Are you surrounded by experts?

Are you surrounded by experts?

By Phillip Tarrant | 30 November 1999

When it comes to buying property most of us think we can do it alone – but it’s worth considering property experts as part of the property process, rather than a luxury.

I was having a read of seasoned property investor Chris Gray’s The Effortless Empire last night and happened upon an interesting point.

You don’t need to be an expert to build wealth through property, Gray writes. Rather, you just need to make sure you surround yourself with people who are.

Indeed, when it comes to property transactions, many property buyers tend to take on the bulk of their purchases themselves.

From property hunting to finding finance, a lot of time and effort goes in to securing a property purchase – a process which can be tremendously stressful.

Instead, Gray says, we should be learning to outsource rather than thinking we need to do all of this ourselves.

“If you have a toothache, do you fix it yourself or go to the dentist? Do you service your own car or take it to the dealership/mechanic?” he asks.

In fact Gray’s words echo those of many other property investment authorities – the key to success in the property market is to surround yourself with the appropriate experts.

A successful property investor should be surrounded by a strong team of qualified professionals including a mortgage broker or lender, an accountant, and a legal consultant for starters.

Also a popular partner for property buyers, particularly those who are new to investing or short on time, are buyer’s agents, who can essentially help you find an investment-worthy property.

As Gray puts it, property is the best investment you can make, but surrounding yourself with competent professionals, is the second best!

About the author

Phillip Tarrant

Phillip Tarrant

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for... Read more

Are you surrounded by experts?
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