subject: How To Buy Investment Property: A Beginners Guide [print this page] Investing in a property is indeed a serious business related to ongoing financial commitment. Buying your first property can be a very daunting venture and would basically require your entire attention. Having a financial assistance service that can help you minimise anxiety of joining the property investment market by teaching you how to buy the right property and find the best deal for financing.
Few things to consider are the following:
Investment Plan
Buying an investment property is an effective strategy for acquiring a long time wealth. The market experiences its occasional rise and fall at a given period. The first step that you need to consider is to consult to your financial planner on certain things and try to evaluate your readiness to invest on a property.
Cost and Tax Consequence
The underlying cost for maintenance, depreciation and interest is just a few of those property related expenses that are basically tax deductible. That is why most investors adopt this strategy which they call as negative gearing. This is a situation wherein loan repayment, interest cost and mortgage fees are exceeding the rental income.
Home Equity
To buy investment property, most financial planners see to it that the existing property has built up a value or equity that one can use in other investment properties. This will then lower the initial cash outlay than the ordinary cost that is required in mortgages.
Funds
Financial planner would usually tell you to use your superannuation fund to buy a property for investment. This will enable you to take advantage of some great benefits. Few of the underlying benefits of using superannuation fund to buy investment property include, the use of your employer's compulsory 9% super contributions and the useof negative gearingto reduce your income tax.
Getting started in property investment can be very overwhelming. What you need to do is to plan ahead for your future and consult the financial planners to help you make the right decision. Super Investment Ideas offers you their team of professional planners to help you take control of your financial future as they help you choose investment properties that suit you.
To avail of their service call Super Investment Ideas at Brisbane:(07) 3282 5027, Adelaide:(08) 7071 7222
