Today, I’ll take you inside my recent search to buy an investment property which would also be the home for my parents in law. I wanted it to have development potential and tick the right boxes for them too.

Along the way I learnt some very valuable lessons and almost fell into a costly trap so I really wanted other buyers to be aware of what to avoid. 

I’ll walk you through the search process, the challenges, and key takeaways from this journey of finding a property that meets both family and financial goals.

Let’s go inside.

Resource Links:

• Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

1. Intro [00:00]
2. Choosing Suburbs and Setting a Budget [00:13]
3. Criteria for Property Selection [02:53]
4. Development Potential and Non-Negotiable Criteria [06:14]
5. Search Process and Initial Property [08:38]
6. Challenges with the Initial Property [12:55]
7. Final Property Purchase [17:28]
8. Balancing Parents' Needs and Investment Criteria [21:17]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

• Subscribe on YouTube:  https://www.youtube.com/@InvestorsedgeAu
• Like us on Facebook: https://www.facebook.com/investorsedge