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Mistakes in investing!
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Jason12_2
Posts: 1 Newbie
What are the biggest real estate investing mistakes?
0
Comments
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1 - assuming property always goes up in value all the time
2 - borrowing too much
3 - forgetting that mortgaged buy to lets is high risk (borrowing to invest)
4 - not having enough capital after the purchase
5 - often an eggs all in one basket approach
6 - buying off plan
7 - not researching enough
8 - not telling HMRC
9 - not realising CGT is payable on gains and income tax on rental and not budgeting for it.
10 - location. location. location.
Ok, a couple of those are weak but I wanted 10.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I prefer dunstonh's answer. SPAM offI beep for Robins - Beep Beep
& Choo Choo for trains!!0 -
Should have guessed it. 1st post from a new sign up. a response from another new sign up a few minutes later promoting a link.
Typical spam attempt.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Ok, a couple of those are weak but I wanted 10.
I think they're all great reasons... but also,
11. don't visit the link in post #3
:spam:You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0 -
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Back to seduction thread for me then, that's got to be real, doesn't it?
http://forums.moneysavingexpert.com/showthread.html?t=1596351I beep for Robins - Beep Beep
& Choo Choo for trains!!0
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