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
- “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!”
- “Engaging with Lynda was one of the best decisions we have ever made and we wouldn’t hesitate in recommending her to others. After many months of searching for our first… Read More
“Engaging with Lynda was one of the best decisions we have ever made and we wouldn’t hesitate in recommending her to others.
After many months of searching for our first home, we felt disheartened by the market, but Lynda renewed our hope and confidence while also providing peace of mind that we had someone in our corner with immense expertise and industry knowledge. Lynda is at all times professional, warm and respectful, and she genuinely cares about the best interests of her clients.
Our expectations were exceeded when Lynda secured our first home at a brilliant price and in a wonderful location. She then guided us through the subsequent renovation process. Leveraging her industry contacts, she coordinated all quotes and trades to work within our budget while never compromising on quality.
Lynda is proactive and had solutions ready for challenges before we even knew they existed! Her dedication and attention to detail are second to none; we had complete trust in Lynda from the beginning.
We’re thrilled with the result, and wouldn’t be living where we are today if it wasn’t for Lynda. Thanks, Lynda!”
- “Having tried to navigate the real estate process alone for quite some time, after starting working with Lynda success came quickly! She made the whole experience easy, with her calm,… Read More
“Having tried to navigate the real estate process alone for quite some time, after starting working with Lynda success came quickly! She made the whole experience easy, with her calm, assured knowledge and guidance. Her communication throughout was excellent, which meant I was able to feel completely informed and part of the process, with the bonus of not having to worry about all the things that take time and effort making sure a property is going to be right.
Lynda took the time to understand the kind of property I was after, even though these were few and far between. Most significantly, her ability to navigate the challenges of COVID impacting the property market, and knowing that I was being protected through negotiations was invaluable. Lynda made what had until then been quite an unpleasant process, easy, relaxed, and even fun sometimes!
Thanks, Lynda!!”
- “When we feel in love with the “idea” of living on land we really had no idea where to buy or what would best suit our family – Your clear… Read More
“When we feel in love with the “idea” of living on land we really had no idea where to buy or what would best suit our family – Your clear plan and questions certainly narrowed it down and made us look at what was most important, your knowledge and due diligence on the rural property was amazing- we learnt a lot!!
Thank you also for going the extra mile looking into the schools, clubs, and community.
We are living the dream!” (if only we could post you some eggs from the chickens)
- “After looking for 6 months and having to have my pre-approval updated once again I had almost given up on the idea of finding my next property. Then whilst having… Read More
“After looking for 6 months and having to have my pre-approval updated once again I had almost given up on the idea of finding my next property.
Then whilst having coffee with a friend (and complaining) she flicked me your card!
The rest is like magic! – Within two weeks you had found not only the ideal property however it was pre-market giving me first option to secure without all the competition.
Thank you so very much. We are very happy!”
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