The 5 Mistakes That Will Kill Your First Property Deal

Watch the latest podcast right here or listen the audio (also available on our YouTube channel and wherever you listen to your favourite podcasts).

https://www.youtube.com/watch?v=1wQ01vmEgIA

Listen Below...

Here's the links that Paul mentions in the show:

Free BTL Deal Calculator: btldealcalc.netlify.app (don't type www before link)

Property Accelerator Pro 14-Day FREE Trial: pap-signup.netlify.app (don't type www before link)

Mentorship Taster Session: www.propertyaccelerator.co.uk/jumpstart Are you making these 5 property mistakes?

Let’s get real about what could be holding you back! Share with someone who needs to hear this!

1. Falling in love with a property instead of the numbers. Emotional buying can cloud your judgment. Remember, a nice kitchen won’t pay the mortgage! Focus on what matters for rental purposes and the property’s end use.

2. Ignoring hidden costs. Stamp duty, legal fees, and ongoing maintenance can sneak up on you. Set aside 5% of your rental income for maintenance and voids. Trust me, it’ll save you from unexpected costs down the line!

3. Buying in the wrong area for the wrong reasons. Don’t let postcode reputation steer your investment. Look at the data. Is there tenant demand? Are the rental prices strong? Always prioritize local supply and demand.

4. Skipping the hidden numbers. Guessing doesn’t work in property! Use proper analysis methods to run your numbers and avoid costly mistakes.

5. Trying to do it all alone! This is where your problems can start. That and scrimping on your power team quality.

Email the Host Paul: support@psnproperty.co.uk