Dare Property

10 Top Tips For Successful Investing 

1. Know what you can afford and do not be talked into overstretching yourself: you never want to be a forced seller.

2. Profit is oftern made on the way in: buy at an inflated price and it may never be a good investment.

3. Avoid locations with high levels of future supply and high concentrations of foreign investors.

4. Understand the local market - what is driving demand and who will rent or buy your property in the future?   Never assume you can sell to another foreign investor.

5. Secure competitive funding. The available and cost of borrowing will have a strong influence over returns achievable.

6. Secure the best payment structure possible i.e. pay as little as possible before completion. 

7. Have a clear exit strategy: you've got to know how, roughly when and to who you are going to sell.

8. Look for hidden value. Some developments are priced floor by floor even though some will have a better aspect than others.

9. Be distinct or be extinct. There has to be something different about your property to attract tenants and future buyers. 

10. Be flexible: a reasonable rental offer today is better than an empty flat for months.