Not having a Plan B and Not understanding the risks and downsides.
By James Upton
Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
When I tell people that I am a property investor their response is often;
“Oh really, you must be a bit of a gambler… Bet you are hoping the market rises again soon?!”
When I hear this response time and time again, I have a little chuckle to myself.
In my opinion I could not be less of a gambler if I tried and I have strategies no matter what the market is doing, not simply being a speculator and waiting for it to increase. In all reality, my risk tolerance is very low and I have a number of exit strategies or Plan B, C and D’s for every trade property or buy and hold property I purchase.
For example, I just completed a trade in South...