Know how to preserve your wealth<\/span><\/li>\n<\/ol>\n[\/et_pb_text][et_pb_text admin_label=”Text_H3: ” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font=”Open Sans||||” saved_tabs=”all”]<\/p>\n
1.<\/b> The business of investing in property<\/b><\/h3>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
Perhaps you\u2019ve never thought of buying investment property as a business, but it is.<\/span><\/p>\nIt\u2019s a way to make money, is it not?<\/span><\/p>\nSo then, if it\u2019s a business you\u2019ve got to pay attention to it, not let it sit and stagnate.<\/span><\/p>\nGranted, investing in property is a long sum game, but that doesn\u2019t mean you ignore your investments…you\u2019ll pay attention to your yields, your expenses…anything and everything that has the potential to have an effect on your profits.<\/span><\/p>\nFor example, you\u2019ll:<\/span><\/p>\n\nPut together a business plan that includes a detailed investment strategy<\/span><\/li>\nSet up generous buffers to meet business expenses (e.g. improvements, repairs, rental vacancies, etc.)<\/span><\/li>\nPut together a team of professionals who can help your business grow, such as a good finance planner, a savvy broker and a highly reputable property management company.<\/span><\/li>\nFind a way to organise your records<\/span><\/li>\nIdentify and establish business relationships with a collection of quality tradespeople whom you can call on when necessary.<\/span><\/li>\n<\/ul>\n[\/et_pb_text][et_pb_image admin_label=”Image_384px” src=”https:\/\/www.trc-gorod.ru\/wp-content\/uploads\/2017\/04\/shutterstock_130068269.jpg” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” sticky=”off” align=”left” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid” custom_css_main_element=”max-width: 384px;” alt=”The business of investing in property” \/][et_pb_text admin_label=”Text_H3: ” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font=”Open Sans||||” saved_tabs=”all”]<\/p>\n
2.<\/b> Leverage<\/b><\/h3>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
Understanding leverage is key to managing your investment property portfolio. If you know what banks are looking for when they evaluate your loan application you\u2019ll be in a position to make your financial profile as appealing as possible.<\/span><\/p>\nSome things that banks consider include:<\/span><\/p>\n\nA solid\u200b \u200bemployment\u200b \u200bhistory <\/span><\/li>\nSavings\u200b \u200baccount\u200b \u200bwith\u200b \u200baged\u200b \u200bfunds <\/span><\/li>\nGood\u200b \u200bcredit <\/span><\/li>\nA low\u200b \u200bdebt\u200b \u200bto\u200b \u200bincome\u200b \u200bratio\u200b<\/span><\/li>\n<\/ul>\nProperty attributes:<\/i><\/b><\/p>\n\nProperty location (postcode)<\/span><\/li>\nMarket drivers (suburb yield, economy, population, demographics, etc.)<\/span><\/li>\nValue of the property<\/span><\/li>\nDwelling size <\/span><\/li>\nHousing density<\/span><\/li>\nExposure (e.g. the lender already has too much capital invested into a particular marketplace)<\/span><\/li>\n<\/ul>\nNote: If you\u2019re getting lender\u2019s insurance, mortgage insurers must also approve your loan application.<\/span><\/i><\/p>\nFollowing are a few things you can do to improve your ability to obtain leverage. <\/span><\/p>\n\nReduce your outstanding \u201cbad\u201d credit. Of course this means any credit card or personal loans you may have, as well as the mortgage on your personal place of residence.<\/span><\/li>\nSell off any underperforming properties and use the funds to beef up your existing buffers.<\/span><\/li>\nIf you\u2019re not saving regularly, start saving now. Lenders want to see that you\u2019re consistently saving over time.<\/span><\/li>\n<\/ul>\n[\/et_pb_text][et_pb_text admin_label=”Text_H3: ” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font=”Open Sans||||” saved_tabs=”all”]<\/p>\n
3.<\/b> Correctly structure your investment portfolio<\/b><\/h3>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
An investment property structure simply refers to how you take ownership of the investment property.<\/span><\/p>\nEssentially there are four ways to hold title to a property:<\/span><\/p>\n\nIndividual<\/span><\/li>\nCompany<\/span><\/li>\nPartnership<\/span><\/li>\nTrust<\/span><\/li>\n<\/ul>\nEach of these types of ownership structures has benefits and risks, depending upon your particular situation and what you want to accomplish through investing in property.<\/span><\/p>\nConsult with a qualified legal professional who is experienced in property investing to determine which type of structure will suit your particular situation.<\/span><\/p>\n[\/et_pb_text][et_pb_image admin_label=”Image_384px” src=”https:\/\/www.trc-gorod.ru\/wp-content\/uploads\/2017\/04\/shutterstock_418286614.jpg” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” sticky=”off” align=”left” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid” custom_css_main_element=”max-width: 384px;” \/][et_pb_text admin_label=”Text_H3: ” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font=”Open Sans||||” saved_tabs=”all”]<\/p>\n
4.<\/b> Buy the right properties in the right locations<\/b><\/h3>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
While it\u2019s important to find the right location to invest in property, it\u2019s equally important to find the right property within a growth location to maximise your profits.<\/span><\/p>\nFor example, if the area demographic prefers houses over units, which property type do you imagine would deliver the better result?<\/span><\/p>\n[\/et_pb_text][et_pb_text admin_label=”Text_H3: ” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_font=”Open Sans||||” saved_tabs=”all”]<\/p>\n
5.<\/b> Preserve your wealth<\/b><\/h3>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
While a great deal is said about building wealth, little attention is paid to maintaining it.<\/span><\/p>\nChoosing the right structure is only part of wealth preservation. <\/span><\/p>\nYou\u2019ll also need:<\/span><\/p>\n\nThe right insurances in place<\/span><\/li>\nAdequate buffers <\/span><\/li>\nA well-planned exit strategy to reduce your debt and minimise your tax<\/span><\/li>\n<\/ul>\n <\/p>\n
If you\u2019re after more tips related to Property Investment, you should join us at our next Property Investor Night and meet with our wonderful Coaches. You\u2019ll be able to ask them any question you want and it\u2019s a free event! Book your seat here<\/a>.<\/strong><\/p>\n <\/p>\n
[\/et_pb_text][et_pb_divider admin_label=”Divider: 5px Dotted” global_parent=”1458″ color=”#f7f7f7″ show_divider=”on” height=”5″ divider_style=”dotted” divider_position=”top” divider_weight=”2″ hide_on_mobile=”off” disabled=”off” disabled_on=”off||” parent_locked=”off” saved_tabs=”all” \/][et_pb_image admin_label=”Image_75px: Sam” src=”https:\/\/trc-gorod.ru\/wp-content\/uploads\/2019\/07\/Staff_S-Saggers.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” sticky=”off” align=”left” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid” custom_css_main_element=”max-width: 75px;” \/][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Row” make_fullwidth=”off” use_custom_width=”on” width_unit=”on” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” custom_margin=”40px|||”][et_pb_column type=”4_4″][et_pb_blog admin_label=”Blog” fullwidth=”off” show_thumbnail=”on” show_content=”off” show_more=”off” show_author=”on” show_date=”on” show_categories=”off” show_comments=”off” show_pagination=”off” offset_number=”0″ use_overlay=”off” background_layout=”light” use_dropshadow=”off” use_border_color=”on” border_color=”#ffffff” border_style=”solid” body_font_size=”13″ meta_font_size=”13″ include_categories=”1″ header_text_color=”#00afff” meta_text_color=”#95989a” body_text_color=”#95989a” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
What does financial freedom look like to you? You could ask a hundred people this question and you\u2019d get back perhaps a hundred different answers. If, however, you were to dig deeper you\u2019d discover that \u201ccontrol of my time\u201d is the common theme. To achieve true financial freedom you\u2019ve got to: Think of investing in […]<\/p>\n","protected":false},"author":54,"featured_media":5746,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45,15],"tags":[],"yoast_head":"\n
5 Tips for Building Wealth through Property Investing | TRC-Gorod<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n