I was amazed to hear of yet another online property scam that is doing the rounds this week. The scheme targets tenants looking for rental accommodation.
The best lessons you can learn are those that come out of your mistakes.
We learnt a valuable lesson recently from one of our properties that, while it cost us several thousand dollars, the experience and lesson will stay with us forever.
The market got a little spooked recently when the Federal Government hinted that they might scrap negative gearing tax incentives I agree that changes need to made to superannuation to make it more progressive andthat the first home saver scheme be scrapped but they need to leave changes to negative gearing incentives off the table.
More property investors are considering Syndicate Investing which allows part ownership of larger investments – typically commercial or industrial.
This type of investing allows smaller investors to invest in larger properties that they would not normally be able to take part in. But there are some important considerations – not the least of which is that you will be investing with others who you don’t know and may never meet.
Positive cashflow means that you don’t have to reach into your pocket to top up any costs associated with owning an investment property. In other words, the income pays for all the outgoings. Sounds great and it is possible but you will have to do some work to find one for your portfolio.
