Is property part of your retirement plan?

Now, obviously, I’m not here to provide investment advice. But I can share with you the lessons that successful investors have shared with me.

In the early stages of considering property as an investment option, the chances are you considered factors like your current salary and your ability to borrow funds as the most important elements in the equation.

However, as someone who has been assisting property investors to achieve their long term goals for many years now, I would suggest that an equally important factor, (and one that gets overlooked by many first time property investors), is the quality of the people who are occupying your rental property and paying the bills. Yes, that’s right, it’s your renters.

If you talk to experienced investors, they will tell you that your key goal is not to structure your investment in order to generate a positive cash flow as soon as possible. It is, in fact, to focus on an investment that grows in value so that you can add additional investment properties to your portfolio as soon as possible.

There is a common misconception out there that buying properties for cash flow is the way to go. In contrast, smart investors know that the key is mainly about accumulating assets, then compounding and leveraging your investment to grow your wealth faster. That way you can live off the cash flow when you really need it…when you’re retired.

With all this in mind, it’s important to get the right advice from an experienced source when you are not only choosing a property for the rental market, but choosing the people you want to live in that investment.

So if you are looking for guidance and assistance in this area, don’t hesitate to give our dedicated Property Management team at Barry Plant Thomastown a call at any time. Peace of mind could be just a phone call away on 9466 3233.

Cheers,

Con Constantinou

Barry Plant Thomastown