The golden component of property investment is a concept called ‘passive income.’ For most people on wages or a salary, work is all there is. I.e. except for paid holidays, no work = no pay.

Many beliefs and attitudes were developed when people were very young. They watch and learn lessons from parents, other family members, friends and teachers.

Could you survive without your next wage/salary payment? If you’re not sure of the answer, you need to assess your budget now. Not being able to survive a missed wage/salary payment is just one warning sign you may be heading for financial trouble.

An essential is a pre purchase check list for buying property for investment purposes.

Property investment is a business and must be treated like one. Whether residential or commercial, a new property investor is now ‘in business.’