Is the right time to invest in property despite COVID 19?

Let Glen explain to you how you can still invest in property and benefit from it, during the COVID 19 times.

TRANSCRIPTS:

Hello folks, it’s Glen from 21st Century Group. It’s the umbrella organization for investments, construction, property management, sales and everything to do with an investment property. It’s now April 2020, just thought I would let you know that it’s April, early April 2020, because we are in the coronavirus pandemic. An investor asked me just a few days ago, “Glen is it the best time to invest considering what’s happening around the world?”. And my answer to the investor was absolutely 100%. But there are, but there is a bit of criteria to it. You need to have a job, a stable job, okay? You need to be able to borrow which means that’s where the bank or your broker comes in to get into the investment. You need to understand the investment, you need to understand what you’re getting yourself into, the pros and the cons, right. The ups, the downs all of that. Now let me tell you this to start off with, I’m not a finance broker but I’ve been in the industry for close to 27 years, I’m not a finance broker, so you’ll need to talk your bank or a finance broker. If you don’t have a good finance broker, please email me and I’ll introduce you to an excellent finance broker, whom I’ve known for over 20 years, who will, who has reduced a lot of interest for my clients, right, over the years. Currently, we are in the best shape when it comes to interest, interests on your own home interest, on an investment property just interest in general. Because it’s the lowest rate that I can ever remember ever. Would it go down? I don’t know, I just don’t know. But currently, it’s perfect. So if you talk to your broker or bank and if you are able to refinance your own home mortgage, and that’s if you do have a home mortgage, you can get it at a much better rate and by getting an investment property, you can also use the rent and tax deductions to reduce the interest on your own home which is not a tax deduction. And I could show you how it works it’s quite simple really right and with my little drawings, I’ll show you how it works and all you need to do is take it to your bank or financial broker and they’ll elaborate it on on a grander scale. Very quickly, are you still paying tax on your income? You are, aren’t you?. So let’s see what we can do about that as well. Before I go, I just want to tell, one of the things that I would like to let you know is that foreigners are purchasing investment properties in Australia right now, as we speak. Are they getting any tax breaks? As a matter of fact, I do believe that they are paying more, which stamp duty and all of that to purchase over here, okay? Whereas we are getting every tax break that we can, right, to purchase an investment over here. I could send you information regarding foreigners purchasing investment properties in Australia right now. Just email me, okay. And I’ll send you the information. So let’s get together and have a bit of a chat, we can zoom, you don’t have to meet, alright in person. We can zoom about it. So thank you for watching this video. If you would like to find out more, please email me I think the email address is at the bottom. And could you please comment, share and post this with all your friends. It’s Glen from 21st Century Group. Thanks for watching. Bye for now.

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