This week I’m answering a question from Darren in QLD. Darren is wondering if he should buy his second property through The Property Club now, or should he hold off purchasing based on speculations that the banks may reduce the minimum deposit for investors.
My advice to Darren is that he should jump in now, when Darren is in the right state of mind and when the growth is just about to start. If things don’t happen the way you think, you might find yourself in a tight spot. In this scenario, procrastination might just cost Darren his second investment property.
You should also beware of agents and marketers who are working for themselves and the seller. It’s important to do your research carefully and purchase the right property, in the right location, with the right type of funding and the right tenant support.
Watch the video above, and if you’d like to share your thoughts you can ask me a question on the right.