A property investor checklist

A strong property market, investor tax benefits and the great Australian dream are just some of the reasons people invest in real estate to build their wealth. If you are keen to take the plunge, you should review the following property investor checklist:

• Determine how you want to invest – consider location, property type, renovations and managing tenants.
• Plan your investment property finance – create an investment budget and undertake a cash-flow analysis.
• Review investment property taxation – get your head around negative gearing, investment property tax deductions and capital gains tax.
• Consider the ongoing management of your investment property – is it worth hiring a real estate agent?