Four Pillars of Property Investing

The key to successful property investing is to treat your property investment(s) like a business. By following the four pillars of property investing, you’ll develop your overall strategy; manage your finances, taxes and accounting; and build a power team. Joining me in this video is Brand Entrepreneur founder, property tax and estate planning commentator, Tony Gimple, whose wisdom and colourful anecdotes never miss the mark! Here’s a quick rundown of property investment tips you’ll learn from this video: Building a power team Your team is everything – whether it’s for a small project, your first ever conversion, a value-adding extension to an existing structure, a new build, a new project of 300 square feet, or a housing development. “The real definition of being a good developer, businessman or managing director, is to understand that ‘you don’t know what you don’t know’,” Tony says. It’s important to know something about every single one of the trades so you are able to have a sensible conversation no matter what comes up. And it’s not just about your onsite team, but also having the right consultants in place. Understanding finance options In order to maximize your profit, you must have a solid grasp of all the financing options available. “If you don’t understand the options of finance, you’re going to work at a loss.” Tony cautions. Tony suggests avoiding the mainstream banks like the plague, and asking yourself several questions: Who’s going to be involved? Will it be one main lender, initial finance

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