How to build a robust property portfolio in 2023

Plan strategically for the long term

The key to building a successful property portfolio is having an effective and cohesive plan. Having a minimum 10-15 year investment plan, allows your investments to withstand any temporary market downturns or losses and ultimately grow in value over the long term. Consider the broader economic environment, property investment industry dynamics, and your own personal finances to craft a strategy that will work for you.

For those interested in building wealth through investment properties, a solid, well-thought-out strategic plan is absolutely critical. Experienced property experts know that without it, poor decisions and costly mistakes are all but inevitable. That’s why it’s so important to take the time to clearly define what “financial freedom” means to you and work that vision into your long-term goals.

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Consider your risk tolerance

Your “risk appetite” is essentially the amount of financial risk you can afford to take on in the pursuit of your property goals. It’s important to take a comprehensive look at your present income, assets, and future earning potential.

It’s important to keep in mind that owning investment properties over a 10 to 15-year period can place strain your current cash flow without proper planning. Therefore, it’s always wise to have a backup plan in place, such as switching to an interest-only loan. This will help you more easily manage your cash flow and weather any unexpected market fluctuations.

Choose only investment-grade properties

Properties you choose to add to your investment property portfolio need to have the potential to achieve capital growth and generate rental income. The best investment-grade properties will have the potential for both, but it’s essential to conduct thorough due diligence when selecting potential properties.

This includes looking at the location, condition of the property, and its proximity to amenities like public transport, schools, and shopping centres.

While location accounts for a significant portion of a property’s performance, it’s also crucial to be discerning about the advice you listen to. With so many voices in the market, it’s important to seek guidance from reputable, independent advisors and avoid being swayed by developers, property marketers, or real estate agents.

The ‘ironclad’ Ironfish property checklist

As experienced investors, we know what to look for when it comes to choosing investment properties.Every Ironfish approved property is checked against a number of Location and Property essentials:

LOCATION

✅ Growing population

✅ Infrastructure & amenity

✅ Close to jobs & transport

✅ Affordable

✅Rental demand

PROPERTY

✅ Top developers

✅ Quality checked

✅ Architectural design

✅ Owner-occupier appeal

✅ Contracts & inclusions

Follow a proven investment strategy

It’s estimated that 90% of property investors never get past their first or second investment property. If you want to succeed in the long term, it’s important to follow a proven investment model like the capital growth strategy.

Focus on building a robust property investment portfolio over an extended period of time. By having a strategy and committing to the process, you can create a premium portfolio of high-quality properties in prime locations, with the potential to generate healthy returns over time.

Attaining wealth requires a well-executed plan that meets your financial goals. Rather than being a “set and forget” strategy, building a successful property portfolio requires active management and ongoing monitoring. By measuring and reviewing your progress regularly, you can ensure that your investments are moving in the right direction. And if not, you can make the necessary changes to get back on track toward achieving your goals.

Portfolio building

At Ironfish we help new investors navigate their way into the property market, and established investors build on their existing assets. Our experienced strategists will analyse your current situation and build a strategy for you.

Final thoughts

When it comes to property investing, it’s important to have a clear understanding of what is included in the process. That’s where Ironfish comes in.

With exclusive access to iconic real estate developments, Ironfish investors are uniquely positioned to capitalise on high-quality investment-grade properties that have the potential to deliver superior returns over time. If you’re serious about creating a successful property investment portfolio, contact us today for a free personalised assessment and strategy session. You’ll have the opportunity to sit down face-to-face with an experienced investment strategist who can answer all your property questions and go over your current situation. With services like these, you can rest assured that your financial future is in good hands.

So if you’re ready to take the next step towards achieving financial freedom, get in touch with Ironfish today.

We look forward to helping you achieve your goals.

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