Are you planning to buy an investment property? Many rich people in the world have gained their wealth from real estate business, and this can be a great industry to invest in. However, as in case of any investment, it is important for you to be well-aware of various things prior to putting your money into purchases. And this is where a Property Investment Advisor can help you out. Here are 3 types of advice that a property investment advisor in Adelaide can give you.
Legal Obligations
When you buy a rental investment property, you have to be aware of the landlord-tenant laws in your locality and state. For instance, it is essential for you to be aware of your rights as a tenant as well as your obligations with respect to fair housing, eviction rules, lease requirements, security deposits etc, to be able to prevent legal issues in future.
Down payment
Typically, a bigger down payment is needed for investment properties as compared to properties that are occupied by owners. The approval requirements for these properties are more stringent. For an investment property, the 3% that you might have paid on the home that you live in at present is not feasible for some investment property. The down payment can be obtained via a personal loan, or some other type of bank financing, as while buying property with SMSF, Adelaide.
Location
A Property Investment Advisor can also advise you about the best location to buy a property in, such as an area with low property taxes, many amenities like movie theaters, restaurants, malls and parks, and a nice school district.
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