Interested in Real Estate Investment
Interested in real estate investment? You’re not alone. Thousands of people every year help secure their financial future through an investment in real estate and proudly, at Accrue Real Estate, we can say we have helped many people along their way to achieving this goal.
Here’s a couple of ways you can become a property investor without too much stress.
SMSF (Self-managed Superannuation Fund)
This method of investing has become increasingly popular as the baby-boomer generation approaches retirement and they are not only a great means of investment but a way to really control the money you have in your superannuation account. A SMSF allows you to make investments using your existing super – one of the key investments made within an SMSF is generally a property.
There are legal requirements to setting up a Self-managed Superannuation Fund but once established you are the trustee (or, in the case of a corporate trustee, the director), and as such are able to control how the money within the fund is used. This allows you to choose a property, manage any rental income and, if the time is right, sell the property.
If set up correctly, and in some circumstances, you can even use the money within the SMSF to borrow additional funds for the purchase of a property.
As with all your superannuation needs, it pays to get professional advice from someone who can look at your personal situation and offer advice as to the most appropriate fund for you.
Buying a property and then renting it out is the most popular form of property investment, probably because, once set up, your tenant is effectively helping you to pay off your mortgage. As well, you have acquired an asset that, going by past markets, is likely to double in value across a ten year period.
This form of investment requires set-up funding for deposit and the associated costs of purchasing a house, as well as some sort of slush fund for emergencies (e.g. repairs).
Starting out can seem a difficult thing to do – and investment requires doing the groundwork on the best areas for rental yield and appreciation. That’s where Accrue Real Estate can assist. We have years of experience on the Melbourne property market and can help you realise yur property investment dreams.