3 Top Tips That Property Guru Won’t Tell You

Property investment has been quite a popular investment all around the world. This indirectly create quite a number of so called property gurus. In this blog we are going to discuss what are the tips that property gurus won’t tell you.

Loan Affordability

In most of the country , investor would like to buy property by using bank loan. This is because using bank loan would able to leverage your investment portfolio. For example, you have $100,000 cash. Instead of buying just one property, you can actually buy more than one by using bank loan. However, banks are not so stupid to loan you as you want to. You need to have a very good statement to prove that you are really eligible to get their loan.

Job Opportunity

Most of the property guru will tell you something about location, accessibility… however, the most important thing here is job opportunity in that area. Without job opportunity, who wants to rent from you? It is like you build a house in the middle of desert near to the highways.

Income Level

Income level of the location is another key factor to be consider. Study on the income level of the area to justify whether the rental figure that you offer matches. Don’t rent something that people cannot afford and blame your property agents.