Getting Started in Property Investment

Property investment can seem like a minefield of options. It is somewhat difficult to predict with absolute certainty what the markets will do but you can minimize risk by following some basic rules when it comes to investing in property.

When investing in property, there are so many options that are thrown at you and so many questions to ask. We have outlined 6 easy steps in getting started on your way to financial freedom through investing in property wisely.

Set a Goal

This is the most important part of the wealth building journey. Deciding what you want and setting goals will have a big impact on what type of property you will need. Are you more focused on cash flow or capital growth? Our aim is to match you with the right property and ensure your portfolio is structured correctly.

Find a Mentor

A great way to avoid the traps and pit falls that a lot of people fall into when they are not sure how to invest in property, is to follow someone who has already been through it and succeeded. Not only does it help you avoid losing money, having a mentor can inspire and motivate you to be your very best.

Check your Borrowing Capacity

Unless you have an unlimited amount of cash in the bank, you will have to borrow to invest. Having your borrowing capacity (BC) checked by a qualified mortgage broker that knows what they are doing is going to let you know what you have to start with and what changes you have to make to fit within bank policy.

To check your Borrowing Capacity, please download the Current Position Form, fill in and send back to us using the form on the right.

Submit Current Position Form

    Build a Team

    It is important that you have a good team of professionals there to support you on your journey. This will include an accountant, solicitor, mortgage broker and property manager. By having the right team supporting you, giving you the right property investment advice, your journey will be so much easier.

    Research

    Research the property market and potential areas (or have someone that knows what they are doing do it for you) but be careful not to over analyse.

    Buy an Investment Property

    Yes. Unfortunately to make money out of property investment, you have to buy one! Many people would like there to be another way but unfortunately there isn’t. At some stage you have to put all your fears and all that negativity behind you and actually step up to the plate and have a go. Do you remember the first time you rode a bicycle? It was terrifying. But after the first time it became easy and you wondered why you were ever scared. The same goes when you are not sure about how to invest in property.

    The official Reserve Bank of Australia (RBA) cash rate has been held at 0.1% for another month, sparking more debate about just how long it can remain so low. What is this mean for property investors and people seeking to invest in property? Watch the video below or visit www.rogerspropertygroup.com.au/ for the latest updates in Australian Property Market. ... See MoreSee Less
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    4 weeks ago

    Extra low interest rates are now the norm with some banks even offering up to $4,000 cash back to switch lenders. Now has never been a better time to review your loans. Our in house loans expert can review your loans, free of charge and ensure you are on the best rate and package possible. ... See MoreSee Less
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