INVESTMENT PROPERTY LOANS
It’s always a good time to look at investing in property and you don’t have to be a property tycoon to do it. Many people who have come to Assured are ordinary mums and dads, singles, average income earners and so on. So if you’ve ever thought about investing in property, chances are it’s easier than you think.
Assured’s Top 10 Reasons to Invest In Property
Assured Investment Property Client example
Let me tell you about a real life Assured Home Loans client who first came to us back in 1998.
Joe first came to Assured looking to purchase his first property. His first purchase in 1988 was a unit in Tusmore valued at $84,000. By 2002 the property value had increased to $165,000. With the built up equity in his home, Joe bought another two properties; a unit in Campbelltown for $100,000 and another in Paradise for $75,000. Joe did not use any additional cash savings to purchase these new properties, just the equity in his existing property. Jo simply leveraged off the current property he owned, the equity that had built up in his very first investment. By 2007 the three properties, which were bought for a total of $259,000 were now worth $570,000. That’s an increase in wealth of $311,000! Ask yourself, could you save that much cash?
Joe didn’t stop there, however you can see through these 3 purchases and the equity building up each year just how powerful it can be using leveraging equity and duplicating the process with investment properties. Duplication is simply when you repeat the process each time there is sufficient equity in the properties you own.
It only takes one investment property to get started! If you have equity in your home or cash in the bank earning minimal interest, now is this best time to get started with your first investment property.
Please remember that with all investments you should always talk to your accountant and/or financial advisor for advice.