Now, keep in mind investment property you got to buy in an area that is going to attract some type of customers when you move out and this thing becomes an investment property. You don't want to find yourself saying you know what, it's okay no one is going to live there, so I don't mind living in a specific area. And when it becomes an investment property, you no long can actually put it anyway. So it's one of those things that you need to remember that this things is the exit strategy that is going to end up being an investment property.
So make sure that is an area that is suitable for another person who would like to rent it out from you. I think that something that a lot of people really struggle with, because they're so desperate to buy their first property. Once you know exactly where you want to live, want size do you want to live in, go out there and look for the properties. And I would say, please go and view them. There are many people who buy property without even viewing them. I can think anything else more careless than that because you need to actually get a feel of what you're buying and get a better understanding, right?
Also getting a feel, being able to ask questions, it's difficult to ask specific questions if you are not at the specific location which you are buying. So I would suggest that you actually go to the place and see the place, speak to them, speak to the trustees, speak to the corporate, get a feeling of owning a place there because it is an investment. Whether you're living in it or whether you're actually going to use it to get rental income it is still an investment, it's a ticket purchase to make sure that all those things are in order.
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