{"id":13506,"date":"2020-12-20T06:00:42","date_gmt":"2020-12-19T19:00:42","guid":{"rendered":"https:\/\/trc-gorod.ru\/?p=13506"},"modified":"2021-04-12T15:07:54","modified_gmt":"2021-04-12T05:07:54","slug":"6-ways-to-speed-up-your-next-property-purchase","status":"publish","type":"post","link":"https:\/\/trc-gorod.ru\/6-ways-to-speed-up-your-next-property-purchase\/","title":{"rendered":"6 Ways To Speed-Up Your Next Property Purchase\u00a0"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]\"6<\/p>\n

 <\/p>\n

Get There Faster<\/span><\/span><\/h3>\n

If you are already a property investor with one or even two properties, first of all, congratulations. You\u2019ve taken some seriously great steps in creating your future wealth and a pathway to a work-less, play-more retirement with passive income.\u00a0<\/span><\/p>\n

But what\u2019s next? Where do you find the next deposit amount to grow and build your property portfolio and increase your positive cash flows?<\/span><\/p>\n

Initially you may have used savings, income or equity in your own home to find a deposit for a new investment property. Once those resources are spent and your financial situation is geared towards maintaing your properties, what\u2019s next?<\/span><\/p>\n

Here are some options for you to look into.\u00a0<\/span><\/p>\n

 <\/p>\n

How To: Build A Property Portfolio For The Future <\/span><\/h3>\n

Equity growth<\/b> – If you made a smart investment or two, your current properties will have increased in value from what you paid, meaning you can use that additional equity as a deposit on another property.\u00a0<\/span><\/p>\n

Tax deductions and savings<\/b> – Buying newer builds or properties that give you tax deductions, will save you money, and help create that next deposit amount.\u00a0<\/span><\/p>\n

Joint ventures<\/b> \u2013 Joining forces (and cash) with friends, family or business partners means you can accumulate a deposit amount quicker. Just be wary of pooling cash and investment opportunities with those close to you as there can be emotional issues that get in the way.<\/span><\/p>\n

Borrow money<\/b> \u2013 If you have ageing parents who have equity in their home loan that they don\u2019t know what to do with, or savings they want to invest, why not borrow from them? They will see a return on their investment, and you\u2019ll have your next deposit.<\/span><\/p>\n

Cut back on spending<\/b> \u2013 If you\u2019re serious about wanting to expand your portfolio and raise your next deposit then you won\u2019t mind tightening your belt for a while. <\/span><\/p>\n

Cut back on unnecessary expenses for a short time and you\u2019ll reap the rewards long term. Look at what you could do without \u2013 the second car, expensive holidays, flashy clothes etc \u2013 and spend only what you really need to.<\/span><\/p>\n

 <\/p>\n

Increase Your Income<\/span><\/b><\/h3>\n

One of the other primary ways we can raise money is to earn more. If that sounds too simple to be true, it\u2019s because it is. <\/span><\/p>\n

Finding a job or career with a higher salary, getting a second job, or starting a side-hustle, can all up your cash flow and help you raise another deposit.<\/span><\/p>\n

Here are some easy ways to increase your annual income:<\/span><\/p>\n