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Switching home loans can result in significant savings, but you should be aware of some common pitfalls. Exit Fees People often look at the difference in interest rate and forget to calculate the exit fees. Find out exactly how much it will cost to switch your home loan and then determine whether it will …
15 Tips for Preparing Your Property For Sale
You get one chance to make a first impression and you’d be surprised at the seemingly insignificant things buyers can notice which can break the deal. A property should be presented as having been well looked after with no major issues. There are a whole range of things you can do which don’t require …
Common Mistakes for DIY Property Managers
Managing your own property instead of using a professional property manager can save you 5-9% of your weekly income, but you’ll need to be aware of the legal implications, tenancy legislation and paper work to avoid the pitfalls. Sourcing and Placing Tenants Professional property managers usually have access to potential tenants which come through …
5 Warning Signs of a Costly Renovator
Introduction to Capital Gains Tax, Depreciation & Tax Deductions
Here’s a quick introduction to the different taxes and deductions for your investment property. Tax Deductions Rental income is subject to tax, but expenses incurred for your investment property during the period it is available for rent are tax deductable. Here is a list of some of the available tax deductions. – Advertising for tenants …
Managing Your Investment Property
Buying Investment Property at Auction
Essential tips for purchasing a investment property at auction. 1) Research and due diligence – Check recent sales results in the suburb to gain an accurate market value estimation of your target property. – Research the sales history and on the market history of your target property. See if it has previously advertised as …
Property Investment Fundamentals – Building a Team to Work With
Raising the initial capital to buy into real estate can be difficult, it is tempting to bypass identifying professionals whose help will be needed. Real estate investment is much like running your own small business. Whether you have 1 or 100 properties in your portfolio you will need to make decisions about tenants, property …
Financing Your Property Investment Purchase
Here’s a handy guide to get you started on financing your property investment purchase. 1) How much do you need to get started? For most residential real estate investments you can borrow to buy an investment property with a typical deposit (or surplus equity in another property) of 20% of the purchase price. While …
Renovation Tips For Property Investors
Renovating your property can increase your capital gain if done correctly. Here you’ll find some tips to help you make a more informed decision when renovating. 1) Target the right kind of property If you have the tools and determination, finding renovation projects in almost all locations is easy. The key is targeting …