Common myths in property investment
Common myths in property investment, by Bradley Beer, Chief Investment Officer from BMT Tax Depreciation.
Investing in property offers investors a chance to build wealth; nevertheless, it’s crucial to be cautious because misleading and deceptive information is prevalent, potentially leading investors astray.
BMT Tax Depreciation explore some common myths and potentially dangerous advice on property investment including:
· Only wealthy people can invest in property
· Investors should only buy new
· It’s best to limit purchases to familiar locations
· Property investment guarantees quick wealth accumulation
· Don’t worry about claiming depreciation – it only increases your property’s cost base