Our approach is based on you, not the property or the mortgage.
Our first interaction with clients is typically you thinking “I want to build an investment portfolio and need an expert team to work with me”.
For most brokers it is “I will find you a great mortgage”
The first thing we do it sit with you and develop your long term objectives – what do you really want to achieve over the next 10 years.
“10 properties in 10 years” is a bit of an industry catch cry but we don’t buy it.
It sounds neat and attractive but is not a goal as it could mean anything. What type of properties, value, location, how much debt, cash flow required: most importantly what does it deliver for you?
We believe there is only one question in setting a long term property plan: “How much income do you want your portfolio to generate for you in 10 years time?”
This sets the framework for developing a smart financing strategy. From this “destination” we start with where you are now and the gap between these is the bridge that makes up the plan.
We test this to make sure it is realistic for you, discuss the implications with you for risk, debt levels, assumptions, and cash flows over the period. Sometimes it takes a few iterations and adjustments but planning time spent upfront is well spent.
A good plan is really important – unfortunately some people spend more time planning their overseas holiday than property investment plan.
The result is the roadmap for what we do over the 10 years e.g. how many properties, what price point, what level of debt and leverage, cash flow required, and generated.
We are all then ready to begin! Here is what we do to get it underway: