Investors
When buying an investment property, it is important to have a strategy in place that is aligned with your end goal. There are many different aspects to developing a property strategy and this will look different for each individual investor. Some fundamental questions to ask yourself to help in determining a strategy that is best for you.
Buying an Investment Property
When buying an investment property there are some fundamental questions to ask yourself to help in determining a strategy that is best for you.
Why?…Often we find the answer to this question is because all my friends are doing it, to have a property for the children to use whilst studying, my parents have advised me to, however the real question is why do you want to invest in property? Or more simply, what is your end goal. It’s important to set goals and break them down into short, medium and long term to ensure the optimal outcome is achievable.
When?…Understanding your timeline is an important factor when investing in property. Is now the right time for you to invest? Do you have the income and cashflow needed to support a portfolio? Have you obtained the correct advice? Often investors buy a property before determining how they are going to sustain it or have the overall picture.
What and Where?…Knowing the type of asset class and locations that fit your strategy and what is achievable within your budget, without compromising your long term goal. You need to have a clear understanding of this, it can be different for each individual investor.
Key Fundamentals
When considering a property investment, keep these key fundamentals in mind:
- Choose properties with broad appeal to owner-occupiers.
- Select locations with convenient access to amenities and transportation.
- Identify areas undergoing gentrification for long-term growth prospects.
- Seek properties with unique features or limited supply.
- Research historical growth trends and vacancy rates.
- Prioritise well-designed properties that cater to diverse demographics.
Have A Plan & A Team
Who?…Do I need in my team to ensure my end goal is achieved with confidence? Industry experts such as a mortgage broker or bank, solicitor or conveyancer, financial planner, accountant, building and pest inspector, buyers advocates and property manager. A professional team with strong industry knowledge, who you can trust to make your journey successful.
Here are some important steps to prepare your game plan:
– Start with a clear vision of your end goals.
– Equip yourself with sound advice from trusted sources.
– Surround yourself with a competent and knowledgeable team.
– Develop a precise and comprehensive strategy.
– Gain a thorough understanding of your financial position.
– Assess the feasibility of various asset classes for your budget and objectives.
By adhering to these guidelines and crafting a well-structured strategy, Inview Property can assist you in navigating the complexities of property investment with confidence.
Case Study
Investor for Full Apartment Block with Potential to Subdivide
Location: Elwood
Clients Brief: Our investor based in Sydney had their sights set on acquiring a distinctive property to add to their portfolio. With a specific location in mind – Elwood – we embarked on a mission to secure an Art Deco building comprising multiple apartments under one title. Our goal was to find a property that was well-maintained and ready for immediate leasing, while also offering the potential for future subdivision into individual titles. This strategic approach aimed to maximise our client’s long-term investment goals.
Our Solution: We successfully secured an off-market opportunity—a dual street frontage block consisting of five Art Deco apartments that had recently undergone updates, ensuring they were ready for immediate leasing upon settlement. With an above-average yield, this investment aligns perfectly with our client’s long-term objectives. Additionally, we’re delighted to provide ongoing management for these apartments through our dedicated property management department, ensuring a seamless experience for our client and tenants alike.
Testimonials
- “Our experience with Lynda was outstanding from the start to the very end. From finding the right property in the right spot in a very tough market, to leading the… Read More
“Our experience with Lynda was outstanding from the start to the very end. From finding the right property in the right spot in a very tough market, to leading the negotiation with the vendor, everything was handled extremely skilfully and professionally by Lynda. The transaction turned out to be much more complex than expected, but Lynda’s energy, skills and tenacity got us there. Ultimately, Lynda saved us a huge amount of money, stress and time. Unless your day job is to buy properties, I would highly recommend Lynda and the broker and conveyancers she works with. A Dream team.”
- “As a new empty-nester, I was keen to move inner city but was not familiar with the uniqueness each city suburb offered. Lynda gently guided me through the process of… Read More
“As a new empty-nester, I was keen to move inner city but was not familiar with the uniqueness each city suburb offered.
Lynda gently guided me through the process of identifying the key criteria that that would lead me to my dream location and property type. It was a seamless process, stress-free and so much quicker than I could have ever anticipated. I was impressed by her thoroughness and knowledge.
I am thrilled with the outcome.”
- “Lynda and team are amazing! Super supportive, very thorough, regular meetings to discuss potential properties, explaining why some aren’t suitable. 100% trust in their process and delivery.”
“Lynda and team are amazing! Super supportive, very thorough, regular meetings to discuss potential properties, explaining why some aren’t suitable. 100% trust in their process and delivery.”
- “We received excellent advice and support from Inview, particularly Lynda, who helped us find a great property meeting all our expectations.”
“We received excellent advice and support from Inview, particularly Lynda, who helped us find a great property meeting all our expectations.”
- “Being interstate and the boarders closed we were nervous in purchasing our next investment without flying down to see it. However, it became evident from the start that you were… Read More
“Being interstate and the boarders closed we were nervous in purchasing our next investment without flying down to see it.
However, it became evident from the start that you were not going to allow us to make a final decision until we were well educated not only on the property and the area, but the impact covid was having on the market and what kind of tenant we would achieve etc.
The countless photos, videos, facetime walkthrough and answering all of our questions have not gone unnoticed.
Thanks so very much, Lynda!”
- “I just want to add my word of thanks! It’s always a pleasure working with you. We really appreciate how thorough you always are, as well as your good counsel regarding the properties… Read More
“I just want to add my word of thanks! It’s always a pleasure working with you. We really appreciate how thorough you always are, as well as your good counsel regarding the properties on offer, the overall market, and the processes, which are often quite complex!”
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