Places You Should Not Invest in 2024

property investors network Podcast

In today's podcast, Mark talks about places that are not good for investing in property.
He mentions that it is difficult to set up property investments in Scotland because the government wants everyone to be a landlord, which makes it hard to be profitable there.
Another place Mark suggests staying away from is London due to how expensive properties are there and because of how there is already added value there.
When it comes to being a savvy investor, it's important to look for people who need help or have problems. These types of properties are more likely to offer a bigger return, as they may be run-down or offered at a discount. Avoid investing in properties that have already had added value because this will result in lower returns.
Before investing in a particular property, make sure to do your due diligence. If you are following up on a property that a deal sourcer suggested, make sure the numbers add up. If the deal is finalized and you discover hidden costs or something about the property that doesn't add up, it could end up costing you money.
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