One way or another, everyone is involved in the real estate industry – either as tenants, home owners or investors. Here are 9 questions you might consider asking prior to taking the plunge into the most significant purchase of your life:
1. How can I profit from this investment?
2. What are my risks?
3. What form of insurance do I need in place?
4. What name or structure should I purchase the property in?
5. How can I improve the profit potential?
6. If I need to sell, what is my exit strategy?
7. Can I afford the property if things change, eg interest rates increase?
8. What type of loan should I take out?
9. What does my accountant and solicitor say about tax/legal
Implications?
This is by no means a comprehensive check list but is designed to cover most of the issues which arise in property investing.
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