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Are you planning to invest on a dual income property? This type of property generates two streams of income from two separate living spaces. Such kinds of properties can be detached or attached. You can find two living spaces in these properties, and each of these has a rental agreement of its own. One person might be the owner but it can be rented to various tenants. The property owner can stay in a part of the property and rent the other part out. Find out how to spot a dual income property for sale in Brisbane.
1. Search online property portals
You can check out online property portals, local real estate platforms and websites like realestate.com.au, domain, and more. These platforms can help you find properties based on price range, location, type of property and more.
Check out listings of dual income properties such as properties with separate rental units, dual-key apartments, orduplexes. You can set up alerts for new listings so that you can get notifications instantly.
2. Network with local real estate agents
You can build relationships with local real estate agents and form a network. In this way, you can have a proper idea about the market. It can be easy for you to get off-market listings that the public cannot avail easily. You can clearly tell your investment goals to them and they can tell you about appropriate options. With an expert agent, you can find out about market trends, emerging neighborhoods and more.
3. Attend property investment seminars and workshops
It can also be easy for you to buy investment property with proper knowledge from property investment seminars and workshops. Many industry experts attend these events and can guide you about the best dual income properties that are worth investing on.
4. Leverage social media and online forums
You can also check out Facebook, LinkedIn, or other networking sites and join property investment groups where tips, experiences and listings from members are easily available.
5. Conduct Local Market Research
With research on the local market, you can easily spot potential for capital growth, low vacancy rates, areas that have excellent rental demand and much more.
These tips can be invaluable for you in taking the right decisions about property investment.
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