Ep158: Chris Christofi - Why You Should Buy an Investment Property Before Your First Home

Today, we are breaking all the rules and talking about buying an investment property before you buy your first home, which may go against the grain for some, but after you've listened or this, you'll be convinced that it's the better way to go. And we have the perfect person to tell us all about it - Property wealth creator Chris Christofi from Reventon. 

Multi-award-winning businessman, best-selling author, philanthropist, Vinnies ambassador, and property investor, Chris Christofi, from Reventon, came from a humble beginning and has since built his wealth and others -through the power of property investing- to the success he is today. 

 

Below and some questions we will be discussing in this weeks episode;

 

1. if you were surrounded by 20-somethings with a cash deposit for a property, why should they seriously consider buying an investment property first?

 

2. Most 20-somethings will be counting on using the government incentives to buy their first property. Is there any way we can make the government incentives work for us for an investment?

 

3. So, say you’ve convinced my 20-something-year-old son and everyone else wanting to buy their first property. What criteria makes for an ideal first investment property?

1. 1. Type of property?
   2. What suburbs/towns/regions?
   3. Type of turnover – should we calculate that as a percentage?
   4. What type of tenant it will attract?

4. Which professionals do we need to support us on this journey?

 

5. Most people would look at a house and say ‘this is the one’, but looking at a property is the last thing we should consider, isn’t it? What steps should we take to ensure the process is in the right order?

 

If you would like to hear fantastic investment advice from expert property investor Chris Christofi, give this episode a listen now!