I’ve said this once, I’ve said this a million times: You don’t get rich with property at the drop of a hat. Behind every success stories lie several failed investors who quietly quit the market with not much to show for in their bank accounts. Before risking your financial future, beware these devastating pitfalls that can derail your efforts and the many APIA resources that will get you back onto your A-game.
1. Are You Investing? Or Just Gambling?
True investing takes discipline, strategic analysis, and methodical execution. Amateur property buyers often purchase blindly in unfamiliar locations simply because a lender has given them a pre-approval. When lending rules tighten or tax regulations shift, these gamblers find themselves trapped with problematic assets they can’t improve or sell. Want to learn about how to buy and buy well? Come to our upcoming Power Skills Workshop to get some hands on training to negotiate yourself a sharp deal!
2. You’re So Down in the Weeds, You’ve Missed the Forest for the Trees
Smart investors prioritise significant gains over small savings. The property market thrives on established connections. Your time yields better returns when building powerful networks that lead to better deals than travelling across town to save five bucks on a tap. One valuable relationship often delivers returns that overshadow years of penny-pinching. Let the pennies look after themselves by shopping with our impressive lineup of discount partners and free up your time to join us at one of our regular investor networking functions.
3. Turns Out Your Market Intelligence Isn’t Very Intelligent
Today’s property landscape bears no resemblance to last year’s market. Consider Auckland’s current Watercare capacity crisis and its massive impact on development potential....
