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.

In spite of economic downturn due to Covid-19 outbreak, most people seeking to invest in property are seeing this as an opportunity to start investing through long-term strategy. The recent decision of RBA to drop interest rates was intended to protect the economic impact of the Covid-19 pandemic. With historic low rates at 0.25%, it is a good time to consider investing in property. In fact, with low rates and a good selection of property inventory, this gives investors more buying and negotiating power. Watch the video below for more details or visit us at www.rogerspropertygroup.com.au for the lates property news. ... See MoreSee Less

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Given the quickly changing nature of Covid-19 in Australia we wanted to provide you with an update with the measures Rogers Property Group is taking at this time. We are firmly committed to doing everything we can to protect the safety of our clients, staff and the wider community.

Hygiene practices will be strictly observed and we are taking necessary steps to ensure a safe and healthy environment for all. We are open as usual and our Free Phone and Video Appointments are unaffected.

If you have any questions, you can always reach us easily through a phone call on 07 5502 2726, email at info@rogerspropertygroup.com.au or chat with us live at www.rogerspropertygroup.com.au.
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