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Your property team should consist of... 1. Property accountant Why: It's very important to have the correct structures in place before you buy. My accountant is a key member of my team and well worth her weight in gold (that's how much she charges me! Of course, accounting fees are tax deductible). 2. Property lawyer Why: Every property transaction is different and even the simplest contract should be looked over by someone with experience. My lawyer is like a father [...]
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steps to getting started in property investment Admit it, you've been thinking about investing in property. You've read the books, magazines and reports. Yet when push comes to shove, you get stopped. It's not surprising. A lot of people get overwhelmed by the process and quit before they even begin. But it doesn't have to confound. Reality is, property investing is relatively straightforward. To help you begin your journey, here's eight steps to starting a property portfolio [...]
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Plenty of people have an appetite for doing a place up and selling for a profit. But there are common pitfalls that get us into trouble. Remember that renovating strategically isn't about painting a wall and calling it a day. It's about a careful consideration of adding real value to a property in the market, and that takes some homework as well as sweat equity.
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Welcome to the dark side: 7 things they don't tell you about entrepreneurship Getting into business is something I would always encourage, as in the long term it's the way to achieve personal and financial freedom. However I always tell people of these seven issues that they will be forced to confront at one point or another. You will find plenty of articles out there explaining the positives of being an entrepreneur, but for now, let me welcome you to the dark side of entrepreneurship... 1. You [...]
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