The downsides of property investing
Description
Can you actually lose with property investing in Australia? seems everyone talks about the positives and the big wins, but often downsides are not talked about. In this episode, I'm going to shed some light- so you make an informed decision.
Some disadvantages include:
1.large lumpsum to get started
2.property is illiquid
3.maintenance!
4.bad property managers
5.rising costs (insurance, rates, land tax etc)
6.paperwork!
7.negative cashflow (in most cases)
8. can buy the wrong property
Other episodes:
Buying my first property at 23 years old
How a couple built a 40 property portfolio in Australia
Music Credit: Bass Nation.
New episode every fortnight.
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