Whether you want to create income, build wealth or gain financial security, everyone has different reasons behind their residential property investments. It could be retirement planning (and early retirement), self-managed superannuation fund creation, income tax reduction or to avoid the old-age pension.
Smarter Property Investing uses SMART goals when it comes to wealth creation, but we've upped the ante and added two extra steps.
Specific - why invest in property?
Measurable - how can you achieve your goal?
Attainable - can you afford an investment property?
Relevant - does it fit within the top 10 macro and micro indicators?
Time-Specific - when to buy and how long to hold?
Evaluate - your plan and goals to invest in property
Repeat - secure your financial future with further residential investments