Here’s why financial planners don’t like real estate…

It’s the dirty little secret your financial planner is hoping you never discover.

They’ll very rarely recommend property as an investment option – and there’s a really big reason why.

It seems completely crazy, right?

And despite all the fuss brought up a few years ago in the Royal Commission into Banking and Finance exposing the bad and self serving advice given by financial planners- nothing was said about why they don’t recommend property.

Yet financebuying a property is probably the biggest financial decision you’ll ever make, yet your so-called “financial adviser” has no wisdom to impart to help guide you?

If you’re expecting some top tips and insider info, you’re bound to be disappointed when a trip to your trusty financial planner for advice on property investing sees you subjected to a barrage of discouragement.

“Real estate is so unpredictable,” they might say, or, “Managing an investment property, tenants, maintenance… it’s so much more work… wouldn’t you prefer to stick with shares?”

Why is this the case?

The answer is simple…

The reality of the situation is this: financial planners don’t make any money out of your foray in property investing.

So, unlike when you buy shares or set up a self-managed super fund, it’s simply not in their best interests to recommend property as an asset class, because in doing so they would be short-changing their own commissions and management fees.   

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1591951428937-0’); });

After all, every dollar you invest in property is a dollar you won’t be investing in products that earn them a big fat cheque.

Real estate investing can be a fantastic way to build wealth and secure your financial future, not to mention the psychological benefits that come with bricks-and-mortar investments.

Your “financial planner” may be quick to dismiss your real estate dream, telling you it’s nothing more than a romantic notion with no sound strategy.

And in a way, they might be correct – for every millionaire property mogul, there are loads of unsuccessful investors whose aspirations have never been realised.

But most of us aren’t planning to become the next Donald Trump and buy up half of Manhattan.

Rather, we’re looking for a way to fund our retirement and our kids’ futures, or bring in a second income to supplement our day job.

It’s not everyone’s goal to make seven-figure annual returns, it’s merely to achieve modest growth and a secure financial future – which is absolutely achievable through property investing.

Financial planners aren’t real estate experts   property mortgage

It’s important to understand that financial planners aren’t real estate experts.

In fact, some may know less than you do about this asset class.

If you want guidance on your wealth creation options, you’s be much better off seeking advice from an independent property strategist. 

These experts will help you search for a property with growth potential, whilst also helping you to evaluate potential purchases and negotiate with sellers.

Now is the time to take action and set yourself for the opportunities that will present themselves as the market moves on

Metropole

If you’re wondering what will happen to property in 2020–2021 you are not alone.

You can trust the team at Metropole to provide you with direction, guidance and results.

In challenging times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s what you exactly what you get from the multi award winning team at Metropole.

If you’re looking at buying your next home or investment property here’s 4 ways we can help you:

Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family.  Planning is bringing the future into the present so you can do something about it now!  This will give you direction, results and more certainty. Click here to learn more
Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $3Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment grade property.  Click here to learn how we can help you.
Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
Property Management – Our stress free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average.

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1592314976732-0’); });

Read more: propertyupdate.com.au