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How To Take The Guesswork Out Of Finding The Perfect Investment Property In Australia

Property investing, although extremely lucrative, can be a bit scary if you don’t know what you’re doing.

There are strategies you can use that will help you find the right property – the perfect property for you and your investment portfolio. A process that will help you make an educated choice, with confidence, with maximised returns on your investment. And know that it is the best choice for you.

How Will I Know If It’s A Good Deal?

Any real estate agent or developer can offer you a ‘good deal’. And it may very well be. But it may not. Who do you trust?

You don’t have to take a seller’s word for it. If you have gone through a process of due diligence, then you will be able to judge a deal very quickly because you will know your market. So you will be able to make quick decisions, and be confident you have made the right decision – without having to trust anyone else.

Follow The Process and ALWAYS Find The Perfect Investment Property

This process is what I follow when looking for investment properties for myself, or friends, or clients. (and friends are the toughest critics!)

I used this process to find a house for one friend at a good price, that has doubled in value in 2.5 years, from $125,000 to $250,000. She was able to refinance that loan and has bought 2 more properties using the equity generated, much sooner than she thought.

I went through the same process to find myself an investment that has quadrupled in value in just over 2 years, from $45,000 to $180,000.!!!!

If I let my emotions, or time deadlines make the decision, instead of following the process, I have invariably made a not so good choice. And it is easy to do that! Ordinary deals are a dime a dozen. I am only interested in outstanding deals.

Now I always make the best possible choice. I follow this process, and reap the rewards.

Step by Step Guide to Maximise Your ROI and Reduce Risk

The Due Diligence Process..

In a nutshell, these are the basic steps :

1. Determine Your Criteria

What do you need from this investment? What are your goals? Capital growth? Income? Your choice of property will depend on knowing this from the start, and you can save a lot of heartache later.

2. General Area Research

Find out about the infrastructure of the area – facilities, transport, etc. Does it have high employment? Population growth? Large ratio of renters to home owners? Why do people want to live there? Are there signs of imminent capital growth?

3. Which Type of Property?

Determine the best type of property for your chosen area to maximise returns. For example, do 2-bedroom units perform better than single dwellings? What type of housing do people in the area prefer to live in?

4. Specific Property Research

Making sure that a specific property has nothing wrong with it, and has what renters are looking for.

This is a drill-down process that will save you time if you have no idea where to start.

If you get offered a specific property, apply the same process.

Either way, you can make your buying decision confidently.

Why Do Most People Fail At Online Businesses?

Unless you have been hanging out under a rock for the last ten years, you undoubtedly are aware that the Internet is the new frontier. The possibilities to generate income on this ever-expanding medium are endless. Every day new opportunities are lunched giving common everyday people the ability to achieve great success. Unfortunately the ten thousand dollar questions still remains, why do most people fail at online businesses? I believe there are several reasons why.

You must put forth a persistent consistent effort. Like any other conventional business, online businesses require investments of both time and money. Yes, it will take work to become a successful online businessperson. (Ok now that I have lost most of you, lets continue). The investment of both time and money is nowhere near that required for a traditional business, and the financial rewards can be far greater.

I encourage you to ignore the get rich quick schemes. From the beginning of time there have been opportunities that look too good to be true, and guess what? They usually are. The same holds true in the world of Internet businesses. Everyday we all are bombarded with fly by night bogus opportunities. Generally the old saying holds true, if it sounds to good to be true, it probably is. Enough said.

Be patient. Great artist do not become great over night, doctors do not become doctors overnight and online businesses do not become highly profitable overnight. As in any trade, learning how to market a business successfully online is a process. If you approach it as a learnable trade and take it step by step, you can definitely become a successful online businessperson never asking yourself again, why do most people fail at online businesses? Remember it will take time, enjoy the journey and DO NOT QUIT.