Are you fortunate enough to be in a position where you can consider investing and taking advantage of the current market opportunities?
If so, how will you make your decision?
It’s important to note that now is not the time to rely on gut instincts or feelings.
Investing can be a stressful and emotional process, especially when it has long-term implications for you and your family.
Therefore, my advice is to be cautious of sensational headlines and make decisions based on facts, data, and research.
Set aside emotions and the opinions of others, and focus on the following:
If you were starting a new business, you would likely hire a mentor or business coach to help you create a business plan.
Why should property investment be any different?
Now, more than ever, it’s crucial to seek guidance from a coach or mentor for your property business.
But where do you start and who should you look for?
Choosing a Mentor
If I were starting a business in a field where I had limited knowledge, I would want to hire the best of the best.
Here’s what I would look for:
- A specialist, not a generalist
- Someone with decades of experience
- Someone who practices what they preach
While many people claim to be the best, conducting thorough research will help you distinguish the experts from the pretenders.
A great example is our team at Metropole, led by founder Michael Yardney, who has over 40 years of property investment experience.
He is not just a theorist but one of Australia’s leading property investors.
But it doesn’t end there.
Many of our Directors and Property Strategists, including myself, have more than two decades of experience in the investment space and have been assisting clients for over a decade.
Our clients appreciate that they have direct access to the best minds in the nation and are not handed off to junior team members for important decisions.
The Business Plan
Now that you have a mentor, it’s time to create a business plan.
Here’s how our team at Metropole helps our clients with our Strategic Property Plan:
1. Strategy Development Meeting
After completing a detailed questionnaire, we’ll have a meeting to delve deeper into your current circumstances, income, expenditures, future goals, time frame, and risk profile.
We’ll also discuss the performance of your existing assets and the opportunities ahead.
You’ll be referred to one of our finance strategists who will develop a finance strategy for you.
2. Building your Strategy
We’ll work on your plan, consult with our research department, and design a fully customized plan based on your short and long-term goals.
This plan will be realistic, prioritizing your most important goals and helping you make informed decisions along the way.
We may also recommend consulting other professionals, such as wealth advisors or insurance experts.
3. Implementation Session
In a follow-up meeting, we’ll address any questions or concerns you may have, fine-tune the plan if necessary, and provide you with a step-by-step guide for the next stage.
We’ll also refer you to any other professionals who can assist with the next steps.
4. Annual Portfolio Review
As a client of Metropole, we aim to meet with you at least once a year to update your situation and make new recommendations if needed.
If you’re wondering how to invest in this phase of the property cycle, you can trust the team at Metropole to provide you with direction, guidance, and results.
Whether you’re a beginner or an experienced investor, our holistic approach to wealth creation sets us apart.
We offer a range of services, including strategic property advice, buyer’s agency, property development, wealth advisory, and property management.
