Property Wealth Planning

Planning WEALTH Richard Sheppard WITH

PROPERTY WEALTH PLANNING

INSYNERGY FOUNDER, RICHARD SHEPPARD, IS PASSIONATE ABOUT HELPING PEOPLE BUILD A POSITIVE FINANCIAL FUTURE THROUGH PROPERTY INVESTMENT. WHILE MANY PEOPLE THINK PROPERTY INVESTMENT MEANS SACRIFICING THEIR CURRENT LIFESTYLE, RICHARD IS HAPPY TO HELP THEM SEE THINGS DIFFERENTLY. READ ON TO LEARN HOW INSYNERGY CAN HELP YOU OPTIMISE YOUR WEALTH THROUGH PROPERTY INVESTMENT.

What is property wealth planning and why do you need it? Whilst it’s common knowledge that a fi nancial planner helps you create a personal fi nancial plan, often including areas such as tax, estate, investment and retirement planning, many people don’t realise there’s a similar professional service that deals specifi cally with property investment. Property wealth planning is a very specialist fi eld and generally sits outside the domain of fi nancial planners.

What exactly is Property Wealth Planning? Just as you need a life plan for your other fi nancial needs, you also need a carefully planned strategy for investing in property. A property wealth planner is ideally someone who has the experience, skills and appropriate qualifi cations in several areas including property investment fi nance broking, so they are equipped to help you understand how to use and build equity and incorporate other fi nance techniques to increase returns while minimising risk. They should also be a qualifi ed investment property buyers agent with capability in researching the whole Australian property market and ideally a qualifi ed property investment advisor with PIPA, (Property Investment Professionals of Australia) which is the industry body that works to raise the professional standards of operators servicing consumers in property investment.

What does Property Wealth Planning include? EQUITY PLANNING: How much cash or equity is needed to invest in each property and how much cash or equity should be retained as a cash reserve buffer?

CASH FLOW MANAGEMENT AND PLANNING: How to maximise and manage cash fl ow without increasing risk or reducing capital growth can mean the difference between a good and great property portfolio.

PROPERTY MARKET RESEARCH: Some property markets around Australia can literally grow ten times more than other markets in the same ten year period while having net rental returns 2-3 times higher. Knowing which markets and properties to invest in and when to sell them is crucial.

PORTFOLIO PLANNING: You can’t really create great wealth with just one property. A good property wealth planner should help you invest in a multi-property portfolio safely over the coming years.

RISK IDENTIFICATION AND MANAGEMENT: Although property is considered lower risk, there are still many risks, especially with long-term off-the-plan property. All risks can essentially be avoided or minimised with the right strategy in place.

DEBT AND MORTGAGE PLANNING: Advanced mortgage broking and investment fi nance techniques may help increase returns by many hundreds of thousands of dollars over a ten year period while reducing risk.

RETIREMENT PLANNING: Having a strong understanding of how much property you need in addition to other assets for when you want to fully or semi-retire will help you calculate what you need to save, or can spend on a better lifestyle in the meantime.

TAX PLANNING: A property wealth planner doesn’t need to be an Accountant, but having a good general understanding of tax as it relates to property is very important. Income tax, capital gains tax, goods and services tax and land tax must all be considered as they can impact on both your cash fl ow and net wealth creation through property. A property wealth planner will also collaborate with your accountant to ensure their tax advice is incorporated.

Property wealth planning brings these concepts together and can help you prepare for the more challenging times in life.

If for example you started with around $100,000 of cash or spare equity, a good property wealth planner should usually be able to help you safely increase your net wealth by 5–10 times each decade and retire on around 1–2 times your current income within 15 years.

Visit inSynergy.net.au/living to book a no obligation complementary consultation and discover how our property wealth planners can help you prepare for a better future. •

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