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  • Profile photo of PrimePropertyInvestorPrimePropertyInvestor
    Member
    @primepropertyinvestor
    Join Date: 2012
    Post Count: 48
    December 18, 2012 - 5:05 pm

    Hi Yoly,

    It is great to hear that more and more people are getting on property leather – well done. 

    I would agree that it is not profitable for you to invest all your money in one property, as it is quite common problem these days that investors run out of their cash and give up on expanding their portfolio. 

    I would suggest you to invest in area that you know well and you are confident in.  We invest in London aprox. 10 minutes to 1 hour away from our home.

    Good luck on your journey and keep us posted how you are doing :)

    Profile photo of PrimePropertyInvestorPrimePropertyInvestor
    Member
    @primepropertyinvestor
    Join Date: 2012
    Post Count: 48
    December 17, 2012 - 2:12 pm

    Hi Aloha,

    It seems a great plan about your development project and I would agree with Ballerina that with these type of projects you want to stay focused on quality of work, but still stay in control of your budget. 

    Good due diligence skills is something very important at this stage. When you will be 100% confident about your project – finances in come in place. 

    All the best for you and keep us posted how are you doing.

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