17th May '08

Last weekend I was lucky enough to be invited to Brisbane with a group of sponsors to support the Crusaders team. Property certainly came up in our discussions & it was refreshing to hear more experienced investors being so positive about the homes with the guaranteed rents. As one fellow said, “I looked around to find a better investment as the guaranteed rents sounded too good to be true & I thought there had to be a catch. Finally after doing some research I eventually worked out that they were a no brainer & now I own four!!” The key to this conversation was do your research before committing to an investment property, speak with your bank to work out your borrowing capacity, know who you are dealing with, contact property management companies to compare rents, look around at options & get evidence of what you are being told. This might mean that you have to spend money on getting valuations, getting advice from an accountant who understands investment property & getting your solicitor to look at the agreement. If you really want to learn about investing in property, I suggest you attend one of our free 45 minute investment seminars- Stephen Pike will explain to you in simple terms the risks & rewards of investing in property. Enjoy your weekend.