How savvy property investors are buying blue chip Melbourne property with a $1 to $50 per week shortfall! And how you can be one of them….New Video Reveals all.
Official website of workshop - www.RealEstateFasttrack.com.au
Official company website - www.investorsprime.com.au
One of the most important aspects of building and structuring a large residential property portfolio is to ‘Start with the end in mind’. That is, know what you want and where you want to go, and then find an exact strategy or 'Blue-Print' that is concise and all-encompassing before you start investing in property.
Many novice investors’ ambitions of building large property portfolios come to a halt simply because they never clearly articulated and mapped out a concise strategy to begin with. Or even worse, they end up buying the wrong type of property, such as a serviced apartment, studio apartment, or an apartment in a high density development, and most likely end up selling that property within 5 years, realising a small profit, but in most cases breaking even or wearing a loss.
There are also other reasons why people fail to secure multiple investment properties; poor financial literacy, or lack of knowledge of lending, being the dominant ones.
From my personal experience and observations working in the Mortgage Broking and Banking industries, most property investors settle for under-performing property portfolios as well as unsuitable loan structures that are robbing them of thousands of dollars per year…
I’ve found, from over a decade of experience in this industry, that any mistakes you make in property, whether it’s selecting an inferior property, buying it in the wrong structure, or the wrong entity, will in most cases end up costing you tens of thousands of dollars in unnecessary expenses or breaking fees.
Not only that, to add insult to injury, there is the lost opportunity cost, from having bought the wrong type of property, and having lost out on the advantage of buying multiple properties, and the accumulated capital growth of these properties.
Furthermore, many investors often become discouraged by one or a few mistakes, and give up investing indefinitely, which is a shame, as they miss out on having a life of financial independence and freedom.
Now here is the bad news…
The latest figures from the Australian Taxation Office (ATO) show that 72.8 per cent of Australian property investors own just 1 investment property, 18% of Australian property investors own exactly 2 investment properties, and less than 1 per cent of property investors in Australia own 6 investment properties or more….
Only 1 per cent of the entire pool of property investors own more than 6 investment properties…
It seems crazy? Doesn’t it?
But there is a solution…
My advice is to create a 'Master-Plan' blue-print, before you do anything else. That is, you must clearly identify your outcome and ultimate goal for building a large residential investment property portfolio.
My company - investors prime real estate works with clients just like yourslef and helps them to identify and develop their plan of attack, which will form the blue-print for their property acquisition, structures, and time-frames.
So what are you waiting for?
Contact a property consultant at investors prime real estate today!
Let us help you begin your journey towards financial independence.
Yours in success!
CEO - Investors Prime Real Estate