Why You Must Have a Property Plan to Succeed with Property Investing

Because your financial circumstances, commitments and goals differ to the next person, you should not take a cookie-cutter approach to property planning.

At Property Planning Australia, our philosophy is that you should make as few property decisions as necessary to achieve your goals. You don’t need to own a lot of properties to retire better off than most. Rather, owning your home plus one-to-four quality investment properties should place you ahead of the pack OR two to five investment properties.

You can achieve this by understanding your lifestyle goals and aspirations, then apply the Four Pillars to your situation:

1. Money management.
2. Mortgage strategy.
3. Risk management.
4. Property education.

Your Property Plan is like putting together a jigsaw puzzle – the end result is equivalent to the picture on the back of the box showing how the puzzle will look. Without this picture, it will be harder for you to connect all their pieces in a systemic and effective way to get your desired outcome.

The Path to Property Success

The key to succeeding in property investment is to view it as a series of informed, strategic decisions that align with long-term goals.

This means setting clear objectives, creating a structured plan through to retirement with clear dollar value goals, remaining patient and avoiding decisions driven by ego or emotion.

Buyers must be calculated.

The journey may not be quick or flashy, but the rewards can be substantial when an investor commits to a thoughtful, disciplined approach and stays the course, especially during the more turbulent and difficult times of life.

With a solid Property Plan in place, each purchase becomes a step towards their own personal version of financial freedom rather than a leap into the unknown.

So, before any of your buyers dive in, make sure they take the time to remove the “blindfold” and map out their journey.

David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’, co-host of the ‘Property Planner, Buyer and Professor Podcast’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award-winning customer service.