Philippe Brach, founder and CEO of Multifocus Properties & Finance, is a successful property investor who turned his passion for property into a unique investor-focused business.
His 25 year background in corporate finance and accounting, as well as his experience as a property investor, real estate agent and finance broker, gives him the perfect profile to help investors in all aspects of property ownership. In particular he can ensure that investment strategy, financial set-up, ownership structure and sourcing performing properties form a seamless plan that optimises potential for growth, and preserves benefits associated with managing a portfolio.
There are a number of reasons why you and your family may find they are getting by on a single income. One partner could be taking some time out of the workforce because you are having children, or you could be taking time off to study. You may even be dealing with personal or medical issues that prevent you from working.
Whatever the reason, if it’s likely that your situation is going to remain the same with a single income status for at least the next few years, you may want to adopt some smart investment strategies to suit your situation.
If you’ve ever wondered when the best time is to invest in property, I have the answer for you: twenty years ago. The second-best time to buy property is right now, because it’s time in the market that will ultimately deliver the biggest profits.
By pooling your resources you might be able to afford a bigger property, or one in a better location, but you’re also signing up for a mortgage that relies on another person keeping up their end of bargain.
This means you need to make sure you protect yourself, and your investment, from partnership problems. Before you agree to this type of investment, here are five things you need to know about investing in property with someone else...