Plan your real estate investment carefully

Investing in real estate is a little bit like running a marathon – you wouldn't want to jump right in without the right training and preparation.

Doing your homework before you make a real estate investment can really pay off in the long-term – and whether you are new to the world of investment or you're adding another property to your portfolio, it is important to take the right steps.

One important thing you can do to get started is to surround yourself with mentors and experts who have been through the process before and can offer you tips and tricks to help you succeed. The right property investment advice can help you make smart choices and avoid pitfalls.

If you're just starting to consider the benefits of making a New Zealand real estate investment, perhaps speak to a friend or family member who has been through the process before. Ask them as many questions as you can – after all, the more you know, the better informed you will be when you go to make your final decision.

When you decide to put your investment ideas into practice, you'll want to enlist the services of an adviser you trust.

A good financial adviser can help align your investments with your personal goals for growing your wealth and building your portfolio. No two investors are the same, so look for advisers that offer a customised approach to your unique situation.

Turning to the experts can also remove some of the emotions associated with buying property and can help you focus on the long-term.

Importantly, your adviser can also assist you with ways to maximise your real estate investment, including effective strategies for maximising your rental yields and minimising your tax expenditure.

Here's to your financial independence!

Daniel Carney
Authorised Financial Adviser / Investment Property Expert