Rise High Investor Weekly Video #39 How to spot an investment grade property
1. Location is Key
Look for properties close to essential amenities like shops, schools, transport, hospitals, and job opportunities. A great location ensures your property will always be in demand.
2. Go for Low Maintenance
Choose properties that are easy to care for. Skip fancy extras like pools or elaborate gardens that can be expensive and time-consuming for tenants to maintain.
3. Match the Market
Know who your ideal tenant is and pick a property to suit their needs. Families might want backyards, while singles or couples might prefer compact, low-maintenance homes. Invest in what works for the area—don’t overspend on luxuries in budget-friendly suburbs.
4. Check the Numbers
Make sure the property is affordable to hold. Analyze the cash flow and ensure it won’t strain your finances. If the numbers don’t work, it’s not the right investment for you. Check out the free calculation worksheet on my website to help with this!
5. Focus on Fundamentals, Not Feelings
Don’t let minor details distract you. If the walls are a color you don’t like or the fixtures are outdated, remember these are easy fixes. Stick to the essentials and avoid emotional decisions.
Choosing the right property doesn’t have to be complicated. Focus on location, low maintenance, market suitability, and solid numbers. If you stay practical and remove emotion, you’ll make smart, sustainable investment choices. Happy investing!