The Elephant In The Room Property Podcast | Inside Australian Real Estate Property Investment Strategies that Work in 2022 | Tyrone Shum, Property Investory
We’re quite aware here in The Elephant in the Room that a lot of aspiring first time property investors are more likely to devour strategies and case studies that ‘Property Superstars’ and TikTok influencers put out.
…But are we missing something important by listening to all these success stories and strategies?
Tyrone Shum, the host of one of Australia’s most popular property podcasts, Property Investory, joins us today and he makes a bold claim: He’s NOT a property expert! – BUT he’s long held a passion for real estate and that led him wanting the story behind the success of investors.
In this episode, we’re dissecting the hundreds of stories Tyrone has heard – Which property investment strategies stood the test of time? What can we learn from these investors’ failures? Should we believe every success story we hear?
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
Episode Highlights:
- Measuring ‘success’ in property investors [02:01]
- The problem with leveraging success stories [07:09]
- Can Aussies still get rich in property investing? [10:55]
- How investors are using their stories as a PR strategy [13:33]
- Strategies that investors use in 2022 [18:34]
- Why listening to investors’ failures and challenges brings more value [25:10]
- The ‘seagull effect’ in real estate [32:17]
- Is ‘flipping’ houses a reliable strategy? [35:20]
- Tyrone’s thoughts on ‘hotspotting’ [40:20]
- Is moving to commercial property a good move? [45:50]
- Does rentvesting still make sense in 2022? [48:23]
- The truth behind ‘success stories’ [50:32]
- Tyrone’s property Dumbo [57:36]
- How to protect yourself from shady property ‘mentors’ [01:00:02]
About our Guest:
Tyrone Shum is the host of a very popular podcast show called Property Investory receiving over 2.6 million downloads showing to property investors the latest stories, strategies, and examples from Australia’s most innovative property experts.
On the video front, he is also the creator of two extremely popular YouTube Channels receiving over 1.8 million views and over 16,500 subscribers, showing vast experience with engaging viewers online.
Tyrone has been interviewed across 30 different podcasts from around the world, featured on numerous world-class blogs and invited to speak at numerous events with over 100 attendees.
It has not always been this way. He’s been through many challenges from losing a job working in a recruitment agency to closing down a toilet deodourising business and making a loss of $24,000 during the Global Financial Crisis. This helped him overcome adversity, learn from his mistakes and now help universities and government organisations excel.
Links from the show:
- Property Investory Podcast: https://propertyinvestory.com/podcasts/
Connect with Us:
- Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
- Work with Veronica: https://linktr.ee/veronicamorgan
- Looking for a Mortgage Broker? www.wealthful.com.au
- Work with Chris: hello@wealthful.com.au
- Send in your questions to: questions@theelephantintheroom.com.au
Find this episode on our website:
https://www.theelephantintheroom.com.au/podcasts/241
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