This is also one of the common real estate questions that new investors ask before getting into the business. As a result, many beginner real estate investors tend to be confused about which strategy to use.However, the best real estate investment strategy for you will depend on the amount of time and money you are willing to invest. It is also important to consider your long-term real estate investment goals.
However, this process is a bit complex and time-consuming.You can turn to CoreLogic’s real estate tools to quickly and accurately perform real estate market analysis and investment property analysis to locate profitable investment properties around Australia. When you subscribe to our premium level you can access this at a discounted price.
There are a number of options when it comes to investment property financing. If you dont have enough money for a down payment, you will need to be more creative. There are a number of ways for new real estate investors to get started with little to no money down. Here are some strategies you can consider:
There are a number of ways for new real estate investors to get started with little to no money down. Here are some strategies you can consider:
Real estate education is critical to successful real estate investing. There are several other sources you can use to learn the real estate basics, both free and paid. Some of these sources include books, podcasts, blogs, newspapers, etc. For example, you can learn more about real estate investing through CJInvestiment Academy for free.
As a beginner real estate investor, you should consider purchasing an investment property that is close to your home. It is advisable to invest in an out-of-state property only after gaining enough experience. On the other hand, you may find that homes in other parts of Australia are more profitable or more affordable than those in your area.I have done so with my first family units when house property prices were lower in Perth than the same units in Melbourne.
Owning an investment property comes with some responsibilities. Finding tenants, doing maintenance and repair work, attending to tenant’s issues, dealing with taxes, etc. You can choose to do all these tasks on your own or hire a professional property manager. However, the choice to hire a property manager will depend mainly on your budget and time availability.