5 Property Secrets

(From The Desk Of Jayne Saunders... Also Known As)

“ The Maverick Property Investor”

1) Only buy residential properties to suit the first home buyer market. If you get into trouble they are easier to sell quickly and are rarely affected by price downturns.

2) Always use interest only loans when you first purchase a property. Since the interest is tax deductible it is of no benefit to pay more than required as it slows down the growth of your portfolio and takes money out of your pocket. When the property is positively geared

(Within the first 4 years) you could then switch if you are no longer aggressively purchasing.

3) Never buy property that has recently been renovated. It is more tax effective for you to do any renovations yourself and claim them as a tax deduction. Also it means your purchase price is lower and gives you much more potential capitol growth. There is minimal rental difference between properties if they are in a desirable area.

4) Buy properties close to shops, schools and public transport. Traditionally homes within 5 mins walk from these amenities achieve higher rents, have fewer vacancies and are faster to re fill.

5) Never buy apartments as you have no control over the value. If a neighbour is forced to sell quickly at a loss, this becomes the new value of all the properties in the same complex.

If you are stuck with properties which are causing you headaches or, you have been told by the banks... no more loans. Give us a call we will look at your portfolio and assess how you can either;

Improve the returns to create more Cashflow.

Or manufacture value so you can get your next property, maybe do both!

If you are yet to get into the property market let us help you take that first step into securing your financial future.

Email us :- client@thewomandeveloper.com