There are so many attractive reasons why you should invest in property, but we know the number one reason is money.
So how exactly do property investors make money in property investment?
Here are 3 ways successful property investors make money:
1 – Property Value Increase
The longer you hold your property, the more grows and the more valuable it becomes. And with this equity, you can withdraw those funds to reinvest or purchase items. This is how many of our clients use their deposits to purchase an investment and then use that equity to finance weddings, holidays, education, and so on.
2 – Rental Income
Pretty simple. You have an investment property, you find a tenant, that tenants rent pays your mortgage repayments (even at times paying more than your required repayments) and this income is considered part of your income when you’re applying to finance an additional investment property.
3 – Tax Refunds
As a thank you from the government for solving a problem they’re actively trying to solve (housing), you’ll receive a nice chunky tax refund for your investment. It all depends on your property, but you can expect to receive $5000 – $8000 per property, each year. That’s on top of your normal annual income tax return as well.
This is only the tip of the iceberg on how investors make money, but you can see here just how buying an investment property can help you get ahead financially as opposed to buying a home to live in.
So if you want to know more about how you can get your foot into the door, then get in contact because at JR Prosperity, we help everyday Australian’s just like you, enter the NSW property market with brand new homes from just $650,000, so if you want to know how, then get in contact on 1300 522 562 or email firstname.lastname@example.org
When considering an investment property with positive cash flow, it is important to make sure it is suitable for your specific financial goals and objectives. Remember to do your due diligence and if you need advice; JR Prosperity Partners can help you decide if this is the best strategy for you.