NEW YEAR PROPERTY GOALS

We are well on our way into yet another New Year. 2015 – A year that is going to bigger and better than all before. This is going to be a year that will hopefully be full of opportunities and new directions for many.

To be successful in property investing it is important to develop a strategy that will keep your goals on track.

While everyone has different plans, budgets and life situations, a strong strategy will help you move towards your property goal, whether it be to assist a family member save for their new home, buy an investment property, sell a property, do a renovation or something completely different.

Have you taken the time to ‘write’ down your property/investing goals? It is easy to get side tracked and forget to focus on a plan to make it happen.

Do you want to buy another investment property, and if so, how much money do you need?
Does your current investment need some home improvements, and if so what will this cost?
Do you have a budget in place for unexpected works on your investment, and do you put a little extra away each week or month for this?

It is great to think about goals, but the power in realising your goals is to have a ‘how to plan’.

What are your goals in detail?

Consolidate current debts?

Pay off the credit card?

Transfer money into an investment property saving account?

Save for a deposit?

Make your goals specific

List the dollar amount and include a target date

Pay off $100 pw extra on credit card to clear debt by 1 Dec 15

Save $10,000 towards a deposit by 1 Dec 15, etc.

How are you going to achieve this?

Cut up my credit card so I stop using it