THE THREE STEPS TO PROPERTY INVESTING
Hi, this is Jason Dwyer, managing director of station sponsor Dwyer Property Investments.
I grew up on The Coast and have been involved in the local property market most of my life.
My brother has one of the most trusted building companies on The Coast, Dwyer Quality Homes.
Our family has been helping Queenslanders build beautiful homes and invest in property for more than thirty-five years.
Becoming a property investor isn’t hard or complicated but many people get it wrong.
Follow these three basic steps to start investing – and building your future – today.
Step one: sort out your finances. This is THE most important aspect of investing, even before you start searching for a property.
First, contact a mortgage broker to help you find a loan that will suit your specific needs.
They do all the legwork and the bonus is that the lender pays the broker’s fees. Chances are they’ll get you a better interest rate, too.
Step two is: understand the financials. This is a vital, often overlooked step, that will guide your whole investment strategy or plan.
It involves doing a full financial report with figures such as property costs, loan costs, your income, loan type, rates, insurance, etc.
The report will also show tax benefits like depreciation, rental yield, cash flow and, most importantly, your net income plus potential capital growth.
Step 3: choose the right property. This is the fun part.
With your investment strategy in place, choosing the property is easy.
Once you know if you are able to invest in property, and understand the financial benefits, you’re then in a good position to decide when and what to invest in.
If you follow this simple three-step advice, you’ll be well on your way to earning money from profitable, cash-positive and tax-effective investments.
We’ve helped many investors build a successful property portfolio and we’ll be with you every step of the way.