Expert Advice by Paul Wilson
25/06/2015
John is a self-directed investor.

 

He absorbs news, researches extensively and always has his eyes peeled for an investment opportunity that will keep him one step ahead of the competition.

He likes to be in control, makes well-informed decisions based on comprehensive evaluation, and always has the shiniest tools and latest programs to manage his investments.

He is confident in his decision-making and relies on his instincts – he likes to take risks.

And he knows how to utilise all the tools available in the tool shed to help build his portfolio.

 

Does this sound like you too? Then you’re probably a self-directed investor.

 

As a self-directed investor, you don’t like to leave your finances and investments up to someone else. You’re a ‘take the bull by the horns’ type of person and I really admire that.But sometimes it’s hard to see those opportunities and seize them. This could be for a number of reasons including locality restrictions, competition and time.

 

Is your location impacting your investment opportunities?

As someone who is constantly on the look out for a good investment opportunity, locality can be a restriction.

 

Purchasing an investment property some distance away can make you uncomfortable. You want to be able to get a feel for the area, understand the demographics, economic stability and growth expectations.

 

But it’s unrealistic to visit every potential investment location and you don’t want to rely solely on research to make your decision. Locating individual properties to invest in, on a national scale, involves substantial work and the risk of missing out is real. But if you’ve exhausted all the opportunities in your local area, doesn’t it make sense to start looking more broadly?

 

Stiff competition and lack of time slowing down your momentum?

 

The property investment space can often feel overcrowded, especially if you’re wanting to break into the Sydney market or get your hands on some of the Brisbane action. With such hot competition, it’s easy to miss an opportunity if you’re not ‘on to it’ all day every day.

 

Being time-poor is also common reality for many people in today’s society. As a result of daily demands from work and home life, it’s getting harder and harder to find the time you need to do the necessary research on an investment opportunity.

 

But how would you feel if you could gain access to properties that have been identified just for you, that suit your specific criteria? This would greatly cut down the time and effort that goes towards identifying a potential investment property. And imagine having someone on your side that can negotiate on your behalf, who knows the area, knows the property and knows you?

 

Four reasons why self-directed investors need buyer’s agents

 A buyer’s agent is the perfect resource for a self-directed investor. They really are the hammer in your tool belt, and here’s four reasons why:

 

  1. A buyer’s agent understands that you need to know everything about a property and its location before considering the investment. And they understand that you just don’t have the time or the option to physically view every property yourself.
 
  1. A buyer’s agent has national reach, and the market knowledge and experience to find you an investment opportunity that will really deliver.
 
  1. You’ll be able to break away from the competition with access to properties specifically suited to your criteria. Where available, you can also gain access to private sales and investment properties not yet open to the general public, if they align with your investment strategy.
 
  1. A buyer’s agent can be your man on the ground, the hammer helping you build your investment portfolio, while you remain in control.
 

If you are and self-directed investor like John, I’m sure this is really resonating with you.

 

If you want some help building your investment portfolio, please give us a call on 1800 890 600 about the national investment opportunities we have in our toolbox.

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Paul Wilson is an Independent Property Investing Expert and the founder of We Find Houses, Educating Property Investors & We Find Finance. Paul has been educating and coaching investors since 2001. Paul provides valuable, independent guidance and support by teaching strategies on how you can invest successfully while protecting yourself from commission hungry sales agents and property spruikers. Protect yourself with knowledge, contact Paul today for a complimentary consultation on 1800 600 890 or email paul@wefindhouses.com.au

Read more expert advice articles by Paul

Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.
- This article originally appeared on www.wefindhouses.com.au.