A trusted and knowledgeable finance broker, is one of the most important partners you can have when you join the world of property investing. A finance broker can provide you leverage and strategies on best management of your total portfolio. Here I am interviewing Mykolas Kaliacius, Finance Broker from CFC Finance.
Before jumping in to answer where you would go property or other investments, there are three key areas that you should be considering, which I discuss in this video: Leverage, what you are passionate about and liquidity. Based on your current situation and aspirations, looking at the benefits and risks for you, in respect to each area and then the total outlook.
Continuous learning. Even for the people that have been in the game for a long time and have had a lot of success. You are never too young or too old to keep learning. This Property Investing Seminar provided some great insights into what's happening in the market, what is trending, what's new, and lots of questions. Watch the video for my wrap-up.
There are a lot of things to consider if you are parent when it comes to supporting or giving your children a kick-start to their financial future. It's a personal decision. Property prices are increasing, and therefore it is becoming more difficult to enter the property market, and will be a lot more difficult in 10 years time. This may be the time when your children might be able to afford a property, however, the property prices has increased again, and they are pushed out of the market. Here are tips of financing your children's future.
Property Inspections, if performed and attended to correctly, can add value to your property. Depending on what your strategy is with the property, e.g. hold, sell in 6 months, and the outcomes of the property inspection - determine how you manage each property inspection. Fundamentally, from an investors perspective, it's about maximising the value with the least spend, whilst being mindful of the optimal management of tenants.
Debt makes a lot of people nervous. Some people don't believe they will be able to rest until they have paid all their debt off. It's something that can play on your mind. How do you alleviate this, at the very least, reduce it, so you don't reduce your 'wealth creation' potential, and can sleep at night? My answer is buffers. Put buffers in place, but be careful on how restrictive you make them.
There is an array of property experts out there that you can work with to help you build your property investment portfolio. But how do you choose who is right for you. Intuition and property investing work together. Yes you want to have the facts an the bio's on the table, but you also what to tap into your intuition. What's your gut saying? Is this person someone you would like to work with on an ongoing basis? Can you trust them? Does it feel good? Or a bit wobbly?
It's not that long ago that at a property investing seminar you would find yourself in a room of men. But this is changing. More women are definitely getting involved in property investing, irrespective of whether they are single, in a relationship or have a family. On this video I discuss the three reasons, in mu opinion, attribute to this change.
The old schoolers out there, if they are still alive, thought burying cash was one of the answers to creating wealth. In this current climate, where interest rates are low, does it still make sense to pile the cash and lock it up for a rainy day or use the cash to invest and grow equity whilst creating an additional revenue stream?
Property investing doesn't have to be this structured, suited up, finance talking, vibe. You can definitely make it fun. It doesn't take a lot of work to make it fun. It's always good to stay close to the reason why you first wanted to get into property investing. Despite this potentially changing as you travel the path, the energy that you feel, from the first time, is strong and compelling, and something to hold onto. On-top of this, there are three ideas I have that can build the next level of fun times.