Creative Strategies
Property investment is a funny game. Every so often a great deal with very little to do will just fall into your lap. This is much more common in a down-market than a hot one, when there is a lot more buyer competition, so even then you could say that you are moving against the grain by buying when others are not.
If we define "creative", AKA buying with a "twist" as anything different to buying and renting the property out, it can mean deals like...
- Remodeling to add extra bedrooms
- Converting a house into two units
- Extending the house
- Subdividing to build or sell
- Building or relocating on the spare land
- Change of use
- Non-cosmetic major renovations - such as a reclad
- Furnishing the rental
- Renting out rooom by room
- Renting to social housing
- Renting out on AirBNB
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Many of these, but not all, give partial or complete exemption to the interest limitation rules for the property, so by being creative it can be easier to build a portfolio during a time when there are a lot fewer buyers in the market.
Our team of property finders are focusing on a few strategies this year