Onions too please…
Is it just me or is the best thing about election day the sausage sandwiches with BBQ sauce that they sell at the school polling booths???
But the election is over, so now what?
And like every other election, the day after brings nothing new to your individual life.
If you had been waiting for the decision on the election before deciding whether to invest or not, what you have done, by procrastinating, is limit your opportunity to now gain an awesome bargain on a property.
How? wHy?
With the lowest interest rates we have seen for a very long time and it’s Spring already… those pro active investors who already have their finance pre approved and are either looking themselves or have a Buyer’s Agent sourcing for them are already out there buying… I did warn you in June this year though.
We currently have the longest waiting list we have ever had. As this goes to print, I am in QLD eyeing out my new secret location. Getting my feet on the ground and of course looking for a bargain for myself. The business works around my own personal investing. As there are way more bargains that I can purchase for myself, I then offer the same locations to clients.
This new location will help those investors on our list who don’t mind where they invest as long as the fundamentals are spot on for what I look for I look for, so watch this space…
But, there is still time to get in… but as rates get lower the deals are getting harder… I see less than 6 months in our current WA location given the deals are getting tighter.
I’m also going back to researching again in the next few weeks as I want to get a little more aggressive again on my own personal investing and continue to keep buying across further markets, which in turn will hopefully turn up a third location for wHeregroup investors…
For those a little more conservative or cautious with investments but would like to get into the market… think about this:
Interest rates are at 5% and may come down further. Yields where we are investing currently – over 6%. Even if you invest using equity in your home, meaning you are borrowing the deposit and all the costs – so 105%, the property will still be cash flow positive, meaning it won’t cost you to hold the property… but to help with the stability of this investment, why not look at fixing this loan for 5 years, that way your repayments will never change but the rents will increase.
That means the property will only become more cash flow positive each year..
For the first time I will be offering my research for sale as well which may bring some comfort to many conservative investors.
Now if that doesn’t get you all excited about investing, then maybe property investing is not for you…