After investing in the property industry for 20 years and working as a buyers advocate for 14 years, I always try to drill the following key points into my clients
1. Most people will require a large property portfolio to achieve their financial goals (very unlikely one or two investments just will not generate enough capital growth and cash flow to set you up for retirement).
2. Your property portfolio should include a diverse range of strategies including a range of different property types in a range of different locations.
3. In order to purchase a large property portfolio you need to ensure you make smart investment decisions that don’t impede your future borrowing capacity. Cash flow positive properties are an important part of your strategy.
I have put a new e-book to provide some information about Dual Income Properties which are a relatively new concept in Australia. A number of our clients have purchased this type of property as part of developing a balanced portfolio.
There are many advantages of this property type (if purchased in the right location) as they tend to be cash flow positive so they provide a small income each month while also protecting the investor’s borrowing capacity.
It’s not often that new opportunities appear in the traditional space of long term residential development but this is one that can’t be ignored.
I hope you get something out of reading this booklet, and if you would like to talk about how the Dual Income Strategy could work for you, please contact a member of my team to arrange a complimentary strategy session.