How does it work?
Getting it Right!
Most investors are keen to invest in property as they have watched their own home or their parents home go up in value over time.
Many have already purchased property and are confident they can do it again.
Many approach Property Investment Advisors to gain access to properties to buy.Few appreciate the need to set up their strategy to deliver the results they desire in the time frame they need.
Rather they think that just getting in and hanging on is all that is required.At Property Ready 2 Go and our partner companies we see many investors who have 5 - 10 properties and are not coping with the repayments - let alone being close to a position where they can retire comfortably.
What many property investment advisors offer and call strategy is not tailored at all.
Rather they assess the client for property at the limit of their borrowing capacity.
They then load them up with negatively geared property to reduce taxation with no rationale should their circumstances change.Many offer an exit strategy of hang onto all property forever: this is impractical for many investors for two reasons. Firstly most lending institutions won't allow investors to borrow without income to meet their repayments, and secondly, there is a point where the taxation implications of this catch up with them and the inheritance is substantially reduced requiring property sales to pay taxes.
Others have suggested the exit strategy is to live on your equity. This has put investors at the mercy of the lending institutions' rules.
With the GFC many lending institutions have substantially tightened their rules and no longer release equity without questions and evidence of its re investment in assets.
The new National Consumer Credit Protection Act has closed this gap for most and this is no longer an option under responsible lending laws.
Property!
All vetted properties listed with in our system are available as ‘Identified Investment Opportunities’, they are highly researched and compared for pricing, quality and sustainability to ensure they are not over priced from high commissions or located in undesirable or inefficient growth areas.
Most properties have full ‘Mortgage Purpose’ valuations conducted to check and confirm their value, providing added comfort that the property price is not over market value.
In addition to the above most properties are rated by PIAA, a ‘Not for profit’ organization which provides an independent and unbiased report on the property investment opportunity and the developer/builder involved.The Right Approach!
Our research tells us that consumers or investors want to trust the advisor or person they are dealing with in property investment considerations and also want to know that they are not paying too much for the property, the PIAA rating and ‘Advantage Statement’ provides an independent assessment from the developer or builder whom want to sell their product and an advisor or person with a financial interest in the transaction adding further to customer confidence in the property decision.Our systems are designed for best ‘customer experience’ outcomes that allow you to add extra value to what you already do, fully managed and controlled by you.
Contact us today to enquire further 1800 448 043