by Mark Draper | 23 Jul 2024 | Property investment for beginners
Imagine this scenario: you’ve been the proud owner of a rental property for years, watching it grow and flourish under your care. But now, you find yourself wondering if you can take your involvement to the next level and actually live in your own rental...
by Mark Draper | 1 May 2024 | Property investment for beginners
When negotiating house prices, conduct thorough market research to understand trends and pricing strategies. Work with a Realtor to leverage their expertise and craft strong offers. Get preapproved to show commitment and prepare financial documents. Communicate...
by Mark Draper | 29 Apr 2024 | Property investment for beginners
If you’ve owned your rental property for a while you might be wondering if it’s time to show it some love and give it an update. Whether or not you should renovate your rental property depends on various factors such as the condition of the property, the...
by Mark Draper | 15 Apr 2024 | Property investment for beginners
Living near power lines or a motorways can reduce property values by a substantial amount, unique upgrades like backyard roller coasters can limit buyer interest. Excessive noise pollution from highways or industrial areas can impact desirability. Undesirable school...
by Mark Draper | 10 Apr 2024 | Property investment for beginners
Ready to immerse yourself in the world of real estate investing? Start by allocating 1% of your property’s value for maintenance yearly. Plan for a 15-25% deposit for your mortgage. Operating costs usually range from 35% to 80% of your income. Aim for a 10%...
by Mark Draper | 8 Apr 2024 | Property investment for beginners
As a landlord, you must differentiate normal wear and tear from actual damage in your rental property. Expect important deterioration like minor scuff marks and faded paint. Document damages meticulously to distinguish between the two. Regular maintenance is crucial...