How Much Does It Cost To Invest In Property? Real Numbers + Hidden Costs ⎜ Ep. 1355
In this episode, you'll learn the 3 main costs of investing in property. These include 1) the purchase price, 2) the cashflow of the property and 3) the set-up costs. You'll learn how a standard new build property typically costs between $550k – $1.1 million. However, the rent of this property won't cover all of the costs to own it. That's why investors need to top up their properties by $300 - $500 a week. On top of that, there are set-up costs, which investors typically need to pay $4k - $7k. Ultimately this will let you know how much you need to pay in order to buy and own an investment property. Key topics: cost to invest, set up costs, cashflow