Rentvesting is becoming increasingly more popular in every part of Australia. Essentially, this concept sees you becoming both a landlord and a renter. Pick your favourite location, virtually regardless of its price, to rent out and at the same time, buy a cheaper property, more suited to your budget, as an investment.
Whether you live in Brisbane’s flood plain setting, or are surrounded by thick, drought-prone bushland, natural disaster zones can be both beautiful and hazardous. And never more so than in summer, now just a few months away. But you can protect your house and even enjoy great price growth and sales while enjoying life in our land of droughts and flooding rains, bushfires, storms and cyclones.
You’re happy to tackle a renovation or simply want a bargain buy property. Both of these ideas are great but is a delipidated dump really worth the stress and high costs such homes can bring to your life?
You’ve made the decision to buy a home and now the hunt is on not only for a house but for someone to help you find a loan. This is when a mortgage broker comes into the picture. If you’ve never dealt with these financial advisers before, here are some good questions to ask them.
You’re keen to splash your cash on an investment property. But how do you choose which area to buy in? one which will appeal to plenty of people and ensure strong rental yields?
There can be big benefits for investors in buying an already tenanted property. But don’t forget to consider both sides of this opportunity, as well as exploring the fine print and particulars.
It sounds like a dream deal: buy a second house without a big bank account. Is this really possible? Using the equity on your first property, it is. It’s a smart move that many people have benefited from but as a real estate agent, we suggest you consider all the pros and cons of equity purchase, sooner rather than later.
You’ve just bought an investment property and excitement and anticipation is high. But with your short-term bank balance possibly in the red, you may be tempted to disregard landlord insurance. On the other hand, you’ve bought this property to enjoy greater financial security, so why risk not having extra cash protection?
House hunters, I know it’s easy to become immersed in the stress and excitement of buying or selling your home. Yet whatever else you might miss on your to-do list, don’t forget to choose your conveyancer early on. As crucial as us, your real estate agents, to the property process, no conveyancer means no possibility of moving into your new home – or selling it either. So, where to start?
Investors may find it simpler to buy property close by, or at least in a location they know and trust. Yet it can be incredibly worthwhile to widen your pool of possibilities into another state or region.