Sam Saggers+ - July 28, 2014, 2:56 PM
1. Sort out your finances before you buy
Clear out as much bad debt as possible
Find a finance broker who is not only familiar with property investing, but is an active investor himself
2. Educate yourself
Take the time to learn about property investing. No matter how long you invest in real estate there is always something new to learn.
Read some books
Attend property investing and finance seminars
About economics and how to study a market
How ... Continue Reading »
Sam Saggers+ - July 14, 2014, 2:47 PM
Why do you want to invest in property? “To make money of course,” you might say. Well yes, you will make money investing in real estate; however, I sincerely doubt that “making money” is your end goal.
Perhaps you started out with the desire to give your children a better educational opportunity than you had. Or maybe you’ve dreamed of setting up your own business or retiring at a young age to travel the world. Possibly, you simply want to stop punching a time card.
Sometimes - ... Continue Reading »
Sam Saggers+ - July 8, 2014, 2:54 PM
Sometimes it pays to go it alone when investing in property. Sometimes it doesn’t.
Knowing what to do if you choose to partner up with others to invest by means of a joint partnership is vital to your success - both in terms of finances and relationships.
Personally, I favour investing in property primarily on my own accord; however, there have been occasions where I’ve needed to team up through a joint partnership to achieve success.
Why A Joint Venture?
Sometimes, investing ... Continue Reading »
Sam Saggers+ - June 30, 2014, 2:49 PM
Serviceability describes the ability of an individual to repay a loan. Factors used to determine serviceability include the loan amount and the person’s income and expenses.
Known as the debt service ratio, this figure represents a calculation of the percentage of your monthly income that is apportioned to debt expenses. The maximum acceptable debt service ratio for most lenders is between 30 and 35 per cent.
Understanding what serviceability is and, more importantly, how you can have a ... Continue Reading »