Buying a property as an investment is not the same as buying the home of your dreams. You don’t have to love everything about the house. Seasoned property investors are all about the numbers. When they assess a property, they think with their head, not their heart.
What’s the market value? Is the property in a good location, near public transport, schools and parks?
If you’re flipping, will you make a large enough profit once renovation costs, transaction costs and holding costs have been accounted for?
Crunch the numbers to find out if it’s a worthwhile buy.