Property investment is a team effort. You might be surprised at the amount of people behind the scenes working as your elite team members, whose expertise and knowledge enable you to make the best decisions to better your investment portfolio and property management. Each member of your investment team has a range of different strengths, skills and capabilities that can help you with all the tasks involved in investing. So, who are these people, you ask? Well, let’s meet them now.
The Property Investment Advisor
Your property investment advisor is like your coach. They’ll help you look at your lifestyle, assets, income and future goals, and advise you to make the best decisions for your situation. Property investment advisors will help you make thoughtful, strategic decisions, and ensure you get the best result from your investment. They are the key players in your expert team.
The Mortgage Broker
Having an investment-savvy mortgage broker on your team is one of the best things you can do for your investment. A mortgage broker will act as a go-between for you and the bank (or lender) to negotiate the loan. They’ll do the research for you, find the best terms and rates, and support you through the application and subsequent settlement process. They’ll also review your finances regularly, in order to make sure your property portfolio is heading in the right direction: up.
Calculating and filing your financial documents for investments can be confusing and time-consuming. Outsourcing your accounting paperwork is the easiest way to ensure your financial information is filed correctly and in due time, freeing you up to do the more important (and fun) things in life. An accountant will also look at your tax and entities, and structure them in a way that will optimise and save you money.
The Independent Buyer’s Agent
A buyer’s agent will take all the hard work out of property researching. They’ll know the best places, the up-and-coming suburbs, and they’ll source the best properties that will meet your financial situation and investment criteria. A good buyer’s agent will know numbers, and be able to gauge whether a proposed investment will get a good return. They will find you the right property, negotiate the best prices and get you the best deal.
Each and every person on your team should be an investor themselves. This way, you can be assured that they are adequately informed and will make the right decisions for you. Only an investor will understand the nuances that come with investing, and by carefully selecting the right members for your expert investing team, you’re going to be in a much better position to start kicking your financial goals.