You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...
The following article was published in our article directory on March 1, 2021.
Learn more about SpinDistribute Article Distribution System.
Article Category: Finances
Author Name: Geoff Doyle
You need to be aware of the costs of property investment before you jump in. These costs will affect the returns you're getting so you need to take them into account in your budget. Understanding these costs is an essential part of learning how to invest.
Your expenses can be categorized into the upfront costs you bear when you buy the property and the recurring costs of ownership.
The following are the one-off initial costs of buying investment property:
Deposit. This is the amount you need to put down in order to get a home loan. It should be at least 10% of the purchase price.
Mortgage insurance. If your deposit is less than 20% of the asking price, the lender may require you to purchase mortgage insurance. This policy protects lenders in case the buyer fails to make his loan payments.
Loan establishment fee. Some banks may charge you this fee to cover your loan's set up costs.
Connections. These represent the costs of connecting utilities and other services such as Wi-Fi to the investment property before the tenant moves in.
Stamp duty. This is a tax charged by state governments on purchases of property and is based on factors such as what the property will be used for, its location and the purchase price. The rate varies from state to state.
Legal costs. These are fees charged by a conveyancer or solicitor and cover the legal transfer of ownership.
The ongoing costs include:
Insurance. As a landlord, you have to take out building and landlord insurance. These policies will protect you in case of unforeseen expenses such as building repairs due to natural disasters as well as common problems with tenants such as defaulting on rent payments, damaging the property or vacating the property before the end of the lease term.
Mortgage repayments. Ideally, your rentals should be enough to cover these with enough left for a profit. However, this is not always the case and so you will need to pay out of pocket for the repayments.
Maintenance and repair costs. You will have to bear the expenses of maintaining the property in habitable condition and making any necessary repairs. However, you may be able to claim some of these expenses as a tax deduction.
Government taxes and council rates. These are usually the responsibility of the landlord and vary from state to state.
Land tax. This is a yearly tax charged to property owners by territories and states. It is only levied for properties whose value is above a threshold amount.
Property management costs. While you could manage the property yourself, you are better off hiring the services of a professional property manager. The level of expertise they bring will ensure that your rental is run smoothly and any problems will be minimized or avoided entirely.
These are the major expenses you should expect when you go into property investment. Make sure you consult with your financial adviser or accountant before you make your investment so you'll know how much your total costs will be and which of these are tax deductible.
Keywords: property investment, buyers agent, dual occupancy homes, investment property, rental property, how to invest
Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!
Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.
To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.
We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.