It’s long been thought that buying the worst house in the best street is a wise plan for investment. After all it’s location that’s the most important aspect of any real estate acquisition right?
Well not necessarily so – many ‘would be’ property developers enter into an acquisition only to find themselves with a plethora of problems they hadn’t expected to encounter. Whether it’s purchasing a renovation project that puts you on the fast track to bankruptcy, or simply mismatching the suburb’s buyer profile, it’s important to get the equation right if you really want to win the game. Here are a few tips to get you started: