Yes, independent thinking and research is important for property investment.
My Friend went to a showrflat. As expected agent approached him with ‘this 2 br only 1.x million, can rent out 3,400 per month..high returns ...
The Friend replied, ‘Are you sure? Current rental should only be about 2,300. If you can do 3,400 and rent out within a week, please introduce tenants to me.’
Agent: You know the market well eh,
and tapered off his selling...
Immediately you see dishonesty and trying to rip off the unknowing buyer attitude. Therefore, always DYODD, you never know if you will meet a big bad wolf or a shepherd.