We’ve raised Rent on one IP and have advised another of our intention..which still keeps it just below Market Rent in the area.

I think the next few months will see many rents rising..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Wednesday, 27 August 2003

One of the fastest and easiest ways to get rich quick, according to twenty-seven year old charted accountant, property investor and author, Steve McKnight is to know the tips and tricks of property investment.

Steve began his investing by purchasing one house for $40 000, and in 3 ½ years has invested in around 170 properties.

By now it’s safe to say that Steve is an expert in property investment, and during his interview with morning presenter Tim Cox, mentioned some of his tips and tricks on buying properties.

Steve told Tim it’s best to avoid buying glamorous houses, and slums.

Steve said the best kind of property to buy is the neat and tidy, 3-bedroom kind, close to shops, schools and transport, because there will always be a demand for these “average” sorts of places.

The time of the year you buy is also crucial to the success of your investment.

Although properties are going for exceptional amounts in Hobart at the moment, Steve told Tim, “now is a good time to get in, because interest rates are low.”
Buying when interest rates are low ensures a cash flow,” which is also a positive thing.

Most people think that property investing is just for the rich and better off, but using the equity earned, and saved from your first buy, you could slowly but surely end up with a staggering 170 properties, just like Steve has. He also says that if you are looking to seriously begin investing in properties, that rental managers can be a smart choice.

Tim Cox suggested seven words of great advice for anyone looking to turn to property investment is “buy in gloom, and sell in boom!”

Steve McKnight’s book is called “From 0 to 130 Properties in 3.5 Years” and is an essential guide for anyone looking to begin property investing.

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Here are some property investment tips i’ve come across of late- of course they’re always debatable..

Anyone else have any “SUCCESS STORIES”? Especially your own..have you done a good deal recently?

Because of depreciation entitlements on properties (including the purchase price, the construction price and the land value), units generally provide higher depreciation and can often provide a better return than houses.

Keep your residential investments local. If you don’t know the market, don’t put your money into it.

Revalue your properties every year, so that you can use your additional equity to negotiate a larger loan, which you can reinvest.

If you find the right property, buy it. Don’t be put off by the economic cycle. Even in the worst recession, there is always a suburb growing in value and producing good rent.

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator