Step 10: Watch it Grow
Congratulations! You’re first property investment with Silvertail is completed and now we watch it grow. In the coming 12 months, we will meet with you to conduct a portfolio review to see how much growth you are getting from your property, and give you an indication of when you can expect to do the next investment.
The amount of time before you can purchase your next property is dependent on each individual’s financial situation. If you were to contribute cash into the next property you buy, you can acquire more properties in a shorter timeframe than if you were to use the equity in your home.
As the value of your investment property rises, your equity increases which will enable you to purchase additional properties in the future. If you are relying on the equity uplift to fund your next purchase, it will be determined by the market value of the property before you do so. In an ideal world, you would purchase 1 property per year in order to build a sizeable portfolio, however it’s important to be disciplined when investing in property as it’s not a get-rich-quick scheme.
Remember that property is a long term investment strategy and not one where you should expect instant growth in a short period of time. Keep in mind that you need to trust the process and let the property run its course. Property grows at its own pace and you can be assured that you will be rewarded with the benefits in the future.
Having successfully been through the Hello to Handover process, you will now have a good understanding of what to expect in your next property investment. We look forward to watching you build your property investment portfolio over the next coming years and working closely with you throughout this exciting journey.