Why do many investors (including myself) not fully tap into the power of leveraging a team? Having this power is one the main differences between an amateur investor and those that grow a substantial portfolio creating the wealth to change their lives. Here, I will go through some of the mindsets and ways to think about how to leverage a team to the fullest and how best to utilise each of the key professions and service providers. You may think you have a great team already, but listen in to mak...
Sep 28, 2022•22 min•Season 1Ep. 95
Why do investors sometimes hold themselves back from investing more when they could or should be taking action? We again have Stuart Wemyss from Prosolution Private Clients on the show to guide us through the mindset and psychology and how to set yourself up to be able to grow and build a portfolio that delivers life changing wealth. Stuart discusses the main reasons why people don't invest as much as they could and these have also held me back in the past. Lots of deeper psychology to cover in ...
Sep 21, 2022•27 min•Season 1Ep. 94
So what's been going on in the building industry for the last 18 months? We have David Mynott back to give us his insights with a deep dive into the Perth building industry.. He is the founder of 2nd Dawn, a sustainable building company in Perth and is well positioned to take us through what he is seeing. David will talk about the effects of rising petrol prices, labor shortages, Covid and the war in Ukraine on the cost of labor and materials and how this is affecting typical building time frame...
Sep 14, 2022•21 min•Season 1Ep. 93
Today I'm tackling some of the questions getting posted in our Perth Property Investment Facebook Group to throw in my 2 cents and hopefully help you with your investing too… So if you are not already a member head on over to join us and keep the questions coming! Firstly, I take a deep dive on some of the factors to consider whether to buy one property at $600k or 2 at $300k… it should be very interesting to look at all sides of this one. I then go on to cover off my feedback on buying in Clove...
Sep 07, 2022•35 min•Season 1Ep. 92
Let’s face it, we are pretty backward when it comes to sustainable building in Perth… but that is changing! Today our guest is David Mynott, the Founder of 2ndDawn, a sustainable building company in Perth. We deep dive into all the advantages of building with a passive design, renewable energy, and sustainable materials. We get stuck into the costs and some of the potential returns to the hip pocket as well as the planet and adopting these practices will likely be the best way to future proof yo...
Aug 31, 2022•27 min•Season 1Ep. 91
What are some of my biggest lessons so far in my 16 years of property investing?... In part two of this Property Investory interview with Tyrone Shum, I talk more about my property investing journey since I took the leap of faith to leave my engineering job. It’s been a steep learning curve and I now prioritize buying quality over quantity, wishing that I had done this much earlier on. I’ve had many challenges but it helped that I surrounded myself with people who were seasoned investors. I was ...
Aug 24, 2022•20 min•Season 1Ep. 90
Today, I'm bringing you something a little different. It's an interview that I recently did on Property Investory with Tyrone Shum, a great podcast that I listen to. He helped take me back and reflect on my property investing and business journey so far, my first few deals and my mindset along the way. In this first part we cover how I transitioned from Engineering into property investment making $85,000 in four months on my first property deal and get stuck into the nitty gritty on it as well a...
Aug 17, 2022•30 min•Season 1Ep. 89
Today I'm taking a deep dive into some of the questions getting asked by our members of the Perth Property Investment Facebook group. If you're not a member, jump on over to Facebook and search us out to join now. But I thought these questions and my answers could help others that are in a similar position with their buying and selling decisions. And, of course, I'm just throwing my opinion in, I don't know the full story. It's not specific advice, but it's some general pointers in the right dir...
Aug 10, 2022•31 min•Season 1Ep. 88
Does the thought of a passive buy and hold seem too slow and put you to sleep?... In this episode, I discuss how you can accelerate your investing and grow your wealth faster by doing a renovation or development. I’ve been digesting the chat that I had with Stuart Wemyss in Episode 76, where we discussed if renovation and development add up, and I really wanted to give you a different perspective and practical examples of when renovation and development can really work, especially in acceleratin...
Aug 03, 2022•16 min•Season 1Ep. 87
Today I'm back with part two of our Inside Story: chatting to Adam Nyeholt of Rise Property Buyers, talking about rising above our mistakes. Today we’ll be going into lots of interesting stuff with Adam's recent project in Leederville and it's going to be exciting to unpack his experiences and learning lessons. We're also going to reflect back on how he'd start again if he was back at the beginning, and we'll also talk about what we see for the year ahead in the Perth property market. It’s going...
Jul 27, 2022•24 min•Season 1Ep. 86
Today, I've got Adam Nyeholt from Rise Property Buyers on the show to share with us his inside story on how he has turned his past mistakes into success for him and his clients. In this first part, we're going to cover how he started investing, his key learnings along the way, some of the mistakes he's made and dwell on a few of my mistakes too. We also look at some of the pros and cons of being active vs passive with your investing, as well as our preferred strategy – and we seem to have a comm...
Jul 20, 2022•28 min•Season 1Ep. 85
Today we've got my colleague and superstar property manager, Jewayne Loong along to discuss the opportunities and pitfalls when buying a tenanted property. It's a great opportunity to pick up a bargain and save tens of thousands on your purchase price but surprisingly, there are a lot more pitfalls than most investors we speak to realise. It can really make or break both the return that you get on the front end, whether you’re actually getting a good deal or a bad deal, or buying yourself a whol...
Jul 13, 2022•25 min•Season 1Ep. 84
In today’s episode, I’m having a chat with an old friend, Anthony Tran. He's a senior migration agent with Kingsbridge, and has excellent insights to give us on why people are looking to move to Perth and what sort of impact this may have on our property markets. Together, we talk about why people migrate to Australia and specifically to Perth, how long the migration process might take, where migrants are mainly coming from, typical buying and renting patterns, Anthony's predictions for the migr...
Jul 06, 2022•30 min•Season 1Ep. 83
In today’s episode, I'm bringing you my quarterly Perth Property market update and with so many changes there is a lot to fill you in on! Boy I love doing these and have a lot to cover for you on the sale market, the rental market, what I'm seeing with the factors affecting our market, and my crystal ball for what's ahead. I'm calling this episode “Opportunity Strikes” because it is a great time to be looking to buy in Perth when there's a bit of noise and a bit of softness from interest rates i...
Jun 29, 2022•32 min•Season 1Ep. 82
It's very easy to think you are a property investing hero when the market is going up. Even though the Perth market has more upside ahead, I am watching the slow down to the Sydney and Melbourne property markets and I wanted to look at how each of us can position ourselves to play a strong defence so that when things do soften for Perth we are prepared. I'm thrilled to have Michael Yardney back on the show to take us through his tips on how to best prepare. He's one of Australia's most awarded a...
Jun 22, 2022•26 min•Season 1Ep. 81
In today's episode, I'm going to talk about inflation, how it's measured, the difference between supply-driven and demand-driven inflation, the concept of personal inflation and how to reduce it in your own situation. It's a little depressing to see that the real cost of things is going up more than the actual CPI here in Australia but when it comes to property investing, there's certainly a way for you to make inflation work in your favour. You're not only going to benefit from the inflation, r...
Jun 15, 2022•19 min•Season 1Ep. 80
In today's episode, I am joined by my long-time colleague, Jewayne Loong, in discussing dual key properties and how they can provide you more income but also plenty of issues if things aren’t set up properly. We'll cover everything from how to set up the property to practical considerations and things to think about for ease of use by the tenants, all with the goal of setting you up for stress-free investing. This will be an exciting discussion, so let’s go inside! Resource Links: Join the Perth...
Jun 08, 2022•18 min•Season 1Ep. 79
In today's episode, my colleague, Jewayne Loong, continued to interview me about our recent investment property purchase in Mount Lawley. We have a great conversation about due diligence, determining the price to pay and making offers with plenty of takeaways, and challenges. Then we'll look at how I went through organising what I needed to do after the offer was accepted, as well as some reflection on some of the problems and lessons learned along the way. This will be an interesting discussion...
Jun 01, 2022•20 min•Ep. 78
In today's episode, my colleague Jewayne Loong interviews me about my recent investment property purchase in Mount Lawley. I'm going to be sharing with you the details of my process and some of the key lessons that we learned along the way. We've got lots to cover so we've broken it up into two parts. Here in Part 1, you can have a look at how I set my strategy and overall plan for the property. You'll learn the criteria I have for the property, how I created a budget, chose the suburbs to look ...
May 25, 2022•23 min•Ep. 77
I often get asked if its worth using a renovation or development strategy or if that same money should just be used towards buying a better quality or additional property… So I got Stuart Wemyss from Prosolution Private Clients on the show to run us through the numbers and his thinking on what strategy stacks up best over the long term. He shares with us his insights and detailed analysis using 3 scenarios he came up with to really give us clarity on the various options for how best to potential...
May 19, 2022•33 min
In today's episode, I'll go through the difficult puzzle that is home affordability and examine the proposed solutions that are unlikely to have a significant effect. I'll also discuss the possible drawbacks of the policies suggested by both the Labour and Liberal parties as we go into this federal election. With housing affordability becoming more challenging, particularly with significant increases in house prices, I will pull apart this puzzle and show you the many pieces and their influence ...
May 11, 2022•17 min•Ep. 75
In today's episode, I'm joined by John Lindeman, a property market analyst who's been an industry expert for over 20 years. He shares with us what's the correlation between the interest rates and house prices and why it's a fallacy that people believe that house prices will fall when interest rates go up. John will explore what is driving up house values and why they should continue to rise with inflation. Lots of interesting things to discuss, so let’s go inside! Resource Links: Join the Perth ...
May 04, 2022•29 min•Ep. 74
Have you ever thought about partnering or doing a joint venture with others to buy a property?... In today’s episode, I’ll be giving an overview of the primary methods to establish a joint venture, the advantages and disadvantages of doing so, how to assess your readiness, what to look for in a joint venture partner, and how to achieve the desired result. I’ll take you through my experiences with various joint ventures that I’ve done and how I made them work as well as some of the mistakes and l...
Apr 27, 2022•26 min•Season 1Ep. 73
In today’s episode, we continue with part two of Regan’s investing journey so far, where his hard work is now really starting to pay off. He takes us through his Mount Hawthorn project, where he is subdividing to build a brand new home. Regan also shares with us his profit earnings, overall learnings, and some of his future property plans. I’m excited to learn more about his story, so let’s go inside! Resource Links: Join the Perth Property Investment Facebook Group ( https://www.facebook.com/gr...
Apr 20, 2022•29 min•Ep. 72
In today’s episode, I’m back with an inside story where I chat with Regan about his property purchases and the hard work he’s done along the way that is now paying off! Learn about his how mixing investing and home ownership has helped his family grow their portfolio so far and the many lessons learnt along the way in this two-part series and I’m sure you will get some inspiration for your investment strategy. I can't wait to get started on his story, so let’s go inside! Resource Links: Join the...
Apr 13, 2022•28 min•Season 1Ep. 71
In today’s episode, I’m super excited to chat with The Block’s favorite Perth power couple Ronnie and Georgia on how to renovate for profit. Learn from their renovating experience and discover what it was like behind the scenes on The Block. Plus we also cover off their top 5 tips for adding the most perceived value for the lowest cost. This is going to be a fun and enlightening discussion, so let’s go inside! Resource Links: Join the Perth Property Investment Facebook Group ( https://www.facebo...
Apr 07, 2022•35 min•Ep. 70
In part 1 of the episode with Lacey Filipich from Money School we discussed how to raise financially savvy kids, we talked about when you could start educating your children regarding financial matters and how to make it fun and engaging. In continuation of our discussion from last week, in this episode Lacey gives us important advice on how we can help our children avoid difficult financial situations. We also talk about some of the things to consider when deciding what wealth to leave to our k...
Mar 30, 2022•20 min•Ep. 69
Don’t you just wish that you had a better financial education as a kid?... It might have helped prevent some of the bigger mistakes you made with debt and set you on the fast track to wealth much sooner without all the trial and error. Teaching the younger generation how to handle their resources empowers them to become better at handling financial matters as they grow older. But when exactly is the right time to start teaching our kids and how do we do it? Today, we have Lacey Filipich — the Fo...
Mar 23, 2022•25 min•Ep. 68
Put two words together with contradicting meanings and you’ve got an oxymoron. A perfect example of this is our topic for today — Patient Urgency. Contradicting in nature, yes. But these two traits are essential for one’s overall success. We cover the three key areas that need patient urgency being saving, investing, and handling challenges. To understand more about these traits and how you can cultivate them within you, let’s go inside! Resource Links: Join the Perth Property Investment Faceboo...
Mar 16, 2022•14 min•Ep. 67
At the moment Perth is shown to have the second-lowest median house price of every capital city in Australia! So it would seem as though Perth has been forgotten despite its amazing fundamentals. Let’s deep dive into the underlying stats and factors driving our rental and sale market as well as my actions to consider and crystal ball for what I predict will happen in the year ahead. I can’t wait to share this jam-packed episode with you so let’s go inside! Resource Links: Episode 62: Should You ...
Mar 09, 2022•36 min•Ep. 66
