• Home
  • Blog
  • About Us
  • Education
    • Property Portfolio Formula Course
    • Login to Members’ Vault
  • Shop
  • Success Stories
  • +61 3 9432 1699

Real Wealth Australia

Property Mentoring & Education For All Investors

Buying Profitable Property

Dear ,

So, previously I outlined the pillars for successful property investing that I teach to all my clients.

To recap here’s what they are:

  1. Creating a Personal Investment Strategy
  2. Selecting the Right Property
  3. Education

It’s pretty much those three steps, and then you wash, rinse, and repeat.

Today, I want to particularly focus on point #2 – Selecting the Right Property

When it comes to selecting an investment property, the questions come in thick and fast:
“Do I buy a townhouse?”
“Do I buy an apartment?”
“Do I buy off the plan?”
“Do I buy a newly built house?”
“Do I buy an older house?”

“Do I buy in Melbourne?”
“Do I buy in Bendigo?”
“Do I buy in Adelaide?”

…And the questions will keep on flowing!!! And what do you think my answer is going to be?

“That depends upon your strategy! “Yes, that’s right everything depends upon your strategy!

Right, now that we have this clear, it will make selecting your investment property much easier. The first thing that we need to do, is research.  We all know how to do research, right? We all use Google, Wikipedia, eBay…We’re researching all the time.  Research is easy!

In property, the term “due diligence” is often used when referring to doing “research” – and that’s when things get a little hairy…

Most property investors – especially the amateur investors – are quite scared of doing their due diligence.

It is often perceived as being boring, hard, repetitive, and an absolute chore.

Now that’s a fair comment, because most amateur investors have NO IDEA what they are looking for, and most of them have no idea where to look either…

…No wonder they find it hard, boring and a chore!

Due diligence is the single most important skill you can have as a property investor.

If you don’t know what to look for, and don’t know where to source information, then it can literally mean you are investing blindly… not a good idea!

Said simply, due diligence can tell you whether you’re buying a goldmine, or burying your cash in a money graveyard.

The way I teach due diligence is completely different, and it can help you avoid the graveyards and snap up the goldmines.

When I run my trainings on due diligence, I show my clients how they can do thorough research using the most up to date data and have a clear understanding on whether they should buy… in approximately 30 minutes!

When the average person doing due diligence takes about 3-4 hours, imagine the advantage you have when you have everything you need to guide you, in around 30 minutes!

Activity
I’m going to help you along by giving you a checklist that I and my clients always use.
It’s for Researching a Specific Suburb – click here to download
.

Plus…
Here’s a couple of websites you can use to get you started:

Property Value (Formerly RP Data): www.propertyvalue.com.au
Residex: www.residex.com.au
RealEstate.com.au: www.realestate.com.au

Have a play with these, see how they work and I’ll come back to you with some more information shortly.

To Your Success

P.S In our next e-mail we are going to be talking about the best investments you can make!


Click Here to find more about Helen's Live Rant on Real Estate

OR

Request Your FREE Property Action Call Now
(Valued at $295)

Click Here

Contact us

  • Suite 8, 18 Sherbourne Road,
    Briar Hill, Victoria 3088
  • +61 3 9432 1699  
  • info@realwealthaustralia.com.au

Recent posts

  • How to Maximise Your Most Important Investments this Christmas
  • What happens if your tenant doesn’t pay the rent during COVID?
  • My top 2 areas to invest in during the current market!
  • Post COVID-19 Property Boom Cycle is coming... prepare yourself!
  • How to invest and prosper in uncertain times

Quick links

  • Education programs
  • Success stories
  • Free resources
  • Shop
  • Blog
  • Podcasts
  • Contact us

Copyright © 2006-2021 Real Wealth Australia · All Rights Reserved

Terms of Use | Privacy Statement | Deliveries and Returns

logo
  • Home
  • Blog
  • About Us
  • Education
    • Property Portfolio Formula Course
    • Login to Members’ Vault
  • Shop
  • Success Stories
  • +61 3 9432 1699