So you are looking for your next investment property, one that will strengthen your portfolio. I care for my portfolio and I bet you are no different. The idea is to make a fool-proof purchase, one that holds you in good stead in the long run. Part of your Due Diligence lies in asking the right questions to the right people. I recommend these 7 must-ask question before you venture knee-deep into buying investment property.
You have a big portfolio and you have great ambitions too. Naturally, you will be looking forward to getting more than one loan serviced, for one or several properties. If this be the case, I will advice you in all earnestness to look for multiple lenders.
Cherie Barber, Director of Renovating for Profit talks about renovation in a scientific light. In an article for the Property Observer, Jennifer Duke illustrates the 8-point approach of Barber.
Over the years I have advised many first home buyers as to the right time for purchasing a home. In many cases I have found them really apprehensive and overcautious. This stratum of buyers does not trust itself too much. First home buyers readily assume that they should take the property plunge only when they have enough in their kitty. Nothing could be farther from truth.
In an article I read on The Advisor, I found that in 20 years to come Sydney may need 100,000 more homes than previously predicted. This vindicates my conviction that 50,000 (stipulated some time ago) was a really conservative figure.
Mid-sized, medium to high density dwellings are likely to be ideal investments today. Investing in Mcmansions may not be a sound idea anymore, says George Raptis in an article for the Property Update.
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