Investing in property is all about the figures. If the figures don't stack up and fit in with your specific financial situation, then property investment is not right for you. However, if you get a loan offer and the financial analysis cash flow report that we prepare for every investor suits your lifestyle and financial plan, then property can be a very good way to create real future wealth. Many people make the big mistake of thinking “Let's invest in property” then go to re.com and start looking for a house. This is totally the wrong approach and can end in a potential financial nightmare.
The very first thing I recommend we do before any discussions about high growth areas, number of bedrooms, etc. is to sort out your finances. This is best done by speaking to a Mortgage Broker to ascertain your borrowing capacity. Now you can find your own broker or use one that we recommend; they are all licensed and regulated although some are better than others. Once your borrowing capacity is known, then you at least know that if property is right for you and your situation, then you should be able to secure a loan and start your property investment journey.
Next, we would do a Property Investment Analysis (PIA report), as this shows you all the financial implications of investment property ownership, such as:
These figures can be sent to your accountant or advisor (if you have one) to get a 2nd opinion on the tax implications.
Once completed, you will be in a position of power to make an informed decision about how you should proceed, and so far it’s cost you nothing but a bit of time....
SO...
Now is the time to actually look at different property options.
I Want To Start My Property Investment Journey
Kind regards,
The Dwyer Property Investment Team
Call us today to discuss how we can help you own an investment property or visit www.dwyerpropertyinvestments.com.au
Jason is the Managing Director of Dwyer Property Investments and a trusted local expert. Together with build partner Dwyer Quality Homes, he’s been helping Queenslanders buy profitable, cash-positive, tax-effective investment property for 35 years. Visit dwyerpropertyinvestments.com.au.
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