Rich Harvey

You can't just do that overnight.

Yeah, great question.

I think it's always good to remember that trying to do it on your own is not the best way to go because you'll trip up at some point.

You do need experienced advisors on the way.

First thing you need, as I mentioned, is a finance broker.

Make sure you've got one.

I would go to a broker rather than a bank direct because they're going to check out the best possible loans, particularly in a rising interest rate environment.

It's great to get a broker to compare all the banks.

It doesn't cost you anything.

It's a free service because they get paid by the banks.

Secondly, you need a solicitor because they're going to check out the contract, look at all the special conditions and legalities and make sure they're on your side before you sign anything and commit to something that you shouldn't be committing to.

Thirdly, you need a pest and building inspector.

Whether it's a home or investment, you've got to check out that the property is structurally sound.

So don't buy a property without a pest and building inspection.

Cost you $500 if there's not one available.

Absolutely essential.

As I said, I highly recommend getting a buyer's agent to help you in both the searching process because they'll be able to uncover more properties than you'll find on your own.

But most importantly, they'll give you really good advice around what it's worth and also find off-market opportunities for you to buy as well.

And if you're an investor, you also need a quantity surveyor to prepare a depreciation schedule so you can maximise your tax deductions.

And just talking about tax, you'll also need an accountant to help you add up all of those numbers at the end of the year and make sure you're claiming every possible tax deduction you can.