COMMENT OF THE WEEK: Property costs

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Join the debate! Explain what you think the biggest obstacles or challenges are for newbie investors or simply tell us what’s on your mind and you could win a bottle of wine like lucky reader “Francis”.

This week’s winner of best comment belongs to “Francis”, who shared his insights with other Your Investment Property readers through our online forum. 

Here’s what he said in response to this article about how first time investors usually fail. 

Comment:

"Very interesting seeing we have all these investment property guru's telling everybody how easy it is and will only cost you $25 a week. Wish it was that easy. As a long time property investor with 10 properties in the family I would say the biggest problem especially for first time investors is under estimating the actual costs per month. What if their is no tenant for a while, extra repairs etc. Never ending. But saying all that property investing is still the best way of the average person getting seriously rich. So go for it but make sure you have plenty of spare money in the budget because you will certainly need it."

 

 

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