Investing VS. Buying for Self

I often work with clients who are looking for real estate as an investment and their sole intention is to rent the property as soon as they buy. However, a lot of them get trapped into the details of the property as if they want to live there. 

It is important to keep in mind that when buying for investment purposes, there is a whole other set of criteria which need to be considered instead of what you would normally consider when buying for yourself. 

For example, when you are buying an investment property, you have to consider what ROI (return on investment) you will be getting from a property. This will be affected by the neighbourhood, the size, the reputation of the building and so on. You also have to consider the condition of the building and how easy it will be to rent your property in that given building...

However, when you buy for yourself, it becomes an emotional purchase and at the end of the day, if you fall in love with a property, it may even not bring a crazy ROI but you might still want to go ahead with the purchase. 

It is important that you have a knowledgeable agent guiding you through the purchase process to make sure you are considering all aspects of why you are making a purchase.