Today we have Zaki Ameer of DDP Property joining us. Zaki specialises in property and teaches you how to invest wisely. He’s joined us today to talk about the worst investment property nightmares that other people have dealt with ? Everything from bad tenants, to repairs and maintenance, he’s here to share a few stories!
If you’re thinking of making your first investment property purchase, it’s important to be aware of some common pitfalls that could put you at risk. Zaki Ameer, PRDnationwide Blacktown Principal/Director shares the top three things to look out for when buying investment property, and how to avoid them.
There are three things you need to be aware of when buying investment property: Avoid Strata Levies, avoid paying stamp duty and avoid investing too early.
There are property deals – and then there are nightmare deals. Think high-risk mortgages, dodgy tenants, hopeless locations and all the other tricks that can turn any deal sour. But for these unlucky property investors, things didn’t just go wrong… they went wrong big time!
Zaki Ameer’s hair-raising tales of nightmare tenants, cockroach infestations and mould-ridden nightmares, Zaki Ameer took us on a journey to the worst properties in the world. And it’ll make you never want to rent again. The scenario is all too familiar: new houses share a communal wall, one is built as a music studio complete with massive speakers but the other is an elderly woman’s home.
In 2006, Zaki Ameer was doing well as a property developer. He had been given a £4m luxury home in Harrogate, North Yorkshire, by his father and enjoyed a £100,000 Range Rover as a company car. Then things went wrong.
With hundreds of repair and renovation projects, Zaki knows what it’s like to feel overwhelmed. He has made a lot of mistakes, but he’s learned from them – and now he is here to impart his hard-earned wisdom to you so that you can avoid the same fate!