Today's investment property tip - brought to you by the Homefree Team.
AVOID RURAL, SMALL &/OR MINING TOWNS/OFF THE PLAN PURCHASAES/SMSF/CITY APARTMENTS/HOUSE & VACANT LAND - UNREGISTERED
Rental returns may be higher in some areas, however, should a major business/employer close (i.e. Ford in Geelong) you may very quickly find your property vacant, limited prospective tenants and property values on the decline!
Making use of your equity depends on its relative equity percentage, or LVR (Loan to Value Ratio).
Last Investment property tip for the week from Homefree Mortgages.
A professional valuation incorporates specific property details for full peace of mind.
You can convert everything you see to a format you find convenient. Give it a try!