Mistakes Archives - Page 11 of 16

131 | How Did He Turn $4,500 Into A Multi-Million Dollar Property Portfolio?- Chat with Victor Kumar, Partner at Right Property Group

By The Property Couch August 17, 2017 in Podcast

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What would you do if you arrived from Fiji to Australia with only $4,500 to your name and little else? Well, that’s exactly what today’s guest, Victor Kumar, Partner at Right Property Group, and his wife did in 1997. And their story is truly extraordinary! Within 1 and a half years in Australia, the radiographers—thanks to reading The Wealthy Barber and Building Wealth Through Investment Property, learning as much as they could about property investment, lots of hard work coupled with a steel determination —had secured their own PPOR as well as 11 investment properties!

Here to explain how he did it, the co-host of Investing Insights with Right Property Group podcast, Victor Kumar, explains:

How he chose a mortgage broker to get the loan he was first rejected for
Who to take your advice from (aside from Jan Somers and David Chilton)
The difference between money and mindset, and why goal setting is crucial:

“The very first thing is: you’ve got to sort out your goals—why you’re doing it and what are you aiming for—before you start the journey. Most people start the journey and then try and get the GPS up-and-running to say we’re they’re going.”

Victor’s reason “why” he invests in property—and why it is crucial to know your “why”
A simple, easy habit anyone can do to outsmart a spruiker and determine if the property seminar is genuine
His investment strategy, how he accumulated such a ginormous portfolio and if he would do it again
A few of the mistakes and lessons learnt while building his portfolio (and they’re hilarious!)
When to DIY and when to always pay for professional services
What factors to consider if you are investing in the outer suburbs?
His renovation “Life Hack” and why it’s the most important renovation tip to add value
What are the three things that can ruin a property portfolio?
How to manage multiple investment properties and the problems with investing in too many properties
Special: Victor unpacked an amazing tip at the 55-minute mark. So make sure you don’t miss that!

Note: Victor brought enough gold to the couch to create a mining town … let us know if you agree! What to do and what never, ever to do … wooooaaaah, thanks Victor!

Some other resources for our fellow listeners:

Our chat with Steve Waters back in Episode 42 – Listen here
LocationScore’s Launch Offer is expiring this Sunday, 20th August 2017! (Code: TPC20) – Check it out here

121 (Part 2) | Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley

By The Property Couch June 27, 2017 in Podcast, Real Estate Agent

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Part two with Damien Cooley, Australia’s most respected auctioneers and the face of Cooley Auctions, On top of his Australian record—see part 1— he has an uncountable number of industry trophies tucked under that orange tie—winning the 2015 & 2013 Auctioneer of the Year at the Real Estate Business Awards for example—and has performed auctions on other reality TV series, including The Renovators, Under The Hammer, Hot Auctions and Selling Houses Australia.

Oh, and you might have heard this in Part One that just two years ago, Cooley Auctions delivered up to 6000 auctions in the same year. So Damien definitely knows his stuff.

What are you waiting for? Get the insider’s guide to:

Which avoidable mistakes buyers make
How to win at auction, just by observing the mood of buyers
Which bidding tactics work and which ones absolutely don’t
What the Five Second Rule is
What a Flexible Buyers Strategy looks like
How the auction process differs between Victoria and NSW

and

Is there a shift in buyers’ sentiment in Sydney’s property market?

If you like this podcast: “Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley”, 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.

120 | Secret To Making Money While You Sleep – Chat with Tom Panos

By The Property Couch June 16, 2017 in Podcast, Real Estate Agent

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We’ve finally got Tom Panos on the show! For those who’s unfamiliar with Tom, he’s the founder of the Real Estate Gym, 5am Club, co-host of the Million Dollar Agent podcast, a weekly commentator on SKY News Business, Channel 602, Real Estate Advertising Director for News Corp and is one of Sydney’s leading Real Estate Auctioneers as well as being a sought-after keynote for the Real Estate industry. On top of that, he’s also an active property investor and has been investing for the past 25 years.

So what will the three of them be chatting about today? Here are some bullet points!

How will having a regime in your daily life help you
What are Tom’s drives to success and how they’ve changed over time
Why playing the long game matters in property investing
How did Tom start his portfolio and tips for investors who are looking to do the same
Formula for a successful renovation project
Tom’s response to those who are concerned with the media’s property boom and bust stories
His mentors in life and relationship with Jon McGrath
Top 3 tips for buyers looking to bid at auction

If you like this podcast: “Secret To Making Money While You Sleep – Chat with Tom Panos”, 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/

118 | Create Wealth Through Your Assets, Not Your Pay Packet – Chat with Craig Stephens, Managing Director of Jas Stephens

By The Property Couch June 1, 2017 in Podcast, Real Estate Agent

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Today’s podcast title is a direct quote from our special guest, Craig Stephens! As the Managing Director of Jas Stephens, with a history spanning over 90 years and four generations and the leading real estate agency in Melbourne’s Inner West, Craig is also an active investor himself who started building his portfolio back in the late 1980s. He started off as a bond trader and worked with Merrill Lynch in London before coming back to Melbourne to take over the family’s business. With his experience, both in the financial and property market, the three of them discuss about:

What are the critical elements in a successful business and how similar they are with property portfolios
Who motivated him to buy his first property and his investment strategy ever since
The market trend for the past 20 years in Melbourne’s inner west
What is the Rule of 72 and does property doubles every ten years
Who should be on your panel of experts and why only meeting your accountant at tax times isn’t good enough
Understanding the risk in buying a property
Tips for buyers when dealing with real estate agents and when to get in touch

Resources mentioned in today’s podcast:

REA Video | Having trouble saving? Time to forecast your finances >> Watch here
Recommended Book | Think and Grow Rich by Napolean Hill >> Learn more
Bryce’s Life Hack | How I organise Evernote by Michael Hyatt >> Read here
CoreLogic | Quarterly Housing & Economic Review – April 2017 Release >> Download here
CoreLogic | May Home Value Index >> Read here

If you like this podcast: “Create Wealth Through Your Assets, Not Your Pay Packet – Chat with Craig Stephens, Managing Director of Jas Stephens”, 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/

114 (Part 2) | How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate

By The Property Couch May 4, 2017 in Podcast, Real Estate Agent

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Following on from Part One, the second part with Brad Teal focused on Victoria’s new underquoting laws that came into effect on the 1st May 2017. For those new to the real estate industry, underquoting as defined by the Consumer Affairs of Victoria is: Underquoting can occur when a property is advertised at a price that is less than the estimated selling price, the seller’s asking price, or at a price already rejected by the seller. You can learn more about this new regulation here.

So for this part, the three of them discussed:

How was this new underquoting law introduced and the logic behind it
What changes will the new regulation impose on the real estate industry and will it be introduced to the other states
Traits of a good selling agent and the research that a vendor can conduct
The different demands on certain property type in different market
What does he think about the buy and hold strategy
What success mean to him

ps: And if you are interested in Ben’s “Did You Know” Facts, click here.

If you like this podcast: “How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate”, 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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