INVESTMENT / BUYING A RENTAL PROPERTY
Pinn Deavin Securities are able to assist clients with the purchase of affordable rental properties. Whilst many of these individual properties are located in Queensland (due to the comparable affordability of Queensland property over Sydney metropolitan area), properties are also available in Sydney.
The typical client who invests in investment properties owns their own home and has a reasonable level of equity in it but still has a mortgage on that home. By purchasing a $340,000 investment property, and rearranging their finances so that rentals from the investment property plus 'negatively geared' tax savings are applied to the home loan, the clients home loan is eliminated sooner. This happens whilst their asset base is increased over time by inflation of the investment property and the home.
Clients need to be aware of two things:
- if you buy an over-valued property this plan does not work, at least not for a very long time.
- property investment is a long term plan. You do it for 5-10 years, not to be an overnight millionaire.
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