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Why Buying Cheap Sh*t Units Will Never Retire You

Scouting Australia Podcast

CHAPTER

Avoiding Pitfalls of Investing in Cheap Units

This chapter explores the risks and drawbacks of investing in cheap units below $200,000, highlighting issues such as low cash flow, high expenses, and potential location and tenant quality problems. The speaker warns against the illusion of easy passive income and emphasizes the importance of awareness and caution in real estate investments. Strategies for renovating cheaper properties to increase their value and using low-cost opportunities as stepping stones to larger deals are also discussed.

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