Financial Planners in Perth: “You Must Do These Things to Succeed as a Property Investor.”
Announcement posted by Purely Finance 03 Jun 2016
Financial planners in Perth reveal crucial and essential steps that produce success for property investors.
Perth, WA, 03 June 2016 - In this day and age, a lot of Australians are investing in rental properties. Some want to retire early, while others just want one or two properties to make their retirement more comfortable. According to one financial planner in Perth, though, buying an investment property doesn’t guarantee success, especially for those who don’t educate themselves about the fundamentals of investing.
That is why Nick Aves, financial planner and Director of Purely Finance in Perth, recently provided readers of his blog with ten essential things he feels a property investor must do to find success. According to Mr Aves:
“Property investing has become competitive due to the amount of people who are doing it. However, this presents a lot of opportunities for people who choose to treat property investing as a business. There are a lot of things that amateurs can be successful at by treating them like a hobby but property investing isn’t one of them.”
Mr Aves and his firm, Purely Finance, specialise in helping investors become successful with rental properties. With more than 30 years in the business of financial planning, Mr Aves has helped numerous small investors build medium to large portfolios through solid investing technique.
Mr Aves believes that all investors must adhere to ten important fundamentals of investing if they are to be successful. The first is to create goals and a plan that results in achieving those goals. After a client has set goals, it is time to decide what kind of properties will most efficiently help the client achieve those goals.
It is also important to determine whether or not renovating property can be part of the plan. Those who can renovate or are good at hiring tradies and project management can easily add value to a property by renovating it. Some renovations are merely cosmetic but can increase both the rental and sale values of a property.
The most important factor, according to Mr Aves, is still, as the saying goes, “location, location, location.” Mr Aves recommends that investors do their homework and only buy properties in locations which offer a desirable lifestyle and have the likelihood of long term capital growth. This is accomplished by choosing locations that are close to amenities and infrastructure, such as schools, parks, shopping, medical facilities, major employers and transportation.
Easy access to the Perth CBD is always a desirable trait, too, as are homes with features that make them more attractive to renters, such as ample parking, modern kitchens and an extra bath.
Mortgage Brokers, Financial Planners and an Investment Team
According to Mr Aves: “I cannot state strongly enough how important it is for an investor to treat investing like a business. The best way to do this is to build an investment team, including at the very least a financial planner, a mortgage broker, a tax attorney, a valuer and an accountant. If you want great results, you need a team of experts on your side. Otherwise, you are very likely to fail.”
Purely Finance is a firm whose financial planners and mortgage brokers provide one-stop shopping for property investors in Perth. They specialise in helping their clients create wealth by building investment property portfolios. They also offer a full range of wealth protection products. To learn more, call Nick Aves on (08) 9453 8888 or visit their website: http://www.purelyfinance.com.au/.
That is why Nick Aves, financial planner and Director of Purely Finance in Perth, recently provided readers of his blog with ten essential things he feels a property investor must do to find success. According to Mr Aves:
“Property investing has become competitive due to the amount of people who are doing it. However, this presents a lot of opportunities for people who choose to treat property investing as a business. There are a lot of things that amateurs can be successful at by treating them like a hobby but property investing isn’t one of them.”
Mr Aves and his firm, Purely Finance, specialise in helping investors become successful with rental properties. With more than 30 years in the business of financial planning, Mr Aves has helped numerous small investors build medium to large portfolios through solid investing technique.
Mr Aves believes that all investors must adhere to ten important fundamentals of investing if they are to be successful. The first is to create goals and a plan that results in achieving those goals. After a client has set goals, it is time to decide what kind of properties will most efficiently help the client achieve those goals.
It is also important to determine whether or not renovating property can be part of the plan. Those who can renovate or are good at hiring tradies and project management can easily add value to a property by renovating it. Some renovations are merely cosmetic but can increase both the rental and sale values of a property.
The most important factor, according to Mr Aves, is still, as the saying goes, “location, location, location.” Mr Aves recommends that investors do their homework and only buy properties in locations which offer a desirable lifestyle and have the likelihood of long term capital growth. This is accomplished by choosing locations that are close to amenities and infrastructure, such as schools, parks, shopping, medical facilities, major employers and transportation.
Easy access to the Perth CBD is always a desirable trait, too, as are homes with features that make them more attractive to renters, such as ample parking, modern kitchens and an extra bath.
Mortgage Brokers, Financial Planners and an Investment Team
According to Mr Aves: “I cannot state strongly enough how important it is for an investor to treat investing like a business. The best way to do this is to build an investment team, including at the very least a financial planner, a mortgage broker, a tax attorney, a valuer and an accountant. If you want great results, you need a team of experts on your side. Otherwise, you are very likely to fail.”
Purely Finance is a firm whose financial planners and mortgage brokers provide one-stop shopping for property investors in Perth. They specialise in helping their clients create wealth by building investment property portfolios. They also offer a full range of wealth protection products. To learn more, call Nick Aves on (08) 9453 8888 or visit their website: http://www.purelyfinance.com.au/.