Risk Minimisation

Before each property purchase – be it your home or an investment property – you need to have a definitive exit strategy.

This is one form of risk minimisation…

It’s one way that you can greatly reduce your risk and improve your comfort level…

For instance, if your strategy is to renovate, you might consider renovating to a standard just above the median value for the area so that you are always able to rent your property quickly.If it’s in high demand, and this also gives you an emergency exit strategy.

Here’s how: consider that something goes wrong (or something goes right).
– You need to have cash fast and you have to sell your property.
– If your property is just a bit better than the others in the market, then in theory, you should be able to sell it quickly, especially if you are prepared to accept the median price for the property.

In other words, you should have a plan B for every decision that you make for property investing. This will give you a low risk property investing strategy…

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