Despite the influx of foreign nationals investing mostly in real estate property in Australia, the industry is yet to realise its full potential.
If you’ve had ideas to invest in SMSF commercial property, now is a good time to turn that into reality – unless you want to miss out on the opportunities.
Below are some quick start-up guides to making sure your property investment will deliver great and scalable ROI.
Invest with an Open Wallet
As a general rule, before you make any investment, you should check your firing power. Your finances should relate to the investment you are planning to make. This includes all your assets, income and potential income from various facets minus all your incurred and expected expenses. Once you have an honest idea of how much you can afford, you’re ready to decide.
Making Ends Meet by Creating Opportunities
On a scale of one to 10, your chances of having enough funds to run a property investment is a borderline five to account for the rainy days. The last thing you want when you’re trying to build your portfolio is to be stuck in the middle. If you currently lack funding, consider getting help from the bank. Get a pre-approval before you talk business with property investment brokers.
On Setting Scalable Goals
Once you’ve engaged and executed all the necessary prep work, you must have an end game. While you may enjoy a great ROI at first, keep in mind that there’s nothing certain or structured in business. Allot a good chunk of your gains (30-50%) in savings and invest the remaining in letting it mature further.
The key to a sustainable property investment is becoming sustainable yourself.