These are the big mistakes I have seen take people out of the game!
Running out of cash
Not getting certification for building work – stops mortgage drawdown
Not having a contract with the builder – prevents arguments and financial disputes
Going solo – no education – no sounding board, no depth of understanding in an industry which has big costs and big risks. Not worth it!
Not keeping the team skills updated – growing past some suppliers such as smaller scale builders etc.
Not ensuring you are at point of choice – team, money exit routes for property. Property is a big ship slow to turn so you need to be strategically nimble.
Over trading. A big one and this is the one that causes more otherwise competent property investors to fail than the others.
Make sure you don’t make these mistakes!
The cost you time, money and potentially your future!
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