This is perhaps the single best tip for newbies because
purchasing any old property is likely to result in a failed investment.
Most investors never get past their first or second property
because they haven't adhered to a strategic investment plan.
Most properties are not what I call investment grade and
don't deliver wealth-producing rates of return.
Attaining wealth doesn’t just happen, it’s the result of a
well-executed plan.
Planning is bringing the future into the present so you can
do something about it now!
When you have a Strategic Property Plan you’re more likely
to achieve the financial freedom you desire because we’ll help you:
- Define
your financial goals;
- See
whether your goals are realistic, especially for your timeline;
- Measure
your progress towards your goals – whether your property portfolio is
working for you, or if you’re working for it;
- Find
ways to maximise your wealth creation through property;
- Identify
risks you hadn’t thought of.
Strategic investors invest for capital growth because they
understand that they must first build a significant asset base before they can
lower their loan-to-value ratios and then eventually live off their properties.
This means they chase capital growth rather than cash flow
in the early stages of their investment career.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 16 October 2024
