What do I need to do when looking to buy an investment property?
Taking the first steps into property investing can be a daunting affair, especially if you are just beginning to understand the real estate market. One of the best tips I received when starting out was, that before you do anything, find yourself an excellent Accountant! Not just any Accountant but one who is also a property investor, so that you can be sure that they are “on the same page” as you. Explain to them your goals and what you want to achieve, and they will help you on your exciting journey!
To have everything set up properly by a professional property Accountant from the beginning will be of enormous benefit and will save any heartache at the end of the day! Your Accountant will discuss things such as what is your budget, explain ongoing costs, remind you that it is wise to buy with your head, not your heart and will keep you focused on being realistic about your investment goals.
A lot of people want to become property investors, but the reality is that you need a proven, trusted Accountant to crunch the numbers, keep you informed and then help you to stay focused once you take the leap.
Remember, property investment is a very exciting journey and, if done correctly from the beginning, will be one of the safest, long-term investments that you can have.
But wait, there's more! Want to know how to minimise your spend on repairs?
We share our insider tips! Get your guide INSTANTLY emailed to you.
