Where to invest in 2017 for first tme investors

Hi Shehan

There are a number of strategies you need to get your head around and learn how to apply them to your circumstances.

Property strategies listed below are commonly used in Australia. They may overlap depending on how you apply them to your personal circumstances, goals and risk profile.
– Home ownership
– Buy and hold real estate
– Negatively geared property (capital growth strategy)
– Positively geared property
– Cash flow positive property
– Buy property to renovate
– Partnerships and syndications
– Property subdivision and development

Which property strategy is best suited to you will depend on your goals and unique circumstances. Each person is different and you cannot follow other people’s footsteps because their strategy is tailored to their goals. This why it is so important for you to be educated in the various types of strategies and align them to your personal goals.

Understanding the inter-play of all these strategies will give you the foundation for sound decision-making.

Your property strategy and buying criteria may also include decisions about whether to buy:
– Capital growth or rental yield property
– New or an existing property
– Apartment or a house
– Off-the-plan property or buy a completed property
– Low-priced or high-priced property
– Custom build, house and land or existing property

There are also a number of complementary strategies that you need to take into account when buying properties.
– Mindset strategy
– Education strategy
– Ownership strategy
– Finance strategy
– Debt reduction strategy
– Tax reduction strategy
– Asset protection strategy
– Contracting strategy
– Exit strategy
– Retirement strategy

You can also read my reply on getting started here.