A cashflow positive property is when your rental income exceeds your mortgage repayments, rates and other costs. It means that the property is self sufficient and doesn’t usually need a ‘top up’ when your mortgage repayments or other expenses are due. Unfortunately these types of properties are quite rare!
Tag Archives | buying a property
One of the best things you can do when buying a property to renovate for a profit is to buy under value to begin with. Why pay retail when you can help a distressed seller (buy their property at a discount), renovate it well and make a tidy profit.
There has been a very important Supreme Court decision relevant to all people using the standard form ADLS/REINZ agreement for sale and purchase, whether for residential or commercial deals.
For first home buyers the next few months are shaping up to a good time to buy and there are three reasons for this. Firstly, we are seeing a decline in property prices as winter sets in. Some property investors have reacted to the last budget by choosing to sell and this has had an impact at the lower end of the market.
This is a question I hear a lot when I discuss our property portfolio with friends but before we go into the details we must remember some very valuable advice that John Fitzgerald from Custodian Wealth Builders gives us.
With the property market showing signs of improvement and First Time Buyers out looking for property I thought it might be useful to share my experiences in the current market.
Many buyers approach the home buying process, probably the biggest financial transaction in their lives, unprepared.
A leading property investor has questioned why people on above-average wages cannot afford to buy a home after a report predicted dramatically falling home-ownership rates.
An essential is a pre purchase check list for buying property for investment purposes.