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Getting Started With Rental Property Investment

Aug 25, 2020

Buying a rental property means that you will own a home for a while, potentially forever... if you plan to leave it for you kids as an income mechanism.  So to get yourself ready to buy your first rental property here are some steps to get your there.

1. Check out your credit score

It is a good idea to always be up to date about what your credit score is whether you are looking to a buy a property or not.  But it is especially important for bond applications that you have a high score and a clean record. It takes so much time and effort and negotiations to find the right rental property that you really don’t want to get to the end of the process just to find out that there is some surprise waiting for you on your credit record (that might be completely wrong) and could cost you losing the property and with it all your hard work and dreams of starting a rental property portfolio.  

If your score is low, don’t despair there are also some basic things you can...

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4 things to analyse before you buy your first investment property

Aug 18, 2020

I think I enjoy scouting and hunting for a new deal even more now that I did when I started with property investment.  I like to tell myself that it is just because I now have more experience working with agents and doing numbers in my head so less pressure when I’m out there, but secretly I just love looking at houses and finding the diamond where everyone else is seeing a mess….That moment you when it hits you (normally as a very stinky smell straight in the nose) and you realise that this is the real deal, is just like no other feeling on this planet!

However when I just started this process caused me lots of sleepless nights and stress over mulling over the questions floating in my head…. Is it really as good as I think it is? Is it really a great buy? Will it give me the profits I need in the time frame I need it in? What if I don’t get tenants? What if I can’t sell the property for the money I put into it? What if what if…. And so it...

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