Hello.
I am looking at two strategies for property investment and finding it difficult to know which one would be best for me. One is the Margaret Lomas (Destiny) Strategy which is buying cheaper properties with good rental yields. The other is using the services of Metropole Property Investing whereby paying a buyers agent 2.5 % to search for investment properties and buy for me. These properties would be better quality and more expensive in a high growth area, therefore lower rental yields and I pay the shortfall from a buffer account which is money from my equity of my PPOR and I repay this money at the end of tax time... Do these buffer accounts really work? Either way, I can't afford to pay the shortfall out of my income and I would like to build a portfolio of 10 properties.
Any advice on the above would be greatly appreciated.
Cheers
I am looking at two strategies for property investment and finding it difficult to know which one would be best for me. One is the Margaret Lomas (Destiny) Strategy which is buying cheaper properties with good rental yields. The other is using the services of Metropole Property Investing whereby paying a buyers agent 2.5 % to search for investment properties and buy for me. These properties would be better quality and more expensive in a high growth area, therefore lower rental yields and I pay the shortfall from a buffer account which is money from my equity of my PPOR and I repay this money at the end of tax time... Do these buffer accounts really work? Either way, I can't afford to pay the shortfall out of my income and I would like to build a portfolio of 10 properties.
Any advice on the above would be greatly appreciated.
Cheers