Why do I need a plan?
When people start a business, most will start with a business plan.
So why should property investing be any different? After all it’s a business that if you invest with the right advice, can get you future capital growth, increase the rent and eventually if needs be sell for a higher price then you paid for it. Property is generally people’s biggest purchase, so it pays to get it right from the start.
Investing in property is a BIG financial and personal decision. It’s really important you make a lot of wise decisions as you embark on this journey. Getting it wrong will result in all kinds of financial pressure and emotional stresses. But doing nothing about building your retirement nest egg could be even worse.
Our plans are not written and presented on paper to be never looked at again when your circumstances change. You will be given access to a online platform which allows you to have a 30 year+ customisable plan tailored to your situation, which can be easily adjusted as life happens.
At Monopoly Wealth we have an experienced Qualified Property Investment Adviser who can:
Assess your financial situation, your goals, your risk profile and comfort zone to develop an investment strategy that suits you, with your goals and objectives in mind.
Greatly increase your chances of success and make sure your goals are realistic, especially for your timeline
Identify risks you hadn’t thought of.
Make sure you don’t jeopardise other life goals such as getting married, buying a home or starting a family.
Connect you with a team of investment savvy professionals such as mortgage brokers, accountants, conveyancers and property managers to support you in managing your portfolio.
The real benefit using our proven property investment planning process, is you will feel feel confident in knowing our advice is 100% independent and our priority is to assist our clients to build a property portfolio which over time will generate a passive income – securing your financial future through property investment.
Who is this Plan for?
How is the Plan made?
We move on to an Initial Strategy Meeting where with the clients, we: Dig deeper into your current circumstances, your income, your expenditures, how much you want your passive income to be in the future, your time frame your risk profile if you plan on having some big upcoming expenses for example , wedding, birth of a child, major renovations or holidays. We then embark on plan development and analyse what property investment strategy would fit the clients best, along with the goals they have in mind.
Then our property strategist will design a fully customised tailored plan for your short & long-term goals after doing the appropriate research on your current situation and property portfolio planning. This is a realistic plan geared toward your priorities, your most important goals and help you weigh the decisions along the way that can strengthen your plan and address the potential risks.
This preparation and research phase takes time. After a few weeks you will be presented with your online Property Portfolio Plan and this will show you what’s working, what’s not, what’s possible for your financially and what you may have to change to get where you hope to be financially. We then finalise strategy & give the client access to view their online Property Portfolio Plan. This will be reviewed one final time by our client. This is followed by a plan meeting with the adviser to ensure that the client is fully across their strategy and begin implementation.
What is the use of a plan if it isn’t monitored? Of course, as with life changes, the plan will be refined if/or when required. The benefit of the plan is we also give you life time online access to the platform that helps engineer your property strategy so that you can easily make changes if your circumstances change. Depending on the recommendations in your Property Plan you may need to make some adjustments over time to your household income, original plans, your portfolio or your debt structure. This is all easily do able via the platform.
For those clients who require ongoing support and coordination with other professionals we are here to help.
