This is always an interesting question and one that probably has a thousand answers. Why? Because each and every investor has their own set of circumstances and goals to consider, which means the answer will be different for everyone.
Obviously, many factors come into play, but there are some very basic questions that every would-be investor can start with:Do you know enough about property investing to confidently take action? Do you have cash or equity that can be used as a deposit on an investment property? Can you afford mortgage repayments? Do you want to invest in a negatively geared or positively geared property? Can you afford to put excess funds aside in case of emergency?
These are very basic starting points for all property investors to consider; many times, it’s those property buyers who fail to consider all of the possible outcomes in relation to these questions who run into trouble.
If you’re just starting out, you most likely don't know where to start, which is the main obstacle that tends to get in the way for most investors.
The problem with this is, it can dissuade you from taking action and put you months or even years behind the eight-ball.
If you're ready to take action and work towards achieving your property goals, but you're not quite sure what your next step should be, feel free to get in touch for a chat. During our initial conversation, we can help you work out where you are at in the process – and you’re under absolutely no obligation to continue working with us beyond this conversation.
Our goal is to guide you in the right way towards making smart, informed property decisions that deliver successful results well into the future.
Since 2001, my team and I have been working with property investors throughout Australia, so you will certainly benefit by having our firsthand knowledge at your fingertips!