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What Every Successful Property Investor Should do Over Christmas

It's tempting to throw out the property investment 'to-do' list when December comes around, with the best of intentions, to give it another go next year.

If you ticked off your goals this year and grew your portfolio successfully, congratulations, it's time to put your feet up! 

However, if you didn't quite manage to do everything you wanted to do with your property in 2016 (and that's ok), then maybe it's time to take some action while everyone else is winding down?

Why not throw a little investment preparation in amongst the festivities this holiday season?

You'll have the time, and it may just give you an excuse to escape the house guests for a little 'me' time!


So before 2017 rolls around and your property investment goals get lost in resolutions of gym memberships and a clean out of the liquor cabinet, use these top tips to kick the year off strongly!

1. Get ahead of the competition

Agents, buyers, lawyers, accountants and mortgage brokers all head away on holiday shortly and market activity slows up until early February. 

If you actively search for property deals and make offers between now and February, it’s a great time to negotiate.

A lack of competition from other buyers means keen vendors who are willing to listen to those still in the market.

2. Use your downtime to practice

Just because you aren't going to be buying just yet, doesn't mean you shouldn't be browsing.

Make like a Christmas window shopper and improve your skill and navigation on the Real Estate Investar property investment platform.  

The more comfortable you get with the suite of tools, searching the market, analysing numbers and calculating market values, the more quickly and efficiently you will be making things happen next year!

Take a quick look at this how-to video on researching cash flow properties for ideas:

3. Set your new year goals

Setting yourself some goals for 2017 can help to give you a long-term vision to work towards and simultaneously the short-term determination and drive that you will need to get there.

Goals can help to combine your acquired knowledge and experience and provide the focus that you will need to make the very most of your property investing journey and achieve long term and sustainable wealth. 

Learn more about setting goals here, or alternatively register for our webinar on January 17 and which will give you tips on how to grow your portfolio in 2017.

4. Analyse your portfolio's current position

Get your portfolio details up to date in Portfolio Tracker?

It's quick, simple and easy to do, and will give you amazing results.

Make sure you know your financial position right now, so you know exactly what your LVR’s (loan to value ratio’s) and DSR’s (debt service ratio’s) are.

You can deal more effectively with mortgage brokers when you know your numbers.

5. Review your rents

  • Review your rents; are you in line with comparable properties in your area? 

6. Review your mortgages

Check your options, fixed vs variable, interest only vs principal and interest.

Do a financial review; some fine-tuning can improve cash flow substantially.

Also, arrange to meet with your loan provider and ask them if the interest rate you are on is the very best they can do.

It's a competitive market, and after all, it is the time of year for giving for banks as well...You may be surprised with the result!  

You can also register for a free loan review through our partners at eChoice - and go into the draw to win $5,000 cash!

7. Hit the books

If you aren’t buying right now, that’s no excuse to stop searching.

The better you get at searching the market, analysing numbers, calculating market values quickly and decisively, the better your financial results will become.

You don’t know, what you don’t know. That is a cliche, and it is a cliche that most cliches are true. So start learning.

Sometimes you just miss opportunities that other investors with sharper eyes and better knowledge will see.

So please invest some time over the next couple of weeks to boost your knowledge. Here are some ways you can do that:

We believe your knowledge and your financial results will grow hand in hand, and now more than ever in history information is everywhere around us just waiting to be discovered.

All you need to do is reach out and grasp it.

8. Celebrate

Cherish time with your loved ones and embrace all the holiday season has to offer- eat, drink and be merry!  Recharge your batteries, shake off any negatives of 2016 and get ready to hit the ground running in 2017! 

From all of us here at Real Estate Investar- have a wonderful, safe Christmas and we will see you again for a productive new year.  Thanks for reading!

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Topics: Strategies

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