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!
For home sellers, the advantage of an auction deadline is it creates competition.
Homefree Mortgages' Investment Property tip for today is: PROPERTY INVESTMENT IS LONG TERM!
Making use of your equity depends on its relative equity percentage, or LVR (Loan to Value Ratio).
So what should you be looking for during an open home to make the most of that time?
Crunch time has come for property investors with June 30 fast approaching.
You can convert everything you see to a format you find convenient. Give it a try!