Investing in property, such as residential real estate, is likely to be a lengthy process and one that usually involves a long-term plan. To ensure you have considered what is required before making the big purchase, we’ve outlined steps you need to take in that process. 1. Do the numbers …
For property investors, growing wealth depends on rental income or capital gains, and these are both anchored on the popularity of a property’s location among tenants and buyers. This is why it’s essential to know what makes the location of a property in demand to your target clients. Based on …
Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new tenant. The lease just carries on as it did before you purchased the property. There are plenty of upsides to buying an investment …
A mortgage is a long-term commitment, which many people enter with a ‘set and forget’ mentality. Most loans are around 30 years – during which many things can change, not just in your personal circumstances but in the financial world, with the new loan products and fluctuations in interest rates. …
When it comes to investing in real estate, equity is a key concept to wrap your head around. The Successful Investor’s Michael Sloan explains what equity is, and how you can use it to your advantage. What is equity? Equity is the difference between the current value of your home and how …
Buying your first investment property can be a bold step towards a more prosperous and secure future. But it also poses risks. The Successful Investor’s Michael Sloan outlines five strategies to help you take the right path. My 5 essential investment property tips 1. Equity Most people use the equity …
The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing customer loans, a mortgage broker has said. Speaking on a recent episode of The Smart Property Investment Show, experienced mortgage broker Marissa Schulze encouraged investors to get on the …
Negotiating a lower interest rate on your property loan Read More »
Every homeowner loves the idea of becoming mortgage-free faster and paying less interest in the lead up to that landmark event. Fortunately, there are some easy steps you can take to get there sooner – whether you’ve just got your first home loan, want to increase your property equity or …
Here’s why higher bond yields will likely bring higher rates for fixed mortgages. The Reserve Bank of Australia may need to take action on monetary policy sooner than expected, analysts believe. “To the extent we get a faster reopening, then the economy gets back on its pre-Delta track faster, which …
As property prices continue to rise, purchasing in a centrally-located or sought-after area may be out of reach for you right now. Instead, many are opting to rent rather than buy as it means not having to compromise their preferred lifestyle, but for those still eager to enter the market, …
Rentvesting – enter the property market without sacrificing your current lifestyle Read More »
While you may not need a six-figure salary to invest in property, those who earn a relatively low income will require a little more creative thinking to start a portfolio. Here are some tips to help you get started. Find an investor-friendly loan The challenge for low-income earners is the …
Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: to cover the costs of repairing and maintaining the …