September 25, 2014
Before you start looking for your investment property, it’s worth considering several significant and important factors.
1, Your current financial position.
Are you well placed to afford an investment property, particularly during the inevitable periods of vacancy?
2, Can you afford a quality property?
Can you afford a property that will attract decent tenants and deliver healthy long term price increases?
3, Where are you heading?
Are you prepared and can you afford to hold on to your investment property for the long term?
Will you need access to your capital (money invested) in the near future?
4, How much money will you need?
As with your home, purchasing an investment property can involve significant upfront costs and ongoing maintenance expenses.
5, How much can you afford to borrow?
Getting an idea on your borrowing capacity is the first step in finding out the type of property and location you can afford
6, Do you need a cash deposit?
If you own your home did you know you can use equity rather than cash deposit?
For further information and assistance don't hesitate to contact Dora and her team on:
Ph: 9360 5968 M: 0413 636 645