Ever tried to run a race backwards? Reaching your goals is just as hard when you are working back to front.
We see plenty of purchasers let a bank tell them their price point based on a maximum borrowing capacity and then purchase next door to where they live. This is the investing equivalent of doing a three-legged race with your partner. Blindfolded.
Set yourself goals, that will determine the appropriate price point. Then work out the best location to purchase from there.
In episode 21, we dissect “Why price point should determine location and strategy”
Listen as David Johnston, Cate Bakos and Peter Koulizos take you through how to get at your true price point, the compromises you need to make peace with and the critical mistakes to avoid.