Not every opportunity is the right opportunity. These are the alarm bells that experienced investors learn to recognise and the warning signs that should make you pause, ask more questions, or walk away entirely.
The vast majority of property investment mistakes are not caused by bad luck. They are caused by warning signs that were present but not recognised. If you encounter any of these, pause and ask more questions before proceeding.
A credible developer will actively encourage you to speak to previous investors without them present.
How a developer communicates before you invest is exactly how they will communicate once your money is with them.
Unusually high returns are not a sign of a stronger deal. They are a sign that something needs closer examination.
No money should ever move before a signed legal agreement has been reviewed by your own solicitor.
Genuine investment opportunities do not expire overnight. Any artificial urgency is a sales technique, not a sign of a strong deal.
If your gut is telling you something is not right, that is important information. Walk away and ask yourself why you feel that way.
Practical, honest guidance for property investors delivered free by Aidan and Avril Magee at Busk Properties.