This week I want to share some invaluable insights on how investors like you can create a passive income with real estate to create a sustainable passive income. Let’s dive right into the key takeaways:
Tip 1. Know Your Net Yield
I can’t stress enough the importance of understanding the net yield of a property. While gross yield might be the figure you commonly encounter, it’s the net yield that truly matters.
It factors in all the expenses associated with the property, including management and maintenance costs. To make informed decisions, always calculate the net yield.
Tip 2. Invest in Multiple Income Properties
I’d like to shed light on the growing trend of multiple income properties.
These investments provide diverse income sources, improving cash flow and making them appealing to banks.
Examples include co-living spaces, student accommodation, and dual occupancy properties.
South East Queensland councils are increasingly supportive of such ventures, recognizing the need to address the rental crisis.
Tip 3. Use a Larger Deposit
I advise opting for a larger deposit to reduce the loan amount, which can significantly enhance property cash flow. It’s a strategic move that can set you on the path to financial success.
Tip 4. Target High-Growth Areas
I recommend investing in areas with substantial population growth. Such regions tend to witness increasing demand, resulting in rising rents over time.
My investing experience in South East Queensland highlights the potential for remarkable rental income growth.
Tip 5. Explore Regional Investments
While capital cities offer strong capital growth potential, I suggest considering regional areas with lower entry prices and reasonable rental returns.
However, exercise caution and ensure these areas are still growing in terms of infrastructure and population.
Ready to Take Action? Book a Strategy Call!
If you’re eager to explore high-income property opportunities, I’m here to guide you.
Having built successful passive income investments myself, I possess the expertise to assist you in your journey.
To get started, click here to book in a suitable time for us to discuss further.
Regards,
Geoff Tomkins
Buyers Advocate
PH: 0404 852 781
