Isn’t Investment Property Expensive?
Think about what you are really asking...Do you mean expensive to buy or expensive to hold?
I'm glad you asked but the question needs to be; "Is this property expensive to hold?"
Any property is hundreds of thousands of dollars of course so It's understandable to not want to take on more debt!
But what if the debt of your investment property was being repaid by other people?
What many people fail to understand is that it's not the property purchase price that matters as much as what the ongoing out of pocket cost for you to hold that property does. Therefore, we establish this first & foremost.
There is a lot more to it than just the price you pay for the actual property. In fact, when you’ve added up all the expenses and then factored in the rent and your weekly, monthly or yearly tax refund, the right investment properties may not cost you more than $5 per week to hold or be cash-flow positive.
As an added bonus, you can, in some circumstances receive rent guarantee for up to eight years! .
Investing in a way where the Tenant & Taxman pay the Biggest portion & often ALL of the costs associated with owning property takes some experience & insider knowledge. This is what Self-Funded Freedom teaches and what your personal Freedom plan will reveal using our 4 step process .
So, let's find out because it will be different for everyone based on many variables such as income, tax & borrowing capacity.
Not working with the experts can prove costly if you get it wrong.
Maybe you have seen people around you & wondered how on earth did they afford to get investment property.
The reason is they have the tenant & tax man paying the bills!
That means you could own an asset growing in value and other people are paying for it.
However, you need to get it right because two properties with the Same Purchase Price & Rent can have two Vastly different effects on your wallet. For example, without the right advice, one could cost you say $100 week but had you chosen the other one, it was only $30 week.
Or better still there many have been a possibility to find cash flow positive property which costs you nothing all but instead actually gives you money.
You need a property suited to your circumstances
The most important thing to remember about investment properties is that they should be affordable for you based on your current circumstances and that’s exactly what we want to figure out for you using our 4 step process so lets find out. Determining this is part of our 4 STEP PROCESS
There are many variables to consider for each client individually, its not a one size fits all situation.