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Building your portfolio can come to a halt if you have trouble saving for a deposit. You may not be able to generate your deposit through cash savings, but there are still ways to speed up the process of getting into your next property
Stories of asset rich, cash-poor investors are common. Even investors with multiple-property portfolios can struggle to generate a deposit to buy again, especially if they’re negatively geared. Having a substantial amount of cash ready to go for your next acquisition may appear to be the easiest way to ensure your portfolio keeps growing, but it’s not always possible.
A lack of cash doesn’t have to stall your purchasing. There are various methods that allow you to bypass the need to save up tens of thousands of dollars in cash, giving experienced investors and first-time buyers the opportunity to act now.
Read the full article in the latest issue of Smart Property Investment.
Reproduced in part with permission: Smart Property Investment April 2014.
Attention: This article is intended to provide general information only. Every attempt has been made to ensure the accuracy of this information at the date of publication. The opinions expressed in this article do not reflect those of DHA, its staff or agents. Property prices are subject to fluctuation. Prospective investors should seek independent advice. DHA will not be liable for any loss, damage, cost or expenses incurred or arising by reason of any person relying on information in this article.