1. Acquisition: Building the Foundation
The journey begins with the acquisition stage, where the focus is on purchasing investment-grade properties. This is the time to be proactive and strategic, buying as many quality properties as possible while ensuring they fit into a long-term plan.
It’s important to manage cash flow carefully, taking into account potential changes like rising interest rates or fluctuating income. Working closely with a mortgage broker is crucial to maximize borrowing capacity, while consulting an accountant helps ensure the ownership structures are set up correctly. During this phase, debt will grow, but it should be seen as a tool to build a strong foundation for the future.