We Build Your Future
Call Us Now: 1800 088 437

Three simple steps for successful property investing

Becoming a property investor isn’t particularly hard or complicated, but many people get it wrong because they skip some of the important steps at the beginning of the property investment process and jump straight into the property search. Following three basic steps can help you avoid the common mistakes and show you how to invest in real estate successfully.

Step one is the most important: sort out your finances. First, contact a mortgage broker to help you find a loan that will suit your specific needs and financial circumstances. A broker will do all the legwork for you – usually for free – and there’s a good chance they’ll be able to get you a better interest rate, too. 

Secondly, understand the financials. Again, this is often overlooked – but it’s vital, as it will guide your whole investment strategy. Step two involves putting together a full financial report that shows investors’ incoming earnings and outgoing expenses; for example: cash flow, property and loan costs, rates and insurance. The report will also show rental yield, tax benefits like depreciation and, most importantly, your net income plus potential capital growth. 

It sounds complicated, but once all the figures are laid out, it becomes clear. It’s often a light-bulb moment when people say, “Ah, now I get how it works.”

Once you’re happy with the financial set-up in steps one and two, then step three – choosing a property – is easy and, obviously, a lot more fun. 

Investors who haven’t done their homework on the financials will feel nervous about the whole process – this is how mistakes are made. But if you follow this simple three-step advice, you’ll be well on your way to making money from property.

For more information, contact Jason Dwyer from Dwyer Property Investments on 1800 088 437.

Share:

FREE Download: Property Investing Starter Pack

How to invest with no risk of vacancy for 3 years, with our 3 Year Rental Guarantee
How we select high-yield / high-growth investment locations (to suit your investment strategy)
7 must-know tips for investing in property (based on 30+ years building investment properties)
Step-by-step guide to becoming a property investor
Jason Dwyer

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

FREE: Investing Starter Pack

Step-by-step guide to becoming a property investor
7 must-know tips for investing in property (based on 30+ years building investment properties)
How we select high-yield / high-growth investment locations (to suit your investment strategy)
How to invest with no risk of vacancy for 3 years, with our 3 Year Rental Guarantee
Dwyer Property Investments Downloadable and FREE Starter Pack

Contact Us

1800 088 437

Contact Us Online
Dwyer Property Investments
1st Floor, 256 Nicklin Way,
Kawana Waters, Qld 4575.

Privacy Policy | © 2020 Dwyer Property Investments. All Rights Reserved.

phonearrow-rightcheckmark-circle