SAVE TIME AND STOP PROCRASTINATING
We are all time-poor and too busy to think about investing now for our future.
We all know how important it is, but we sometimes get too caught up in our busy lives. Doing something now and putting your money to work will ensure you have the best chances of achieving financial freedom when you retire.
However, not everyone has the time, education or drive to do this. So, they end up procrastinating and doing nothing instead.
If that sounds like you, then you would definitely benefit from our services. The Luxland Way is not just about helping you buy a single investment property- it is about teaching you the process to grow your portfolio to multiple assets and potentially moving into the property development space in the future.
With our guidance, you’ll learn how to build a profitable property portfolio that will turn you into a property entrepreneur!
EVERYONE HAS THE POTENTIAL TO BE A PROPERTY ENTREPRENEUR
You don’t have to be rich to be a property entrepreneur.
The Australian property market is one of the most lucrative business environments in the world. Achieving financial freedom through a portfolio of as little as four to five properties is not uncommon, given you buy well and in the right locations. The portfolio does most of the work while you sleep as it compounds in value over time while the tenants help pay with their rent.
It is important that you have the right education and guidance from experts in the field who have achieved the same goals you want to achieve.
Having a clear financial strategy is important when planning to build a successful property portfolio.
You want to be able to ensure you are following a strategy that isn’t going to cause too much financial strain and allow you to enjoy the fruits of your labour at a reasonably young age!
A Luxland Buyer’s Agent will get your assets working straight away, so you can concentrate on your next purchase. A well-constructed property portfolio will ensure you grow your future’s wealth. Even if you are on a high income through employment, it really is limited at the end of the day. But the income your assets can earn is unlimited and works while you sleep.
True wealth is about accumulating assets, not income. This is why most of the financially successful people in the world hold their wealth in real estate.
BEING COMFORTABLE WITH DEBT
Building a property portfolio may seem like a big financial hurdle, however everyone starts small at the beginning.
The idea is once your portfolio is set up, it should start paying for itself and help you leverage into more investments. Understanding the difference between bad debt (consumer debt) and good debt (portfolio debt) is key in planning your financial strategy.
As long as your asset is producing enough income to cover the expenses and also grows in value, then you should be comfortable with holding that amount of good debt. Selling your properties should be a last resort decision as there are many options and methods on how to draw funds from the assets while hanging on to them.
Investing in property can teach you to become an expert at delaying gratification.
By giving up the toys and luxuries that others are chasing in the short-term, you get one step closer to achieving financial freedom through property investment. Injecting the majority of your funds into income-producing assets that are projected to increase in value over time will enable you to create a more prosperous future.
Sacrificing now by living frugally while the value of your assets increase can help you greatly in the accumulation phase of building your portfolio. It may seem like a challenge now, but the rewards will be well worth it in the end.
The toys and luxuries will become a normal reality soon enough!
Luxland Buyers’ Agents help clients build property portfolios that perform in capital growth by helping them manufacture equity from day one.
Many clients are time-poor, lack the skills and knowledge to make this happen. We help you from start to finish, taking care of everything for you: from establishing a strategy, sourcing, inspecting and negotiating properties, obtaining finance, legals, recommending renovation works and finding tenants.
Through project management of the process, we build a team of experts who you can lean on throughout the whole journey. This team may include a finance broker, pest and building inspector, conveyancer, contractors and other professional services.
We also use up to date software such as CoreLogic RP Data to help support our research and development. This all happens while you sit back and watch your asset grow and come to life!