Are you considering property investment as a revenue stream? This could be your second, in addition to your income, or other investments, or you have plans to make it your first and only stream. Generally the more streams the greater the knowledge, diverse thinking, learning and experience. Which transfers to all aspects of our lives, not just property investing. If you keep the same company all your life and never venture into broadening your circle, then your life will be lived in one stream. If it's a good stream and that's all you need - then that's great. But this isn't the case for everyone.
Getting started in Property Investing is a lot easier than you think. There is so much help out there today, so you don't have to go it alone. The five fundamentals are: 1. Build your Savings Base. 2. Open your Eyes and Ears. 3. Manage your Mindset. 4. Have a Plan. 5. Take Action. A lot of people fall off on number 5 - which becomes the difference between someone talking about property investing and some actually doing it.
Running off the Sydney Market, the Central Coast has been soaring. Therefore generating a lot of interest from Sydney Property Investors. An easy weekend drive ... means more eyeballs looking. What you want is optimum value. It's easy to get pulled in by the hype, but don't get so pulled in you pay over market price, as this will impact your borrowing capacity.
Who do you need on your team? Your 'run on' team? The team that will take you from your first property investment to your next and the one after that. People that you trust, that you can see yourself working with for the next 5 - 10 years. Here is my list of key roles in your team you need to cover.