There are plenty of upsides to buying an investment property that already has a tenant, as well as a raft of risks. Here’s how to minimise them. Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new tenant. The lease just carries on as it did before you purchased the property. Sound good? Of course it does. There are some possible problems to be aware of though. It’s very important to check whether the lease on your prospective investment is current or the tenants are on an expired lease. If ...[read more]

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Choice, comparison, and MFAA membership. A good finance broker can be a great asset. But how do you tell if your finance broker  is any good? A good finance broker  will present you with choice, do product comparisons and be an MFAA member. Does your finance broker represent multiple lenders? The advantage of going to a finance broker  is that they can present you with a wide range of products. If your finance broker only gives you one or two lenders to choose from, you may consider someone who has a wider option. Does your finance broker compare products? It’s generally difficult to ...[read more]

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