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Ready for an investment property?
Your Property Wealth Partner
Get started at a half-day inSynergy property investment
workshop. It’s a proactive way to get to grips with the essential
fundamentals of property investment. Hear industry insiders’ tips on:
• How to pay off a home loan in 6–10 years with no extra repayments;
• How one property at principal-and-interest costs very close to two
properties at interest-only;
• How to use effective research to identify high-growth properties;
• How to build a high performance, risk-managed property portfolio
to retire on, comfortably and early.
To book your own one-on-one workshop for a time
that’s convenient for you, or speak with one of
our experienced specialists, please call
1300 308 808 or visit insynergy.net.au today
1. Thou shalt stop procrastinating
Those who enter the property market are often surprised at how
simple it is if they seek out experienced advisors to guide them.
2. Thou shalt seek education
Becoming financially educated is crucial if you want to maximise
opportunities with property investment. A reputable property
investment seminar can teach you a lot in half a day to a day.
3. Thou shalt take advantage of your lazy equity
A failure to take advantage of existing property equity is a big
mistake. Speak with a specialist investment broker who can
assess your borrowing capacity and revalue your properties
every six to 12 months so you know your true equity position.
4. Thou shalt seek better property valuations
Valuations between lenders commonly varies by five per cent
and, in some instances, more than 20 per cent. Therefore, your
investment prospects can radically be affected.
5. Thou shalt take out sufficient income protection insurance
Property investment presents risks – suppose you lose your
income and have to sell a property prematurely. Income
protection insurance provides a safety net.
6. Thou shalt keep a cash buffer
Having cash flow in reserve can help investors through
downtimes in the property cycle or if unexpected expenses
arise. Rather than using your full borrowing capacity to purchase
a property, keep a buffer.
7. Thou shalt seek out credible research
Good research can help identify growth markets around the
country, while throwing darts at a map on the wall is likely to end
in tears. Experienced property advisors should be able to show
you such research from independent sources.
8. Thou shalt avoid the land tax curse
Land tax is state based and most states have a land tax
threshold. The simple way to avoid it is to buy your next
investment property in a different state.
9. Thou shalt get an interest-only loan
When selecting a property investment loan, opt for interest
only with an offset account rather than a principal and interest
loan. The first scenario enables you to free up cash for other
investments and minimises costs if interest rates rise.
10. Thou shalt know the risks of buying off the plan
While off the plan purchases can deliver quick rewards, they
come with risks. The big problem is you cannot gain finance
approval until close to the completion and settlement of the
property. This means there is no guarantee your finance will be
approved. A change in circumstances by the time settlement is
due could cost you dearly.
PROPERTY
Richard Sheppard is the managing director
of inSynergy Property and Finance Solutions
– a licensed investment property buyers’
agent that provides property investment
advice, property market research and
specialised mortgage broking services.
Phone 1300 308 808 or visit insynergy.net.au.
The10property
investment commandments
Sticking to these simple strategies will give you a strong chance to
build wealth through property investment, says Richard Sheppard.