Investment loans | Mortgage Broker in Altona, Wyndham Vale, and Laverton
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How to start investing in property
Investing in the property market is a common process where an individual will purchase a property to generate an income through the property's appreciation. Property investors will typically subsidise their mortgage repayments by renting out the property to tenants, decreasing their overhead while the property appreciates.
Getting started in the property market as an investor may be easier than you imagine, depending on your circumstances. If you already own a property, you most likely have equity that has been generated over time. This equity can be used as a deposit on your investment property, saving you the trouble of saving tens of thousands of dollars.
The best way to get started on your investment property journey is to speak to your local mortgage broker and discuss your options. Everyone will have unique pathways that suit their financial needs, and finding the right fit is a breeze with the assistance of a trusted broker like Shashi Velpula.
Ready to start investing? Reach out to Shashi Velpula on 0424 779 780 today.
What makes a property a worthwhile investment?
All properties are unique and provide different avenues for value to be perceived. As such, it can be hard to determine what makes certain properties worthwhile investments. However, there are a few key features of most great investment properties that can be indicators of a great investment opportunity.
Some of those features include:
- Location - being situated near lifestyle amenities like beaches, schools, and national parks
- Storage - have ample storage facilities within and attached to the home
- Fully functional - if the investment does not require any repairs or renovations
- Low maintenance - small gardens and manageable home features
If a property doesn’t have all of or many of the above features, it doesn’t mean it can’t be a great investment opportunity. With guidance from your local mortgage broker, you’ll be assisted in determining if a property has the potential to appreciate over time, and will be provided options to get the ball rolling.
To start your investment journey and prepare for your future, reach out to Shashi Velpula today on 0424 779 780.
As your Mortgage Choice broker for Altona and the surrounding suburbs, Shashi can help with any property or finance inquiries you may have, including:
