Setting Your Goals: What Kind of Investor Do You Want to Be?
After buying your first investment property, think about how you want to make money. Are you planning to sell later at a higher price (capital gains), or are you more interested in steady rental income? At Prime Wealth, we’ll help you figure out which approach suits your finances and comfort level. We’ll also keep you informed about rules like the bright-line test, so you don’t get caught off guard by taxes.
Getting the Funds in Place: Down Payments and Loans
Investment properties usually require a 30% deposit. If you already own a home, you can tap into your home equity for that deposit. Another idea is “rentvesting,” where you rent in the area you prefer but buy somewhere more affordable to generate rental income. No matter your route—saving cash, using equity, or getting pre-approval—Prime Wealth makes the process simpler and smoother.
Owning an investment property isn’t a windfall; it requires consistent effort, and with our expert guidance, your portfolio can thrive.
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Picking the Right Property: Location, Returns, and Potential
Where you buy matters a lot. You’ll want a spot with good schools, public transport, and shops nearby—it all attracts renters and can boost property values over time.
We’ll help you look into rental yields, local vacancy rates, and whether the property meets Healthy Homes standards. With Prime Wealth’s insights, you’ll know exactly what to look for so you can secure a property that fits your goals.
Managing and Growing Your Portfolio
Owning an investment property is an ongoing process. From finding the right property manager to setting the right rent, you want your investment to run smoothly.
As values rise, you may be able to pull out extra equity to buy your next property. Prime Wealth stays by your side throughout—helping you handle the day-to-day and plan bigger moves, so you can turn one property into a thriving portfolio.
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Have a question about mortgages or financial planning? Reach out to our advisers, and we’ll get back to you within 24 hours to help you move forward with confidence.
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