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Why Now Is The Right Time To Investing In Property....
When it comes to investing in rental property, there are two ways to make money.
* The first is through capital growth – that's when the value of your property increases;
* The second is through cashflow – a regular income you receive from a property when the rent is collected.
Unlike in your job, where you get paid by the number of hours you work, you can still make money from property without needing to lift a finger. When you think about it, you're making money while you sleep and for a lot of property investors, this is one of the most attractive benefits of investing in rental property. Through this investment strategy, they will eventually get to a point where they don’t need to listen to their boss anymore, and they can retire early!
Think about this!........It is expected that by the year 2010 only 49% of Australian's will own their own home. This is down from 73% in 1980. So there is a definate trend of many people sidestepping real estate. This means that people are going to be "renters" for their entire lives.
A 21 Point Checklist For Selecting Property Investments
*For a full discription of this list, download Jamie McIntyre's FREE Wealth Creation E-Book
* For further information on how to make money in real estate request your FREE DVD by property sourcing expertJason McGuiness from Mcorp.
1.
Select properties within the $250,000 to $500,000 price range. Properties
priced below $250,000 will either be too small, not have the
desired quality finishes, or not be in the best possible area.
2. Select properties within sought after “lifestyle”
locations that will
attract consistent rental demand by quality tenants.
3. Select properties in areas within 15kms of the CBD
but not the CBD
or some CBD fringe areas.
4.
Select properties within suburbs and streets where limited land is
available.
5. Select properties in suburbs with proven capital
growth over the
past 5 years.
6. Select properties close to “water”, e.g., beaches, oceans and rivers.
7.
Select properties in suburbs which have a high rental demand.
8. Select properties in areas which have “affluent”
tenants with high
disposable income.
9. Select properties which are located close to public
transport.
10. Select properties which are “in demand” from corporate tenants.
11. Select properties close to educational facilities:
universities, major
public and private schools.
12.
Select properties close to major sporting, dining and entertainment
precincts.
13. Select properties which have land content.
14.
Select “townhouse style” properties.
15. Select properties which offer high depreciation and
taxation
benefits.
16. Select properties within projects whose income potential
is not
based on “short term” or “holiday letting”.
17. Select properties that are located within smaller
low-rise
“boutique” style properties.
18.
Selecting a property where the price of the property offers at least a
5% gross rental return based on the “long term” rental guarantee
the real estate agent is willing to provide.
19. Select properties within projects which are guaranteed
to be built
and completed. Avoid off-the-plan projects.
20. Do not purchase off-the-plan property which is being
sold
“subject to permit”.
21. Select properties which have 3 bedrooms, to increase rental income.
