Is purchasing the ‘worst house in the best street’ always the road to success?
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 leads on the fast track to bankruptcy, or simply mis-matching 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;