Secrets to Buying Investment Properties - Strategies You Must Know
Secrets to Buying Investment Properties - Strategies You Must Know
💡 Here are a few key strategies:
1️⃣ Research the Market: Focus on properties near metro stations and within a 100km radius of the CBD. Look for areas with growth potential and high rental demand.
2️⃣ Consider Land Size: Purchasing larger parcels of land allows for potential future developments, such as tiny homes that can generate extra rental income.
3️⃣ Explore Short-Term Rentals: Consider turning your rental properties into Airbnb units. This can significantly increase your cash flow compared to traditional leasing.
4️⃣ Understand the Valuation Process: Knowing your property’s value is crucial as it determines how much you can borrow. Always get a professional appraisal before making a purchase.
🚀 Remember, planning and research are key to successful property investment!
If you have any questions or need assistance, reach out to us at Loans AU.
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