Ask A Professional – Kate Tomba

Ask A Professional Kate Tomba

Kate Tomba’s tips to purchase an investment property.

  1. Get your finances sorted- know how much you can borrow and make sure the loan gives you the flexibility you  may need if anything changes in the future. Seek a pre approval from your financier and don’t stretch yourself as you don’t want to put yourself under pressure financially
  2. Set a plan, create a budget and stick to it.  Start asking yourself the hard questions…where do I want to be 10 years from now?
  3. Start looking at types of properties that will suit your plan. Is it a unit or a house your are looking for?  What area and locations? What will the property rent for? Will I need to put a maintenance plan in place for 3, 5, 10 years?  Will the property attract quality tenants?
  4. Talk to local investment specialists who know the area.  Factors to affect the success for your investment include median rents, the types of tenants the property will attract and the quality of your property manager and their team.

I am available to answer any questions about investing in the local area and have 15 years experience in Property Management in the local Coolum Beach area.

Kate Tomba

07 5446 1133