You’re finally ready to take the big step.
Whether you’re brand new to investing or you have a couple of properties already, you know it’s time…
You want to buy.
That means you need to find a high-performance property that’s going to deliver what you need.
There are three steps that you have to follow.
STEP #1 – Look for High Yield
Cashflow is king.
That’s the simple message that we have when it comes to yield.
The ideal property offers a 6.0% gross yield or more in the first year. That’s going to cover all of the expenses associated with the property, of which the mortgage is the highest.
And most importantly, it’s going to give you a profit from the first year.
Plus, your rents increase over time in line with inflation and demand.
And with that comes an even stronger net cash flow.
STEP #2 – Always go for High Growth
Capital growth is the vehicle that will help you to build a legacy.
It’s where the key to creating generational wealth lies.
The great thing about real estate is that it allows you to control an asset that’s worth more than the investment you originally placed into it.
This is where the concepts of leverage and capital growth come into play.
However, to find out about those, you’re going to have to work with the Dashdot team!
STEP #3 – Look for the Value Adds
There are five value adds to look for when buying an investment property:
- It’s under market value, which gives you instant equity from day one.
- You can make cosmetic renovations, such as painting, but don’t need to make huge renovations.
- There’s potential for subdivision.
- You could build a granny flat.
- There’s potential for a boarding house conversion.
A value add will accelerate your property’s growth and improve its yield. Plus it’ll do it without causing you to go miles over budget.
This is where Dashdot comes in.
Don’t take those steps alone. Take our 15-second application to find out if you can work with a buyer’s agent who can help you find a high-performance property.