Call me biased, but I genuinely believe property is by far, one of the best investments one could ever make. The ability to safely leverage to accumulate a large asset base of growth assets is the main reason this is true. Along with property’s ability to provide a steady passive income, the tax benefits, the compounding growth, ability to add value, low risk, tangibility etc.
Australian millionaires hold more than 40% of their wealth in property (according to the 18th annual World Wealth Report)
However, the most important investment is to ensure you have a team of knowledgeable individuals around you, to ensure your success.
It is impossible to be an expert in all areas, when it comes to finance, tax and property.
You need a knowledgeable team around you to ensure your success. As a professional sportsperson will have a team of managers, trainers, and therapists to ensure they are successful, it is exactly the same with property investing.
Your Property Investment Advisor will be able to bring together your team of finance professionals, property legal experts and Buyers Agents, along with the other required members of the team.
They are the property experts that will have the inside knowledge on what, where and when to buy. They will lead you through the minefield of conflicting advice, incorrect structures, and thousands of available property to ensure the best possible investment is sourced for your circumstances.
If possible, try and use the professionals that the professionals use. What I mean is, ask your Property Investment Advisor who they personally use for their own property services. There is no better recommendation than using the services of someone with a proven track record.
Of equal importance is your mindset. This is a topic that often gets overlooked, but if the investor fails to understand what they are truly trying to achieve, or has fear and mental blocks that prevent them from taking the required action, then having the best team available will not make any difference.
Invest in your Property Investment team of professionals, and invest in your mindset, and Property Investment success, and ultimately wealth, will follow.