PROPERTY INVESTING

9 TIPS FOR BEGINNERS –

1^st

3 ways you make money property investing:

1. Growth (Capital Gains) or what I like to call it (money gains).

2. Positively geared property, which means the income its generating is more than the expenses going out.

3. Tax benefits, getting depreciation can help offset the tax in your employment or whatever income you make for yourself.

2^nd

Before you go out to search for a property you and or your partner need to sit down with us. We need to figure out and set some financial goals.

Understand where you would like to be at, (financially) in say 10 yrs time. So you don’t need to work or only work if you want to. (Example generate 80k passive income annually).

Once you hit your first goal obviously if you want to continue you set yourself the next goal. In generating higher passive income annually.

3^rd Understand where you would like to be at, (financially) in say 10 yrs time. So you don’t need to work or only work if you want to. (Example generate 80k passive income annually).

Once you hit your first goal obviously if you want to continue you set yourself the next goal. In generating higher passive income annually.

4^th

Be aware when you hire a buyer’s agent, if you are deciding to purchase a House & Land Package. That you don’t pay a fee ranging from 15k plus to the sales person, because they will be receiving commission from the builder for each property they sell.

That is why Truth Property does it differently as we do not charge a fee for new home builds. (House & Land only). So you will be saving 15k + for each time you decide to purchase a Home & Land package. Established homes we will need to charge a fee though.

5^th

There is a myth some salespeople or property gurus mention that on new homes and land packages you will not be getting capital gains early.

For example, if you decide to purchase a house & land package today. And your land registers in about say 10-12 months’ time. Your equity has already build up which means you are making money on new build before the property has even started getting built yet.

6^th

Make sure you decide on one strategy only. The reason is if you do multiple different strategies, you won’t be getting good at investing.

So stick with 1 strategy.

7^th

If you have a mortgage broker, go, and see him before you decide on a property. If you need one Truth Property can recommend you one. A mortgage broker can give you an idea how much you can borrow and what kind of deposit you will need to have realistically, to buy a property.

You Need to include other expenses

Like stamp duty, conveyor fees, extra mortgage costs insurances etc…

8^th

We do the research for a suburb (analysis work),

Don’t forgot Truth Property already has experience and know where high future growth, high rental yield and low vacancy rate locations are. What the economics of the area is the government pouring in funds for future growth. But we always encourage our clients to do their own due diligence as well so they don’t going into this blindly.

We help you choose a property that will help deliver. Truth Property does stay connected with our investor clients multiple times a year to make sure that all is going well.

9^th

Before you decide to purchase a property make sure you have a pre-approval from your mortgage broker, what that means is you choose a loan get a pre-approval. This shortens the timeframe for when you put your deposit down on a property to when you get a full approval.

You will need to show pre-approval to show that you meet the requirements and that you will be able to purchase the property you are interested in.

IF YOU FIND THESE 9 TIPS HELPFUL AND BENEFIT YOU, FEEL FREE TO FILL IN THE FORM BELOW OR GET IN-TOUCH WITH US WHEN YOU ARE READY TO GET STARTED

ery year, rules and regulations change on how much tax you can reduce. This is why it is important to use an accountant to help reduce your tax according to each year up to date rules and regulations.

• Great way to maximise your tax reduction is to prepay your bills.

• A tax break is property depreciation- in other words the depreciating value on the investment property, this is more associated with the wear and tear of the property.

You will need to arrange depreciation schedules to legally claim any tax break through the depreciation to the investment property. The cost involved in getting a depreciation schedule is also tax deductable.

When investors do renovations to an established property it is NOT automatically a tax right off, for example, if you decide to renovate the bathroom when you are able to get a tax reduction is when it is getting used and has wear and tear, this when you are able to claim tax reduction.

Another way to claim a tax reduction for depreciation is, renovations done by the previous owner, this is why it is important to use an accountant that can help you maximise your savings.

Fill in the form and book an discovery call if you would like to benefit and know more about our positive geared formula and how you can utilise this to create you wealth through Positive Geared Property Investing.

Truth Property Investing Advisors – Are you looking for the best, most reliable way to tailor and find your Property investing strategy and property and further your journey?

Well Nicholas is supremely confident he can help! Want or ready to begin?