How To ‘Buy Right’

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

Property investing has definitely got its upsides and its downsides, talk to any property investor and they will tell you that there is as much opportunity as there are pitfalls. Now, the skill lies in navigating these in your favour in order to make your property investing most profitable.

The most common words of wisdom heard from those that do well with their investments are; buy with your head, not your heart; and the profit is in the purchase.

Here are five key tips on property investing:

- always look at high-demand location, such as in close proximity to public transport, work centres, shopping, good infrastructure and education

- Get pre-approval of your finance, allow for some flexibility and don’t over-extend yourself

- for an investment, let the numbers do the buying (head), not the heart (emotions)

- speak with a professional versed in property investing about how best to structure your investment, i.e. buying it in a trust or entity rather than your own name, using your superannuation/SMSF etc.

- do thorough due diligence and look at growth patterns and history before you buy, making your decision based on facts rather than word of mouth

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here https://www.smartpropertyinvestment.com.au/opinion/15784-how-to-buy-right and share your thoughts with me afterwards: call (0402) 024-625 or email me at [email protected].