WEALTH HUB JOURNAL

How To Achieve Your Goals As A Property Investor

Property investment is one of the best ways to build wealth, achieve financial independence, and reach your financial goals. But 99.1% of property investors never reach their objectives.

This is partly because most investors don’t build a property portfolio that will set them up for success. To generate enough passive income to reach financial freedom, you need a robust portfolio. Otherwise, your goal of spending less time at work and more time doing what matters to you may be unachievable.

In fact, most Australians are working more, according to a 2019 report from the Australia Institute. Survey respondents reportedly worked 4.6 hours of unpaid labour per week—which translates to over six weeks of unpaid labour per year!

So how can you beat that trend, minimise your hours spent working, and even retire years early? By achieving your goals as a property investor.

Here’s how you can create or diversify an investment portfolio that will help you achieve your objectives—while so many Australians have fallen short. A better work-life balance is possible, and following these steps will help you achieve the retirement you deserve.

1. Begin with an investment strategy

Investing in property without a straightforward investment strategy is like going on a road trip without a GPS. If you want your investment journey to go off track almost immediately, then simply start investing and hope for the best.

If you have the finances, it usually isn’t difficult to acquire one investment property, but your portfolio won’t grow like it needs to if you aren’t intentional with your investments—and that starts with a clear plan. To create a plan that will succeed, you need counsel from certified industry professionals.

They will ensure you have the capital to make the initial investment, and they will be sure you have a financial buffer and aren’t caught in a trap by the costs of upkeep and rental vacancies. Also, they will help you decide if a long-term investment is best for your current financial situation.

Wealth Hub Australia will connect you with our network of professionals who will guide you every step of the way, from securing finances to choosing your first investment property and beyond. They will help you create a strategy that will put you on track to achieving your specific goals.

2. Take your investment seriously

If you treat property investment like a hobby, you’re almost guaranteed to miss out on the full potential of your portfolio. In fact, you probably won’t get close to seeing the outcome that you would if you approached property investment like a job.

Buying property is a long-term investment, and as you add more properties to your portfolio, it should be done wisely and only after great consideration. This might not sound fun, but it isn’t supposed to. Property is a relatively stable investment, and it’s less affected by the unpredictable highs and lows of other investment options, like the stock market.

Owning property is like owning a business—if your situation swings wildly on the whims of the market, you’re probably managing it wrong. Growing an investment property portfolio is playing the long game. If you were starting a business, you’d set long-term goals for it. You should do the same for your investment properties.

You need protections in place, and you need to be smart about your finances, or your investments will disappoint you the same way your business would. Guidance from certified professionals can help you focus on your long-term objectives, maximise your passive income streams, and build a legacy.

3. Have a team behind you

Building the portfolio that’s right for you and your goals takes expertise and experience. Wealth Hub Australia’s trusted network of professionals brings tried-and-true industry know-how, and with their support, you can make investment decisions with confidence.

Capable and skilled, our team will walk you through the sometimes-complex Australian tax landscape, help you avoid the pitfalls of mortgage debt and bankruptcy, and help you maximise your property portfolio.

Most property investors will never realise their dreams for their golden years. But with the help of our expert team, you can make your dreams a reality.

Wealth Hub Australia will connect you with advisers who will help you create a clear strategy, navigate your investment journey wisely, and ensure you always have access to the right professional every step of the way. Contact Wealth Hub Australia today to start your investment journey or put your existing portfolio back on track.

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