On Property Podcast

A Different Way To Learn About Property Investing


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There may be a better way to learn about property investing that will make you less overwhelmed and a more successful property investor. Worth exploring? I think so!
Today we're going to talk about a different way to learn about property investing because chances are the way that you're currently learning about property investing probably isn't the most effective way that you can do it. Hey guys, I'm Ryan from OnProperty. I help people find positive cash flow property, but now so trying to help people build the skills that they need to become a successful property investor. And so just having some coffee here. If I sound a bit different. I have had pneumonia, which is terrible. Pneumonia sucks in bed for three weeks, coughing up blood, all that good stuff. So if I sound a bit different, that is why, and I apologize. So to talk about a different way of investing in property, we're learning about investing in property. Let's first look at the way that most people go about learning how to invest in property.
The way that I went about learning out how to invest in property and that is through. We start with property magazines, things like money magazine, your investment, Property magazine, Api magazine, that sort of stuff. Or we go on websites. We might go on, on property, we might get onto more popular websites. So if I just flip the camera around here and here's your investment property mag website as well. We've got Michael Yardney's property update website as well. Two great websites about investing in property, but what we'll find is that a lot of the content on these websites is kind of about the general market at the moment, so we can see on Michael Yardney's site proposed reforms to negative gearing. So you can learn about that. Good news for the Melbourne property market, weekly economic update, stuff like that. If we look at property investment mag, we can see housing supply, well short of demand in Tasmania.
So that's looking at kind of the local region, talking about planning growth in Australia's largest cities. Properly prices rose in December, so it's all kind of localized sort of stuff. So it's all news items and what's happening now. And so we spent a lot of time reading about what's happening now and what the market's like now, property hotspots and all of that sort of stuff. And so what I want to propose today is that you go about learning how to invest in property in a different way. When it comes to successfully investing in property. There's a lot of different elements at play. All right? So there's so many different strategies that you can use to invest. That's not what I'm talking about. I'm talking about when you invest in property, there's a lot of different things that you need to know how to do and how to do well in order to increase your chances of success in property.
So one of those skills would be market selection. So choosing your broader market, so what state you're choosing, what city you're choosing or what region. So finding the good areas and looking at where in the cycle those areas are. If you can choose the right area, that's going to increase your chance of success. Another skill is then suburb research. So once you've chosen your local region, looking at the suburbs within that region and finding the best suburbs that are most likely to increase in value, that's another skill in and of itself that's completely different from choosing the region. And if you're good at that skill and you can find a good suburb, then you can almost invest in anything in that suburb and chances are it's going to go up in value because a rising tide will lift all boats. But if you don't have those skills, so if you don't choose the right region or don't choose the right suburb, then your chance of having success is going to be less.
Sorry, Google talking to me in the background, I don't know why.
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On Property PodcastBy Ryan McLean

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