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Property Purchasing property can be one of the most important financial decisions you can make. At 360 Degree Wealth Services we help with the initial steps and help to determine your risk profile, and if you qualify at the bank for borrowing. This critical first step is often missed and you can end up with the wrong property or a decline from the bank if you do not meet the lending criteria. In addition it is important to understand the different types of property investment. These can generally be categorised as follows but there are many others
In addition there are three main types of property investor. Which category you fall into? Firstly there is the Passive Investor who tends to spend little time looking for a property. They are not interested in understanding all of the ins and outs that go along with creating a property portfolio such as finance, tax laws, compounding and so forth. They are more likely to buy the first thing they come across rather than conducting any due diligence or consulting industry professionals for advice. The more Active Investor puts in some degree of work in order to find a good investment prospect. They gain a basic understanding of the principles involved in property, finance and taxation. They also tend to seek professional advice with regard to the structuring of their portfolio and conduct some due diligence in the hope that they can increase the likelihood of making a viable investment purchase. Finally there is the Analytical Investor whotends torun around for months, sometimes even years, examining every nook and cranny of our property markets, endlessly comparing values and sales, reading reams of material regarding real estate do's and don'ts and seeking advice from as many experts as possible before committing to anything. They like to conduct as much due diligence as possible and look for the 'ultimate' investment property. The important part is to select a property one that suits your risk profile, investment strategy and current circumstances and cash flows. If you are in it for long term capital gains – as you should be – doing something that some might consider foolish right now could be much better than waiting to do something "smart" later. When it comes to property investment it's only what you own that is working for you. The longer you linger on the decision and don't buy; the more potential for capital growth you are losing. We have internal and external property consultant teams who can assist you with your property purchase. Some Useful Information Links: Looking for a complete real estate search including property for sale, for rent, previously sold, rented and property profiles, try: Wanting to buy real estate? Try: or more reports and properties for sale see: Want to buy property from an accredited member see: For tenants landlords and Lessees see the Rental Tenancies Authority http://www.rta.qld.gov.au/ For the Australian Property Market Outlook, see:http://www.westpacbrokerbase.com.au/property-reportsWant to compare state by state property prices see: Want to see what your home is worth see:
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The information contained within the website is of a general nature only. Whilst every care has been taken to ensure the accuracy of the material, 360 Degree Wealth Services will not bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein. Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should satisfy themselves independently of the appropriateness of such action. |
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