What is meant by ‘No fees charged to clients’?
As we are Buyers Agents for you, and work with Real Estate Agents and Mortgage Brokers in this niche market. Builders and Developers pay us real estate commissions for properties sold.
While lending institutions pay brokerage for loans that our brokers organise for our investors.
What if I can’t get a tenant?
This is a serious issue. Investing in areas reliant on a single industry can be hazardous. I would not recommend mining towns for instance. Capital cities and major regionals tend to lower the risk of vacancy due to a diversity of employment.
Who will manage my property?
This is best done by a licensed professional property manager. Through his years of experience Greg will be able to direct you to the best person to do this task for you.
Tax refunds from property investment?
Property investment does open the door to tax deductions. Land appreciates, buildings depreciate. It is the building that an investor will gain tax benefits from. If the property meets requirements under taxation laws then things like interest is deductible, there are deprecations which can be written off against the owners income. I can show investors how to get these tax refunds in their pay either weekly, fortnightly or monthly to assist their cash flow.
Is it best to use an accountant?
Simple answer is yes. If you need a recommendation Greg can direct you to suitable qualified accountants
How do I structure the loans?
I see people who trot off to their bank manager and end up with their home cross securitised with an investment property, this is not optional, it’s much better to have a stand alone loan structure. When you understand that banks have different appetites for different properties it becomes obvious that getting your loans is not a do it yourself option. Greg has access to a range of specialised finance brokers who will structure your loans for your best effect.
Is my mortgage tax deductible?
Typically your home loan is not deductible however a separate loan taken from your home to cover deposit and costs for an investment property can be deductible. That would mean the interest on that loan is deductible if it is done correctly.
Can I pay off my mortgage faster if I invest in property?
Success is usually built on the back of discipline. If you are spending more than you earn you will never have enough money to live on. Money is a cruel master and unless you learn to master it you will be mastered by it. George S Classon wrote a book “The Richest Man in Babylon” nearly a hundred years ago which talks about the “Laws of Gold”. The concept of this book is. “Pay yourself first” and “put the money to work” we adapt these concepts into the loan structure so our clients can pay their home mortgage off much faster.
What caused the recent property boom?
Property in the early 2020s has been bullish right across Australia. It tends to go up in value then it has gone from cheap to expensive so the market may flatten out for a few years until it is perceived by the market at large as being cheap again then the cycle repeats. Factors that influence this are the number of people looking to buy and over recent years we had an influx of immigrants who have caused a situation of demand outstripping supply which saw once cheap properties become more valuable.
When should I buy considering the Property Cycle?
I talk with people everyday who are waiting for property to drop before they get in. They’re still waiting. I don’t look at real estate like shares where you buy cheap and sell dear. Hopefully you are not going to sell an investment property for 15 to 20 years and to settle your mind on this, imagine you could go back 15 years ago in any property market in Australia and buy it at that price. Would you be in front? Of course you would. The best time to buy is when you can.