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.)

These include:

Financing and home equity;
Asset selection;
Negotiation;
Settlement
Property management; and
Portfolio review.

In the second half hour Paul and Stuart answered attendees questions.

Key moments

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

Questions answered

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
4	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.	28:15
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