Kickstart your Property Investment Portfolio

If you’ve included “Build a property investment portfolio” in your 2016 New Year’s resolution list, then it’s more than likely that you’re already scouring the web looking for the ideal first investment property to kickstart your investment portfolio. It’s great that you’re keen, but it’s not an ideal start.

The key to building a financially secure property investment portfolio is to start with a solid strategy.

This is the step that most first time investors miss, which is the very reason most end up with a low performing portfolio. Or a portfolio consisting of just one property.

Investing in property can be very rewarding if done correctly. When your hard work and dedication results in the desired outcome, it’s natural to enjoy it and want to work harder to keep the success going. On the other hand, if all your hard work fails to generate the results you want, it can be gutting, stressful and disheartening.

If the ball doesn’t bounce your way and you find yourself having an investment failure, the stress and financial pressure may impact on all sectors of your life.

How do you know if you are really making the right move when buying a property? Like all areas of investment, real estate investment comes with risk, and a measurement of that risk is the yield or return on your investment. If the return is high then generally so is the risk. But risk is a very personal thing based on your own unique set of skills. What you see as pretty straight forward and low risk, others may see as high risk, as they lack the required experience and vice versa.

So how do you gain the skills required to give you the edge in the property investment game? You can either spend a lot time – like virtually all of your time – and then a lot of money studying, and educating yourself in theory; followed by putting your money where your mouth is in actually buying a property; finally, waiting a few years to see if you got it right.

Alternatively, seeking professional advice from the outset will save you time and money, and will fast track your efforts in building a long-term property investment portfolio. Buyer’s Agents ensure you start your property investment portfolio with a strategy, taking into consideration your risk perceptibility, your current position and your future goals. Buyer’s Agents have already done the hard yards in learning about property, and can add their experience in dealing in property to ensure you get the right start to building your property investment portfolio.

Professional Buyer’s Agents are generally members of the national Buyer’s Agent Group REBAA, and have the training and years of experience to operate on behalf of property investors.

Make sure you equip yourself with property and market knowledge. When it comes time to actually taking the plunge into building your property investment portfolio, start with a strategy and seek professional advice. It’s a decision, and an investment, you won’t regret.