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In this special edition of "Ten with Ty," the tables are turned when host, Tyron Hyde, CEO of Washington Brown, is interviewed by property expert, Hotspotting's Terry Ryder. 

The pair delve into the intricacies of property investment. Terry places Tyron under the spotlight, extracting invaluable insights about his property investment journey, strategies, and philosophies. The conversation traverses Tyron's first investment, his strategic approach to buying properties, and the lessons learned from his investment experiences.

Throughout the episode, Tyrone emphasises the importance of buying when the market is less competitive, highlighting the concept of being counter-cyclical in property investments. The duo also explores common investment mistakes, including the dangers of buying new property without adequate research, and the under appreciated value of advisory teams and resources like RP Data. Tyron's philosophy of not following the crowd is a compelling narrative throughout the discussion.

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Key Takeaways:

• Strategic Buying: Tyron stresses purchasing property during market downturns when competition is low, as advised by Harry Triguboff.
• Investment Philosophy: Emphasises the importance of independent research, not following herd mentality, and understanding property cycles to make informed decisions.
• First Investment Insights: Details on Tyron’s first property investment in Sydney's Balmain and its eventual significant return.
• Common Mistakes: Highlighting the frequent errors new investors make, such as inadequate research and relying solely on advice from profit-motivated sellers.
• Holistic Approach: Importance of building a solid team, including mortgage brokers, accountants, and using tools like RP Data for informed investment decisions.

Notable Quotes:

1. "I'd rather buy when no one's at an auction than when there's a hundred people at an auction." – Tyron Hyde
2. "Never ever borrow money for shares. If you can't own the share outright, don't buy it.” – Tyron Hyde
3. "Independent advice on where to buy is key." – Tyron Hyde
4. "The richest people in Australia, they're waiting for a property fund to go broke and then say, bang, we'll buy it." – Tyron Hyde
5. "Don't assume your property is always going to go up." – Tyron Hyde

Resources:

• Washington Brown - The Property Depreciation Experts
• RP Data - A crucial tool recommended for property valuation and comparable sales analysis
• SQM Research - Essential for property market reports and heat mapping potential investments
• Hotspotting - Finding Tomorrow's Hotspots Today

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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors