Cam McLellan and Michael 'Boz' Beresford are directors of OpenCorp, Australia's leading property investment specialists.
In this episode, Cam and Boz get back to basics in what is the second of a three-part 'mini-series' focusing on what's involved in building the foundations of a high-performing property portfolio.
(Click here to listen to Part 1 of building the foundations of a high-performing property portfolio).
A critical part of successful investing is setting up your team. This includes getting professionals onboard who can fill some or all of the following roles:
"Whoever you might need in your team, that's your team," says Boz.
Each specialist will have a specific role to play, so make sure you engage professionals who are competent in their area of expertise.
For example, it's best not to use a 'garden variety' mortgage broker whose experience is confined to writing home loans.
"A mortgage broker that understands investment structures is probably the most important asset to your team", says Boz.
According to Cam and Boz, your team is there to support you on your investment journey, to help you move forward with confidence, so it's critical to get it right.
(Click here to listen to Part 1 of building the foundations of a high-performing property portfolio).