How to Become a Savvier Property Investor

By Bradley Beer on 21 May 2014
No Comments yet, your thoughts are very welcome

Property investing success requires groundwork before purchasing your first investment property.

Here are some top tips to help you become a savvy investor:

1. Plan to Succeed

Consider the following: What do you want to buy? Where do you want to buy it? What are your property investing goals?

2. Are You in it for the Short-Term or Long-Term?

Defining whether you are after long-term benefits or a short-term cash flow can help decide where you invest and the type of property you buy.

3. Follow the Lead of Seasoned Investors

You need the strength to ride out the ebbs and flows of the property market.

4. Ignore the Quest for Perfection

The right time to buy an investment property is when you’re prepared and ready.

5. Order a Tax Depreciation Schedule

To make the most of your property returns, organise a comprehensive 40-year Depreciation Schedule compiled by a Quantity Surveyor. A BMT Depreciation Schedule will maximise the cash return on investment properties.

About the Author

Bradley Beer (B. Con. Mgt, AAIQS, MRICS) is the Managing Director of BMT Tax Depreciation. A depreciation expert with over sixteen years experience in property depreciation and the construction industry, Bradley is a regular keynote speaker and presenter covering depreciation services on television, radio, at conferences and exhibitions Australia-wide. Please contact 1300 728 726 or visit www.bmtqs.com.au

Category
Leave your comment

Share with friendsX