One of the most important first steps when it comes to property investing is talking about the financials. People often forget this part – and skip straight to searching for the perfect property – but doing the numbers lays the groundwork for the whole investment strategy, so the discussion has to happen early on.
This involves preparing a full financial report with figures such as property costs, loan costs, your income, loan type, rates and insurance. The report will also show tax benefits like depreciation, rental yield, cash flow and, crucially, your net income plus potential capital growth.
The financial consultation with Dwyer takes the form of a brief presentation in person or via video call, and covers things like how to go about getting finance approved, the best way to structure your investment loan and what tax deductions may be available.
By the end of the conversation, investors will not only have selected a property that suits their financial goals and investment strategy, they’ll also know what their financial outlay will be and what gains their property will generate over time.
This personally tailored financial consultation is free, and there’s no cost for producing the financial report – both are part of the service Dwyer offers. Understanding the financial implications of property investing is vital and can help investors avoid costly mistakes.
For more information, contact Jason Dwyer from Dwyer Property Investments on 1800 088 437.