Are you thinking of buying an investment property? Investing in real estate is a good opportunity to build wealth and achieve monthly cash flow. But do you know the true holding costs of property investment?
What are these ongoing costs when making investment property and how much of these costs do you need to take into account to understand whether a property is going to be positively geared or negatively geared?
Investment property expenses add up and can fluctuate over the course of ownership for a range of different reasons, whether it be unexpected repairs, rising interest rates or changing market conditions. As a responsible investor, it’s important to plan for these future expenses and factor them into your number-crunching before making a purchase.
RisMedia’s HouseCall suggest a better chance of success by preparing for these costs and setting aside a cash buffer at the start of your investment journey.