You may have heard the proverb, when is the right time to invest? Now! But that doesn’t mean you should rush your decision or get caught up in news stories of falling house prices.
Even though technically, the sooner you invest the sooner you can start to accumulate capital growth and/or cashflow, you’re better off taking the time you need to do your due diligence.
Consider the historical trends of prices where you’re looking to buy and how long you intend to hold the investment property for. If you’re buying an investment, the best advice is not to get caught up in emotional buying.
The right property at the right price is what you should be looking for, and this is possible at any part of the market cycle. Tax depreciation is one of the things you should consider before you finalise your decision to buy an investment property. Tax depreciation will determine whether you will be out of pocket with your investment or if it will be able to be positively geared.
Marketing timing isn’t everything. The truth is that successful investors understand how to profit in any cycle of the market. The key is that you are financially ready, know your numbers, and do your research. Know what you want from your investment and have an exit strategy planned before you buy.
Need an expert to help your business with tax depreciation?
The team at SC Tax Depreciations love crunching numbers. Especially when it helps property investors with their cash flow and profitability.
If you are a local business in Townsville, Brisbane, the Gold Coast, Newcastle, or Sydney, we can help. Contact Us for a no obligation confidential chat.