When it comes to investing your money, there are few options more popular than property investment. But what’s the best way to go about it? Well, that all depends on your situation and future plans.
In some cases, investors may look to find a dilapidated property that they can acquire at a good price, renovate the property, then up-sell and profit from the difference. Whilst a short term strategy, this can certainly prove to be a highly lucrative option.
Rent out the property.
Depending on the property location, and current rental prices, it may be a much more lucrative option to simply rent out the property and use it as another source of income. This is typically a long term strategy, and is popular for anyone looking to help fund their retirement.
By negatively gearing your property, you can take advantage of a number of tax benefits, which may be ideal for your current financial situation. In these circumstances, it is always prudent to seek the advice of an expert in these matters.
If you have considered purchasing an investment property in the last few months, then get in touch with our SmartFinance team today (either on 1300 995 995 or via the contact form on the right) and let us guide you through the investment process and beyond.