We are only three months away from your annual anniversary. This means you will be receiving an email containing two important documents for all properties purchased through Pinnacle Choice. These documents will provide a full rundown on how your property is performing and the growth that has occurred in the area. One pdf contains a “Sales Estimate Report'' and one contains a “Suburb Flyover Report”.

Sales Estimate Report

A sales estimate report is a document containing statistics that show you the current performance of your property generated by the price finder program. Inside the report you will find:

An estimated price of your property.
A rental estimate.
A rental yield estimate.
Comparable sales (Sale prices of similar properties in the area).
Comparable rentals (Rental prices of similar properties in the area).

Suburb Flyover Report

A suburb flyover report is an in depth report containing statistics about the whole suburb. There is a lot of information to dive into but the most important feature that you should be taking note of is the suburb growth statistic.

When this email is sent out we will then organise your next appointment with Scott to discuss how your property is performing and the next steps in growing and diversifying your investment portfolio. In this appointment Scott will run through both reports and discuss the performance of your properties. Scott will also be checking what your interest rates are and revisit your investment strategy to start planning your next purchase in order to continue growing your portfolio and to learn how to take advantage of the current market. We will follow this process annually to ensure you get a yearly review on your properties.

Here are a few tips to start considering when it comes to expanding and growing your property investment portfolio.

Sales Estimate Report Example

Suburb Flyover Report Example

Tips on Maximising your Portfolio Expansion

CHOOSING THE RIGHT LENDER

Keep an open mind! It's human nature to stay with one lender as it provides comfort as you have worked with them before, however staying with one lender can prevent and limit your options. Different lenders have different deals and looking for other options will allow you to utilise certain specialisations that they have to offer.

For example:

Bank A: Gives you a discount on your interest rates.

Bank B: Offering $2,500 cash back to refinance.

Bank C: Has a lower interest and comparison rate to other banks.

In saying this, all banks have certain specialisations that may suit your needs so it is important to keep an open mind. You may be comfortable with one bank but another may be more suited to your situation. Always refer to a financial broker in order to receive the best advice.

STRUCTURE YOUR LOANS TO SUIT YOUR NEEDS

There are different ways to structure your loans so it is important that you plan and seek professional advice to do so. Many successful investors have common loan structures that they use to maximise their portfolio and in turn increase their wealth. Here are some examples:

Interest only loans.
Establish an offset account after borrowing the maximum amount.
Loan security.
Investing for the long term (fixed rates etc.).
Look at fixed or variable rates.

Having a loan structure which suits your situation will maximise your returns and allow you to purchase and diversify your portfolio even more. Reaching small milestones in order to reach your goal will allow you to build a successful property resume.

MAYBE IT'S TIME TO SELL?

When buying multiple investment properties, sometimes the truth is, some may not achieve the growth you expected. Owning multiple properties doesn't mean you can't sell them, it may be smart to sometimes sell properties that aren't performing as you hoped or are in a market that has peaked where you will be able to receive top dollar for the sale of the property. Doing so will allow you to reinvest that money into other property opportunities that will give you more return.

THINK ABOUT RENEVATION

Very few people look at run down properties and see their potential. This often results in a lot of valuable properties being overlooked as they are compared to more modernised and well kept properties. However, renovating your home or even your other properties is a great way to add value to your assets.

This will result in an increase of your equity, although one thing to note is that this would be generally occur once you own 3 or more properties.

In saying so, avoid any structural work and stick to cosmetic work, so that you are not spending more than you need to but still growing value through your renovations.