4 Top Tips to Speed Up Your Investment Portfolio - realestate.com.au

Abstract

Property investments can be a haven for investors and offer unique potential benefits, including rising rental income. Narrow down your property searchWhile more choice can be a wonderful thing, too much choice can lead to inaction. Frank Valentic, director of Advantage Property Consulting, says to avoid having a long list of "Must-haves" and instead pick 7 to 10 key features. Consider a buyer's agentOutsourcing is a smart move when locating new properties for your portfolio and you simply don't have the time to dedicate to the process. If you specify your criteria, a buyer's agent can do the heavy lifting for you searching for properties. "An experienced buyer's agent should speed up your property journey and save you time, money, and also the stress and hassle associated with negotiating."Most good buyer agents will also have a shortlist of investment-grade properties ready to go, including properties off-market, which could offer exceptional value, he adds. Consider a market you don't knowSometimes local buyers can get too granular with their non-negotiable criteria where it has little or no bearing on a property's investment potential.