5 Property Investing Secrets

We like to think that we’re rational, but matter of fact is that emotions play a huge part in our decision when we buy our home. For your investment property, that’s what you need to avoid at all costs. So what is the magic number of investment properties viewing before making an offer on one?
Around 30% said they would view up to three investment properties that matched their numbers and probably would be happy to make an offer on one.
Around 10% were less decisive and thought they would view a total of 12 investment properties before coming to a decision.

Existing homeowners said they would view more investment properties due to their previous property buying experiences.
You probably aren’t aware but lenders and mortgage insurers have valuable data on different locations and property developments and you should try and access this information to assist you to avoid picking the wrong investment property. Whatever you do, never make a decision to buy an investment property based on getting a tax deduction – always focus on making the right investment choice.

Ensuring that you have a steady rental income stream is also vital because this cash flow will make the holding of the asset more affordable and provide income.

In the world of rental investment properties, you can’t blame your dog for eating your homework! If you skimp on your research, you’re only fooling yourself.

We get that extensive research can feel a bit tedious, especially if you’ve been eyeballing multiple rental properties for some time, but it’s essential if you want to avoid a dud investment property. True North Property Agents have over 30 years of extensive understanding of the Gold Coast property market. 

Call Sami now for your Gold Coast investment property market analysis.  

Everyone is different, but we can assure you that asking experts for advice is usually a good idea.

It’s very common that we have property owners bring us on board to help solve disputes or to help get the property portfolio in order.

If you feel like you’re in over your head or if you need a second opinion, don’t be shy to reach out to those in the know.

Here at True North Property Agents, we have access to a range of specialists that can provide expertise for just about every requirement in relation to property investing :

1. If you have concerns about your cash flow or your taxes, an accountant can help. Click here for your free property investment making money checklist clientconcierge.com.au
2. Any concerns about your mortgage or repayment of property loans can be brought up with your mortgage broker.  If you do not have a mortgage broker, we can help you.   Click here to be taken to DMC Accounting Plus for all of your mortgage advice.
3. If you need help doing a thorough property inspection you can bring a surveyor or real estate broker along.  
4. If you have problem tenants with lots of arrears, or just feel like managing your properties is taking too much time, you can engage a property manager to do it for you.  

For questions about Property Management – click here..

Do yourself a favour, and don’t wing it when it comes to your property finance. Know exactly how you’re going to cover those ongoing costs like loan repayments and utilities.

Know your financial goals and how much risk you’re willing to take before you begin as well as what you can afford on a regular basis. If everything hits the fan and you lose your income, how many months can you cover your bases?

You should also consider whether you want to negatively or positively gear your property.  Email us at clientconcierge@vividlife.com.au for your plan.

With so many properties to choose from, it’s easy to see why first-time investors unwittingly opt for the runt of the property litter. If you want to know how to avoid a dud investment property here are the things to consider when buying a rental property.

Think Like a Tenant.

There’s no use pouring thousands of dollars into a luxury renovation so you can up the rent when your property is right next to a university full of students on a budget.

You need to know what the tenants in the area are looking for in a rental property!