Have you heard of people making money out of property, or building wealth through property? Ever wonder how they do it?
Most people do the buy and hold method. This is where they decide on an area (usually close to home so they can drive past it now and again) find a property that looks good and purchase their investment. Now if the market is rising then it can be easy to make capital gains, but if the market is slow then it can be 5 years before you see any of those gains and the rental market can stagnate, costing you money in the long run.
Sometimes you need to change the way you look at investing in property, make an advance strategy purchase. This is where you can force the equity growth and get greater cash flows sooner. You need to look outside the box, because this is where the real money is made.
An advanced strategy can be buying a duplex or a dual occupancy, adding value to an established property such as a renovation, doing research on the areas with the with the greatest potential for capital growth, doing a development or just splitting the titles. Some of these options are great ways to fast track your investing; imagine if you made $100,000 on your first investment property in the space of 12 months? This is what our clients are doing.
What Goals have you set for 2018? If you want this year to be better than last year, you must make a CHANGE and take action now.
“The definition of insanity is, Doing the same thing over and over again and expecting a different result.” As quoted by Albert Einstein
If you want change in your life and want help to build a property portfolio but don’t know where to start, then give Blue Wave Property Strategies a call and arrange a FREE half hour consultation. There is no fee, with no obligation to purchase, just come and see what is possible! Give us a call now on 07 5443 8773 to book a free consultation.