Buying your First or next investment property

As you may be aware, seeking guidance from a financial professional is essential when making investment property decisions. At Ingenious Finance, we are dedicated to providing expert advice tailored to your specific needs. While we highly recommend consulting with one of our mortgage specialists for personalized guidance, we can offer a general overview of the advantages and risks associated with property investments. Invest in the ideal location for your investment property, ensuring strong tenancy demand and appeal to owner-occupiers to succeed in the journey of property investing. Prior to initiating your property search, it is advisable to secure home loan pre-approval to ascertain your borrowing capacity. Take the time to organize your insurances and familiarize yourself with investment property tax deductions, as they can significantly impact your cash flow and transform a negative investment into a positive one.

Advantages of owning an investment property include:

• Rental Income: Your investment property can generate rental income that covers all expenses, including loan repayments, maintenance, and property management. Our mortgage specialists can assess whether the property is positively geared and how it can contribute to your overall investment portfolio.
• Tax Deductions: If the rental income falls short of covering the property’s expenses, you may be eligible for tax deductions. Our experts can guide you through the potential tax advantages of negatively geared property investing and determine its relevance to your specific circumstances.

Risks to consider when investing in property:

• Interest Rate Fluctuations: Changes in interest rates can impact your costs, particularly if you have a variable rate property loan. Our mortgage specialists can help you navigate the potential risks associated with interest rate fluctuations and assess the suitability of your investment under different scenarios.
• Maintenance and Property Management: Investing in property demands time and effort, including tenant acquisition and property upkeep. If you prefer a more hands-off approach, our team can connect you with professional property managers who can efficiently handle these responsibilities on your behalf.
• High Entry Costs: Saving for a deposit on an investment property loan is an important consideration. Additionally, you must account for expenses such as stamp duty, inspection costs, and potential renovation expenses. Our mortgage specialists can assist you in evaluating these costs and exploring financing options.

While this overview serves as a starting point, scheduling a consultation with our Ingenious Finance mortgage specialists is crucial. They will analyze your specific circumstances, financial goals, and preferences to provide comprehensive advice tailored to your unique situation. Contact us today to embark on your property investment journey with confidence.

Seek Professional Assistance Today

Let us guide you in achieving your dream of purchasing an investment property. At Ingenious Finance, we understand that navigating through this wealth of information can be overwhelming. Reach out to Srujan at 0421781660 or simply fill out our electronic form with your details. Rest assured, regardless of how you choose to contact us, our commitment remains unwavering in assisting you in turning your real estate aspirations into a reality.