Property Investment
Whether you’re building your nest egg or need to save tax, property
investment can be a great way to build wealth. It’s attractive for several
reasons but mostly Property investment is easy and familiar to most people.
Plus the tax benefits ensure the ATO helps you repay your investment along
with your tenant.
Wealth Building is a long-term program, an acquisition plan. The key to
success is to hold and accumulate.
Here are some handy hints if you’re thinking about
investing in property:
Obtain
your finance first before you begin house hunting. Applying for a
pre-approval is simple,
and having finance approved will put your mind at ease. If you leave it too late
to apply for your home loan, other buyers who already have approved finance may
beat you to your chosen property.
Establish
an area or suburb you want to invest in. Become an expert in the area,
target suburbs with a history of proven capital growth and rental demand.
Perform
extreme due diligence and market research. Research properties in the
chosen location. To find out which properties are selling in your area visit
agents in the area and tell them you are looking to invest in the area, and
visit the major internet sites.
Be
Prepared … Know Your Worst Case Scenario Property investment is a
long term investment you need to be prepare for things that might arise: rising
interest rates, lose your job, vacancy, all can be protected with
appropriate insurances.
Property Investors
Want to make a really informed decision? Be armed with as much relevant
information as possible before making a big investment? You can access extensive
research on both real estate and finance in general through Access One, and it’s
free. If you are considering a Property Investment or maybe revaluate your
existing portfolio call Access One 1300 722 278 or get a free
Property Investment
Report