Property investment for beginners in Australia, can leave you overwhelmed by conflicting tips, steps or guides on how to start a rental property portfolio. I will go through the BASIC beginners guide to property investing in Australia (step by step, the things you need to consider before building a property investment portfolio).
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Many of the steps are familiar to common personal finance principles, but I’ll explain how this is important for a beginner property investor.
The first area is to set your budget so that you know how much free cash flow you have to purchase a rental property. While cleaning up your spending, it is important to consider paying down high-cost debt, because property returns will generally not exceed the costs of high-interest debt.
As property investment is a long term investment, you need to get your partner on board and map out your life’s large expenses and impacts to free cash flow. Then speak to your partner about your goals for your property investment portfolio and any the anticipated impacts to your current financial situation.
Investing is all about small 1% improvements that add up and compound over time, so before you through an investment property into the mix. It is best to tidy up all your other investments at the beginning.
With the help of your budget, work out how much liquid assets and free cashflow you have to devote to a property investment portfolio.
Then once you’ve worked our your own direction consider speaking to a financial planner and finance broker. These two professionals are important in getting the right advice at the start.
When you’re starting out in property investment, it is important to avoid sell-side advice. Also, a property investment strategy is never a one size fits all approach, the types of rental properties you will want to own will change at different stages in your file.
Then it is important to identify the types of property investment strategies (this can include being an active or passive investor). There can be a cashflow focused or growth-focused property investment.
The best way to work our which property investment method suits you at the beginning of property investing is to work out what stage you’re at in life and your core competencies.
Once you’ve worked out what method of property investment you’re considering, work on a basic property investment plan. This is handy to get your head around the expenses on the timeline of the investment. .
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Property Investment for Beginners AUSTRALIA (Guide to Buying a Rental Property)
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Property Investment for Beginners AUSTRALIA (Guide to Buying a Rental Property)
financial investment for beginners
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Have more questions about property investment in Australia? Contact me here: http://www.kentcliffe.com.au
I really like this guy.
Second-best!!!
My dad’s gonna invest his nearly a bass!!!
Subscribed! Will view each video from now on. Thanks for the advice!
Brutally honest great Aussie video
Thanks mate
hey kent, have got you got any experience flipping contract options
Man that echo is bad. Good content though!
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Great video. Though I was a newbie, I made my first million investing with a broker from a reputable firm . forex needs your time and if you wish to pay attention to other things in your life I advice you invest with a licensed broker/expert, Thanks to Mrs. Rafaella Martinez she is the best .
Just do cash in hand rent, transfer a property into a retired parents name while you work full time to avoid tax. Kent cliffe don't use the word smart
Great video thanks so much for sharing!
Great video for a beginner mate! Covered a lot of key points. Thanks for that!
Finally someone who is not trying to sell me their e-book
what about if im using an investment agent to buy my property and they recommend a turnkey property?
Not only are you good at what you do, you're a good human being giving great life advise. Kudos.
Great video but left out a huge piece of the puzzle being serviceability
Very succinct, no crap presentation.love it.
Just found your channel, love it. Thank you for the no B.S
I’m more confused now then before watching the video
After that intro, I know you’re a good bloke. Thank you very much
Finally someone I can learn from without all the BS and selling. Thank you, I am grateful. Keep up the good work..PS I have subscribed 😉
Hello Kent, thanks for your advice.
Do you have a summary list for this, its a bit to take for an absolute beginner? Thanks
Are you still alive?
This is amazing Kent.
I have been watching many property investment both passive and active advise for many many years. You are by far the best. You give actual tangible details instead of just generic high level stuff.
A video on how to find properties for undervalued, growth and cash flow using different datasets will be great .
For a video about “Property Investment for beginners” there sure is a lot of jargon, terms & property buzz words.
I'm not rich but I want to get ahead financially, thats why im here
Thank you so much for this valuable information Kent. Absolutely loved this video:)
Boi you are spitting knowledge off the brain without even thinking. Clearly know your stuff. I am going to watch the next video to create a property portfolio plan and strategy. If I could offer advice I would say, keep ensuring your videos end with clear TO-DO's. People are simple and when they finish the video they will look blankly at the end screen and think "… so now what…?" Maybe even make a digital checklist they can download for free with step 1. contact advisor step 2. speak to broker etc.
Also, keep the word 'Australia' in your video titles as all of us in Australia need advice that is not to be confused with the US. I only just found out last week that we cannot 1031 haha