I know most people on here are still in high school/university but I was just after someone with some experience in investing in real estate. Just wondering what sort of indicators you are looking for before making a purchase such as gross rental yields and capital gains (how much is considered "good"?- not sure if this is a really stupid question) as well as anything else which is worth considering. Completely new to this so any information would be great, thanks!
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Real Estate Investment (1 Viewer)
- Thread starter Jinks
- Start date
nexusbrah
Harvey Specter of IB
- Joined
- Jan 31, 2013
- Messages
- 635
- Gender
- Male
- HSC
- 2014
I may not be the best to give advice but from experience (parents own couple of properties).
I would suggest you buy into apartments close by to public transport. You should be looking at apartments and houses close by to see how much rent they charge and work out according to your loan if you will be making any capital gain. An investment my parents bought has doubled in value in under 10 yeras and we make around 6-7k on top.
Just my 2 cents. I hope to start investing in real estate young
I would suggest you buy into apartments close by to public transport. You should be looking at apartments and houses close by to see how much rent they charge and work out according to your loan if you will be making any capital gain. An investment my parents bought has doubled in value in under 10 yeras and we make around 6-7k on top.
Just my 2 cents. I hope to start investing in real estate young
I may not be the best to give advice but from experience (parents own couple of properties).
I would suggest you buy into apartments close by to public transport. You should be looking at apartments and houses close by to see how much rent they charge and work out according to your loan if you will be making any capital gain. An investment my parents bought has doubled in value in under 10 yeras and we make around 6-7k on top.
Just my 2 cents. I hope to start investing in real estate young
That's my aim as well, thanks
Drifting95
Should i change my DP?
There are various indicators apart from the general ones like rental yield such as:
-population growth
-infrastructure development from both public and private sectors
-the zoning of the local area and if any changes are being made to this
-% of owner occupiers/renters
These can give an indication of potential future capital growth. Look at historical data, but don't solely use it to determine your purchase.
Check this site out, it has been really great in the learning process for me http://www.propertyinvesting.com/
-population growth
-infrastructure development from both public and private sectors
-the zoning of the local area and if any changes are being made to this
-% of owner occupiers/renters
These can give an indication of potential future capital growth. Look at historical data, but don't solely use it to determine your purchase.
Check this site out, it has been really great in the learning process for me http://www.propertyinvesting.com/
Thanks, exactly what I was after!
nice post like it