You don’t want to be that person that purchases an Investment Property and then realises it’s no good, then you try and sell it and no one wants to buy it.

Whatever the industry, when times are good in business, you attract of a lot of attention from outsiders. These people feel that they are missing out on their millions and decide to join in some format or another to take advantage of the opportunity at hand. Take Bitcoin as an example..

Over the last two years, I’ve seen many Real Estate Agents and Mortgage Brokers join this industry at the peak of the market. I’m not against anyone making money as long as they’re adding genuine value to their clients.

The recent property boom has also opened doors to property ‘experts’ or as many people call them ‘spruikers’.

These so-called experts are now competing for market share and marketing themselves to you and me because their ‘investment properties’ are no longer selling themselves.

The reason for this is because their properties are crap and usually targeted to interstate investors. They also rely on the interstate investor that doesn’t do enough research to work out that property is crap.

I love investing in property and even though I have been investing in property for over 15 years I still don’t know everything about every market in every state. Even if I studied a market, I wouldn’t know all the information to make a purchase decision whether it’s for investment purposes or the property I will live in.

That is why I recommend that if you are looking to purchase an investment property, you should either do the research yourself if you have the time. If not, engage with a company that researches suburbs across Australia and looks for opportunities in suburbs that rate well in their research. Not the opposite, where they only research the areas they sell properties in. I use Australia’s biggest research house for my own personal investment purchases. Because this gives me peace of mind and convenience.

Buying the right property is crucial in any market cycle. With values not increasing as much or as quick as there were in recent times. It’s even more important.

Only when the tide goes out do you discover who’s been swimming naked. Warren Buffett