Property expert and best-selling author Margaret Lomas says the key to successful property investing is asking the right questions before you buy a property.
Her new book, 20 Must Ask Questions For Every Property Investor, has been written with this in mind and is destined to be a hit with property investors everywhere! In 20 Must Ask Questions Margaret shares with readers the 20 questions she has formulated over her many years of investing and working with property buyers to create lasting wealth through successful property investment.
The 20 questions have been a popular feature of her five best-selling property titles and here readers have the chance to delve deeper into how, when and where they are best put to use in the cut-throat world of property investment. This is Margaret's 8th book and yet another quality offering full of practical advice and sound investing guidance.
It is a must read for anyone contemplating buying or selling property. Margaret Lomas, founder and Director of Destiny Financial Solutions (with 12 franchises across the country), was the 2006 NSW Telstra Businesswoman of the Year. She is a regular commentator in the national media on real estate investing and financial planning.
1. They call me lucky.
2. Property yields.
3. Balancing the cash flow and the growth.
4. The 20 Must Ask Questions®
Question one: What is the cash flow of the area, generally speaking?
Question two: What is the vacancy rate of the area?
Question three: What are the infrastructure plans for the future?
Question four: What is the population, population growth and demographic mix?
Question five: What is the competition?
Question six: What are the trends?
Question seven: Is there economic vibrancy in this area?
Question eight: Is this area close to a large town or city?
Question nine: Is there a diversity of industry in town?
Question ten: If this is a niche market property, is there a second end use?
5. Halfway there!
Question eleven: Does this property match your personal risk profile?
Question twelve: What financing arrangements can I access for this property?
Question thirteen: Is the property at market value?
Question fourteen: Who is the builder or developer?
Question fifteen: Is there a rent guarantee?
Question sixteen: What will the property management arrangement be?
Question seventeen: What is the age of the property and what condition is it in?
Question eighteen: Is the property tenant-friendly?
Question nineteen: What are the title arrangements?
Question twenty: Am I being commercial in my approach?
6. Growth drivers.
7. The bits that did not fit.
Your risk profile.
Number Of Pages: 232
Published: March 2008
Dimensions (cm): 20.5 x 14.2 x 1.327
Weight (kg): 0.29