Ep.117: Cate Bakos and Pete Wargent talk about their latest book, “The Buy Right Approach to Property Investing”.

In this episode of the Geared for Growth podcast, host Mike Mortlock welcomes Cate Bakos and Pete Wargent, to discuss their new book “The Buy Right Approach to Property Investing – Mastering the Skills to Invest Wisely in Property”.

International property buyer, finance and real estate expert, Pete Wargent, has a long list of credits to his name. As an experienced investor, CEO of Next Level Wealth and Co-Founder of AllenWargent Property Buyers, Pete has regularly appeared on TV and radio and has authored seven books on investing.

Cate Bakos started Cate Bakos Property just under a decade ago and has built a reputable team of buyer’s agents in the competitive Melbourne market. Cate is a regular commentator in the media, is co-host of podcast series, The Property Trio, and has built her own sizeable property portfolio.

Together, Cate and Pete combine their respective micro and macro perspectives to share their industry knowledge, aiming to help others achieve financial freedom through smart property investments. In this conversation, they explore topics from their book, such as the power of compounding, the current inflation environment, and whether the fundamentals of property investing have truly changed over the decades.

This discussion is more than just a book review; it offers a glimpse into the valuable insights Pete and Cate share in their book. It provides thought-provoking ideas and just enough information to have you racing to your nearest bookstore.

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In this episode of the Geared for Growth podcast, host Mike Mortlock welcomes Cate Bakos and Pete Wargent, to discuss their new book “The Buy Right Approach to Property Investing – Mastering the Skills to Invest Wisely in Property”.

• Cate and Pete provide an overview of their book
• The combined forces of a micro and macro view of the property sector
• The lag effect of what’s happening on the ground and what’s talked about in the market
• The power of compound growth and why it’s such a popular topic
• Why it’s critical to find your own personal strategy
• The importance of being patient in property
• What’s really happening with inflation
• Have the fundamentals of property changed over time?

“Pete’s gone about building life a little bit differently to me, obviously through property but it just goes to show there’s no one silver bullet strategy, there’s lots of different ways to do it” Cate 3:22

“I’ve got very much a macro view of the world and it’s almost a top down approach, almost start with global economy, Aussie economy and then what are the states doing and the cities and it very much is sort of an economics driven view of the world” Pete 4:25

“It’s quite a crazy thought to think that after the age of 65 you could increase your net worth by 50 times but that’s really the power of compounding, a lot of the best results come later on” Pete 8:50

“I talk in depth about the different types of negotiations and negotiating the negotiating so in other words preparing the agent for how you’d like the negotiation to be run from their side of the fence” Cate 10:27

“A few good property decisions can literally change the course of your life and there’s lots of different ways you can do it but really just need to do whatever it takes to get started” Pete 13:35

“Working from home phenomenon, that’s a change that is a structural shift, I don’t think we’ll go back to full time work five days in the office but there’s some things that never changes human nature is something that never changes” Pete 18:31

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