Most of us are not skilled in property investment simply because, unlike buying clothes, most of us rarely purchase an investment property. This is where a lot of money can be lost – or made.
A number of mistakes or shortcomings can dramatically diminish what could be a great property investment and return and turn a dream into a nightmare. This is where a good property investment strategist will ensure your success by covering several very important items:
Full understanding of the 3 crucial fact-finding questions:
“Where am I Now?”,
“Where do I want to go with property investing?”,
“What is the best way to get to a property investment or portfolio?”
This starting point establishes the all-important framework.
Strategic guidance in the development, clarification, and setting out of a personalized plan
This is where the rubber meets the road. Here is where the most critical work is done, in the planning. A well-thought-out action plan is the best insurance for a great result.
Property investment guidance
It makes sense that this should be including the provision of training and opportunities. At its best, other necessary ancillary services can be referred, such as strategic relationships/partnership referrals, and this should be without additional fees/commissions or kickbacks.
Smorgasbord delivery model
One size does not fit all – a “piecemeal to silver service 5-star end-to-end full-service delivery model” should be available to provide a service just fitting the investor’s individual needs.
The fee For Service is separate from the property investment and provides a clear Return On Investment
The old saying is “You serve who pays you”, so we suggest that it makes good business sense to avoid a clear conflict of interest where the vendors pay the agent or analyst. Besides – if you don’t have the fee for service separate from the property investment cost, how do you know how much you are paying and whether you are getting a return on your investment?
A good property investment strategist should be making or saving you, at the very least, the amount of their service fee, thereby ensuring that the service pays for itself. It makes financial sense that Property Strategists should be an intrinsic part of everyone’s plan. Get specialized support, get not only someone that knows “the game” well but, moreover, that can see through the smoke and mirrors, has your interest at heart, and will optimize your outcomes.
A good partner like that can be your safety net in a shark-infested environment. So ensure they are players on the field, not just spectators who want to rule the game from the sidelines.