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Buying an investment property can be an effective strategy for building wealth and securing your future. It can help improve cash flow, offers tax benefits and is seen as more stable than other investments – after all, everyone needs somewhere to live. But as exciting as that sounds, the whole process can also be a little daunting. So, just where should you start and how do you ensure it is the right decision for you?

Property may be a less volatile investment, but it is not without risk. It requires detailed planning, research, knowledge and importantly the right people behind you.

To assist, we have identified 9 important steps to navigate on your way to becoming a landlord:

Review your personal cash flow and budget Contact Square Real Estate and get a pre-approval Set your goals Talk to your accountant Find a conveyancer or lawyer Create a property evaluation model Search for a property Engage a property manager Manage property investment compliance and accounting