Services - Steps To Wealth Creation
The 7 steps is what classic outline on wealth creation through property investment.
Seven Steps to Create Wealth and Enjoy the Lifestyle You and Your Family Deserve
- Purchase with no money down Get deposit bond pre-approval before purchasing Use deposit bonds as a substitute for your cash deposit
- Buy Property direct from builders and developers Buy through private sales not auctions Buy property with long settlement Obtain independent valuation by the banker/lender on the property
- Create Equity Through Capital Growth Revalue the property prior to settlement Use the equity to create new wealth
- Get 100% Finance Doing finance due diligence Obtain pre-approval finance Get bank to provide the funding at the best rates Approach several financiers simultaneously
- Use Specific Criteria to Choose Property Choose developments within growth locations Look for areas with development restrictions, height controls, etc. Look for areas where young people dominate the population Choose property with quality design
- Add More Value To Create More Income List you property with multiple agents Conduct one on one inspections Sell the rental Create the best impression at first inspection
- Maximise Your Tax Benefits And Insure Your Risk Get a professional consultant to work out all your negative gearing and depreciation benefits Variable rate when interest is low Have you and all your assets adequately insured