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Articles by The Professional Trustee Team

The Professional Trustee Team


2014 in the Chinese calendar is the Year of the Horse.  It is said that those who grasp opportunities that come their way in this year will prosper, but those who don't will have a temperamental year.  This is all well and good but how exactly do you go about grasping a property opportunity?  To help in this regard, here are some pointers:  

Establish a property buying strategy and draw up some buying rules.  This applies equally to buying your own home as it does to buying an investment property.

  • Ensure your structure is sound.  Take advice from those qualified to give it to you.  Do you need to buy the property in a company, trust or some other entity?  Address asset protection, estate planning and tax objectives collectively.
  • Build an appropriate team of professionals around you.  Agents, accountants, lawyers, valuers, builders, property managers, finance brokers etc are all people you want on your contact list.
  • Talk to some real estate agents.  Good agents are gurus.  They are at the coalface.  They will tell you what is going on in a particular suburb.  Pick their brains and capitalise on their experience.  Arm yourself with knowledge and area and geographical population demographics.
  • Start viewing.  Go to open homes.  Look on the net.  Familiarise yourself with the kind of property that meets your strategy and buying rules.
  • Get yourself a clean credit rating.  Do a credit check on yourself.  Deal with whatever you need to deal with go get in credit shape.
  • Talk to a finance broker in advance.  Decide what type of mortgage you will be obtaining.  This should be in sync with your need, circumstances, buying strategy and your structure.
  • Understand the numbers.  If you are buying a home for yourself, put a realistic, workable budget in place.  If you are buying for rental purposes, get to grips with operating costs, expected rental prices and yields.  
  • Once you've found your property, do your due diligence.  Get builders' reports and weather tightness reports.
  • Remember this is likely to be one of the biggest investments you will make during your lifetime.  Don't buy a problem or open yourself up to nasty financial hidden surprises through lack of due diligence.
  • If you are going into property for investment purposes, implement the appropriate accounting system, and always familiarise yourself with and satisfy your tax obligations.
  • Irrespective of what you are buying and why, have an emergency fund put aside. This will save you much financial worry if you have unexpected bills knocking on your door.


Irrespective of whether you wish to play King or Queen of your own castle, or whether you want to move into the business of property investing, the tips and traps I've referred to should ensure your dreams don't turn into your nightmares.  This information should in other words act as a GPS – your Guided Path To Success.
I hope you enjoyed my three part series on "Making Money Through Property".  If you feel you need further assistance before you start pouring the wine and partaking of the cheese, contact me at [email protected]  I'd be happy to help you.

The Professional Trustee Team
© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.
Hi Salesh, I just wanted to send you an email on behalf of GRA to say how fantastic we have found your company to date. As you know, Ben and I joined GRA a couple of months ago and have just found you so amazingly helpful in getting our new property set up correctly and sorted out. We have what I would consider a rather complicated structure as a result and it’s a fantastic feeling to know that we are getting everything done in the best way possible. We have just had approval to put a minor dwelling on the property which will make a massive difference in terms of cash flow and obviously value, something we would never have even thought of without GRA and which we are very excited about. During the buying process we attended a seminar with Matthew and from the outset thought he was fab. We therein signed up for property school and found this nothing short of fantastic. The content was relevant, up to date and comprehensive, but more importantly it was taught in a way that we could actually understand and really get value out of. I wanted to mention also, that everybody GRA have recommended to us has been just so efficient and absolute masters at what they do. A wonderful network of people that we feel very lucky to now be able to call on. From Kris Pederson and Bryan Rist who put our mortgage together to the insurance guys they then referred us to, I’m super impressed. Within GRA, Ellery has probably turned things around for us faster than I’ve ever known before, something which we appreciated so very much when it came to crunch time. She’s always a pleasure to deal with and again, we’re stoked. We’ve just settled on the property today and are about to go and get the keys. I’m pretty pumped and hence this email is probably rather excitable. So, a massive thank you to you Salesh, the partners for such a fabulous 6 weeks at property school and everyone at GRA for their help. May this be the start of our property empire. Thanks again, - A & B - July 2015

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