Low interest rate is a temptation anyone can submit to but should it carry you away to such an extent where you leave behind all your wisdom regarding property investments? What if the interest rates suddenly increase and properties you locked now became a huge mortgage burden on a later day? In a time when people are falling for risky investment strategies, an article on The Advisor talks about erring on the side of caution.
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7 Questions You Must Ask When Buying Investment Property
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.
Why You Should Use Multiple Lenders To Service Property Loans
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.
Location Tops The Wish List Of Property Investors
Any client sitting with me for even 10 minutes will hear me spell out the magic word LOCATION at least once. Yes, I give paramount importance to the location of a property irrespective of whether my clients seek it as buyers or investors.
Regional Properties Do Not have What it Takes
Property in remote locations might look good for sometime but they only flatter to deceive. Pete Wargent for the Property Update writes why they fail time and again. Wargent starts with the example of Cairns where high rental yields and depreciation benefits were cited as great reasons for long time positive cash flow. GFC reduced the Cairns property prices to rubble, washing away their value by more than 30%.
Sydney Units Offering Higher Rental Yields Than Houses
A shift in lifestyle choices has contributed greatly towards the increasing popularity of units in Sydney. Presently, they have become the premier choice of dwelling hunters, surpassing the traditional craze for houses. An article on the website news.com.au talks about the shift in consumer preference and the reason behind it.
