Case Study – Property Investment Advice
The Client
A client with an established property portfolio engaged our services to develop a long term strategy, so she could achieve her goal of retiring and living off the passive income from her property portfolio, within a 16 year time-frame.
The Situation
Whilst the client was an experienced investor, she was sold an investment property that was performing poorly and recognised the value in sourcing independent advice. The client wanted to continue to grow her property portfolio, but having had a negative experience with her first investment property, she wasn’t sure what to do to advance her position. She had no strategy, no clear and specific goal, no understanding of her risk profile and the limitation of her age, no clarity about where to invest and why and was distrusting of people representing themselves as property experts, because they were effectively real estate sales agents operating under another guise of advisors.
The Outcome
After taking into consideration the clients details pertaining to her existing property portfolio, age, goals, income, marital status, risk profile, risk appetite, borrowing capacity and time frame, a tailored strategy was determined and a Statement of Property Investment Advice (SOPIA) was developed.
In addition to the strategy, a property solution was provided, taking into account the macro and micro economic indicators that influence property growth- local factors including employment and economic growth, population and demographic changes, infrastructure, government spending and supply and demand factors.
The client is now finalising her financial position to action her tailored strategy ASAP.
Client Testimonial
It was great to discover Property Mavens who I know are working for me and that the advice given is not based on commissions or referral fees from developers or agents. I have a number of investment properties and some have been purchased on the ‘advice’ of ‘experienced’ investors, which have not performed as promised.
What I really liked about the independent advice I received from Miriam at Property Mavens was her knowledge of the market.
The tailored advice I received via my SOPIA was well researched and thought out, taking into account my current financial position, my current properties and the market, including potential fluctuations in the market. The SOPIA supplied by Miriam has enabled me to take the guess work out of how many properties I need, the type, at what price and the time frame for purchase, so I can create a passive income for myself at retirement.
It has also enabled me to make an informed decision about the implications going forward, on how to advance my portfolio and how to also add value to it. I feel the service provided was excellent value for money.
If you want to make an informed decision then I highly recommend Miriam at Property Mavens for her professionalism and integrity in assisting you to advance towards your investment goals.
J. Andrews
