For the latest episode of this bonus series of the property investing journey, Mike is joined by REIV Buyer’s Agent of the year, best-selling author of Property Prosperity, and CEO of Property Mavens, Miriam Sandkuhler, to talk through the seven property investment fundamentals you must never side-step if you’re aiming to build a successful property portfolio.
In this highly informative conversation, Miriam goes into detail on the seven property fundamentals that she believes are critical to success in property investment. Covering everything from creating a property strategy and understanding your risk profile, to understanding the rules of negotiation, Miriam explains it all in straight-forward and concise language.
By delving into sales commissions structures, Miriam demonstrates the importance of knowing who is on your team and why it’s important to engage the right experts. Miriam also explains why she would never property manage her own investments.
Regardless of where you might be on your property journey, you are bound to learn something, or gain a better understanding of your own investing prowess, by tuning in to this conversation.
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Mike is joined by REIV Buyer’s Agent of the year, best-selling author of Property Prosperity, and CEO of Property Mavens, Miriam Sandkuhler, to talk through the seven property investment fundamentals you must never side-step if you’re aiming to build a successful property portfolio. In this highly informative conversation, Miriam goes into detail on the seven property fundamentals that she believes are critical to success in property investment.
What we cover in this episode
- Creating a property strategy
- The seven property fundamentals
- Understanding your risk profile
- Why you shouldn’t skimp on engaging experts
- The macro and micro economic indicators you need to look out for
- Understanding the rules of negotiation
“People often mistake free advice and they think it’s good advice and what I mean by that is the property industry isn’t regulated by ASIC, there is no legal requirement to be a qualified property investment advisor” Miriam 1:30
“That’s the extent to which someone will expose themselves, show potential loss in order to make a certain level of gain but most people don’t factor their risk profiling when it comes to buying property” Miriam 4:12
“There are so many issues in recent years that have come up regarding poor quality in terms of buildings that you want to know about that sort of thing” Miriam 7:01
“You’re best focusing on what strategy – capital growth, cash flow, balance of the two – and then deciding what to buy. Tax benefits are a benefit of investing but they should never be the reason to invest” Miriam 12:02
“You can actually recover so long as you don’t hold onto a situation where you invested a lot of time or money in the hope that it will get better one day when you’ve got no evidence to support that” Miriam 19:13
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