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The Bigger Picture...

December 10th, 2013.

Topics: Landlord Advice
Are you new to investing or have you thought of expanding your existing investment portfolio?
 
Just as if planning for an engagement/wedding or life, planning ahead can be the difference between achieving your goals or simply aspiring to them.
 
Speak to a financial advisor or accountant about your objectives and timeframe. Consider any risks. The more specific and prepared you are the better chance you have of success.  Remember to be flexible to cater for changes and challenges that the real estate and financial market may present.
 
 
Share your objectives with your current Real Estate Agent or Property Manager, they may have the perfect opportunity for you without the leg work!
 
Write your goals down; create short term 12 month goals and then longer 5 year plans. Decide where you want to be at each of these stages and work a plan backwards with what needs to be done every month, every week and every day to achieve these goals. Make sure you regularly review your progress against your original plan and this combined with regular action will ensure that you end up with successful outcome.

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