A Property like This Can Pay for Itself Outright in Around 7 Years
One of our clients saw their property’s cash flow increase 192% in the first month. That translated into an extra $1,885 that month from their property, that’s around $22,000 extra per year, net.
This property was perfectly suited to short term letting and if they continue with this strategy they’ll be looking at about $50,000 annualised gross. Nearly half most people’s retirement income goal in just one deal.
Settlement Date: November 2015
Purchase Price: $549K
How we chose this property:
Close to the CBD
Specific short term letting features
Walking distance to points of interest
Award winning developer
Quality fixtures and fittings
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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…