The important people in a property investment - Even though you are the only who is doing the property investing, whether you like it or not, there are important people whom you have to work with side by side.
There are 4 important people that you would need to have good relationships with, especially before you can get the key to your house.
4 Important people in a Property Investment
- Property Developer
I was offered a land + building package by a property developer for my first property investment. This is the person you will most likely be dealing with at first, before you even buy the property. It is then crucial for you to know (if possible) whether your property developer is a dodgy one or not. Sometimes they will say anything just to keep you interested and force to you sign up, even when you are not supposed to. - Solicitor/Conveyancor
The solicitor (or conveyancor) is responsible to double check your contracts (land and building) as there is no way an average Joe like you and me (unless if you are a lawyer) can read the contracts and understand them. It's your solicitor job to find out the clauses and irregularities in your contracts and warn you about them. - Financier
Before you can start your first property investment, the financier will analyze your money in a nutshell and let you know how much you can or can not spend to buy a property. Trust him with all your might and tell him everything about your financial (income and expense) - Accountant
Of course, the most important bit after you start paying the loan interest and all that, is to maximize your tax return! This is where the accountant comes into play. Find someone who is not dodgy but knows exactly what you need to do and what you can/cannot claim.
Maximize your tax return legally and you've got nothing to worry about!
