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July 1, 2024
Home » Why do some people lose money on property?

Why do some people lose money on property?

<a href='https://zakiameer.com.au/why-do-some-people-lose-money-on-property/'>Why do some people lose money on property?</a>

Why do some people lose money on property? 

Losing money on the property comes back to impatience. The reason behind that is because they haven't thought through about why they're getting into the first place, what's needed behind it,

What may go wrong? You can't control that tennis pay, pay rent may not pay rent. They may lose their job, things happen, damages happen to properties, markets go down, and interest rates go up. This is the reality of life.

It's not that the person lost money in property. That is actually what property investing is all about. So it's kind of like don't enter the race if you're not prepared. prepared to lose. And losing is just basically a challenge that you overcome and then you win eventually.

I'd have plenty of clients that said, "I bought property in Sydney. "I bought property in Melbourne or Brisbane and Perth." And every time I'm on a call with them or my staff owner or my team are on a call with them, I just simply go onto one of the software where you can look at the property prices and I say,

"Hey, can I have the address of that property?" And I'll type the address in and I go, "Oh, you sold for 300. "Did you know that the property's worth 600?" So they thought they'd lost, but no. If you hold on for the long term and you all overcome the challenges that you've planned and put aside for, you'll always be a winner.

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