- Choose the right property at the right price (we can do this for you).
The first and most crucial step in purchasing an investment property is selecting the right property at the right price. Our team has a proven system to help you identify properties that are likely to perform well in the Melbourne market, based on extensive market research and analysis. We can assist you in finding the perfect property that meets your investment goals and budget.
- Buy brand new properties to maximize full tax benefits and depreciation.
Investing in brand new properties can offer significant tax benefits and depreciation advantages. New properties often come with higher depreciation allowances, which can result in more significant tax deductions, ultimately reducing your taxable income. Our team can help you identify new properties in Melbourne that can provide you with these tax benefits and maximize your return on investment.
- Find a good property manager and let them do their job (we also provide one for you).
Hiring a professional property manager can save you time and effort in managing your investment property. A property manager can handle tasks such as finding tenants, collecting rent, and managing property maintenance, allowing you to focus on other aspects of your investment portfolio. Our team can connect you with reputable property managers in Melbourne or provide you with our property management services to ensure your investment property is well taken care of.
- Understand the market and the dynamics where you are buying (We have a proven system to pick the best performing properties).
Having a solid understanding of the local property market and its dynamics is critical when purchasing an investment property. Our team has an in-depth understanding of the Melbourne property market, including current trends, growth areas, and investment hotspots. We use our proven system to identify the best-performing properties that align with your investment goals and help you make informed decisions.
- Pick the right type of mortgage to suit you (we guide in setting up a smart mortgage).
Choosing the right type of mortgage is essential to ensure that your investment property is financially viable. Our team can provide expert guidance in selecting a mortgage that suits your financial situation and investment goals. We can help you set up a smart mortgage that minimizes your interest costs and maximizes your cash flow.
- Use equity from your property if you have one or cash to start, you only need as little as a 10% deposit with cash + costs.
Using the equity from your existing property or cash savings can be a smart strategy to finance your investment property. With as little as a 10% deposit, along with cash and costs, you can get started on your investment property journey. Our team can provide you with guidance on how to leverage your equity or cash to finance your investment property effectively.
- Negative gearing.
Negative gearing is a common investment strategy in Australia, where the expenses of owning an investment property, such as mortgage interest, property management fees, and maintenance costs, exceed the rental income. The resulting loss can be used to offset against other taxable income, potentially reducing your overall tax liability. Our team can provide you with expert advice on how to effectively implement negative gearing as part of your investment strategy.
- Do your sums – Cash Flow is always king (we guide you every step of the way).
Understanding the cash flow of your investment property is crucial to determine its financial viability. Our team can guide you through the process of analyzing the cash
Conclusion:
Investing in an investment property can be a lucrative opportunity for Melbourne homeowners looking to expand their investment portfolio. By following these top ten property investment tips, you can make informed decisions and maximize your chances of success in the Melbourne property market.
At PropertyFi, we are here to help you every step of the way. With our proven system, expert guidance, and a wide range of services, we can assist you in finding the right property, setting up a smart mortgage, managing your investment property, and optimizing your cash flow. Our goal is to help you streamline the process and achieve your investment goals.
Ready to take the next step in purchasing an investment property in Melbourne? Schedule a meeting with us today and let us guide you towards financial success. Click here to learn how you can cut 20 years off your mortgage with our expertise: https://www.propertyfi.com.au/cut-20-years-off-your-mortgage-1
Invest with confidence with PropertyFi and secure your future in the Melbourne property market. Contact us now to get started!