Ten Great Property Investment Tips

Our friends in the real estate industry, including Ray White, ActiveWest Real Estate, The Geraldton Property Team, Harcourts Geraldton and Professionals Midwest Realty, tell us that Geraldton is seeing a lot more property investors than they used to. Small investors seem to be a rising trend in WA. Here are some tips to help you succeed.

Geraldton Real Estate

Clean Up Those Credit Cards

Get rid of any unnecessary credit cards and reduce the limits on those you do have. Credit card limits are considered by lenders as credit card debt for the purposes of determining your ability to pay off a loan.

Debt Consolidation Loan

If you have personal debts, consolidate them into a personal loan with lower interest.

Shop Around

Don’t get locked into the comfort of using one lender. If you want access to more capital and better terms, it pays to shop around.

No Cross-Collateral

Don’t let a lender use more than one property for collateral on the same loan. One property, one loan: period.

Treat It Like a Business

Property investment is a business; treat it like one. The first step is to create a solid business plan.

Build a Buffer

The best way to build a “buffer” is through a line of credit or through a redraw facility. Everyone occasionally hits a “bump in the road”. Be prepared for yours.

Correct Loan Structures

Make sure that your loans are structured correctly. Failure to do so can cost you thousands of dollars and tie up funds, making you unable to take advantage of opportunities that often arise.

Interest Only

Use interest only loans and trust capital gains to provide your profit through increased equity.

Assemble a Professional Team

You need a mortgage broker, a financial adviser, a lawyer and an accountant. It is also very important to hire a great property management firm. Earlier we said “treat it like a business”. Your team is the best asset your business will have.

Call Geraldton Heights Estate

Geraldton Heights Estate represents one of the best opportunities for investors that we have seen in a long time. Market entry is very affordable and the potential for capital growth is very high.