Founder of Your property your wealth
Hi, my name is Daniel Walsh and I am the founder of Your Property Your Wealth. Ever since I was a child I was passionate about property, I read every book and went to every seminar to sort out the top investors in Australia. Over the years I have been mentored by some of the top investors around Australia to develop my investing strategy that I still use today. I knew that if I were to retire in my 30’s then I would have to think differently from the rest.
What we aim to achieve for you
How we choose a property
When choosing properties it is vital that the selection process is structured. First we narrow down an area with key data and information that suggests an investment opportunity. We answer hand-selected questions to tell us what is happening in the area.
Once we have selected an area we then start studying this area to better understand the market value. We look at what is in demand, what people are looking for and the rental demand. We carefully select a few houses that will suit our criteria. Then we run the numbers on each of these houses. This will be the affordability test. We break down the costs associated with the house weekly against the rent and depreciation from the property, this will determine how much out of pocket you will be each week. On each house that has past these tests we then get our professional property manager’s to look over the property to make sure it is suitable for our clients and tenant’s. Once all the nessecory checks have been done we will make a formal offer subject to our set conditions. Once we have negotiated on a property we sign contracts and then start all our checks in the cooling off period. The checklist provided will detail what is required from you.