I've been looking at a couple of opportunities in the property market, and I'm tempted to move forward, but I don't want excitement to take over proper planning. There are so many questions about financing, target areas, running costs and how long it could take before an investment starts to generate a return.
I am currently working on a business plan for real estate to properly test my ideas and see where the risks might be. “I want something realistic that helps me make decisions rather than a document with optimistic numbers.”
What do you wish you had researched more thoroughly before making your first big move in property for anyone who has started a property-related business?
