About Chris Gray

Chris Gray began investing in property at age 22 when he worked out that it was cheaper to own a three bedroom house than a one-bedroom unit. He turned an initial deposit of $35,000 into a portfolio that is today valued at over $10 million.

 A qualified accountant, buyers’ agent and mortgage broker, Chris is passionate about inspiring others to achieve financial freedom through property. He is the CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. Chris is the host of “Your Money Your Call”for Sky News Business.

Further information is available at http://www.chrisgray.com.au/

About Chris Gray

Chris Gray began investing in property at age 22 when he worked out that it was cheaper to own a three bedroom house than a one-bedroom unit. He turned an initial deposit of $35,000 into a portfolio that is today valued at over $10 million.

 A qualified accountant, buyers’ agent and mortgage broker, Chris is passionate about inspiring others to achieve financial freedom through property. He is the CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. Chris is the host of “Your Money Your Call”for Sky News Business.

Further information is available at http://www.chrisgray.com.au/

Working with an accountant is crucial if you are endeavouring to purchase an investment property.

Accountants can calculate a sensitivity analysis to ensure that your investment strategy will work, despite possibility of economic whims, and they can also calculate how much cash you may need to hold your portfolio in the short term.

Many property investors purchase under a company or trust structure because it provides asset protection and more flexibility to move profits and losses between partners. It costs a few thousand dollars to set up a company and trust structure, which is a small price when considering a $500k property doubling in 7-10 years to produce a $500k capital gain. Any tax savings will more than outweigh the small setup costs.

However, it is important that your accountant is a property investor; otherwise they won’t be able to comprehend the complexities of what you are trying to achieve.

About Chris Gray

Chris Gray began investing in property at age 22 when he worked out that it was cheaper to own a three bedroom house than a one-bedroom unit. He turned an initial deposit of $35,000 into a portfolio that is today valued at over $10 million.

 A qualified accountant, buyers’ agent and mortgage broker, Chris is passionate about inspiring others to achieve financial freedom through property. He is the CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. Chris is the host of “Your Money Your Call”for Sky News Business.

Further information is available at http://www.chrisgray.com.au/

I am pleased to welcome on board Chris Gray as one of our expert blog contributors.

We will be tapping into Chris Gray’s wealth of expertise in property investment, covering tips and strategies to help you become a success in property yourself.  Enjoy!

About Chris Gray

Chris Gray began investing in property at age 22 when he worked out that it was cheaper to own a three bedroom house than a one-bedroom unit. He turned an initial deposit of $35,000 into a portfolio that is today valued at over $10 million.

 A qualified accountant, buyers’ agent and mortgage broker, Chris is passionate about inspiring others to achieve financial freedom through property. He is the CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. Chris is the host of “Your Money Your Call”for Sky News Business.

Further information is available at http://www.chrisgray.com.au/