Do you ever feel momentum dipping because you just don’t know where to buy the next property? It’s a problem I see in many investors. They are more than excited to buy their next property, they get hyped up about returns, they look forward to getting their next tenant in.
Yet, every time they go to look on RightMove, they get sidetracked by researching the next best area… because of comments about where to invest in blogs, podcasts and Facebook posts.
Then the search starts again, this time with a new location in mind… because ‘well everyone else is looking there, so I should too’…
Next thing you know, another post pops up that suggests your new area is going to be hit hard by declining jobs / BREXIT / any other number of catastrophic events. You get panicked, stress about losing a ridiculous sum of money, so start googling for the next best place.
3 weeks pass, then a month, then 6 months, then a year… and you’ve still not bought anything.
All the while, the money is still in the bank gathering a minute amount of interest. Property prices are rising. You’re still stuck right where you were when the property hunt started…
…that goal of paying for a fabulous family holiday, epic experiences or just some you time being pushed further and further back.
That’s a tough situation to be in because it’s a lot of time wasted with no momentum and that is soul destroying.
Instead, you need to take control of the situation:
1. Pick a location {you love} & budget {you can afford}.
2. Analyse deals in bulk and assess whether the property can handle higher interest rates without the rent going up. {This means you can weather the storm of ‘uncertainty’}
3. Go see the properties that work for you
4. Negotiate the deal
5. Buy it
Stop hanging around, waiting for the perfect time & location. Be decisive, take action, keep moving.
If you are ready to take this kind of action and are fed up with wasting your own time Click Here to book a call with us. We will work with you to keep you moving.