Tips for Getting Started in Real Estate Investment.

It is becoming increasingly difficult for young people to break into the real estate market as prices continue to increase. This price-hike is pushing potential investors further away from that end goal – a solid, money-making investment property. The key factor to focus on here is to get into the market as soon as possible, whatever way you can. Then, once you have a foothold in the market, buying future investment properties becomes much easier. Getting started is the most important thing.

For those with a stable income but little capital, one option is to get parents to act as guarantors. Another way that is becoming increasingly popular, is to get into the market by pooling resources with friends or family members to become co-owners. Whatever you choose to help you along your way, remember to start as soon as you can, because prices will only continue to rise!

In the current market, it may be even more affordable to buy an investment property than to purchase your own home. The reason for this, is that some first-home buyers cannot afford their dream home or dream suburb. When purchasing an investment property, however, they can buy a home in a place that they can afford, and still continue to rent where they want to live.

There is also a big difference mentally when breaking into the real estate market as an investor. When you are purchasing a property as an investment, the focus is on the figures, and working out whether the ‘price is right’. When you are purchasing a home to live in however, often you buy with your heart, not your head, potentially spending more than what the property is worth.

Investing in real estate is a smart financial move, and the time is now to jump on board!  If you would like more information on investing in property, contact Stephen Marshall at Oaks Property Sales.