5 Helpful Investment Tips
Scared about getting a property investment? Here are 5 helpful investment tips in securing our financial future.
On using home equity
Use no more than 60% of your home equity as security or better yet, use the least amount of equity as security and set aside 6 to 12 months worth of mortgage repayments.
Hire a quantity surveyor
Hire a licensed quantity surveyor to help you reduce your tax. Ask for your property’s property depreciation schedule before deciding to rent the property.
You can choose to contribute more financially to annual property costs through negative gearing. Ask your accountant to better understand gearing and how it can reduce your tax or increase your income.
Research the Market
Make sure you know well which type of property you want and which areas can cater your preferences. Use credible sources to get to an informed decision with your investment.
Get everything covered. Know your investment goals well and how you can reduce risk.
Check out the complete article by eChoice here.