- Get smart
Forearmed is forewarned. When a bargain arrives, the first buyer to spot it will be the victor so if you don’t recognize the gift horse when it arrives, someone else will ride off with it.
Know your market. Set your criteria about what you want and get informed. If you know that your next investment is to be a four-bedroom, two-bathroom, double garage renter in outer Melbourne, get real about what they sell and rent for. Become the local expert. When the right property comes along, you might be surprised to find that both the vendor and your competing buyers have scant idea as to what a great deal the property offers.