Could you survive without your next wage/salary payment? If you’re not sure of the answer, you need to assess your budget now. Not being able to survive a missed wage/salary payment is just one warning sign you may be heading for financial trouble.
Would you buy a large asset item like a car without test driving it or getting it assessed by an expert in that field e.g. AA vehicle testing? Would you buy a computer without checking out its specifications? If necessary would you talk to an IT guru to ensure the product will meet your needs?
Are you tired of the problems associated with residential investment properties, such as tenants trashing your property, not paying rent and the ongoing cost of maintenance. Then commercial property may be of interest to you. However investing in commercial property is very different to investing in residential.
