JKL Real Estate – Buyer Information:
There are many unexpected expenses you need to be aware of when you decide to become a property investor.
Investing in property has many financial benefits. The purchase price of the investment property is where it starts. There are quite a few extra both upfront and ongoing costs involved.
Simply put – “Body Corporate” is the organisation that is in charge of running an apartment/unit building or townhouse complex, and handling all of the common area maintenance issues. It also sets budgets, manages issues and sets by-laws. It technically is a legal entity that is created when land is subdivided and registered.
Conveyancing is the transfer of legal title of property from one person to another. A Conveyancer will assist you with this process.
Both the seller and buyer will engage a Conveyancer to act on their behalf. This ensures that the property transaction flows smoothly inline with the contract of sale, any misunderstandings are addressed.
For a number of reasons, trusts are increasing in popularity as ownership structures for Australian property investors. There are various ownership structures available to you for the purchase of investment properties. There are pros and cons for each structure.
There are many unexpected expenses you need to be aware of when you decide to become a property investor.
Investing in property has many financial benefits. The purchase price of the investment property is where it starts. There are quite a few extra both upfront and ongoing costs involved.
There are many unexpected expenses you need to be aware of when you decide to become a property investor.
Investing in property has many financial benefits. The purchase price of the investment property is where it starts. There are quite a few extra both upfront and ongoing costs involved.
Purchasing an investment property is exciting, complex and can be stressful. After all you are putting a lot of money on the line. So you need to be as sure as you possibly can be that you are making the right decisions. This takes lots of research and asking the right questions.
When applying for a home loan one of the important criteria a lender will ask for is a history of “Genuine Savings”. These are funds that you have gradually saved by yourself. It proves to the lender that you have the self discipline over time to save a certain amount. It helps them assess your capacity to make monthly loan repayments.
Disclaimer: Although all care is taken. We do not give any warranty whatsoever to the accuracy of any content.
This is not meant to be financial or professional advice and is only of general nature. You must seek professional advice before taking any actions. The above information comes with no warranties whatsoever. We take no responsibility for any actions you may or may not take. All content is of general nature only and is NOT to be taken as advice whatsoever
JKL Real Estate is part of the JKL Property Group and was formed by John and Karen Hoswell, two highly successful reputable business people in the Local Forster Community. The JKL Property Group includes a range of businesses across different industries with a focus on having the ability to provide a holistic property solution for all of there clients.