WHY BUY PROPERTY?
Property is a good hedge against mistakes we do in life.
Personally, I have had a business mis-venture in the year 2000 and lucky for me, I actually had a property to sell and convert to cash to save me from the misfortune.
Property can save you from financial problems.
Property can also cause problem if you are not good with cash flow management, meaning you have negative cashflow and you encountered a job transition and suddenly, you have no cash coming in to pay for your property instalment, ending up having the bank forced to sell.
We want to learn to manage cashflow and be aware of the expenses of the property before you invest in property. Though that property can save you from mishaps in the journey of life but it can also put you into a big cashflow crunch.
Licence Real Estate Agent (LREA)
Oracodes Realty Pty Ltd
Licence Real Estate Agent in NSW.