Property Investing

Property investing varies from country to country.

Every country has different regulations and legislation’s, laws and taxes. There are however a few basics that we all can consider when it comes to property investing.

Property investing has been a consideration for most of us at some time. As new adults we all strive for the ownership of our own home. The wealthy investors would certainly give different lessons to that taught by most of our parents and teachers.

I listened to my parents, who were successful business people. They had purchased 9 properties by the time I had left high school. In my twenties my mother became a real estate saleswoman, so I thought she was certainly an expert.

They advised me to purchase and invest in my own home for security. They were just like Robert Kiyosaki’s story in ‘Rich Dad Poor Dad.’ (This is a book I would like to see promoted in schools, instead of some of the others I have seen my children study.)

Here in Australia, over the last few years, there has been a property market boom, and prices in the real estate sector have reached unbelievable highs. Many people have fallen victim to low deposit, low interest rate schemes and are now unable to meet their commitments.

Mortgagee in possession sales are increasing and the astute investor is able to cash in on these sales. Some look at this as unscrupulous, but the banks only need to recoup their money, and the investor is actually helping the home owner by buying it for more than the bank.

Purchasing rental properties gives you so many options while property investing. Not only do you free up your own money, by having your mortgage paid by someone else in the form of rent, but it gives you more leverage when it comes to investing in more properties.

“Education is what remains after one has forgotten what one has learned in school.”

Albert Einstein