?
Joining online property groups and documenting your journey can help you network with others. You may find someone with a tenant who is a perfect fit for your property. This can lead to more efficient processes and faster results when necessary.
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- Visit www.pinFurtherLearning.co.uk to explore the complimentary training sessions and resources we provide to assist you in generating a sustainable income through property.
- Join our FREE pin Community Facebook group to meet other like-minded property investors and potential Joint Venture Partners.
- Attend your first property investors network (pin) Meeting for free by using the voucher code "BUZZ"
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