In this week's episode, Sammy Gordon is joined in the studio by his co-host Jimmy Ibrahim and APS Strategist Luke Teeuwsen. The boys are in the studio discussing why so many investors get stuck at 1 or 2 properties into their investing journey. They delve into the common reasons including lack of strategy, viewing more expensive properties as superior and therefore maxing out borrowing power, and being lured into properties that would be eligible for government grants. The most important way to avoid falling into this trap is to surround yourself with the correct team to avoid making mistakes and becoming stuck; along with sticking to the strategy through the tough times to achieve your property investing goals.
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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.
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Chapters:
(0:00) Introduction
(05:01) What took Jimmy so long to buy his 2nd property?
(08:28) Is a more expensive property a better investment?
(14:10) Exemptions and grants vs buying an existing property
(23:01) Why maxing out your serviceability will stop you
(28:27) The importance of having a great team around you
(33:23) Is believing the strategy half the battle?
(39:12) The longer you go it the easier it gets
(43:12) Delayed gratification is all about giving you a better future
(46:47) It’s not always a golden goose
