Don't Invest in Property Until You Ask These 6 Questions - Nick Statman

I almost bought a property that would have bankrupted me, and it came down to six questions I didn't know to ask. I've analyzed over a hundred property deals in the last three years, and these are the ones that separate smart investors from broke ones. First, what's the real cash flow after vacancy and maintenance? Most people forget to budget for the months the place sits empty. Second, what's the exit strategy if the market tanks? Because hope isn't a plan. Third, can you afford this property if you lose your main income tomorrow? Ask these before you sign anything, because the market doesn't care about your optimism.

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