Anything that can go wrong, will..
In property deals, it's crucial that you do not let your emotions rule you. Once you start thinking I've just fallen in love with this, your finished. Forget about love, look at this in the cold light of day. Ask yourself does this deal make sense?
The thing you should always remember with property developing is that there are so many variables and something is bound to go wrong;
A plumber won't turn up
Your builder's have stopped coming to site
An unforeseen cost has appeared
If and when something goes wrong, don't panic, keep a cool head and open your eyes wide to the the impact of one problem and the solution of the next. The key thing about property developing is PLAN!
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Posted: 3. March 2011 09:06