How Much Equity Can You Make in 1.5 Years?
Today’s market can be tough! We still believe you can make money in any market, if you get the right advice. One of our Lifetime Mentoring Clients purchased a beauty early last year!
Settlement Date: April 2016
Purchase Price: $359,500
Recent Valuation: $450K
Equity on Completion: $90,500
Weekly Rent: $365 (5.28% yield)
How we chose this property:
- Amenity within walking distance
- Growth drivers present
- Off-the-plan strategy
- 20mins from CBD
- Good communal areas
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When it comes to property investment there are some things you can never have enough of.
When it comes to property investment there are some things you can never have enough of. Good tenants, reliable builders, a great relationship with your bank.
But more than anything what you need is good cash flow.
Having a steady income of cash means never having to dip into your own pocket to top up repayments, complete repairs or make another purchase.
Here are the top five ways you can ensure the cash keeps flowing, so you can keep your investment portfolio growing.
Don’t be caught without it.
As a property investor who is building a portfolio, it’s vital that you have access to your equity whenever you need it.
There’s nothing more frustrating than finding that perfect new property to purchase, only for it to be held up – or worse still, lost completely – because your finances weren’t in good shape.
Having an interest-only loan structure with a healthy off-set account is a great way to ensure you have equity at your fingertips whenever you need it, but that’s not the only way…