Renting I obtained three rental estimates from local estate agents. But I invited only two of those agents back to lease my property. As a personal preference, I always appoint only two real estate agencies when leasing any of my investment properties.  I believe there is sufficient competition between two agencies to ensure that I … Continue reading How to Buy Unlimited Investment Properties Chapter 9 →

Securing a Loan Armed with my financial report, I decided it was now time to see my bank about refinancing my existing home loan. I wanted to enter into a new mortgage agreement, based upon the independent valuation I had obtained. When I purchased my apartment, the amount of the loan was calculated as a … Continue reading How to Buy Unlimited Investment Properties Chapter 8 →

The Financial Report My financial report brought together all the information I had collected. The contents page read as follows: Personal balance sheet Detailed financial analysis Copy of independent bank valuation Copy of quantity surveyor’s report     Twelve-month rental estimates Salary confirmation Individual credit report Comprehensive insurance cover Evidence of comparable sales Securing your loan … Continue reading How to Buy Unlimited Investment Properties Chapter 7 →

Comprehensive Insurance Cover Having a home insurance policy is a must Most people know what insurance is, including home insurance and contents insurance. In my opinion, both are essential for any homeowner. When buying a home, it is generally recommended that you take out a home insurance policy as soon as you sign a contract … Continue reading How to Buy Unlimited Investment Properties Chapter 6 →

The Individual Credit Report An individual credit report contains information that will assist subscribers in making credit decisions. Subscribers include banks and lending institutions, along with a wide range of other services. An individual credit report includes personal details such as: current residential address driver’s licence employment details bankruptcy information overdue accounts loan applications Anyone … Continue reading How to Buy Unlimited Investment Properties Chapter 5 →

The Personal Balance Sheet Establishing that I could positively gear my apartment was a crucial step. Had I not been satisfied my property would make a good investment, the alternative would have been to sell the apartment and purchase another more suitable investment property. My next step was to prepare a personal balance sheet. As … Continue reading How to Buy Unlimited Investment Properties Chapter 4 →

The Financial Analysis Get a DIY financial analysis package Not only has our society’s interest in investing and making money led to an increase in the number of investment seminars it has also spawned a large variety of money magazines. As well as running articles about making money, they also show ads promoting do-it-yourself financial … Continue reading How to Buy Unlimited Investment Properties Chapter 3 →

The Quantity Surveyor Access that equity! Having achieved my first goal of obtaining a suitable valuation and creating additional equity in my property, it was time to proceed to the next step—turning that equity into money and increasing my bank balance. Having more equity in your property is like seeing the value of your shares … Continue reading How to Buy Unlimited Investment Properties Chapter 2 →

Chapter 1. The Valuation A conservative strategy After deciding I had to get rich by building my own property portfolio if I was going to do it at all, I needed a strategy. By nature, I am not a gambler. I wanted to proceed with absolute certainty that I would always be able to meet … Continue reading How to Buy Unlimited Investment Properties Chapter 1 →