mAKING mONEY FROM pROPERTY

There are a variety of ways to make money from property, and depending on your circumstances, either one or a combination of all may fit your criteria. In this article we are going to look at just a few strategies you can use.

Buy and hold;

The buy and hold strategy is probably the most popular amongst investors and is a long term investment. Ideally here you are looking for a new or near new house/unit that is in a well structured suburb or regional area with future developments in place, a variety industries in the area and a high level of local infrastructure.

Buying off the plan;

Buying off the plan involves committing to the purchase of a property before it is built. Used correctly, this strategy can provide you with a discount in most cases due to the fact that there is usually 12-24 months between signing and settlement. The property can increase in value in this time, providing you with a nice profit before you have even purchased.

Renovating;

Renovating is a very popular strategy as it is can be fun and very rewarding. Ideally you can start with your home and then once you have created some value, refinance and release some equity so you can move onto another property and repeat the process.

A lot of property investors do this for a living, and the beauty of this strategy is while you are creating value on the actual property value you are also increasing the rental value, which eventually compensates any shortfall between rent received and mortgage payments.

Whichever way you decide to go, providing you stick to a plan and stay committed and focused you are bound to succeed.

These are just a few of many strategies you can use to make money from property. To find out more you can visit my website below.