For property investors, one of the on-going challenges is keeping costs down. The purchase cost is sunk, and rates and taxes, and other costs are not directly controllable.
But a property with gearing provides the owner with some strategic choices; and making the right choices at the right time can make a big difference to the yield over time.
This article from Michael Yardney at YourMortgage.com.au offers some tips.
Investing in real estate is a costly business but there are plenty of strategies you can use to maximise your money and ensure your dollars are working as hard for you as possible.
Tips discussed include:
- the use of interest-only loans
- spread lenders and securities
- maximise depreciation claims
- leveraging insurance
- buffer accounts for cash management
Read the full article here: Via yourmortgage.com.au