1. Buying property is not productive
Very often people buy property based on what is seen when the seller offers the property. Often the buyer was impressed with the design of the property, accessories and all the good things said to the seller. But often, buyers do not see the potential of demand for properties, either for rental or demand to buy. If this happens, the property purchased will only sit still does not produce the rent and asked the buyers were absent or rare. Thus, buyers expect only the property up and waiting tone aka the demand for property in the future. This has been a mistake first, because we buy without a picture of the future projections, and memulu only hope that in the future the property will go up and sold or rented.
Therefore, it is important to understand proespek than the property is in the future and not just see the appearance of the property's well. Including things that need to dipertimbagkan are: (1) how to plan for infrastructure development that will be constructed around the property such as roads, bridges, airports, etc. (2) whether there are future developments which will affect property prices in the area such as the possibility property that will be covered by the plan pembanungan landscape in the future (3) how to plan for urban development direction - the direction of this area moved from this area, so on and so on. So the first mistake is to buy property and just hope that property prices will rise without actually learned to consider how future development potential of the area around the property.
It is advisable to buy property slowly but surely. It is also advisable to consider the possibility of such a possibility is what happens if the tenant stops renting your property, whether you are still able to pay the mortgage of property without any money each month lease of property? General recommendation for this is usually advisable to have at least 3-6 months in monthly installments are ready to prepare if you lose your job or the tenant to leave. In this case, always make sure that you can handle the finances in a very bad situation though and do not let you becoming over-committed in the event of a situation like that in the above situation.
3. No Patience and hope for a quick profit from property
Keep in mind, property investment is an investment that is more puff to the long term. And for investment in the short term, usually will be referred to more speculation than investment. We need to be careful and be patient to truly succeed in property investment. There is no formula rich quick and sudden in this case, but the slow but sure way to get rich in property.