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Invested in a dud property? What you can do next…

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Your Investment Property | 14 May 2013, 12:00 AM Agree 0
If your first foray into real estate investing produced less than stellar results don’t give up just yet: you’ve still got options
  • Greg | 22 May 2013, 09:06 AM Agree 0
    Dumb luck is also part of the investment puzzle. We bought our first investment Unit in Liverpool NSW in the 1980's and doubled our money in 18 months. Not even the developer with all their knowledge and resources who were selling the block of units saw that one coming. Our second property was a mistake due to age of 20 years old and the condition.
    Ongoing repairs due to age suck up so much of your resources. Replacing 3 fence lines, guttering, plumbing, carpet, stove, hot water service etc etc. They hit you like domino's, one after the other when you could be saving that money for your next purchase.
  • Debra | 22 May 2013, 09:18 PM Agree 0
    This is a great article. So many property investors get 'turned off' property because they make a mistake early in their investing journey. Successful property investors make mistakes, learn from them and move on. It's good for other people to know that it's possible to recover from a poor investment and a mistake shouldn't mean you give up on property. More articles like this is just what new investors need to boost their confidence.
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