Financial success or independence may be a goal for many Australians, but few actually achieve it. Why is that? To start off with, many people don’t understand the financial basics that can help them move them from being a wage-earner for 45 years of their lives to retiring many years earlier – if they choose too.
If you think that property investment expenses end once you buy a property, you’re wrong! Investing in property requires an ongoing input of cash – and sometimes it’s when you least expect it. Don’t get me wrong: investment grade property will also deliver more than enough capital growth to make up for the expenses along
When I first started investing people had a personal relationship with their bank managers, but things have changed significantly over the last few decades. The fact is when you go into a bank, you are on your own when it comes to your own financial interests. Everyone may be friendly and eager to help when you walk
I’ve said it before: it’s always been difficult to buy your first property. No matter whether it was the 1960s, 1990s or now, scrimping and saving for that deposit takes discipline and dedication. Now I admit that with property prices in Sydney skyrocketing, saving the necessary funds to buy a property has become harder still.
I know that many property investors are a little intimidated by the thought of bidding at a property auction. I can understand why – auctions are an emotional and exciting event. Even after bidding at hundreds and hundreds of auctions I must admit I still get that surge of adrenaline every time I bid. Then
Just because you’ve taken the leap from homeowner to property investor, doesn’t mean your financial fortune is assured. In fact, it doesn’t even mean that you will start making a profit in the short term, or that you are on your way to owning a sizeable portfolio. The reality is around 20% of those who