Where Do I Start?
Nowadays there is an overload of advice and information available to investors when it comes to property. Every expert seems to have their own strategy, seminar or way of investing that claims to guarantee the results investors are looking for. This is both a good, and a not so good approach. There is a lot of great information available for those who are prepared to seek it out, interpret it and take action.
But what happens if you come across the wrong people giving the wrong advice?
Who To Trust?
I truly believe that in today's property arena, deciphering the good advice from the bad so that you can make informed buying decisions (and spotting the property sharks) is the single biggest challenge facing investors. Personally, I am not an advocate of property seminars where advice is given in conjunction with developers, builders or agents with their own agendas. In my experience, there always seems to be a catch, and it doesn't always benefit the investor.
What investors should be looking for in an advisor is first hand experience, industry know-how, local knowledge and most importantly, completely UNBIASED advice.
A proven track record of successful investments is also a must in my opinion.
Which Property Is Right For Me?
Although there are some rules of thumb which I stand by when it come to investing in property, I also understand that investors require highly individualised solutions when it comes to the right investments to suit them.
Put simply, I don't believe there is a "one size fits all" property solution.
The right property is the one that meets your individual circumstances, financial position, personal goals and investment comfort levels.
This property also needs to show evidence that it can OUT-PERFORM the averages.
building a high performance portfolio.
What drives capital growth?
Is negative gearing the best strategy for me?
How much money will I need to commit to my investments both upfront and ongoing?
These are just some of the many questions investors must consider before jumping in the deep end.
If you're unsure of where to begin, I can help.