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The importance of planning before buying – why caution is key
By Maja Garaca Djurdjevic
11 February 2021
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1 minute read
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Before cashing out on a property, buyers of all ages and experience levels are encouraged to have a comprehensive plan in place that caters to several key elements.
Extensive preparation is key when approaching a property purchase, and online finance calculators don’t count, Pure Property Investment’s Paul Glossop said on a recent episode of The Smart Property Investment Show.
“It starts with preparation because it doesn’t take much to jump on an online finance calculator and say here is my income, here are my debts, how much can I borrow? That is not a strategy,” Mr Glossop advised.
Building a moat: How to defend your property against adverse effects
By Maja Garaca Djurdjevic
18 December 2020
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1 minute read
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A successful property portfolio is one that is not reliant on you, as the investor, to dictate its performance, a property guru has said.
The ultimate goal for a property investor is to have a property that is neutrally or positively geared, and in demand from tenants, so that it is able to ward off negative scenarios seen throughout 2020, Pure Property Investment’s Paul Glossop said on a recent episode of The Smart Property Investment Show.
“What stops a market from growing? Typically, it’s going to be things like more expensive money, additional supply. And if those two things alone happen to a property and you don’t have a good answer to say what happens when these things happen.