Get Organised For the New Financial Year!
The new financial year is coming, and you’re thinking about dipping your toe into the property market, maybe for the first time, or maybe you’d like to look at buying more property to solidify your portfolio. Attending a property investment seminar is one of the best ways to find out what the new year will bring, and to get a feel for what the market may do. Before you look online and book the first seminar you see, get yourself organised: think about your strategic investment plan and the type of information you will need to make the best decisions for you.
Set Your Investment Strategy
Professional investors and those in the industry all recommend that first time investors should create a strategic plan for investing in property over at least a 10 to 15 year period. Ideally this should include setting financial milestones with a rough outline of expected rental returns, overheads and ongoing maintenance costs. It should include contingency plans (for example, a pool of extra funds) in case you need to change or change your strategy for any reason. Experienced investors should also review their strategy on a regular basis to ensure it still matches their financial goals and can adapt to any potential market fluctuations.
It is unlikely that first time investors will be able to create a practical and sustainable investment strategy without assistance. While in depth research – reading about trends in the market, analysis on up and coming suburbs and cities to invest in, looking at rental demographics – will help, it is also a good idea to attend property investment seminars, as these can be a great source of inspiration and ideas. Reading about market trends and analysing data on your own can be fine, however it is much preferable to be able to validate your ideas and discuss new options with a group of like minded people as well as experienced investors and market professionals at a property investment seminar.
You can generally find a seminar to suit the location and time you prefer, and it’s always a good idea to look at the company behind the seminar before booking your spot. Look at factors such as how long have they been in the market, do they have a good track record of assisting investors and can they provide you with up to date market analysis and information that will help your personal situation.
Make Contact With Professionals
Attending a property investment seminar and making contact with market experts, such as the professionals from Ironfish, can also assist you when you want to have your strategy reviewed, get access to the latest research and analysis and to look at opportunities in the market. Once you’ve attended the seminar, you can book in to talk to an Ironfish strategist for a free personal strategic analysis. During this you will be able to have all your property investment questions answered, help you create a plan for developing a successful property portfolio and get recommendations for opportunities in your chosen investment location. To fit in with your busy schedule, they can even meet with you at home or at your workplace, as well as at their conveniently located offices across Australia.