6 Things That Can Go Wrong With New Properties and How to Solve Them | Ep. 174

In this episode, we discuss the 6 things that can go wrong with investing in brand new properties and how to solve them.

1. Overpaying for a property – solve it by getting a valuation before going unconditional

2. Not being able to secure a tenant because of too may properties coming on market at the same time – solve it by investing in a staged development

3. Can't get started straight away – realise that this is a misconception because although you won't have a tenant straight away, you still have 

4. What if the property isn't completed on time – have a robust sunset clause, but still be willing to stay in the development even if it is overdue

5. The gross yield is likely to be lower than an existing property – realise that gross yields and net yields are different. A brand new property is likely to have a higher sale price but lower ongoing maintenance costs.

We also mentioned the property investor quiz. This 7 question quiz will tell you exactly whether you are in the financial position to become a property investor or not. And, if not it will tell you exactly what you need to do to get there.