Turning your property investment into a huge success does not require much risk taking, or even much capital. By following the basic principles of property investments you can easily avoid the common mistakes, and quickly build up your portfolio.

Here are 3 ways to increase your property investment return

1# Renovate a rundown property
2# Buy a repo property
3# Choose the right locations

Renovating a rundown property is a hugely popular choice among many investors.
This option draws on every key aspect required to be a smart and successful property investor. The first step in this process is to find a cheap property that has potential to attract a high rental or reselling price.
To do this successfully you will need to do some very detailed research, and often you may need to know more about a property than the owners do. Recent sale prices, trends, future projections or planned community upgrades – these are just some of the things you would need to research.
Following that you would look to add value to the property. Aim to add an extra R3-R5 of value for every R1 you spend on the renovation.
and finally, work quickly to get the job done and work within a detailed budget.

Buying a repossessed property:
If you are not confident about you renovation skills, you should consider searching through the repossession lists.
Repo properties are often sold and a huge discount as the banks are keen to off load these properties and recover some of the outstanding debt.
South African Banks are even willing to sweeten the deal on these sales by offering full 100% bonds and discounts on the attorney costs.
Its not too difficult to pick a cheap repo property, that is able to attract a decent rental income.

Choose the right locations:
Everyone will tell you that property is all about location. I would agree, but the best locations may not be in the most popular areas, rather the best locations are in the areas that you are most familiar with. Stick to what you know. The more information you have about an area (or property) the likely you are the make a sound and profitable decision.

For more info on Futher Loans, Building Loans or New Home Loans go to www.mortgagepluscc.co.za