Our 4-Step Plan for Successful Property Investment
Investing in property is one of the most reliable and effective ways to build wealth and secure your financial future. Whether you’re a first-time investor or looking to expand your existing portfolio, having a clear, strategic plan is essential for success.
Our 4 Steps To Success Program
Our 4 Steps to Success Property Investment Plan offers a comprehensive guide to navigate the complexities of property investment, from sourcing the right properties to maximising tax benefits.
By following these steps, you can make informed decisions, optimise your investments, and achieve long-term financial stability. Our approach covers every critical aspect of property investment:
Sourcing the Right Property
Research and Selection: We have a team of experts that will do all the heavy lifting for you by sourcing and assessing 100s of new properties every week and saving you valuable time. We analyse factors such as location, market trends, property condition, and future development plans.
Due Diligence: We review local market reports and rental yield data to ensure the property aligns with your investment goals.
Expression of Interest: Once we all agree that the property is the most suitable for your plan, we place and EOI over the property to hold the property while the purchase contracts are drawn up. Once the contracts are drawn up, they are ready to be signed so the finance period can commence.
Action: Call our team on 1300 657 646 or enquiry through any of our online properties that take your fancy here >>
Timeline: 2 Days
Secure the Best Finance
Financial Assessment: Evaluate your financial situation, including your income and new rental income, and existing debts. Determine your borrowing capacity and desired loan-to-value ratio.
Loan Comparison: Compare different loan products to find the best type and interest rate. Consider fixed vs. variable rates, loan terms, and any associated fees. Utilise our team of mortgage experts to access exclusive investment loan deals.
Confirm your Loan: Once we have found the perfect property we can add that to the loan details and sign the loan agreement to purchase.
Action: We will get one of our team brokers to contact you to get things underway. They will already be aware of the property you want to purchase and understand the yield, purchase costs and potential growth to help speed up the process.
Timeline: 14 Days
Buying the Property and Sourcing a Suitable Tenant
Settlement Process: We will work with the developer to get the property settled on your behalf by introducing our legal professionals to finalise the property purchase and ensure all legal and financial documentation is in order.
Pick the Perfect Property Manager: We work with selected Property Management professionals to manage your asset and in some cases, this includes the developer’s In-house property management team. The property managers are fully compliant and offer industry expertise to ensure the maximum returns on your assets whilst ensuring the property is well looked after by choosing the most suitable tenants along with regular property inspections.
Tenant Selection: We assist the management team by advertise the property and screening potential tenants carefully by performing background checks, verify employment, and assess rental history to secure reliable tenants.
Optimising Rental Yield: We work with our management team to set a competitive commencing rental rate based on market analysis. We regularly review and adjust rent to keep up with market trends and allow increased rental yield and ultimately, property value. Our team will maintain the property well to attract and retain quality tenants.
Action: Once you go unconditional on the purchase we will engage the Management team to start sourcing suitable tenants
Timeline: 3 weeks
Maximising Tax Benefits and Long-Term Planning
Engaging a Great Accountant: Our In-house Accounting Team are experienced in property investment. They can help you navigate tax laws, maximise deductions, and implement effective financial strategies. Alternatively, if you already have a good property accountant, we will work directly with them to get the optimal financial outcome for you.
Utilising Depreciation and Deductions: Take full advantage of property depreciation and other available tax deductions to reduce taxable income. This can include expenses related to repairs, property management fees, and loan interest.
Debt Reduction Strategy: Use the rental income to pay down the mortgage principal. Implement a disciplined approach to accelerate debt repayment, such as making extra repayments or using offset accounts.
Scaling Your Portfolio: Once equity builds up in your property, consider leveraging it to acquire additional properties. Repeat the investment cycle, gradually building a diversified and debt-free property portfolio.
Retirement and Financial Planning: Our In-house Financial Planners will continuously monitor your investment performance and adjust your strategy as needed. Aim for a balanced portfolio that generates steady rental income to support your retirement and family’s financial future.
Action. We will continually work with you over the journey to get the most return on your investment
Timeline: Ongoing until we use the acquired equity to purchase another property and continue this cycle of success.
Once You Complete This Plan
By following these steps, you can efficiently leverage your equity to grow your property portfolio, ensuring long-term financial success and stability.
You can clearly see that by letting our expert team handle every stage of the investment purchase you should have the keys to your new property and start making money within 45 days. Your first steps to an enjoyable retirement are now underway.