Getting too much debt to pay for a house can make your finances unstable.
Not doing enough study on a property, its location, and any problems that might come up can cost you a lot of money.
Investing in property without understanding market trends can lead to buying in a declining area or overpaying.
Maintenance, property taxes, insurance, and utilities are additional expenditures to property ownership.
Not maintaining the property or hiring dependable tenants can result in costly repairs and vacancies.
Following emotions rather than financial logic might lead to bad investments. Stay objective and track stats.
Investing in one property is dangerous. Invest in multiple assets to reduce risk.
Some properties have hidden costs like environmental clean-up or structural difficulties. Complete rigorous examinations to find issues.