Investment Property Guide – Preparing Yourself – Property Investment 101

Here’s your quick investment property guide. Take is as more of a 101 of Property Investing.

Investment can be defined as “the action or process of investing money for profit” or as something “that is worth buying because it may be profitable or useful in the future” or “an act of devoting time, effort or energy to a particular undertaking with the expectation of a worthwhile result”. In summary, we are talking about the use of money to purchase something useful or profitable, but it takes time effort and energy to get a worthwhile result.

In light of this, we need to make sure that before you invest money, time, effort and energy that everything is organised with your personal finances to meet day-to-day costs and that your desired investment goal and path to reach it is clearly mapped out. Without this planning, what seems like a good idea can quickly become a not-so-good idea.

Can you tick all the boxes below? 

  • I have a budget and can stick to it
  • I have a savings record
  • I know what my comfortable level of risk is
  • I understand the benefits and risks of property investment
  • I have 1, 5, 10 year property investment goals
  • My purpose for investing in property is to ……

Once you can confidently tick all the boxes above, you are ready to move to the next step:Organising the Finances.

Leave a Reply

Your email address will not be published. Required fields are marked *