They usually say that you should rather look for a small property in a very good neighbourhood, than a big property in a not so good neighbourhood. You should check out the neighbourhood you like for future plans of construction by the Municipality that may affect the value of your property. You need to get an Inspector to check up on the property for termites, or structural faults. Good idea to have an extra room that you could sub-let, some people use that to help pay off the house. When you budget for the property you need to add on top of the price at least 10 percent for legal fees, inspection fees and if an agent is involved, commission for the agent. Important to get a very good housing agent who has a very good reputation as there are so many rules and regulations and a good agent may be able to help you. Having said that, one should never completely give your trust away, one should always keep your common sense and question all the advice that comes from the housing agent, lawyers and bankers.
Real Estate Investing is the craze and has become very popular today. spend time with real estate professionals for the principles and determine how they can be applied to your real estate investment and increase your income. There are also printed resource guides or real estate investing books that can be helpful for you.
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