?? Building an Investment Property Portfolio: Why & How to Get Started
Why invest in property?
Ultimately, it’s about growing your wealth. Whether it's to boost income for retirement, leave a legacy for your children, or build equity for other investments, property offers unique benefits like tax advantages, low volatility, and most importantly, leverage.
Example: A $100,000 deposit on a $600,000 property with 5% growth could mean a $30,000 return annually – a much better outcome than traditional term deposits!
1. Understand Your Goals ??
What are your reasons for investing in property? Setting clear, long-term goals is crucial. For example, if you aim to have $10 million in equity, you might need to invest in $5 million worth of property and hold it for 10-15 years. Be realistic about your starting point and keep your objectives measurable.
2. Assemble Your Team ??
10+ years of experience has shown that wealth creation isn’t a solo act. Successful investors build a team, including:
This investment in expertise pays off in the long term. Remember, it’s about making money, not just saving it!
3. Plan Smartly ???
Your plan should cover:
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4. Execute ??
Found the right property? Time to negotiate! Have your buyer’s agent help secure the deal. Before you commit:
Final Thoughts: Take Action! ?
Don’t get stuck in "analysis paralysis." Wealth creation is about taking informed steps and being patient. It's a journey, not a sprint.
Ready to start your property investment journey? Let’s connect! Your financial future awaits.
#PropertyInvestment #WealthCreation #MortgageBroker #LukeHanlon
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