If you are just starting to climb the property investment ladder, this post is for you.
Because this post will show you the best investment strategy for first-time investors…
A strategy that is guaranteed to leave you in a better financial position than you might think is possible!
But first…
Educate Yourself
From blogs to property podcasts and magazines, there is a huge amount of real estate investing information available for first time investors.
The problem – not all of it is good.
Unfortunately, many first-time investors wind up blindly following the advice of an “expert” with a fancy online profile and no experience in owning property, much less investing.
To avoid falling into that trap, do your research. Learn as much as you can before using the strategy they are recommending to you. If they are not using the strategy themselves, then there is something wrong.
Understand The Different Types of Investment Strategies
There are a number of different investment strategies you should consider:
- Capital growth: buying a well-located property that is likely to outperform over time due to strong demand from owner-occupiers
- Cash flow: buying a property that attracts a high weekly rent that will cover the costs of things like mortgage repayments and council rates
- Renovation: buying a property, fixing it up and selling it for a healthy profit
While these are all great ways to generate income through property, there is one strategy which I strongly recommend to first-time investors…
Invest For Capital Growth
For first-time investors, the best strategy is to invest for capital growth.
While cash flow can help cover your repayments, the best approach is to do some cosmetic renovations on your property that will improve its value and rental income over the long-term. Remember – tenants will pay more to live in a nicer property.
Want To Learn More Wealth And Property Investment?
Get in touch with us today if you are interested in building a healthy property investment portfolio. We would love to help you get started on your property investment journey.
