Financial Freedom Through Property |
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Its Easier Than You May Think Q. How much money do I have to Earn to afford an investment Property? A. About $40,000 per Year Gross (Before Tax) Q. Do I have to own A house before I buy an Investment Property? A. Technically No but it helps. We can show you how to buy an investment property with no money out of your own pocket. Q. What about the Risks? A. There are risks with anything. The biggest risk is going through life working harder and hoping for the aged pension that may not be there. Investing in residential property has a lower risk than most other investments. All risks associated with residential property are manageble. We can show you how. Q. Will the rent cover the mortgage? A. In most cases the rent combined with the tax breaks, will cover most of the mortgage. The aim is to get the investment as close to cash flow neutral as possible. We can show you how much per week it will cost you before you buy. Q. The Rent combined with the Tax Breaks? I only get my tax return once a year. How do I afford it untill then? A. We arrange with your accountant to fill in a variation form. This is sent to the tax office. They then send a direction to your employer instructing them to take out less tax each week. Q. My accountant says I can't afford to buy a property. Shouldn't I Listen to them? A. An accountant is a very important part of any business. Not many accountants are property investors themselves. Ask yours if they invest in property. If they say "no" and you definitely want to invest in property, it might be time to start looking for an accountant who does. Be prepared to spend a long time looking as in my experience, a good property accountant is difficult to find. We have Accountants that we deal with that we can refer you to. |
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