First Time Property Investment Tips 

If you are a first-time property investor, be aware that investing in property involves a number of important steps, including:
Educate yourself - read books and magazines and speak to people you truly trust.
Establish a clear property investment strategy - do you want a property investment that provides sufficiently high rental returns to be self-servicing or are you chasing capital growth. Your choice of property investment strategy will dictate what kind of property you buy and where you look for it.
Thoroughly research the areas you are interested in for first property investments.
It’s a must to get a property valuation and a building inspection report before signing up to buy your first investment property.
Here are some of the pitfalls why first-time property investor’s investment properties fail to perform:

• The purchase price was too high.
• The property is in an area of low capital growth potential.
• The property is too high maintenance.
• The rent is too low.
• Vacancy periods are too long or too many.
• The loan taken out was structured incorrectly.