On today’s episode we are going to dive into the articles and news headlines you might see that say “10 properties in 10 years, or 20 properties before the age of 35”. These stories of individuals and couples who forge a long-term plan of investing is extraordinary and also risky, so we talk about how they do it and the kind of person it takes.

They key areas we discuss are:

• They use smaller deposits and pay mortgage insurance to hold more units of property
• They look for high yielding property and often have a small purchase price so they can afford more
• They take risk on the location and are very analytical
• The properties are diverse in nature across the country or different types to protect risks
• They look for net cashflow or neutral properties, where it ideally doesn’t cost them to hold
• They turn over property that doesn’t do well, like a stock, they sell and transfer to better assets
• Finally, they have an amazing mindset and great financial budgeting process/skill

Thanks again and catch you next time.
The Property Heroes
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We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you [email protected] or you can reach us through our social.
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Website:
https://www.letsbuyproperty.com.au/