A Must-Read For First Time Investors
In Buying Blind, I reveal the 10 biggest mistakes investors make
and ways you can avoid them so you maximise your return on
investment and choose the right property.
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Building a high-performance property portfolio isn’t just about buying any property and hoping it will grow in value. There’s strategy at play, and if you get this wrong, it could take years to recover from the financial burden. A strategic and out-performing portfolio of investment properties could be your ticket to a future of freedom and financial certainty, but the million dollar question is, how do you achieve it?
There are many individuals in the property industry who claim to be investment experts, offering advice (paid or unpaid) to budding investors. A quick google search will return an endless list.
The challenge for you as an investor is to learn how to spot the spruikers who are only interested in their own personal gain and align with the true professionals who have your best interests.
When I first began investing in property in 2001, I quickly learned the value of implementing advice from someone who had “been there done that” experience and was now reaping the financial rewards of their investment pursuits. As a result, over the past 20 years I have learned the fundamentals to growing a consistent and outperforming residential investment portfolio.
Do you feel you can trust this person? What is your gut feeling telling you? Does this person seem to offer something that is too good to be true? If so, it probably is. You need to get the feeling this person has your best interests and will steer you in the right direction when it comes to a property investment strategy / or property that is right for you.
Do they have runs on the board, and can they show you success stories of others who they have helped? What results were achieved and how did the clients feel about their investments one, five and ten years down the track? Does this person understand the factors that influence and drive property growth on both a macro and micro scale? Local knowledge is key.
What investments does this person personally hold and how has their own property portfolio performed? Do they appear to walk their talk and are they investing in what they are recommending for you. Ask for proof.
Does this person want to work in with your individual needs and requirements as an investor, or are they set on pushing a one size fits all investment strategy? I like to say, there are many ways to reach the pot of gold – it all comes down to assessing your individual strengths, goals, skillset, mindset and risk appetite. Then, we put a property plan in place to match it.
With a vast history of investing in residential property myself, spanning twenty years, in addition to assisting private investors since 2004, I have learned the fundamentals to growing a consistent and outperforming residential investment property portfolio.
You can see a collection of my own investments at this link HERE.
We’ll get together in person or over the phone / online meeting and discuss your goals surrounding this investment purchase. We’ll identify your long term expectations for your portfolio and agree on a strategy that focuses on securing a property that can demonstrate it meets the Investment Brief requirements, both in the short, and long term. Your Investment Brief will act as our blueprint for your property search.
My team and I will co-ordinate all the groundwork for you and short-list homes that match your Brief. We will set up alerts to all key real estate portals so our bases are covered when new properties are listed. We will regularly reach out to our local agent network to intercept new properties as they come to market. If your ideal home is very specific, we will short-list homes in the areas of choice and on occasion, approach the owners directly.
We will personally inspect each property that is considered for purchase. We will take photos and videos of the home for you to view at your leisure, with a view to showcasing the true nature and condition of the property, rather than relying on the photoshopped images used in the online marketing.
When we find a property that could be investment-worthy, my team and I will complete due diligence, including property reports, searches and a comprehensive market analysis that indicates the estimated worth of the property – what you should (and shouldn’t pay), as well as identifying key factors influencing investment potential, such as capital growth statistics, rental yield potential, desirable school catchment areas, vacancy rates, flood + flight path searches, scarcity factors and other important statistics.
I’ll represent your best interests in all negotiations. My focus is to secure the right property for the least amount possible, on terms that work for you.
My team and I will co-ordinate all required property inspections where necessary. We can put you in touch with our tried, tested (and most importantly) trusted inspectors and professions so you can be sure you are aligning with the best in the business.
Your Contract documents will be managed throughout the settlement period in conjunction with your nominated legal representative. Although we understand that once Contracts are signed, the purchase becomes that of a legal nature, my team and I will oversee all aspects where possible to ensure the purchase progresses smoothly through to settlement.
We will conduct a pre-settlement inspection at the property on the day of settlement and work with your legal team to ensure the settlement and handover process is seamless. My team and I will facilitate the handover to your chosen property manager and assist with preparing the property for tenancy.
SUMMARY | Investment Acquisition is a premium, complete + comprehensive service for investors purchasing an investment property / growing a portfolio.
WHO IS IT FOR? | Best suited to anyone who is time-poor, lacks local market / investment knowledge AND values partnering with a professional who can guide the process.
PROFESSIONAL FEE | upfront engagement fee of AUD 5,500 in addition to an agreed success fee payable at unconditional contract stage.
Or you can send an enquiry to hello@wendyrussell.com.au.
Want to hear what our Clients have to say? Check out the testimonials.
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In Buying Blind, I reveal the 10 biggest mistakes investors make
and ways you can avoid them so you maximise your return on
investment and choose the right property.