Property investment is all about understanding the best strategies for you to achieve your financial goals and then researching the market for suitable properties to implement your strategy. But some investors get into trouble because they decide to go against their own due diligence or ignore their budget entirely. While the development of a sound…
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
Too many people consider life like a game of Monopoly. They think they can gamble on property, or the share market, without the right knowledge or advice. But unlike the famous board game, there is no miraculous pot of money in real life that we can dip into whenever we need it. Launching yourself into…
The strength of Australia’s economy is due to its small and medium businesses. In fact, there are more than two million of them in Australia, who collectively employ a huge number of people. So, clearly, their importance to the overall health of our national economy cannot be overstated. However, one of the issues that small…
It’s a sad reality that our society seems to be more litigious than in years gone by. Thankfully, we’re not in the same parlous state as America, but there is a greater chance than before that you could become involved in legal proceedings that threaten your wealth creation efforts. While that might seem like a…
There’s more property research available than ever before today. In fact, only a decade or two ago, most property investors had to dive in with very little statistical analysis to help them choose the best locations. Things are much different now, but sometimes too much information can make an investment decision more difficult than it…
Family trusts can be a powerful tool for a variety of wealth creation and protection reasons. These include building wealth, protecting assets, generating improved cash flows, managing distributions to family members, creating flexibility as well as assisting with estate planning. But like all good things, there can be a downside, too. Unfortunately, if incorrectly used,…
Like baking a soufflé, successful property investing requires three important elements: a well-proven recipe, good ingredients and technique. Successful property investors know only too well that shortcuts or lack of research are sure to cause financial distress. They also know that given the level of expertise and knowledge required to make the right decision it…
Australian Tax Office (ATO) data shows that only 9% per cent of investors own three or more properties. So, if property was such a good investment, why do many stop at one? Unfortunately, most people simply buy the wrong property, buy emotively, sell quickly and never buy again, or stubbornly hold onto it hoping things…
Sometimes life doesn’t work out the way we would like it to. Despite our best efforts or best intentions, we find ourselves in strife. Many Australians know what I’m talking about. While we have it pretty good in this country, we’re also a nation up to its eyeballs in debt. If this debt gets out…
We put in place insurance for our homes, our furniture, our car, our holidays, and even our pets, but many of us ignore what funds these policies – which is our ability to work to generate income. So, how do you protect your ability to work should unforeseen circumstances like a major illness or injury occurs?…
