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Dino Livanidis
And where to invest? Queesnland, Melbourne, Perth or Sydney? Isn't this one question you would love to have answered an answer for.....So then you can make heaps of MONEY? This would have to be one of the most asked questions I get on a daily basis. But do you know what it comes down to at the end of the day? Can you comfortably do it or not? Can you afford to invest in a property and does your Cashflow allow it? What are your long term goals and does this play a part in it? If it does, then just do it. Forget about trying to determine the property cycle and where the growth is, because by the time you have read or heard about it, your too late... the growth has already been there. Do you want to be a follower or a L-E-A-D-E-R. This is one of the points I cover with my clients on their six monthly reviews, because a majority of the time when my clients call me and start telling me how they can do another investment straight away because the property they have isn't really costing them as much as they thought. I've seen people wait for the right time to invest, but let me ask you, "When is it the right time to Invest In property"? How many times have you sat around a table with friends and said, "You know, if I had purchased that property back then I would have made a fortune today." I know you are agreeing with me and laughing because its happened to you to hasn't it. I hear this from almost every client of mine in their six monthly reviews. They say to me, "Why didn't you force us to invest into two or three properties instead of just one back then? We would have made a fortune today!". Can I ask you, "do you know what holds people back from Investing into Property?" It's not the money - Let me explain why....If you put aside $80 (eg) a week for your future, in 2-3 months I could almost guarantee you wouldn't even notice it missing. What people have a hard time getting over is the psychological aspect of debt, which I attribute to a lack of education. What is Good And Bad Debt Bad Debt- Something that is loosing value every year. Eg- Car, Motor Bike, Plazma TV, Sound System, Caravan etc. Good Debt- Something that is going up in value over time. Property, Shares, Stocks, Super, etc. If you knew the answer to every concern that comes up when investing, wouldn't you agree that you would have nothing to worry about? Just like your first job, you wondered how this and that was done and once you were shown, what did you say to yourself, "Oh is that it?" This is one of the reasons I help my clients all the way from the start to finish when investing. They then get confident and start doing it all themselves. When people first start out they just think of the debt, but you must understand, that we are so used to taking full responsibility of our own home debt, we can't understand that people (The Tenant) and the Government (Tax Dept) are actually going to help us invest. With an investment, you have the tenant paying for almost half of the expenses and the tax man paying another portion of it and you just contribute the smallest portion. How do you think people can purchase multiple properties? If you go to the bank and ask for a loan to purchase a home they will only give you so much money, but if you ask for an Investment Loan they will give you a lot more money… why? Because they know you're getting rental income and tax break from the investment. Please understand what I'm saying here, Property Investment is good debt. Buying a car, boat, motor bike etc is not building you wealth. You should now have your answer to "When do you Invest In property"? Sign Up & Get Your FREE 20 Page Report and Weekly Property Tips. http://www.npis.com.au/investment-property-signup.html Wishing you all the success, Dino F. Livanidis, 0418-872280, www.npis.com.au NPIS teachers people how to Invest in property the right way, get your Free report "The Ulitmate Guide To Property Investment" and also get free tips weekly on everything you need to know about, Property Investment, Taxation, Finance and much much more, go to www.npis.com.au to sigh up now. Article Directory: Article Dashboard Other articles from Investing... |
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