THINGS YOU SHOULD BE SCEPTICAL ABOUT YOUR PROPERTY STRATAGIST/INVESTMENT ADVISOR
For someone to call themselves an investment advisor they must be experienced in formulating wealth strategy and not just investment strategy.
Most who call themselves property strategist are focused on formulating only investment strategies. They would just lead you to buy a property in a low median price suburb calling it an investment strategy.
There is a failure to understand that a true wealth strategy incorporates tax, mortgage, risk and estate planning. Unless your advisor has worked in the field of tax, mortgage and financial planning the chances are they either do not understand what a wealth strategy means or do not know how to formulate one
Remember an investment strategy is not the same as a wealth strategy. Investment strategy focuses on buying a property while wealth strategy is much broader and focuses on wealth creation.
To be truly able to devise a plan and strategy one need to know about tax and mortgages and be trained in financial and estate planning.
It’s easier to buy an investment property but unless you have a tax, mortgage and risk minimization strategy your investment strategy is just a strategy to buy a property and not to create wealth.
