At Buyers Butler, we love to assist property investors on the exciting journey to find and secure a property that will bring many years of financial returns.
When starting out on the investment property journey, the 3 first steps are particularly important:
- Speaking with an accountant to review your forecast and any tax implications. In property investment, the numbers are important, so commencing with a detailed budget forecast to closely examine the expenses, income and capital growth for a target property is a solid first step.
- Carefully considering your target rental returns. Although it is tempting to get drawn to the ‘shiny lights’ of potential capital gain, the weekly rent the investor receives from the property provides all-important cash flow.
- Building a team of property professionals to provide expert guidance. This step is invaluable. Professionals like a lawyer, accountant, property manager, buyers agent and renovation builder will set you up for success and save unnecessary stress and cost.
Buyers Butler provides clients with an introduction to our network of trusted independent professionals as a key step in buying better. If you are interested in our services, please feel free to contact us.