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Why invest in property?
- It leverages your time – it might take time to buy the right investment however it takes very little to manage it on an ongoing basis
- It leverages your money – banks will normally lend 80, 90 or even 100% of a properties value so a $50k deposit maybe all that's need to control a $500k property. If that grows at 10% = $50k = 100% return
- It's historically proven to generally rise over time – property is rarely worth nothing and will always be rentable and saleable if bought in the right areas
- It's easy t understand – we all live in property and so it's no too hard to understand the basics
- You don't need to sell it to get the profits out – you might need to contact us to learn more about this
Why buy now?
- Smart investors are in it for the long term, and buy when the market is flat, not when it's booming as that enables them to get more choice at a lesser price. Then they get to ride the whole boom, not just the tail end.
- It's very hard to predict the peaks and troughs of any market so buy when you can afford and make sure you can afford to cashflow it in the short term.
Why spend money on books, courses, mentoring or buyers agents?
- If you teach yourself it might take some time and there maybe some expensive mistakes along the way. Just like you go to university or go on a course at work, it's quicker and easier learning from others that do it everyday.
- Analyse what profit you might make from the information and compare that with the cost of the education i.e. if you could buy 1 more property which went up $50k per year, is it not worth spending even $20-30k for the someone to teach you how to do it or to do it for you?
- Get rid of your emotion and look at the facts. Do you want to save $1,000 or make $10,000
Education is costly, mistakes are expensive
Should I invest for capital growth or rental return?
- There's no one right answer as everyone is different and they have different levels of income, equity, and risk
- There's always different options and each option has positives and negatives. There's rarely one option that has all positives and no negatives
- You need to sit down and work out the cashflows of each and then cpmpare the emotional and factual issues
Will I get rich from my job?
- Chances are you probably won't as the more you earn, the more you are likely to spend
- Jobs are great for paying for your day-to-day lifestyle but they rarely create great wealth
- It's what you do with your income that counts, not how much you earn
Why should I hire you as a buyers agent?
- Time – do you have the time and patience to see 50 – 100 properties?
- Knowledge – I specialise in certain areas where the majority of agents know that I buy certain properties. They know I buy a lot of property quickly and efficiently which makes it easier for them and their clients. If they can sell a property quickly without having to do 6 weeks of open homes they can move onto the next property. That's why they often ring me before they advertise it to the public.
- Negotiation – if you are buying property as an investment is it better to have someone that isn't emotional tied to the property to negotiate for you - will they be a colder and harder?
Should I buy a house or a unit?
- It all depends on the suburb you are buying in and the ratio of capital gain and rental income
- Land appreciates whilst buildings depreciate so as houses have higher land content you might want to buy one f those. However in high growth suburbs houses don't get much rent which reduces the chance of you affording to keep hold as many and that's when units are more advantageous.
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