Episode 6: The Property Investment Toolkit: Strategies for Long Term Success
For this episode, I’m joined by Devan King. Devan is the founder of Ikigai Wealth. A full service financial advisory firm with a life centric approach that helps people make smart financial decisions.We are going to chat about the Property Investment Toolkit and dive into key strategies investors need to consider to ensure long term success. We’ll also discuss how property can be used to hit your wealth creation goals.Some of the things we will talk about include:
- How Devan tailors wealth management strategies for clients
- How property fits into clients overall wealth plans
- Devan’s view on constructing portfolios and strategies for clients
- The Power of Leverage
- The Importance of diversification
- The “Property Investment Toolkit” which includes:
- defining your “why” including goals and objectives;
- client risk profile
- portfolio diversification
- research methodology/location criteria;
- cash flow and treating investing like a business
- ensuring your property is the “right fit.”
- structuring
- portfolio reviews
The key takeaways for this episode are:a. Have a robust financial plan and look at diversifying into different asset classesb. With property, you need to go through a methodical process “the toolkit” to give yourself the best chance of successc. A financial adviser will help you understand your risk profile and build a plan that considers your goals and life stage/circumstances.
