G’day everyone,
i keep reading about the tennants being the important factor when looking at CF+ investments and wether or not they pass due diligence parameters.
is there a DD available on the web or is this learnt from experience of bad tennants?
i am hoping i can learn from other peoples ‘bad experiences’ rather than my own!Cheers.
Warren.
Hi Warren,
Tenants are THE MOST important factor for ANY investment property, CF+ or otherwise!!! Without them you have no cash!!!
As for DD; it should be IMO a do-it-yourself, learn as you go thing, although a little informed knowledge from those who have been there is always going to make things a bit easier. So please, feel free to ask away!!! Plus remember, to read and talk lots to anyone in the business of property investment/management!!!
And finally, I know you meant nothing by it, however as a kid, I remember my dad always telling me “you should never make light of another’s misery”; sure you can learn from it, but you learn more from the mistakes you make yourself; as they will be the ones which make the most lasting impression!!!
Cheers,
Jo
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