Is it a good idea to buy an investment property near a reserve?
Here’s a little tip that you might find helpful when you are looking to buy your next investment property…
They say that location, location, location is one of the golden rules of investing in real estate.
Even though I only partially agree with this statement, here’s an example of where the location of your property can have an effect on its value and its rental return.
A property located next to a reserve or a popular thoroughfare always attracts its share of undesirable behaviour.
If someone wants to break into a property located near a reserve, it is usually easier to escape without being noticed than if the property is surrounded by other occupied properties.
If people walk past your property on the way home from the hotel, you will find cigarette butts, half empty bottles, paper and other items of debri on your front lawn on a regular basis. Sometimes they will jump over the fence into the garden, urinate against the bushes or just make a lot of noise just as your tenants might be wanting to go to sleep in the front bedroom.
I’m sure if you lived there you’d find that rather annoying. In the same way, such a property will not be particularly attractive to most tenants. Those that would find it attractive, may not turn out to be YOUR most desirable tenants.
Thats why I suggest you think carefully about where your property is located and what effect that might have on your tenants.
You’ll find many more traps to avoid when you invest in real estate in my Super Secrets To Real Estate Wealth course. Many people say its the most comprehensive course on real estate investing they’ve come across.
Warm Regards,
Hans Jakobi - Australia's Wealth Coach