Before starting to contact agents and search the papers etc, it is critical to know what you are looking for, and to have your rules defined. Ask yourself ???? What am I looking for?
- Cash flow property or a capital growth property.
- What type of property? 3 bedroom house, block of flats, value add property, development off the plans, multiple income property.
- What area do I want to be purchasing in? ie Which location ???? specifically.
- What type of tenants am I after? Students, executives, professionals.
Having answers to these questions gives you the clarity and therefore you will not spend your precious time looking for properties that do not meet your criteria.
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