With over 20 years in the real estate industry, 15 years of hands-on property investment experience and a personal portfolio valued at over $10 Million, Positive Real Estate CEO Sam Saggers is accurately described as one of Australia’s leading investment property minds.
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To defeat the fears that come with any new venture we need knowledge but knowledge alone doesn’t create wealth. We’ve got to put that knowledge into action.
The following psychological factors keep many investors from success. Don’t let them stop your wealth creation efforts.
Investing across state lines might seem intimidating, but just like everything else in property investing, with the right knowledge you can take something that might seem scary and turn it into something that’s as easy as investing in your own backyard.
With record low interest rates into the foreseeable future and lending criteria slightly easing, it’s a safe bet that more and more Australians are going to be asking themselves which option they should choose - an investment property or a PPOR (principal place of residence).
It may seem an easy enough question, however to answer it you’ve got to take a close look at where you’re at financially and what your goals are.
Let’s have a look at the pros and cons for each strategy. We’ll also discuss what you can do if you’re already on the “property ladder” and want to move up!