Piggybank News

January 24, 2012

Where did it all go wrong?

Property investment is not a game for amateurs looking to make a quick buck as some of the news stories have clearly illustrated over the past couple of years.  With the benefit of hindsight, we can assess where people got it right with their strategies and where others got it oh so wrong.  In this article for Just Do Property, Lisa Orme explains 5 of the biggest mistakes she has seen investors make and how to put things right.

http://www.justdoproperty.co.uk/property/wrong-right-2-5960

I found it interesting how she echoes my sentiments about the almost manic obsession some people have with “no money down” deals.  Personally we have always invested with a firm eye on cashflow and most of the deals I see being touted as NMD simply don’t work on this basis because they are too highly geared.

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