Common Questions About Property Investment Answered By JDL Strategies

Property Experts Working a nine-to-five job to earn the money you need to support yourself and your family is the norm, but this leaves little room for financial freedom in other aspects of your life. While taking care of the necessities — bills, groceries, your children’s school fees, payments on your house or apartment — is well and good, you also need to have an emergency fund for, say, unexpected hospitalisation fees, or sudden and major house repairs, or even auto accidents or repairs. You would fare well to go on holiday every now and then and enjoy some nights out to catch a movie or eat out with your loved ones. And you’ll want to look forward to secure and comfortable retirement years. These “extras” require funds — and you won’t get those from your lone nine-to-five job.

What many people have discovered is that investing in properties can be a good way not just to earn additional income but also to build actual wealth — and the key is to make money work for you, instead of the other way around. If you have a condo unit rental or even a commercial property to your name, you can have money coming in through different streams.

If you’ve only just begun considering making a solid investment in property, here are a few basic questions answered by property experts from Australia-based wealth management company JDL Strategies to help you get a good grasp of the key concepts involved.

What type of properties can you invest in?

Some of the more common property investment types are single family homes, apartment complexes, commercial buildings, and condominium units. You can begin building your property portfolio by choosing one and learning as much as you can in that niche before venturing into a new property type.

Once you’ve selected your preferred type, how do you find such an available property?

Simple networking is one way of finding a suitable piece of property; friends or relatives within your immediate circle or individuals in more formal channels like investment organisations can provide tips to help you find what you’re looking for. Commercial brokers may also have information on properties that aren’t publicly disclosed, and real estate agents will often have lists of homes that are currently up for sale.

Where do you get funds for your property purchase?

Investors with good income and credit can be approved for loans from reputable banks, mortgage brokers or credit unions. There are also other lending institutions you can approach if your purpose is to refinance or sell a house quickly. Private lending (from people you know) is also an option you may consider.

Who is in the best position to manage the property?

Some investors choose to manage their property by themselves. They will need to learn the different responsibilities of a landlord (enforcing a lease, finding tenants, collecting rent payments, balancing the books, etc.) and partner with professionals to take care of other important tasks that are relevant to property management such as plumbing and repairs. Of course, there’s also the choice of hiring dedicated property management firms who can perform these tasks for you.

Source: http://propertymarketers.com.au/ is the best site to check out if you want to learn more about ways on how to boost your profits when you invest in properties.

How To Invest In Properties When You’re Young – Helpful Tips From JDL Strategies

By Elizabeth Farrel – Content Resource from wealthawareness.com.au

Real Estate Investment TipsNo one has ever become a millionaire within a few years by simply funneling his or her excess income into a savings account. Unless you are expecting a hefty inheritance or you have a lucrative business, your next best alternative would be to invest your money. And if you happen to look at the portfolios of the most successful people, one of the first things you’ll notice is that a good majority of them have invested a great deal on properties.

“But I’m too young,” you might say. Of course, there are several things that may go against you. There’s your age and your inexperience. You’re probably just starting to build up your savings and, you may have poor credit. Most likely, you’re just keen on hanging out with friends or, if you’re already hitched, working hard to provide for your spouse and kids. On top of that, there is a considerable dearth of people of the same age who are interested in investing.

But beyond these, you’ve got several things going your way. First, you are still motivated and can dream up big things. With so much to experience, you simply don’t let minor mishaps hold you back. When you’re a little bit older, you can get a little jaded and settle for what is easy and comfortable. Second, there are various tools and technologies that you can use to start learning about property investments. You can leverage forums, websites and even social media to soak up all the knowledge you will need. Finally, you’ve got time on your side.

According to JDL Strategies, there are two basic ways to earn from property investments. The first way is to buy a property and rent it out to tenants. The second way is to purchase a property, make some improvements to help increase its value, and when the time and market conditions are right and to your advantage, sell or flip it at a higher value.

These may all sound a bit too heady if you are a novice property investor. For young investors, two of the best properties to purchase are the live-in flip and small multi-family properties. When you’re just starting out as an adult, you’re most likely looking for the cheapest things that you can afford. The same thing applies with the live-in flip. Basically, you’re purchasing a property that will double as your place of residence and as an investment. After making the necessary renovations and improvements, you can then flip that property.

A multi-family property (a duplex, for example) is perfect if you want a place to stay and want to earn from rental income. With a duplex, you can live in one portion and let out the other. The rental side will allow you to cover your expenses including payments towards the property.

JDL Strategies Offers Profitable Tips For Property Investments

How To Invest In PropertiesReal estate was one of the industries that managed to quickly bounce back from the effects of the global economic crisis. Many of those who were prompted to sell their properties due to mounting mortgage fees and those who had to declare bankruptcy have learned their lesson (quite the hard way) and are eager to invest in properties again, but this time more wisely.

JDL Strategies, a trusted investment company in Australia, encourages every working individual these days to consider investing in real estate because no matter the economic conditions, it will always be an asset as long as people are equipped with effective information and strategies on how to use properties to generate income. With the right strategies and proper implementation of these strategies, property owners do not even have to worry about financial responsibilities because the property can pay for all of them and even direct substantial income into their pockets — now, how does early retirement sound?

So if you’re thinking about taking the plunge into property investment, here are some tips to help you understand how “buying” should be done and how you can make your property work for you.

  1. Buy low, sell high. Take advantage of seasons when real estate conditions are bleak because sellers are usually more than ready to negotiate the price. Once you’ve assumed complete ownership, develop the property bit by bit and when the market picks up, and property values rise, you can sell it at a profitable price.
  2. You always have other options aside from selling if you want to earn money from your property investment. Rent your property out to receive some monthly income. A well-chosen property may even pay for itself if you are able to charge enough rent to cover the bills.
  3. Learn the value of location. Expert investors will always tell you that the secret to real estate is location. Purchasing an investment property in locations where rent is high and there’s a low supply of properties is one of the most ideal situations.
    Don’t bother with rural areas or those with dismal rental histories. It’s always wise to buy the worst property in the prime location because that still holds more promise, income-wise, than the best property in the worst location.
  4. Hire a mentor who can guide you. There are many lessons about investing that are only acquired through experience, so when you’re done reading all the books you can find about property investing, seek a professional who applies those lessons everyday and had seen the different ways the market works.

About the author: Stephen Stark is a real estate investor who benefited a lot from JDL Strategies for providing property investment tips. Because of these tips, he was able to get the property and gain great profits from it. Check out this site to learn more about this.