The Importance of Understanding Cashflow
What is the cash flow? You must know this before you invest. Not knowing the cash flow before investing has led to more Australians losing money from property investing than any other mistake.
The three key questions according to this article are.
- Should you buy new or old?
- House or land?
- Interest only or principal and interest?
None of these things will send you broke, but not knowing the cash flow will.
For more information on this read my article on the NAB website.