Canna Campbell
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Podcast Appearances
And you might get there and go, oh my goodness, there's no way I want that responsibility or that's going to dent my cash flow too much or I can't maintain any type of lifestyle with that responsibility.
Having that's really important because then you go, okay, I need to either save more or I need to, you know, maybe the goal of buying property to delay it or extend it a little bit.
So that's really important.
And of course, doing your research.
You make so much of your money when you buy, particularly with property.
You know, because if you can buy well, of course, then that growth there is going to be a lot sooner for you.
So getting to know the real estate agents in the area that you want to buy.
Asking them, you know, particularly if this is for an investment purpose, ask them what a renter's wanting.
Do they want, you know, a bathtub because a lot of young families, you know, are renting these types of properties?
Or is it a lot of sort of elderly people that want, say, a level floor, no steps?
Or they need the importance of a lift?
If you're going to be buying property, residential property, you've got to think of it as a business.
Yes, you're an investor, but this is also a business.
You're creating a product, a product to house people.
So what do my dream tenants look like?
What do they want?
Because if you can create something that's in demand, obviously that's going to mean the property's rented out on a regular basis.
You've got strong rentals coming in.
Obviously you can put the rent out when appropriate, of course.
And it's going to obviously increase in value.