How do investors & renovators find trouble in property investment?
THE AVERAGE INVESTOR: Let’s talk about the average investor investing in similar property. In our experience, this investor doesn’t get approval for enough finance. Unfortunately, you need even more than ‘just enough’ to invest in property. There are always going to be costs involved and there are also always going to be concerns. What if a tenant doesn’t make rent one month? What if there is water damage you are liable to fix?
THE SOLUTION: Once a property is settled, you will have the capacity to withdraw $10-20,000 dollars for anything.
Need time off work?
Unexpected lifestyle expenses?
We like to leave wriggle room for our clients so that they can always live on the safe side financially.
“Investing on a conservative basis means you don’t have to stretch yourself financially”
THE AVERAGE RENOVATOR: When it comes to renovation, there are a lot of people who head into a project thinking it will be mostly DIY and an easy, fun experience. Well, thanks to reality TV that is a lot of people who are actually a little disillusioned!
Renovators can make money in a strong market but typically it’s hard going. By the time that they have bought it to the moment they sell it, there are sure to be surprises and extra costs blowing the budget out further and further. In today’s market, access to trades and material is a real concern. Therefore, these ‘mini’ investors go broke more often than not.
The major reason for this is they don’t realise they have just gone into business without a great deal of knowledge.
THE SOLUTION: Rather than buy, renovate and sell repeatedly, we recommend buying, collecting income, reducing debt and accessing any capital growth in your portfolio before investing again. Investing on a conservative basis means you don’t have to stretch yourself financially and you won’t be taking unnecessary risks on the project itself. You end up with a property that’s producing income from virtually day one.
We have found that with 90{830d1043633127e1fb46cc80e8e725429e813d4a1f208e7acb534f94035a1f28} of people these are the superior investment strategies!
If you would like to find out about the developers that we work with here at Profitable Investment Concepts and the current opportunities that are on our portfolio, don’t hesitate to contact our team and we’ll match you with the right property for your situation!
