STEP FIFTEEN – YOUR PERSONAL INVESTMENT PLAN

Please now follow on, and get yourself through this ‘Post Boot-Camp’ checklist, starting with;

Your Personal Investment Plan.

A written investment plan is very much like a “shopping list” for purchasing
investment property. By having a well developed plan the investor will avoid buying
property which does not assist in achieving their long term goals.
The plan should address financial weaknesses at each purchase with the aim to
strengthen the weakest attribute (Equity or Serviceability). It will also prompt you to
look at the finances remaining after completing a purchase to see the effect
that it has on the next purchase. The plan will closely look at the alternative exit
strategies to check the likely financial effects of adopting any of them.

It is important to understand what the effect of the least desirable exit may have
on personal finances and whether that effect is sustainable or not.

We have put together an outline list which we believe are the essential
elements.

At this point we recommend that you view Session 2 Day 3 video from the 2016 3 Day Bootcamp

Remember that your plan will be a FORECAST plan and that the actual performance of the purchase may be different. These differences will need to be allowed for as they will have an effect on any subsequent planned purchases.

For more info see FAQ 90.

Now move onto the next step;

[button style=”impactBtn” onclick=”alert(‘STEP ONE‘);”]POST BOOT-CAMP CHECKLIST[/button]