Property Investing For Dummies

Your step-by-step guide to building long-term wealth through property

This fully revised Australian edition of Property Investing For Dummies cuts through the jargon and hype to identify what’s really needed to succeed in Australia’s hot property market. It lays out, in clear and helpful terms, exactly how you can identify the right investment options, figure out your finances and make a successful bid or offer. You’ll master the basics on how to manage risk, protect your new property and become an effective landlord or landlady. And you’ll learn how to grow a profitable portfolio that can generate income and secure your financial freedom.

• Create a property investment plan that fits with your personal financial goals
• Evaluate properties and locations to identify value and find the best deals
• Understand your finance options, including mortgage terms, interest rates, lending fees and using an SMSF
• Assemble a reliable support network of finance and property experts
• Build a solid property portfolio, with practical advice on how to grow equity and diversify your investments

This easy-to-follow but comprehensive book is perfect for anyone looking to buy property in today’s competitive market. From buying your first home to taking advantage of strategies like flipping, developing, and rentvesting, Property Investing For Dummies shares all the latest info you need to invest wisely.

Nicola McDougall is an experienced Australian property and finance journalist, blog writer, and property investor. She is co-author of The Female Investor and is the current chair of the Property Investment Professionals of Australia (PIPA).

Bruce Brammall is a licensed financial advisor and mortgage broker, finance columnist, bestselling author and successful property investor.

Introduction 1

Part 1: Understanding Real Estate as an Investment 5

Chapter 1: Comparing Real Estate to Other Investments 7

Chapter 2: Covering the Landscape of Common Real Estate Investments 21

Chapter 3: Opportunities in Real Estate 35

Chapter 4: Building Your Team 49

Part 2: Financing: Raising Capital and Sourcing Loans 67

Chapter 5: Sources of Finance 69

Chapter 6: Financing Your Property Purchases 83

Chapter 7: Shopping for and Securing the Best Mortgage Terms 99

Chapter 8: Property in Self-Managed Super Funds 115

Chapter 9: The Ongoing Costs of Real Estate 135

Part 3: Finding and Evaluating Properties 149

Chapter 10: Location, Location, Value 151

Chapter 11: Preparing to Bid or Make an Offer 183

Chapter 12: Signing the Contract, Inspecting the Property and Settling 213

Part 4: Operating the Property 231

Chapter 13: Property Management 101 233

Chapter 14: Protecting Your Investment: Insurance and Risk Management 253

Chapter 15: Tax Considerations and Exit Strategies 267

Chapter 16: Building a Portfolio 291

Part 5: The Part of Tens 307

Chapter 17: Ten Ways to Increase a Property’s Return 309

Chapter 18: Ten Steps to a Real Estate Fortune (Or a Great Second Income) 317

Index 329

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.