Steps to take when Purchasing an Investment Property

The first step could be to seek professional advice from a trusted source e.g. Accountant, Financial Planner or Broker.

Once you decide to proceed you will need to have a guide as to how much you can afford to spend. Then you can start scrolling through Domain/RealEstate.com for a prospective investment.

When you find a suitable property, the agent can provide you with a rental appraisal. Don’t forget the value of obtaining a Depreciation report. You might be surprised by the amount of Tax deductions you can claim.

You might also consider building a relationship with an Agent or even a Buyer’s Agent if you are “time poor”. Being on a database might give you an advantage over the buyers.

Once you have secured a property it’s time to find an experienced Property Manager. The selling Agent will want you to use their property manager, that’s understandable. You should, however, seek other advice/opinions.

Talking to your friends who have an Investment Property and reading google reviews is a good place to start. Be aware that the “Local” agent might not necessarily be your best option. Also be cautious of Agents offering discounted fees.

Property management specialists 1

Please reach out to Steve Arnold, Principal of Arnold property or one of his experienced Agents.

Steve has over 37 years experience in Residential Property Management & Sales.

Steve Arnold | (02) 4969 2600 | mail@arnoldproperty.com.au

A Family name you can trust.

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