Thrive Investment Bites

What Happens If My Property Doesn’t Get Built | Ep. 20

Buying off-the-plan requires you to put trust in a developer that they're going to build the product that you signed a contract to receive. But what happens if the property doesn't get built?

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Why You Should Invest Outside Your Own Neighbourhood | Ep. 19

Building a successful property portfolio comes down to many factors, but perhaps none is as essential as investing in the right locations.

As they say, location location location.

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The Power of Leverage | Ep. 18

Leverage can be described as "using borrowed money to make more money than it costs to use borrowed money" and makes up one of Thrive's five key investment concepts. 

Put simply, leverage is using the banks' money to make money for yourself. So, how can we achieve this?

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 Why Would I Use a Mortgage Broker? | Ep. 17

Getting lending is one of the biggest obstacles investors faces when purchasing an investment property, so finding the right person to help you get the lending is essential. 

A lot of investors are unsure whether they should use a broker or go directly to the bank, so what’s the difference? 

At the end of the day, both the bank and the broker are trying to get you lending because they are incentivised to do so – that’s how they get paid. But there are more factors to think about than that...

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Waiting to Buy Could be Killing Your Buying Power

Waiting to find "the perfect deal" could be losing you money and you just don't know it yet.

In theory, waiting until we reach the bottom of the market, or waiting until you find the best deal makes a lot of sense but is this achievable?

It's important to remember, we never know where the bottom of the market is until we've passed it. No one has a crystal ball and picking a winner is impossible, so picking the perfect time in the market just isn't feasible. Time in the market always beats timing the market.

Therefore, the best time to invest in property is when you're in a financial position to do so.

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How Risky is Too Risky? | Ep. 15

Risk is everywhere.

You are susceptible to risk when you drive to work, walk to lunch, and everything in between; some of it you can control, and some of it you can't.

When it comes to investment risk, there are certain elements you can control and some you cannot. Once your money is invested in the property market, you are in some ways at the mercy of that market and your returns will be dictated by the performance of that market.

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Benefits of a Due Diligence Clause | Ep. 14

Buying a property off the plans can be quite daunting for a lot of first-time investors so it's important to understand what tools they have at their disposal when entering into a sales and purchase agreement with a property developer.

Once the contract is signed, the investors can do their homework to make sure the property stacks up - our team will help guide you on this.

Within most off-the-plan contracts is a due diligence clause.

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Don't underestimate the power of a good floor plan when you're trying to rent out your investment property.

With lots of new build townhouses coming to market, it's easy to get swamped into the deal and forget about small factors that are still important... such as the floor plan.

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 What are Debt-To-Income Ratios? | Ep. 12

Although not formally in place, it is convenient to consider the debt-to-income ratios (DTI) as one of the bank's new lending criteria.

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Turnkey vs. Progress Payments | Ep. 11

Buying off-the-plan can be daunting for investors who are used to the traditional real estate model of buying existing homes.

However, with the current tax laws introduced by the Labour government, existing properties have become approximately 40% more expensive to own, compared to new build properties.

Resultantly, there has been a massive shift for investors buying off-the-plan in order to get tax benefits as well as lower deposit requirements.

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