Promoted by Investn.com.au
Soaring house prices and renewed loan restrictions could deter new investors from entering the market, but an innovative new real estate investment option is helping investors jumpstart their real estate portfolios with only $ 15,000.
Investn helps new real estate investors enter the market earlier and build their real estate portfolio quickly.
Real estate investors provide as little as $ 15,000 which covers purchase costs such as stamp duty and legal fees, while Investn takes care of the required deposit up to at 10% of the price of the property.
In return for the deposit, Investn will take a 10% co-ownership stake in the property while the individual real estate investors are responsible for managing the mortgage.
A licensed external property manager is appointed to manage the property and pay rental income to the owners.
Founder and CEO Scott Fraser (pictured below) worked in real estate, mortgage and financial planning for 20 years and was driven by a desire to "help people who are short on deposits. enter the market ”.
"Saving a down payment takes time and it slowed me down for buying my first property," he told Your Investment Property Mag.
As house prices skyrocketed during most of the pandemic, Scott said aspiring investors were watching their deposits fall in value.
"The high median real estate prices in Sydney make it a long way for non-owners to save enough money as a deposit to get their foot in the market," he said .
"We want to educate and guide people that there is another way to end up owning a home in the suburb that you desire. "
Scott saidInvestn is ideal for renters looking to maximize and develop their wealth through a property with limited savings or equity.
"Investnworks perfectly with tenants who want to live in a place they love and invest in places of growth that they can someday sell to help buy a house in the suburb where they want to live." ", did he declare.
The model also works for investors looking to build a real estate portfolio quickly because they need less savings or equity.
Investors must be full-time employees with a required annual income of at least $ 65,000 for individual buyers and $ 110,000 for couples. Investors should also have at least three months in their current job and have a good credit history.
Investn has a research and acquisition team that helps investors find quality properties with good cash flow in quality growth corridors through its nationwide network of real estate contacts .
Scott saidInvestn looks for a combination of return potential and capital growth when looking for areas in which to invest.
"The return on cash invested for our clients easily outperforms traditional real estate investment models, as our clients contribute a limited amount of money," he said.
"For example, some buyers invested $ 15,682 and had almost $ 5,000 in income for the property equivalent to a 28% return on their invested cash, plus any capital growth."
Scott said that what makes Investnunique is that they have a vested interest in getting the right property for their clients – a claim no other company can make.
"Our goal is to have a small portion of ownership of many Australian residential properties that provide diversification for our business," he said.
“We earn money from property income and capital growth with the clients we partner with.”
Despite launching only 12 months ago, Scott said demand has been "extremely high".
“At this point, we can only welcome 10 new customers per month in the current market. "
For more information on Investn call 1300 446 445 or visit Investn.com.au.
Top Suburbs:
goworthville
,
the barton
,
passage of ropes
,
mt cola
,
menai
Get Help With Your Real Estate Investment
Do you need help finding the right loan for your investment?
When investing in real estate, it is important to not only make sure you have Have the lowest rate available, but also have the right loan features for your needs.
Just fill out a few details below and we will then arrange for a brokerage firm. Local Mortgages contacts you and determines the characteristics or types of loans that suit your needs. We'll even help you with the paperwork. In addition, an appointment is free.
We value your privacy and take all your information seriously – you can check
our privacy policy here
