One of the biggest mistakes we see investors make is focusing purely on the property before getting the right advice around them first.
Before buying, you should be speaking with:
• Your bank or broker
• Your accountant
• Your financial advisor
• Your property advisor
A good investment decision is rarely just about the asset itself — it’s about making sure the strategy, structure and long-term objectives all align from day one. I recently sat down with Chris Fagan a Financial Advisor from @scmfinance for a quick discussion around why doing the groundwork first can help investors make far better decisions over the long term. The right advice early can save a lot of costly mistakes later.
A tax deduction doesn’t make a bad investment a good one. Chris and i go on to discuss why asset selection should always come before tax benefits when building a property portfolio. The best investment properties are chosen because they fit your long-term strategy—not because they generate the biggest deduction.
Focus on the asset. The rest follows.
Chris and I also discuss how periods of change often create opportunities for those who are prepared. Whether it’s interest rate movements, policy announcements, or shifting market conditions, successful investors understand that property is a long-term game. The key is knowing where the opportunities exist and having the right team around you to help navigate them.
Markets change. Opportunities remain.
To see more of this chat with Chris Fagan, check out our Instagram @whellerpropertyconsultants
