Investment
There are a number of considerations to be made when undertaking a real estate investment.
As in any process, the amount of preparation you do will be reflected in the success of the exercise.
"Increasing your net worth is not so much a function of income, as it is a function of planning" -
Hal Krause.
So just what is the purpose of your investment. Is it:
- Long term financial security
- Capital gains
- A retirement plan
- A superannuation substitute
- A short term speculative investment
- For tax savings
- For your children
- To create income from rent
Are you intending to borrow to purchase the property? If so, how much? Will it be a fixed rate loan or a
principle and interest loan? Which bank would you choose?
What type of property do you intend investing in? Is it value for money?
Questions that then need to be considered are the price range, location, number of bedrooms, presentation,
inner or outer suburb, unit or house, rental return and stability, future potential etc.
The answers to these queries will clarify your thinking and assist you to make an informed and correct
decision.
When considering your direction, think it through. Don't fall into the category of people described
by Mary Kay Ash.
"Most people plan their vacations better than they plan their lives."
If you'd like to receive our FREE Investment Information Pack, please email us today and we'll forward
it to you as a priority.
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