5 Things To Do Before Buying Your First Investment Property.

See the bigger picture

Investors should have a clear image of where a property is going to tie into their wider portfolio and help achieve their overall goals. If you don’t have clear goals, you’re going to miss opportunities, purchase the wrong type of properties or – even worse – not take enough action. This is why it always makes sense to talk with an expert. Someone who can guide you with their years of knowledge and access to the right people.

Learn about various investment strategies

There’s more to investment than just buying a property. There are a wide range of strategies available to the Investor, however it could take a very long time and a great amount of research to understand them all. Get an expert on your side, they can identify the right strategy for your specific situation and goals.

Know your numbers

Property is a numbers game, so make sure you have the information you need at hand. It is always best to have a qualified professional look at your numbers and help you make an informed and accurate decision.

Consider location

Location is one of the most critical considerations for investors. On too many occasions, many people buy properties based on emotion rather than prospective returns.

Build your team

This is probably the most important point of all. Having the right support network is critical. Having access to the right professionals with proven support networks that can give you effective advice around your purchase decisions and help mitigate risks.

At Oracle FP we are the right team to have on your side. If you’d like to discuss your options with us directly, call (03) 9827 1777 or click “Book a call” and we’ll contact you when it’s convenient for you.