Is it lack of knowledge, don’t know where to start or just plain fear?
We all know that it’s something that we need to be doing, otherwise we wouldn’t be here right now. What is it exactly then that’s holding you up? That’s the very first step you need to take to get into property. Buying a house, whether it be your own family home or for investment, is a huge step. No secret there.
An old mate of mine back when I lived in China, Confucius, once said to me, “Geoff, 千里之行，始於足下“。 Now, we all know that to be true, don’t we?
A “里/li” equates to a mile in China, but 1,000 li is actually 310.686 of our miles, roughly speaking. Either way, it’s a long way to be taking steps. Most importantly however, is the meaning of what old mate said, “A journey of a thousand miles begins with a single step.” There’s the problem for most of us right there. Agreed?
Maybe our “first step” needs to be to determine the reason that we haven’t yet begun the journey and then deal with it.
These days, the best way to obtain your finance is to go to a reputable and independent mortgage broker. They can find the best loans from a large range of lenders to set you up in your own home or for your investment strategy. If you’re dealing directly with banks, big mistake! You get one option that they tell you is the best and that’s it. Here at PPBA, we deal with some of Brisbane’s best local mortgage brokers, so if you would like us to put you in touch with them, please contact us. It’s best to have an initial chat with your local broker who understands local conditions to see what your options are. We can also access private financiers if that suits your situation. That is, private investors who will give you your loan, quite often at better than any rates elsewhere. Nothing can start without finance. At PPBA we just know our partners are good at what they do and that’s why we deal with them.
Need to sell your current home. Common reason and one of the biggest things to stop you moving ahead. While this doesn’t relate to everyone, this may be just part of your particular journey. Everyone’s journey will be different. Naturally, you want to obtain a good price for your current property, a quick sale and will need to engage a reliable real estate agent who will work hard to get you out of where you are so we can get into where you want to be.
Let us help you with that. We deal with many local real estate agents and we know who the good ones are. In fact, we have dealt with and will continue to deal with one of Brisbane’s most reliable and reputable real estate agents with many years of experience in the Brisbane market. If you need to sell your current home to move into the future, we can help you with that. When our clients need to sell their homes, we’ve got that covered. Contact us now and we can start the ball rolling for you.
Property management. When you buy your investment grade property, you need an investment grade property manager. Being an investor and landlord myself, I know what poor property managers can do to hurt your investment. Let me give you a short case study from my own experience: A tenant defaulted on the rent. It was the third month before the property manager decided to tell me. The tenant then skipped out without paying rent despite being given a number of options to allow him to catch up. The property remained vacant for three months with little interest being shown. I changed property managers, had the property rented within a week and has been fully rented since and the bond from the previous defaulter confiscated via the courts for the rent default. How different were those two property managers?
One thing to keep an eye on is; you get what you pay for. Don’t skimp on property management fees that put your property at the bottom of the list of available properties. For our investors, we recommend a boutique Brisbane property manager whose ability and quality is so good, he also trains and consults to other property management companies. We wouldn’t recommend anyone else for your valuable investment.
This is far from an incomplete list of issues that can stop you from achieving your property goal but outlines some of the main blockages that we can help you with. Our team has been selected over time, using our experience in the Brisbane and other markets. Our team kicks your goals.
Your first consultation with PPBA is free. What does that mean? It means it costs you absolutely nothing for you and I to catch up over a coffee (our shout) to chat about your property goals. I know that you now have them written down and sitting on your fridge or bathroom mirror as a daily reminder, as we arranged a little while back. Isn’t that right? Please reply to this email and tell me that’s right. So, maybe you have already taken your first step with that written down goal.
So, what is your first step?
The first step is to contact PPBA and have a free chat with us so we can get our team on the job working for you.