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Ryder Real Estate Melton

319 - 321 High St Melton

03 9743 6400

03 9743 6684

jayson@ryderrealestate.com.au

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A Few Simple Steps To Getting Started In Property Investment

7 Oct 2013 Melton 0 Comment

So you have been thinking about investing in property? You have read all the books, magazines and reports & you have been religiously scanning through all the Real Estate websites for properties, but when it comes time to take the plunge something stops you.

Reality is property investing is pretty simple, there are no real complicated steps you need to do and the concept is also easy to understand. So here at the Professionals Real Estate Melton we have come up with a few easy steps to have your portfolio up and running in no time.

Check your finances
This can be as simple as listing all of your assets including incomes and work out your expenses, this will give you a good indication as to how much cash you have available to invest. It is also wise to seek advice from your Accountant or financial advisor before proceeding.

Get a pre-approval
You can obtain a pre approval through your lender directly or through your trusted mortgage broker. Going through a broker before applying for a pre approval can be beneficial if you’re not sure you’re financially ready to invest.

Start Budgeting
Budgeting is never really appealing to anyone but it is the only way to ensure you’re able to balance your income and expenses. It allows you to see where you’ve been spending your money and helps you to plan for larger expenses down the line.

With all this in mind, consider whether now is the time to take the plunge, to find out more about investing and Investment Properties why not give the Professionals Real Estate Melton a call on PH: 97436400

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