There are two extremes on the risk spectrum when it comes to describing property investors, and it's successful investors who can balance both extremes that will get the best results.
At one end are those who like tried-and-true approaches, preferring to stay rigidly within a set course of familiarity. They reason, ‘Why go beyond my comfort zone? There’s only pain in the unknown!’
At the other end are those who are happy to take some chances. These investors are constantly on the hunt with a, ‘damn the consequences’ outlook. They’re keen to spot opportunities first, and pounce before others with scant regard to the dangers.
Every investor will fit somewhere on the scale, but the most successful are those who can find a balance between both types – the ability to pivot and spin in a seemingly fearless fashion while still maintaining a measured approach to risk.
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