- Buying before defining the objective.
- Choosing a market because prices recently rose fastest.
- Using the lender maximum as the budget.
- Assuming 52 weeks of rent every year.
- Ignoring body-corporate, maintenance and insurance costs.
- Believing a rental guarantee proves value.
- Buying for tax benefits rather than fundamentals.
- Skipping independent legal and building due diligence.
- Ignoring future competing supply.
- Having no exit strategy or cash buffer.
The solution is not perfect forecasting. It is a repeatable process that forces you to check the assumptions before you commit.