Property Investing

Property Investing has its pros and cons for different people depending on their circumstances, so it pays to be well informed whether you’re a seasoned investor or new to the game.

There are a myriad of terms, processes and strategies that you should get your head around before you start, and once you’re in the property investing game, make sure you keep up to date with.
 
A few of these include:
  • Understanding the tax benefits and pitfalls.
  • Understanding property valuations and depreciation schedules.
  • Weighing up the pros and cons, and practicality of either managing your investments yourself or using a professional property management team.
  • Taking into consideration that it won’t be you living in the property, you’ll have tenants.
  • Understanding what your responsibilities are as a landlord including insurances, repairs, maintenance, strata fees, sinking funds etc etc.
  • Understanding the difference between good and bad debts.
  • Understanding the difference between positive and negative gearing.
  • Putting the right amount of research into prospective investment properties and the area they’re situated in.
It’s vitally important that you seek proper advice from people who are actively involved in property investing themselves as well as ensuring you have a trusted and knowledgeable accountant and real estate agent.
No comments yet
There are no comments yet. Be the first to post a comment.

Leave a comment