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    nvestor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your sellin

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    Potential residential property investors are often bewildered by the wealth of information available regarding property investing, which is often contradictory.

    First time property investors should take the following points into consideration before embarking on their property purchase but always check their own circumstances out with their accountant before committing any funds to the project: -

    1. Rely on the numbers and leave emotion out of the transaction as you will not be living in the property

    It’s not critical that you adore the colour scheme, the type of handles on the doors or some other features of the property – the numbers e.g. purchase price, rental return, supply of rental property in the market and potential capital gain, must stack up. These details, apart from potential capital gain, are readily available from real estate agents.

    2. Start small time – you will be able to sleep at night that way

    Start with a lower priced investment property and a smaller loan. As you will be, most likely, subsidising the loan repayments, there is less pain with a smaller loan if you are not receiving rental income during any period. Being able to sleep at night is always an investor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your selling

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    eck their own circumstances out with their accountant before committing any funds to the project: -

    1. Rely on the numbers and leave emotion out of the transaction as you will not be living in the property

    It’s not critical that you adore the colour scheme, the type of handles on the doors or some other features of the property – the numbers e.g. purchase price, rental return, supply of rental property in the market and potential capital gain, must stack up. These details, apart from potential capital gain, are readily available from real estate agents.

    2. Start small time – you will be able to sleep at night that way

    Start with a lower priced investment property and a smaller loan. As you will be, most likely, subsidising the loan repayments, there is less pain with a smaller loan if you are not receiving rental income during any period. Being able to sleep at night is always an investor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your sellin

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    some other features of the property – the numbers e.g. purchase price, rental return, supply of rental property in the market and potential capital gain, must stack up. These details, apart from potential capital gain, are readily available from real estate agents.

    2. Start small time – you will be able to sleep at night that way

    Start with a lower priced investment property and a smaller loan. As you will be, most likely, subsidising the loan repayments, there is less pain with a smaller loan if you are not receiving rental income during any period. Being able to sleep at night is always an investor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your sellin

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    able to sleep at night that way

    Start with a lower priced investment property and a smaller loan. As you will be, most likely, subsidising the loan repayments, there is less pain with a smaller loan if you are not receiving rental income during any period. Being able to sleep at night is always an investor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your sellin

    Saving for Your Future
    We all know that we should save money. But something so easy to say can be quite difficult to actually do.Saving money is the basis of building your financial future. However, many consumers are putting it off one more day. Those days turn quickly into years of lost money. Without savings, the chances of meeting long-term financial goals and achieving financial security are quite miniscule.In order to save money, you have to control your finances. Saving has nothing to do with how much you make. It has everything to do
    nvestor’s objective.

    3. Treat your property investment as long term

    Unless you have bought a red hot bargain, you won’t be able to achieve substantial short-term gains and you need to be able to recover your purchase transaction costs such as stamp duty and legal fees together with your selling transaction costs. Of course, capital gains tax also comes into the equation when you sell. Capital gains tax will apply when you make a profit after owning the property for more than 1 year (from purchase exchange of contracts to sale exchange of contracts)

    4. Either buy locally or within driving distance from home

    It’s reassuring to be able to regularly see the property and know that it still exists and you are likely to be more familiar with the market. This does not mean that you should necessarily be purchasing the property next door to your own home as it’s advisable that you remain at arm’s length from your tenant and enjoy some anonymity. If you do purchase in an area that you are not familiar with always ensure that that obtain an independent valuation on the property you are purchasing even where you are using your own home as security.

    5. Engage the services of professionals

    It makes good sense to use the services of an accountant, a lawyer, a realtor and a mortgage broker to assist you in purchasing and managing your residential investment property.

    6. Obtain advice from your accountant regarding the name in which the property should be purchased and the loan obt

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