Who Do I Need On My Team To Ensure A Successful Investment Outcome
As a busy professional investing in your future, you want to ensure that everything goes smoothly and according to plan.
So far, we have looked at how to create this plan. Now I’m going to give you some guidance about how to put your plan into action.
The purpose of this advice is to give you an overview. The professionals whose services are discussed here will be able to provide expert help regarding your specific circumstances. Due to the importance of receiving detailed advice from the right people, connecting clients with highly experienced advisors is one of the services I provide.
Above all else, when you are purchasing investment property, you need to have a great team of experts to support and advise you. The first step to putting together a great team is simple. You need to know who should be on your team.
Putting a team together around your investments is no different than putting a team together for a sporting event. A successful outcome depends on it. Not every team will make it to the finals. Just as the first step is to make sure all the positions are filled, the second step is to make sure they are filled with the right people.
The right people for your team will include: accountant and financial advisor, developer and builder, solicitor and conveyancer, property manager, insurance broker, quantity surveyor, trusted advisor. For the purposes of this article, I’ll focus on just two of those team members:
Accountants And Financial Advisors
The first member of your team should be an experienced accountant or financial advisor. The reason that you need to seek financial advice is so you can be guided through the best options for your particular circumstances.
A good accountant or financial advisor will recognise that you need to have a balanced portfolio. This will probably include stocks and shares, savings, and property. Having said this, everyone’s needs are different.
This means getting advice that is specific to your requirements is crucial. It will ensure you get the best available balance of products and strategies to give you a comfortable and secure retirement.
The good news is that you probably already have an accountant or financial advisor. All you need to do is ensure they are working with you to help diversify your retirement portfolio. This will give you the greatest opportunity to build your wealth and ensure a passive income and capital in your later years.
Your accountant or financial advisor will be your first port of call when you are exploring options such as purchasing new homes off-the-plan. Having financial advice from someone who is informed about these products is a great benefit.