THE KPOW PRINCIPAL
KNOWLEDGE - IS THE KEY TO SUCCESS
1 Establish your purchasing capacity utilising the experienced brokers at Blue Chip Mortgages. We are here to help you to formulate your investment goals.
2 Understand the power of leveraging and proper loan structuring. Blue Chip Mortgages are experts in this field. We use techniques which give you the best results. Structuring for maximum capacity, flexibility and control to you (not the lender). Click on Structuring for the future.to gain a greater insight into the vital concepts which are so often missed by other investors.Importantly we are structuring to minimise your personal (bad debt) and maximise your investment (good debt). RememberYou will not realise your full potential using one lender.
3. Discover your potential with an individually tailored plan incorporating the above.To get the "Ball Rolling" click onto FIND OUT MORE above and lets get some serious dialogue going.
5 Research the market and become thoroughly familiar with the area you want to buy in, property prices and rentals. Newspapers and publications are a good start. We also recommend the resources of Residex go to www.findmeahome.com.au and www.residex.com.au. Additionally we have a number of research reports and case studies to assist We can also arrange introductions to local and interstate agents and developers.
PLANNING - WE DON'T PLAN TO FAIL - WE FAIL TO PLAN
6. Re affirm your Investment Goals
7 Develop your Investment comfort zone (this will come easy once you have developed a strategic plan in conjunction with Blue Chip)
8 Analyse your prospective investment by verifying the rental income, expenses, financing, overall benefits (eg. Cash flow, returns, capital growth) and price. We can assist you in this regard by providing a comprehensive based analysis that takes into account tax efficiencies including estimated depreciation. (This is a no cost service available to members which basically breaks yourholding costs to a weekly basis.)
9 Determine the form of ownership most appropriate. It is imperative that you inquire on the options available to suit your circumstances.
ORGANISING - SURROUND YOURSELF WITH PROFESSIONALS AND PICK THEIR BRAINS
10 Financing - Hopefully you are already using the Blue Chipteam for your financing.We cant overstress the need to have a Pre Approval in place
11 Property Management Agent - A competent and enthusiastic Property Management Agent. Click on Your expectations as a Land Lord
12 Quantity Surveyor - A competent and enthusiastic Quantity Surveyor. Click on Why a Quantity Surveyor or Building Economist.
14 Accountant - Before proceeding with an offer it is imperative to consult and confirm your figures with a competent and enthusiastic accountant.. Click on Choosing your Accountant"
15 Negotiating - Negotiate the price - Remember the three vital elements.
ii) Time and
Know what price and terms you are willing to accept. Click on Negotiating Skills. A PreApproval arranged through Blue Chip will put you in the box seat
16 Secure the Property
17 Insurance - Arrange your Insurance Click on The importance of covering all the Risks
18 Set up a record keeping system either on paper or a computerised spreadsheet. There are a number of commercial products available, (tax deductable) as an example go to www.somersoft.com.au
19 Monitor your investment with return in mind e.g. renovate, add airconditioning etc.
20 Checklist Have you covered everything ? Go to our checklist Click on Check list for Property Investing
WEALTH - THE FINAL STEP IN REALISING YOUR FINANCIAL POTENTIAL
21 Secure your Financial Future - Pyramid your property investments to build wealth. Borrow against the increasing equity and use these funds as a deposit on your next purchases. The Blue Chip team are highly experienced in Portfolio Building. Let us be your strength through uncertain times.Proper loan structuring is the key to success.
If you need to sell structure the sale to suit your needs, establish a reasonable selling price based on actual market value (and not your pride of ownership) and consider the tax implications of selling an investment property. See Capital Gains section on the Australian Tax Office. go to www.ato.gov.au.
View our TIPS & GUIDES