Cherry Lane property

Investing in property is one of the biggest decisions you will ever make and is proven to be very rewarding, if done right.

The sad reality is that time and time again, we hear stories from our clients about how they invested in property and were forced to sell shortly afterwards, making little to no money (and even losing money on some occasions) or invested in the wrong locations or purchased the wrong type of property.  In all of these situations, the result was a failure to achieve positive results.

Cherry Lane Property's 10-step property investment strategy is designed to help you maximise your profits and investment returns whilst arming you with our combined knowledge, tools and experience in property investment.
 

Step 1: Understand your circumstances

The first and most important step towards creating a tailor-made property investment strategy on the journey towards financial independence, is working together to gather as much information as possible about you, so we can move as quickly or as slowly as you need. This will ensure the whole experience is as comfortable as possible for you and your family.

Each investor is different and will have different requirements, goals and dreams, so by working together to gain an in-depth understanding of your circumstances, we can ensure your tailor-made property investment strategy is unique to you and specifically created for the best possible outcome.

Step 2: Find the right property investment

With the vast amount of conflicting information available on the internet these days, it’s very easy to become overwhelmed and confused about what the right investment choice is.

Our team at Cherry Lane Property love watching the property market; not only to see how their own investments are tracking, but also to see how our clients are performing. We are always on the lookout for the best opportunities for our clients and we leave no stone unturned when sourcing quality investment properties.

Let us explain the right way to invest in property to ensure long-term growth in locations with strong rental demand, to ensure your cash-flow isn’t affected.

We provide you with an extensive Property Investment Analysis (PIA) for every property we source, which outlines all the specific details of your investment, to ensure you are completely informed.
 

Step 3: Choosing a builder and/or developer

Once you understand the right investment property for you, it’s extremely important to make sure the property is built within a suitable timeframe and to a high standard to maximise your returns, both in the short and long term.

Cherry Lane Property have been working with many builders and developers over the years and have created a standard of quality and minimum inclusions that must be achieved before we allow those builders or developers to build for our clients.

All of the properties we provide are guaranteed fixed price and turn-key, meaning that absolutely everything is included for the house to be lived in immediately once the construction is complete. This means you can start earning rental income in as little time as possible.

Step 4: Structure your finance correctly

As part of our company structure, we have Cherry Lane Finance which was created to ensure all our clients not only get the best possible interest rate on their current finance, but to ensure that their investment finance is set up to ensure that the investment property remains cost effective. We are able to achieve this by having access to a wide-range of banks and lenders and combined lending experience of over 30 years.

Our team will not only structure your finance with a great interest rate but will also ensure you have some extra money put aside as a buffer. This will help you to hold the property long-term without impacting your family’s budget and lifestyle.

Without the right structure in place from the start, you are setting yourself up for failure. This is why having the correct finance structure is such an important step on the road to achieving financial freedom.
 

Step 4: Understand the Do’s & Don’ts

If you think property investment has a lot of rules, regulations and compliance standards to worry about, then you’d be 100% correct. Even experienced investors with multimillion-dollar property portfolios often get things totally wrong, which can be very costly and creates unnecessary risks.

For this reason, it’s very important to have the right people working with you towards your financial goals. With Cherry Lane Property you will have complete access to everything you need to ensure the entire process is as smooth as possible.

We have connections in finance, conveyancing, insurance, accounting, quantity surveying and property management to ensure you do everything the right way.  In fact, we know the right people to connect you with the right people and experts along every step of the way. Your investment is safe in our hands.
 

Step 5: Get the right advice

Cherry Lane Property provides expert knowledge of the property market that is second to none. However, it’s important to seek your own advice to make sure you are happy with your investment decision.

That being said, it’s also very important that you are asking the right people for advice.

We hear all the time how a client’s accountant, friend, colleague or mate at the pub, said something like, “Don’t invest in property. It’s too risky.” But not once did the client ask that person how many properties they owned and their experience with property investment.

The truth is, that person may have had poor finance structures in place or bought their investment property in a poor performing area and was perhaps forced to sell, or so many other scenarios that may have caused them to have had a bad experience.

You just never know the situation of the person you are seeking advice from, so please, before

seeking any advice, the first questions you should ask are:

·         How many investment properties do you own?

·         What experience have you had with investing in property?

Once you know the answers to these questions only then can you decide if that person’s advice is

suitable or not.
 

Step 7: Project management

You are busy in your life working and living, but in order to create your financial freedom, you will need to ensure the construction of your property is being managed right. This includes making sure it is built in a timely manner and to a high standard.

Unfortunately, when building properties, delays are a common occurrence. However, with our many years’ experience dealing with builders, we can step in and manage everything for you to ensure delays are kept to a minimum and your property is completed as quickly as possible.

We project manage the entire process to make sure the build is perfect and so you don’t have to worry about anything.

This is a service we offer to all of our clients at no additional cost.
 

Step 8: Ensure your investment is insured adequately

Whether you’re purchasing, building or renting out a property, none of these should be done without the right insurances in place. Having in-house insurance means our experts from Cherry Lane Insurance can secure your investment by providing comprehensive cover for loss of rent, damage and just about anything else that may pop-up. This gives you peace of mind knowing that no matter what happens, your asset is protected.
 

Step 9: Arrange a Depreciation Schedule

A depreciation schedule is one of the greatest ways to make your investment work as hard as possible for you and is often missed by investors who have just not been given all of the information.

We put you in contact with the best Licenced Quantity Surveyors who will complete a thorough

analysis of your investment property. You will then be provided with a Depreciation Schedule that can be used to claim extra tax benefits for up to 40 years.

A depreciation schedule is important to ensure you get the maximum tax benefits and make the property as cash-flow effective as possible; allowing you to hold on to your investment whilst you watch it grow.

Step 10: Have a long term wealth plan and stick to it

“If you fail to plan, you are planning to fail” – Benjamin Franklin.

Having a tailor-made investment property strategy is important to keep you on track towards

your financial goals. Without this, you are flying blindly and you may make brash decisions which could cause you to stunt your wealth growth or even worse, potentially lose money.

Cherry Lane Property provides you with a long-term wealth plan that is tailor-made to you.

Our commitment to you is to continue working with you into the future, to ensure you stay on the right track towards achieving your financial goals as soon as possible.

We look forward to working with well into the future.