Did you know that buying investment property has proven to be a great way to build wealth over the long term, with some suburbs doubling in value every seven to ten years? Your Priority Lending mortgage broker will help explain to you your investment loan options.
With negative gearing the traditional way of structuring a property portfolio. One of the biggest reasons however, that many investors are limited to one investment property or even sell their investment property, is due to the negative cash flow. Here, Priority Lending experts share with us some tips and advice on selecting investment property:
- The property should be in a good area that will benefit from capital growth
- The site should have a good space to build extras such as a granny flat or pool
- Ideally have a separate access/entrance to the backyard
- Adhere to all local council planning policies i.e. maximum heights, minimum setbacks, adequate parking, etc.
An expert mortgage broker can help you with different gearing strategies.There are many types of investment properties and many more investment property loan options on offer, as well as gearing options to suit different investment strategies. A loan Market mortgage broker will help you do the sums to determine the best investment loan for your investment strategy.
Always seek advice from your accountant on investment and taxation rules for your particular situation*. Talk to a Priority Lending mortgage broker for a free investment loan assessment today.
* Talking to your accountant will give you the appropriate analysis of your specific financial, investment and taxation situation. This is particularly important when you are considering investment relating to your superannuation.
Source: Priority Lending
