I can't afford it!
You are living in your house, enjoying your life. You’re constantly hearing about how important it is to create an investment portfolio to support you during your retirement. You’ve worked the same job for 15 years paying a little extra off your mortgage each week and you have a small nest egg squirreled away. Let’s face it. The only thing that is stopping you from jumping into the property market is fear.
Fear that you can’t afford it. That you will get ripped off. That the property market will bottom out.
Fear that your savings account is all you have and you don’t want to risk it.
At Focus Property Wealth, we know that you don’t need to worry about any of that. All you need to know is that we are successful long-term property investors ourselves, which puts us in the unique position of being able to advise you of the safest and most beneficial investments you can make.
Turn off the emotion and focus on the practical strategy that we will create just for you. For first-time investors, you need to take emotion out of the equation. The kind of property you buy as an investment is not intended to be the house of your dreams. Who cares about the kitchen cabinets or the colour of the bathroom? You need to look at its rentability, location, and long term investment potential. Say no to fear, and yes to welcoming change.
Sit down and write a Dream List. Think about what you want to achieve over the next 10 years. Don’t let your fear hold you back. Dream big – put it out there and dare to acknowledge that, yes, you want it! You may think starting out, that you could never afford to own more than one investment property, but you’ll soon learn that money breeds money, and the more you re-invest, the wealthier you will become. We recommend following 5 simple steps:
- Think long term – don’t get caught up in the rapidly changing property market. You will find that it tends to be cyclical, and with correct structuring of your finances (under instruction from one of our Focus Property Wealth staff) there will be enough leeway on your loans to carry you through the market downturns.
- Keep researching – pay attention to what is happening. Something as simple as a change in zoning laws by your local council can increase the value of your property significantly. If you have an old house on a large block, suddenly with rezoning you can demolish that and build 2 or 3 dwellings (depending on the classification). This could triple your income.
- Use your equity – make it work for you. If you have $130,000 equity in your home, that could be used as deposits on 2 properties!
- Choose your loan wisely – talk to a finance broker. Talk to one you trust will find you the best possible deal.
- Talk to an expert- the most important piece of advice of all.
At Focus Property Wealth, we follow these steps daily. We want to help create significant wealth for each of our clients, so don’t be scared.
You can afford it. Complete the inquiry form above or call us today on 08 6162 6577 !