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