Six steps to safe property investment
It is never easy to invest in the residential property market. There is a mountain of research and hard work to undertake to realise that goal. In particular, one needs to co-ordinate the process of selecting a quality asset with that of securing suitable lender funds.
Matters aren't helped by today's strong market conditions. Competition is fierce and demand is out-stripping supply.
In this one-hour webinar, Paul Nugent and Stuart Wemyss walked through tried-and-tested steps for success.
(If you are pressed for time, consider downloading our Six Step Guide to Investing.)
- Financing and home equity;
- Asset selection;
- Property management; and
- Portfolio review.
In the second half hour Paul and Stuart answered attendees questions.
|Issue covered||Time stamp (min:sec)|
|Why Do People Fail to start Investing?||2:10|
|Step 1- Finance||3:38|
|Step 2- Asset Selection||8:13|
|Step 3- Negotiation||10:05|
|Step 4- Settlement||13:30|
|Step 5- Property Management||15:20|
|Step 6- Portfolio Review||17:56|
|No.||Question||Time stamp (min:sec)|
|1||Has any advice you would have given investors 10 years ago changed?||22:15|
|2||In terms of structuring the transactions, what are the ‘watch out’s’ in the use of equity such as your own home?||24:30|
|3||How do you find a good property manager and how do you manage them?||26:00|
I’m 59 years of age, but no SMSF. I have been advised to set up a company to buy property with instead of SMSF and then a trust fund for that property, what do you say? It is supposed to be equally flexible and quicker and will isolate the property from litigation.
|5||How do I go about ensuring highest possible valuation of my investment property?||30:40|
|6||Have the banks tightened up the laws on lending at all, if so how?||32:23|
|7||Please provide an opinion on Frankston market, will it take off?||34:28|
|8||How can I find a one stop strategist to help review my current investments, to maximise my potential and help me move forward?||36:32|
|9||Will you still see the same amount of growth over the next 10 years?||39:50|
|10||Regarding structuring of the loan, who do I approach or who is the key person to talk to?||42:55|
|11||How quickly would you drop a dud property?||44:02|
|12||Negative gearing it has been suggested should be scrapped, how would that effect the market?||47:05|
|13||Is it still feasible to invest in the Melbourne market and if so which suburbs? If there is an investment property available at $1m or two at $500k, should I buy one or two?||50:23|
|14||At which stage would you recommend a first time investor look to stop paying of a mortgage and invest in property?||54:04|
|15||How do you review the financial performance of the property without necessarily ordering an evaluation?||55:25|