Real Estate Secured Crowd Investing
Real Estate Secured Crowd Investing
Intelligent Property Investment

Investing in Property for Financial Freedom

30.08.22 07:30 AM By Jaco


Introduction

Buying your first property can be an exciting and stressful time. You’ve probably spent years saving up for a deposit, so you want to make sure that you get the best deal possible. But there are plenty of things to consider in order to ensure that your investment is successful. So let's take a look at some things to think about as you build your portfolio.

Before you buy

This is the part where you take a moment and consider your investment goals. Are you looking for a long-term, stable return on your money? Or are you looking for something that will give you the ability to quit working altogether? You should also consider how much money and time you have available to invest in property, as well as what kind of legal and financial responsibilities might be required.

Once you've figured out all these things (and more), it's time to go search for properties! The best way to start is by having an idea of where your target market lives. For example: if it's young adults who live in flats with roommates, then maybe they'd be interested in a smaller unit near campus so they don't spend too much on rent; if it's families with young children who want an easy commute but still want access to parks and playgrounds nearby...then maybe they'd be open-minded about living in a townhouse complex a little down the road, with plenty of green space around its perimeter; or perhaps retirees would rather move somewhere warm or closer to the ocean —in which case maybe Tabazimbi or Hermanus would suit them better than Pretoria!

Consider how you will fund your investment property

If you want to purchase an investment property, but don't have the cash ready to go, there are a few ways you can fund it.

  • Use your own money. If you have the financial resources available or can secure a loan from another source, it may make sense for you to put down some of your own money on the purchase price. This is known as "self-funding."

  • Borrow from a bank or similar lender. If this doesn't work out for whatever reason (maybe we're talking about high interest rates), then consider getting pre-approval from a bank before looking for properties—it will save time in the long run! The best way to do this is through an online mortgage broker like Ooba or BetterBond so they're able to match you up with suitable products based on your needs and situation instead of just pointing you towards one option alone.

  • Borrowing against equity: Another option would be increasing your borrowing capacity by tapping into equity built up over time through appreciation gains made since purchasing property investments - which means reducing debt levels while increasing overall wealth at once! It’s critical that homeowners understand how much value they've added onto their properties since buying them; otherwise how would anyone know whether now was actually still feasible?

Discover your portfolio’s potential

The first step in building your portfolio is to research the local market. This should include looking at the types of properties that are available, as well as researching the area and its demographics. For example, if you want to buy a house for R900 000-00 but there are no houses currently on sale for that price in your area, then you may have to adjust your expectations about what kind of property you can afford. You’ll also need to look into what types of financing options are available in order to determine whether or not this is even possible for you right now!

Once you've done all this research and decided which type(s) of property is right for your situation—whether it be an block of flats, a shopping center, a single flat or a single-family home—the next step is actually buying the property itself: getting pre-approved by a lender and applying for financing with them before making an offer on any given piece (or pieces!). More on this in another post.

Conclusion

By investing in property, you can build wealth and set yourself up for financial freedom. We’re excited to see how property investment works out for you. Remember that knowledge is power, so make sure to read as much as possible about how it all works before taking the plunge!

Jaco