Who can give you the best possible support when investing in property?

Buying an investment property is like buying a business. That’s the way the concept works, and that’s the way the ATO treats the revenue and expenses. Therefore, you need to get the most out of your investment, which means doing everything right, and minimising the margin for error.

Investment property is a specialised field, and amongst other things, you need to:

1. Invest in the right location
   
2. Choose the right property concept (for example, a 4-bedroom, mid-range home)
   
3. Ensure affordability of;
   a. The purchase price
   b. The holding costs
   c. The rentals for tenants
   
4. Set up the best ownership structure
   
5. Ensure maximum tax effectiveness
   
6. Set up the optimum financing structure for your loans
   
7. Retain a professional property management company

While there are other issues to consider, one glance at the list above should tell you that these are not the sorts of subjects where your typical real estate agent has the expertise, knowledge and experience to ensure that you make the best possible investment.

Another alternative is DIY, but this also holds many risks for first-time investors, as you literally “Don’t know what you don’t know,” and the worst way to find out is by making a big mistake and learning an expensive lesson, and missing out on the outstanding returns that can be achieved from investment property.

If you would like to learn more and discuss how McCarthy Group can assist you, click here.