Aussies love property and it’s our favourite way to build wealth, primarily because of the strength of the returns and the confidence we have in the property market.

So, how do you get started?

First, you decide your goal. Is it simply to build wealth for your own future? Is it to leave a legacy? Is it to reduce your tax burden?

We always start with the “why”.

Then we look at how – and this is where professionals can become involved. Those professionals can include:

  1. a mortgage broker – to help you structure your loan to meet your current and future needs and also to assess your borrowing capacity.
  2. a financial planner – to help you create a financial plan to meet your goals and timeframes.
  3. a property investment specialist – to help you with fact-based research (rather than media spin or advice from mates) and also to source the property that meets your goals.

Once you have found the property, you will also need a conveyancer, building inspector, property manager and a quantity surveyor (for depreciation schedule if you are buying new), but they come next.

Then once you have one property chugging away nicely, do you start looking for another or sit contentedly on the one?

Investing in property can become addictive when you’re getting great returns, so it’s always good to come back to the “why”. Do you need a large portfolio to meet your goals or will one or two properties get you there?

If property investing is on your radar, we’d love to chat and help you get started.

If you’re already investing, what’s your greatest lesson that you can pass on to investors starting out?

#buythathouse #buythatinvestmentproperty