have a clear strategy and focus on it

key to any successful property investment is to know your desired outcome from the outset

Too many investors buy without having a clear investment strategy, knowing specifically why they are buying, or buy the wrong type of investment for them. They buy because someone tells them the property will go up in value, or they will be given a perceived discount, and not because it will help them achieve their specific goals.

SPC Overseas' popular publication "Smart Investors' Guide to Overseas Property Investments" addresses the key considerations of investor strategy, along with other critical factors to make successful property investments. For a limited period this is available as a FREE print friendly download.

It is vital that you plan out your strategy before you start investing and do your due diligence.

ask yourself the following questions:

How much money you want, or can you afford to invest?

When do you want to see your returns?

What returns do you want to see?

How much risk are you comfortable with?

What are the market factors beyond your control that can effect your investment?

How much time you want to put into this?

Are you an investor, but also want personal usage?

What skills you have, or have access to?

Are you buying for short term rental yield?

Are you buying for speculation on capital growth?

Are you going to add value by renovation?

How easy will it be to realise your profits?

Do you need emergency access to your funds within your investment time frame?

What are your exit strategies? Specifically who is going to buy, or rent the property from you?

Answers to these questions will assist you identify countries and specific areas and the type of property investment strategy that you should consider.

Considering your strategy before investing is very important. Addressing the above questions should help you get off to an excellent start!

Want some assistance with your investment strategy? SPC Overseas team are here to assist you.