Education & Work Starting a career in property

Hi there!

I'm 24 currently working in HR. I'm obsessed with all things property investing, working on my own property portfolio and taking in as much information on property investing as I can.

My question is, as someone who has no experience in the field but keen to pursue a career as a property investment advisor where is the best place to start? I have researched becoming a QPIA and considering reaching out to established business for work experience. Would anyone know of businesses who would be willing to offer such opportunities or have any other suggestions to start building my experience in addition to me already working full time?

Appreciate any advice!!
Rhiannan

 

Do you want to be a property investor, or a property investment adviser, and what do you mean by that? Agent? Loan broker? Spruiker?

 

Hi there,
Looking to become a property investment advisor.

From the PIPA site: "A Qualified Property Investment Adviser (QPIA®) is an essential partner for property investors, helping you to make well-considered, strategic property investment decisions.

A QPIA® can work with you to build a personalised, long-term property investment plan, that not only meets your needs and goals today, but builds the right foundation to ensure you meet your future goals and aspirations too.

Furthermore, a property investment adviser can explain the risks associated with investing and ensure your investment plan matches your risk profile.

A qualified property investment plan will usually offer recommendations for investment supported by clear evidence and reasoning as well as guidance around anticipated performance, in terms of capital growth and rental income projections."

 

How do they get paid?

Just think about, building your own portfolio doesnt need you to work in property as well.

 

They are fee for service. I am working on my portfolio already and I know I don't need to work in property but I would like to one day make a career out of property and help other people create and build their own property investing strategies.

 

It's interesting that they are not so well known!
Businesses like Empower Wealth and Metropole employ strategy advisors. Some BA's can plan a strategy along with their main role as sourcing and buying a property for a client. Likewise an investment advisor can also be a BA, effectively executing the strategy they have put in place for the client. As I'm asking where to start I'm not sure the answers myself. I have seen a few people on here seeking help from an advisor on what to do with X amount of money e.g how many properties do the need, what's the right structure for them, what type of risk strategy should they implement etc. And as mentioned, established businesses would have a client base.

 

Yes that would be the plan and hopefully one day go off on my own to work for myself! The difficult part is getting started and wanting to build experience before making the leap (as you need experience to work in this type of role).

 

Poorly at first.

Easiest pathway is temp gigs initially at a property officer but you may need your certificate of registration.

 

There is no licensing for property advisors so you could just start calling yourself one.

 

To be more specific, a reputable advisor. Not a spruiker or sales agent.

 

That is up to your discretion. Reputable advisors don't need any licensing, not necessarily any memberships or training.

 

Your not spruiking, so your not paid by the developers. Youd have to be paid by the investor. Unless you were also a mortgage broker, lawyer and accountant, thats basically a buyers agent?

Newbies dont pay for advice. Experienced investors dont need it.

 

A good buyer's agent who is an investor himself can still provide property investment advice as part of the package. What makes you want to be a property investment adviser as opposed to a a specialist buyer's agent?

I know there are certain podcasts promoting the use of a PIA however it seems there is not much demand for this service. If you want to work alongside property investors it might make more sense to look at training to become a buyer's agent or even mortgage broker.

 

Thanks for the feedback. Personally I would enjoy BA work but can see myself in more of a strategic role with ongoing relationships of being a PIA rather than a transactional service. However the feedback on here seems to lean toward doing both can achieve the same outcome. I think you're right in saying that podcasts often isolate professionals to one specialty. There may be more opportunity to build networks and gain experience if I were to pursue a mix of both.