If you spent 45 minutes with Chris Gray discussing your property plans and options, would that give you a great head start for 2012?
Could he help you to identify all the different property investing options available to you and then assist to work out the pros and cons to each of them?
Are you in a dilemma as to whether to buy now or wait till later?
When considering an investment in a block of units it is important to have inside knowledge about the common obstacles you will need to overcome. The two biggest hurdles to overcome are finding other people with a common investment aim that can buy with you, and finding a block of units at a fair price where significant improvements can be made.
The trouble with most blocks of units for sale is that they have not been strata titled, which makes it more difficult and risky as you can’t all get individual titles. Pooling money and buying as a joint venture is risky as people’s circumstances change and when one wants out, everyone needs to get out.
Over the next three months I will be presenting articles that could, quite literally, save you hundreds of thousands of dollars over the life of your loan and will dispel some myths about the value of property and how to pay for it. These little gems of information have been picked up through my own experience in the field and should you decide to put them into practice, will put you miles ahead of the game.
Myth #1 It makes no difference to your home loan if your repayments are weekly, fortnightly or monthly.
How would you like to earn up to $40,000 a year for doing absolutely nothing – other than making one good decision?
That’s how much an average investment property can contribute to your financial future.
And once you’ve made the commitment to buy the property you don’t have to lift a finger. The property will go on increasing in value by up to $40,000 a year, year after year.
“Owning an investment property today really is like having a silent employee,” said Rob Farmer, the CEO of Australia’s largest metropolitan property agency, RUN Property.
On one hand, buying and investment property is a straightforward process however, with so many things to think about it can also become quite daunting. Making a mistake can cost $100,000’s over the long-term and one of the biggest and most import decisions is, “where to buy?”
Many of us feel we want the emotional luxury of buying close to home so that we can drive past and admire our bricks and mortar as well as show them to friends and family. However, as investments should be all figures and no heart - often it’s better to do your research and cast the net wider.