Please reach us at info@yourpropertyjourney.com.au if you cannot find an answer to your question.
The first steps in buying a home/investment property is to understand what you are trying to achieve in the purchase. Is it a place to live? Is it to build a portfolio? Do you need to make equity or build up your cash flow? These types of questions change the way you look at purchasing real estate.
No necessarily. Depending on your situation, you will have multiple options.
a) Yes, you could sell your property, use the remaining funds to put a deposit on a new house. But sometime this isn't an option because where are you going to live?
b) No, you can use the equity in your current home to purchase a new property and then sell you current one. The funds you get out of the sale you can dump on your new mortgage or if you're smart, put in a offset account.
c) No, you can actually sell your home 'conditional to buying your new property'. While this may restrict your buyer pool to a degree, you can drag out the settlement and make sure you always have a roof over your head.
Yes, Absolutely! We always recommend a professional inspects the property before purchase, you never know what is hiding out of sight.
This is a broad question and depends on a variety of factors. One of our first steps in our buying process is connecting you with an investment savvy mortgage broker, so we know exactly what you can afford. Rule of thumb lenders want 20% deposit. However options of 10% deposit and on government grant as little as 2-5% deposits are achievable with limitations.
You should always stay informed on how your property is performing. Click on the contact us page and enter your details and address and we happy to give you a FREE property report!
We are super accommodating in the buyers agent process and the fee you pay is total dependant on our involvement. Some buyers just want us for the negotiation and assistance from afar and some buyers want us to take control and find the best property at the best price!
We specialise in maintain the very best service for our clients due to our smaller portfolio we are able to dedicate time and energy into every property! We do our best to market every rental it is best light to maximise result and all our team work seamlessly to ensure both owners and tenants are happy!
Turn $55k into $347,000 in 4 years to start building your property portfolio.
*Case study only, individuals will experience different results with different strategies used.
Understanding what it costs to get into the market and how to maintain the property is an essential planning tool when starting your journey.
*Here is a case study that will give you the foundations to what is require to start building a property portfolio. Please remember this is an example only, costs will can can change.
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