𝗜𝘀 𝗶𝘁 𝗯𝗲𝘁𝘁𝗲𝗿 𝘁𝗼 𝗯𝘂𝘆 𝗮𝗻 𝗼𝘄𝗻𝗲𝗿 𝗼𝗰𝗰𝘂𝗽𝗶𝗲𝗿 𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗳𝗶𝗿𝘀𝘁?

I have been asked this so many times - 

Buy to Invest or Buy to Livein ?

My answer? 

Both options are good and it depends on your circumstances , what you can afford, goals , view of the property market on 20 years and propensity to take risk !

When we decided to enter the property market , we could only afford to buy a 1 bedder, but wanted to live in a house! 

My wife wanted to buy

• a home for emotional reasons . a place to call her own, pride of ownership
• a home to create cherished memories. 
• a place that she could not be asked to leave - a feeling of security
• Pay the home off as quickly as possible 
• Financial predictability (although interest rate hikes have been a killer of late!)
• Freedom to renovate

I wanted 

• To live in a property we couldn’t afford to buy 
• A property that would grow in value 
• A property that we could afford to buy
• Flexibility (renters are free to move and are exempt from home maintenance)
• A property that we can rent out and get negative gearing 
• A property in an area that has maximum growth potential 
• A property that if we had to sell - there would not be emotional heartache 
• A property that we could gear to the max (best to grow wealth is to leverage)

We decided to buy an investment property 35 years ago . And over the years - instead of paying off the loans - we have acquired a portfolio of properties - all geared -  and still rent !! 

The retirement strategy - sell a few to pay off the mortgages and live off the rents of investment properties!  

Is this the right strategy ? 

Not sure - but it was a plan - we made a decision and we took action ! 

This strategy has enabled us to buy our own home if we so desired (however, we are happy where we live) 

Are we financially better off with buying investment properties ? 

I think so :) 

Both strategies need the following priorities 

•  location, 
• amenities,
• proximity to schools and workplaces, 
• potential for capital growth and 
• market demand.

If you are looking to enter the property market these are the 5 things you need to do

• do your research, 
• evaluate your options, 
• assess your goals and create a plan
• seek expert advice, and 
• make an informed decision and take action!!!

Buying your home is an exciting adventure and  it’s potentially the most expensive and potentially valuable decision that you will make! 

I would be delighted to sit with you and help you model a few scenarios - and of course help you find the right loan !

  Ask me  a question . I am  here to help

#property #realestate #investment 

#buyersfirst #10x