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5 Mistakes To Avoid When Buying A “Fixer Upper” As An Investment Property Part One
Buying an investment property requires a different mind set than when buying your own home.
There are a wide range of “fixer uppers” for sale in Wasaga Beach.
Here are 5 mistakes to avoid when buying one:
- Falling in love with the property.
- Renovating like it was your dream home.
- Forgetting the bottom line. Are you acting more like a builder? Are you trying to make a model home? Are you doing improvements just to show how well you do an improvement?
- Fooling yourself that you will get the money back.
- Justifying an improvement with a non-monetary return.
[...] This post was mentioned on Twitter by Andrew Mckay, Sarah Hurson. Sarah Hurson said: RT @wasagabeachtalk: "New Beach Post" 5 Mistakes To Avoid When Buying A “Fixer Upper” As An Investment Property Part One http://ow.ly/1675kf [...]