1. Know Your Budget
Before taking a plunge into property investing, it is essential that you have an in-depth understanding of your cash flow. Plus, ask your bank for the pre-approval of your investment loan so that you know how much you can borrow prior you hunt your properties.
2. Don’t Skip Ongoing Costs
Ensure that you have sufficient budget for the insurance, rates, and general repairs. When you have bought your perfect investment property, know what you can do to stop costly maintenance problems like as replacement of old taps.
3. Purchase In the Growth Area
Pick an investment property in the areas where there is strong demand for the rental accommodation. So, purchasing an asset to transport, schools or universities will make it more alluring to the renters.
4. Be Practical About your Investment Goals
If you are hunting for the long-term property for fast capital growth, then … Read More