1. Finding a Good Real Estate Agent
One of the most important elements when choosing the right real estate agent to represent you is trust.
This is essential to making the investing process easier and getting the most out of your investment experience.
Our Agents here at Chambers and Frewin work hard in getting to know all of their clients and what they want in their investment property. Our agents then aim to take their clients through the process, keeping them well informed and making the process easier and stress-free.
2. Generate Rental Income and Yield
One of the greatest benefits of owning an investment property is having the opportunity to rent it out. If you can get a tenant to pay enough rent to cover your expenses you are effectively getting someone else to buy the property for you.
If you are getting more rent for your property you will have money left over for positive cash flow and profit, helping you fund lifestyle choices.
3. Tax Benefits
Investing in property has the ability to help you gain tax advantages:
If you are losing money on your investment property (negative gearing) you can offset this against your income and save some tax.
You can also claim depreciations on fixtures and fittings which amplifies your overall tax savings.
You can even claim visits to inspect your property while there are inspections conducted.
4. Long Term Investment
Investing in property has many more benefits as properties as more properties are being built over land and therefore taking over its value.
Due to inflation the prices of rent aren't going to be lowering any time sooner thus having the ability as an investor to gain more positive cash flow.
Investing in property is better than investing in shares as the market doesn't fluctuate as heavily as any other stock market does.