Are you thinking of becoming a property investor?
If you’re planning on trading the smashed avo for a property portfolio, knowing where to start can be challenging.
To give you an edge in a game dominated by cashed-up, experienced Baby Boomers, I’ve come up with 4 surefire ways that can help you get started on your property journey.
Tip #1: Educate yourself
But the most important thing you can do is get educated about creating your own investment strategy.
Why do you want to invest? What are your investment goals? How will property investing benefit you?
The answers to these types of questions set the stage for all your future investing decisions.
(NOTE: Want to create real wealth through property investing? Attend Adpen’s Professional Property Investment Program and discover the secrets that will allow you to immediately boost your property investment results. Learn more here!
Tip #2: Talk to real people
In a world dominated by the internet, it’s tempting to source all your information without ever leaving your desk.
But all these facts and figures can’t replace the true value you’ll get from speaking to the true professional investor.
They will understand the growth drivers in the area that will lead to long term capital growth.
It’s also important to understand demographics – who likely buyers and tenants are that help drive the local market.
For example, is the area popular for families, or are professional commuters the norm?
This information can influence the type of property you buy, where you buy, and the features you look out for – such as a secure backyard, ample car parking or proximity to public transport.
Tip #3: Look outside your suburb
For example, if you live in Sydney or Melbourne, rather than searching the outskirts for cheaper property, consider buying in Brisbane. The Sunshine State capital has continuously defied our current national housing decline and is tipped to grow 5% in 2019.
Tip #4: Get sound financial advice
While your Uncle Harry might mean well, he’s not qualified to give you financial advice. Taking his advice could cost you big time if you’re stung with a nasty tax bill.
Seek appropriate professional advice from the experts at Adpen – experts with no hidden agenda and the desire to make sure your property investment journey is a success.