Property investment tip 43: How to become a property investor (Part 2)

In last week’s post, I discussed four key tips on how to become a property investor. These key tips were to: educate yourself about the property market; don’t be afraid of debt; don’t wait for the property bubble to burst; and identify property hotspots before everyone else. In this week’s post, I’ve highlight the four more tips on how you...

Property investment tip 42: How to become a property investor (Part 1)

So you’ve decided you want to be the owner of many properties. But how do you actually become a property investor? The good new is that you don’t need a university degree to excel in property investing. I don’t have a property degree but still managed to buy four properties by the time I was 30. Learning how to build...

Property investment tip 41: A very important fact buyers forget about when selecting a mortgage lender

When potential buyers find a property they want to purchase, they focus on securing a loan with a mortgage lender who offers the lowest interest rate. This is good practice, but people always forget to think about another very important thing: Customer service. Yes, you heard me right. Your experience as a customer is just as important as your interest...

Property investment tip 40: Should you apply for a second mortgage with your current lender or a new lender?

Should I apply for a second mortgage with my current lender? Or, should I apply for a second mortgage with a new lender? These are two common questions many new investors ask themselves before buying their next investment property. Before you decide, there are two key factors which will significantly impact your decision: your residency status and your credit history....

Opinion: To retire early, how many properties should you own?

The more properties you own, the more rental income you’ll make, and the more capital gain you’ll acquire. When you accumulate more wealth, in theory, you can retire early or earlier. But the reality is most people cannot buy properties endlessly. So, how many properties do you need to own to retire early? I believe you need to own three...

Property investment tip 38: How much rent to charge your tenant

Many landlords assume how much rent to charge your tenant should be on par with the rental prices of neighbouring properties in the same location. Such landlords are limiting their rental income potential. Don’t be one of them. If your property is in a well-maintained state and you’re not in financial difficulties, always set your rent a little higher than the...

Property investment tip 37: Your property manager or strata manager will not always help you

The property manager (or strata manager) is the main point of contact for landlords and tenants who own or live in multi-unit buildings. As such, people believe property managers can fix every building problem. This is not true. The property manager informs the Body Corporate Committee (or Strata Committee) of a problem. The Committee makes a decision and gives instructions...

Property investment tip 36: Renovating a property to attract more tenants and buyers

Renovating a property can significantly increase the value and attract more tenants and buyers. But with a thousand ways to renovate a property, where should you begin? I’ve renovated four properties, and have concluded that, there are three key features of a property which have the greatest impact on a buyer or a tenant’s first impression. These three features are...

Property investment tip 35: Is it better to buy a house or an apartment?

Should you buy a house or an apartment? Some people believe buying a house is a better investment because the real value is in the land. Land increases in more value than buildings over the long-term. Other people prefer investing in apartments because they offer an affordable entry into competitive property markets. Regardless, houses and apartments are both good investments....

Property investment tip 34: Beware of buying a property with a flat roof

A roof top is flat or slanted. Before buying a property with a flat roof, obtain a building inspection report detailing the state and age of the roof. Repairing a damaged roof is one of the most costly expenses for a property investor. Think twice about buying a property with a flat roof Two of my properties have flat roofs. The opportunity of owning...

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