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How To Pick The Right Investment Property: “Know Thy Quadrant…”

So, what makes for the RIGHT investment property… and how do you pick it?

Well, let’s be honest… most of us can’t tick all the boxes on our property wish-list. We’d like to, sure, but often this isn’t an accurate depiction of reality. We can’t all afford the best house in the best street in a blue-chip, capital-growth-centric location every time we invest in property! So, chances are you’ve had, or will have, a conversation about what you might have to compromise in the buying process.

… And this is where our “Buyer’s Decision Quadrant” comes in!

This is a framework that can help you with the asset selection process and help you make an informed decision so you are NOT compromising where it matters most. Because there is something that is absolutely non-negotiable.

So in today’s episode, we’re going to take a deep dive on the four areas — the “Quadrants”  — of our Buyer’s Decision Quadrant so you can sleep well knowing you’ve picked the right investment property with the money you have and the ambitions you seek!

Listen now to learn how to pick the right investment property by using our Buyer’s Decision Quadrant to weigh up the “wins” and “loses” of what you compromise on!

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • What is “The Buyers Decision Quadrant” and how can you use it to purchase your next investment property?
  • What is The One Thing you should NEVER compromise on?
  • Should you buy “Smaller, Closer In” OR “Bigger, Further Out?”
  • What can you compromise on if you have a smaller budget?
  • How to recognise which investment property will work for your own circumstances…
  • Is a property that “ticks all boxes” – AKA the perfect property – really a myth?
  • Is “Uglier” always better?
  • Land size considerations…
  • What should you quickly overlook?

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

 

The #1 Reason Why These Properties Soar In Value… While Others DON’T!

Not all properties are created equal. And there is a specific reason for this – what we like to call “The Psychology Behind The Price”. And this has EVERYTHING to do with human interest and human behaviour – something that can indeed be measured and, almost always, stays exactly the same… no matter who you are or where you live.

Here’s the deal… there are two “types” of properties – Investment Grade and Investment Stock. And most investors are often tricked into thinking – or falsely assume – that what they think is a good investment is going to turn out to be, well, a good investment. And this is NOT the case. In fact, it’s often the complete opposite.

This may come as a surprise to you… but the greatest investments – what we call “investment grade” properties – actually target the owner-occupier (that is, the home owner)… NOT the investor!

And in today’s episode we’re going to tell you exactly why this is and give you the science behind what makes for an Investment Grade property and how to recognise one using the golden rule that underpins the value of propertySupply and Demand!

Listen now to learn how to get a return on your investment property and keep it… simply by identifying high demand in the property market.

 

Remember…

Investment Grade = Great.

Investment Stock = No good.

 

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • What types of properties almost always outperform others?
  • What do we mean by “Supply and Demand” and how can property investors use this to get a return on investment?
  • Investment Grade vs Investment Stock
  • What is “Owner-Occupier Appeal”?
  • How To Identify REAL High Demand in The Property Market!
  • Critical Supply Considerations and How to Identify “Scarcity” in the market
  • The Three Biggies: Human Behaviour, Human Interest and Economic Activity
  • What Property Indicators should property investors assess?
  • Why does the Demographic of a property market have such an impact on property prices?
  • What areas will grow most in value?
  • What is gentrification?
  • Tips for Investing in Apartments

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

 

Episodes from The Property Couch to Further Support You…

 

 

 

 

330 | Top 10 FOMO Mistakes Investors Make!

FOMO (Fear Of Missing Out) is certainly here in this hot property market, folks! 

Let’s be real… the “Great Australian BBQ Topic” is officially on steroids right now  a combination of low interest rates, rising property prices and lack of supply in the market is seeing all sorts of people jump in on the property party they perceive everyone else is enjoying. 

So, we want to be direct with you… there are NO excuses to purchase property because of FOMO! The reality is you should NEVER make huge financial decisions on a whim or forget to “Look Before You Leap”. 

A hot market — like the one we’re currently experiencing  is the perfect storm for property buyers to make mistakes and land themselves in hot water by stretching themselves too far, act without thinkingfall into the “herd” mentality or disregard that FOMO is paradise for Spruikers!! 

As a follow on to our 3-part mini-series on how to win in a HOT property market, today we’re tackling the Top 10 FOMO mistakes property investors make… because we DON’T want to see you getting burnt out there or Realising Too Late that you fell into the trap of Irrational Exuberance!! 

So, strap yourselves in folks… ‘cos we’re about to give you some TOUGH LOVE! 

 

Free Stuff Mentioned… 

 

 

What’s Covered In The Episode….

  • 02:12 – How can you WIN our Start & Build online course?
  • 07:57 – How Bryce’s heckle to Ben ended in a property investment lesson… (LOL)
  • 09:57 – Mistake #1: You buy__ because you __ __ __ !
  • 10:30 – The Perfect Storm for FOMO…
  • 11:23 – A question to ask yourself to rein in FOMO…
  • 11:54 – “I went to buy a loaf of bread and came back with a property!” (yep… real life story!)
  • 14:02 – Why market movement doesn’t mean you should buy property…
  • 15:10 – “CBAD”!
  • 16:07 – Key FOMO difference for investors and owner-occupiers
  • 16:28 – Ben’s Two Controversial Tips for Owner-Occupiers!
  • 20:00 – Mistake # 2: You buy because you want to get __ __ !
  • 20:26 – Why is FOMO a paradise for Property Spruikers?
  • 22:10 – Beware of The Stock List!
  • 23:26 – Why we DON’T like the word “Rich”!
  • 24:15 – The Fundamental Principle to work out if YOU are the product!
  • 25:13 – Understanding the enemy…
  • 26:34 – How to identify “The Millionaire Next Door”
  • 27:17 – Mistake #3: You __ __ __
  • 31:16 – The 30,000-foot view…
  • 31:57 – The two most-common situations we model…
  • 33:51 – Mistake #4: You __ the wrong __!
  • 34:13 – Why you need to be cautious of “flipping” in a hot market…
  • 35:24 – Understanding investment-grade locations…
  • 36:00 – Why a character property could actually be the WRONG property for you…!
  • 37:09 – Mistake #5: You __ __ want to __ on __ !
  • 40:52 – Mistake #6: You __ without a __ __ __ __
  • 41:27 – Why can you borrow more as a rentvestor?
  • 42:20 – Considerations if you’re chasing higher-yielding properties
  • 44:02 – Mistake #7: You underestimate what it takes to __  __  a __ __
  • 44:47 – Mistake #8: You’re too __ or too __
  • 46:17 – Classic examples that lead to a poor-performing property
  • 48:27 – Mistake #9: Your __  is disconnected from __ __
  • 50:20 – Are you paying too much?
  • 53:50 – Mistake #10: You Buy __ Because You Think __ __ __ Changed!!

311 | The Dummies Guide To Strata Properties & Body Corporates – Chat with Amanda Farmer

What is Strata? And what are your obligations if you are considering investing in, or have already purchased, strata properties?

In this episode we’re going down the rabbit hole of Strata and Body Corporates/ Owner Corporations! Basically, it’s a “101” on The Do’s and Don’ts and Practical Tips for Strata Management… and, while this can be quite a complex topic, we have the perfect guest to explain everything you need to know… without the confusion or legal jargon getting in the way!

Today’s guest is clearly someone who knows her subject well…. Joining us is Amanda Farmer from Your Strata Property! Amanda is a specialist strata lawyer with over 16 years’ experience in strata and community living. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is a recognised strata expert.

This episode is a MUST for anyone who is thinking about investing in an apartment or townhouse that shares common areas… those of which are managed by a body corporate!!

Listen now to get “The Dummies Guide” to Strata Properties & Body Corporates!

 

Free Stuff Mentioned:

 

Here’s A “Tip Of The Iceberg” Look At What We Cover…

 

 

67 | Property valuation process and the journey of a property investor – Chat with Kieran Clair

We have a guest on the show today! Kieran Clair, Editor of Australian Property Investor Magazine joined Bryce and Ben to talk about his role in the media and publication industry specialising in property investing. Prior to journalism, Kieran was an experienced property valuer and has more than 20 years of experience valuing properties for owner occupiers and property investors. So for today’s show, the three of them will be discussing:

  • Kieran’s experience as an investor and what motivated him to build his portfolio
  • The mistakes, lessons and investing tips he learned as an investor
  • His role as the editor of API Magazine
  • How the property valuation industry has changed over the years
  • What’s the property valuation process like
  • The types of properties that tend to be valued at below market price
  • Factors and considerations that would affect a property’s value from a valuer’s point of view

 

Other links:

 

PS: You may have noticed that the audio quality for today’s podcast is not as clear as it usually is. We experienced a few technical difficulties while recording and we do apologise for this hiccup.

 

If you like this podcast: “Property valuation process and the journey of a property investor – Chat with Kieran Clair”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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