- Setting a Strategy
Your vision is the precursor to creating achievable goals to purchase your first property. It is entirely realistic for the middle-income earner to build a property portfolio that also generates sufficient income. Keep in mind that depreciation and negative gearing can lift the investment case for a first-time property investor.
- Understanding Risk
Understanding how much risk you can tolerate is important, as it will provide a way of finalising your property investment strategy. The ideal situation is to buy a property valued at the median but with a purchase price below that value, thereby instantly building equity when you buy.
- Analysing the Risk
The best property in a street sets a benchmark for the prices of the other properties in the street. If
there is little price difference between the best and worst property in the street, your opportunities for growth in value is limited.
An investor is in a good position if they are able to accommodate a two-percentage point increase in the interest rate at the time of their borrowing.
By the end of the book, you will know.
- How to get into the property market
- How to create a property investment strategy
- The ideal situation for a purchase price
- How to qualify for an investment loan
- How to analyse your risk