FAQ 90 Is there a format for a written 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  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.

The plan essentials list can be downloaded from the DOWNLOADS section of the website.

The following webinars cover this topic:

WRITTEN PLAN pt 1

WRITTEN PLAN pt 2

WRITTEN PLAN BIG PICTURE BASICS

In addition, the MONEYSMART website has a useful section on investment planning:

https://www.moneysmart.gov.au/investing/invest-smarter/develop-an-investing-plan

We will leave the comments section open on this post so that members can feedback

suggestions or criticisms.