The Investor Lab

Becoming a real estate entrepreneur sounds like a dream, but it’s important to know what you’re getting yourself into before jumping in. Today, we talk about the difference between property investors and real estate entrepreneurs and also identify the 10 key elements that will help you map out your journey. This episode aims to give you a different perspective on real estate entrepreneurship, while giving you the tools to start or move forward.    In this episode, we cover: The Entrepreneur’s mindset combines vision, passion, and grit [05:50] Think for yourself and don’t rely on just any data that’s out there [09:37] First Element: A mission statement is like your North Star [15:51] Second Element: Start with your vision of the future [20:36] Third Element: Your principles and values [23:50] Fourth Element: Have a business plan [27:51]  Fifth Element: Objectives & Key Results (OKRs) [35:13] Sixth Element: Get the right team on your bus [37:05] Seventh Element: Leadership your team to the championships [43:21] Eight Element: Get more opportunities through marketing [47:09] Ninth Element: Innovation is the cornerstone of any success [53:50] Tenth Element: Know your numbers and make them work [56:26]   Links from the show: Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com)   Connect with us: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  If you need help, hit us up at Dashdot Buyers Agents (https://dashdot.info/application)  Send us your thoughts and feedback (hello@dashdot.com.au)   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!See omnystudio.com/listener for privacy information.

Property investing is not without its own stresses. You have to think about increasing cash flow, mitigating risk, and managing your properties overall. Today, we have Mark Trowell from Yabonza. He and I go through the strategies in property management, how to optimize your portfolio, and some insights on how to navigate this space following the impact of the Coronavirus. Take in these massively valuable insights on property investing by tuning in now!   In this episode, we cover: The Start of Yabonza: Combining property and technology [03:47] Automating processes to benefit tenants & landlords [06:07] 2 Vectors of Entrepreneurial Leadership: Visionary and Integrator [09:55] Mark’s driving force for Yabonza’s vision [11:11] Communication and transparency are paramount in any stressful event [16:49]  Property investing is a long-term game [19:52] Negativity in the media is on overload [23:53] Building a low-risk portfolio: Yield, capital growth, and diversification [26:01] Supply, demand, and affordability affect property prices [31:33] Regional areas are stronger than capital cities [34:48] Property investing is not about chasing discounts [38:07] How can landlords increase their cash flow (and reduce risk)? [40:12] Advice for those looking to invest in properties [46:40] Understand your why to know the next step in investing [49:45]   Links from the show: Get 3 months Free Property Management at Yabonza (https://info.yabonza.com/dashdot) Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com)   About Our Guest: Mark Trowell is the CEO of Yabonza, the fastest growing and most disruptive property management company in Australia. He worked on real estate technology at Macquarie Bank where they find efficiencies to provide a great experience for their clients. From there, he took the leap to start Yabonza.   Connect with us: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  If you need help, hit us up at Dashdot Buyers Agents (https://dashdot.info/application)    If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!  See omnystudio.com/listener for privacy information.

“Get Rich” schemes are risky, but unlocking a life of freedom, choice, and abundance is 100% possible. Find out if you’ve created a safe, robust, profitable, and repeatable portfolio in this episode! We cover some interesting facts learned from following three principles, which we’re breaking down today.  Strap in and learn how to play the long game and achieve low risk, high return success.    In this episode, we cover: The 2 types of people in the market [06:43] The three states of the market [07:52] Real estate opportunities in a buyer’s market [10:07] Stick to your core investing strategy (what to take advantage of) [15:37] The property market isn’t a quick, “get rich” scheme [19:26] The First Principle: Focus on net-positive cash flow [22:31] segmented snippets? The Second Principle: High growth and choosing the right area [31:33] The Third Principle: Have multiple exit strategies (or add value) [37:11] ‘The Holy Trinity’ is a set of principles, not tactics [40:17]   Links from the show: Get 3 months Free Property Management at Yabonza (https://yabonza.com/) Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com)   Connect with us: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  If you need help, hit us up at Dashdot Buyers Agents ( https://dashdot.info/application)   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!  See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com) If you need help, hit us up at Dashdot Buyers Agents ( https://dashdot.info/application)  For easy to read, independent information on the best places to invest in, check out Hotspotting (https://www.hotspotting.com.au/)   News headlines are misleading and dishonest at times, so it’s hard to weed out the actual data on the ground. Without understanding the fundamentals, it’s easy to fall with the herd. Today, Terry Ryder of Hotspotting teaches us how to invest confidently in any economic environment. We unpack a ton of insights about buying properties, locating hotspots, and other valuable information. Look past the headlines and take your property investing to the next step by tuning in now!    Episode Highlights: News headlines are misleading and at times, dishonest [05:48] Fact-based journalism replaced by clickbait, sensational negativity [08:42] Real estate is resilient despite what media says [11:38] Mortgage freezes are not as prevalent [14:57] The simple formula for deciding where to buy properties [20:08] The strong elements of finding a property hotspot [24:47]  Looking at regional areas vs. capital areas [27:08] Infrastructure spending is the clue to finding future hotspots [34:07] A-grade doesn’t mean expensive: Blue chip or blue collar?  [38:27] How Adelaide became the new ‘Silicon Valley of Australia’ [41:44] Will a decentralized workforce drive the decentralized growth of cities? [44:41] Cash flow vs. capital growth in building a property portfolio [47:49] The herd mentality is bad for property investment [51:00] You have to spend money to make money [52:29] Fundamentals of Real Estate don’t change regardless of election outcome [57:54]   About Our Guest: Terry Ryder is one of Australia’s most respected property commentators. Having been in the industry for 35 years, he brings extremely deep insights into how to invest safely in our property market. He’s been successful at looking at facts to identify the best markets to invest in the country regardless of whatever price point or strategy you have.   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au) The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/) Dashdot Buyers Agents Website (https://www.dashdot.com.au/) [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com) Check out our episode with Ben Slater (https://theinvestorlab.com.au/podcast-ep04-the-universal-laws-that-govern-success-and-fulfilment-feat-ben-slater/) Get your FREE copy of The Seed of Life / 6 Pillars Exercise (https://theinvestorlab.com.au/podcast-ep21-the-6-pillars-reset-your-life-every-90-days)   Ideas without action are completely pointless. Entrepreneurs and business owners want to make sure they’re creating measurable pathways to reach their dreams. Today’s episode is all about The Seed of Life/Six Pillars Exercise, a way to analyse yourself in six significant areas of life to make sure you’re systematically moving towards your goals. Prepare to take a deep dive and find out if you’re still focused or if something’s gotten in your path. See you on the inside!   Episode Highlights: The 6 Pillars exercise in business [11:19] How the exercise works [15:07] Analysing your mindset and intellect [18:31] How is your social life? [22:58] Rating your career [35:17] Evaluating your family and relationships [40:07] Assessing your health [48:17] Checking your financial standing [53:37] What the total score means [58:44] The purpose of doing this exercise [1:01:10]     If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com) Check out our episode with Ben Slater (https://theinvestorlab.com.au/podcast-ep04-the-universal-laws-that-govern-success-and-fulfilment-feat-ben-slater/) Get your FREE copy of The Seed of Life / 6 Pillars Exercise (https://theinvestorlab.com.au/podcast-ep21-the-6-pillars-reset-your-life-every-90-days)   Ideas without action are completely pointless. Entrepreneurs and business owners want to make sure they’re creating measurable pathways to reach their dreams. Today’s episode is all about The Seed of Life/Six Pillars Exercise, a way to analyse yourself in six significant areas of life to make sure you’re systematically moving towards your goals.  Prepare to take a deep dive and find out if you’re still focused or if something’s gotten in your path. See you on the inside!   Episode Highlights: The 6 Pillars exercise in business [11:19] How the exercise works [15:07] Analysing your mindset and intellect [18:31] How is your social life? [22:58] Rating your career [35:17] Evaluating your family and relationships [40:07] Assessing your health [48:17] Checking your financial standing [53:37] What the total score means [58:44] The purpose of doing this exercise [1:01:10]   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au)  The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/)  Dashdot Buyers Agents Website (https://www.dashdot.com.au/)  [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com)  Ripehouse Advisory Website (http://www.ripehouseadvisory.com.au)    With the world economy seemingly going under in the midst of the COVID-19 pandemic, lots of everyday investors are having a tougher time knowing which properties to invest in. Today, we’re joined by Jacob Field, Founder & CEO of Ripehouse Advisory. We cover topics such as changes in the Australian property market, the “swarm intelligence” psyche, and their findings from the COVID-19 vs. Australian Property report. There’s a lot to unpack in this episode but everything we speak about is truly valuable, especially in the world today. If you are an investor and need a push in the right direction, you’ve come to the right place.    Episode Highlights: How Jacob got started with property investing [05:40] Is change a good thing when it comes to property investing? [11:33] Metrics in building a good property portfolio [14:54] How can I find out if a place is good for property investing? [21:25] Researching the effects of Coronavirus in the Australian property market [26:26] Cause or Effect: Does “swarm intelligence” dictate which areas are better? [37:04] Findings within the “COVID-19 vs. Australian Property” report [42:35] Looking into areas that are stable for investing in [50:03] Population growth will (probably) soon be out of the equation for investing [51:53] Well-insulated markets are having 5-7% softening in prices [01:01:35] The future of Australian property markets & advice for everyday investors [01:05:40]    About Our Guest: Jacob Field is the Founder and CEO of Ripehouse Advisory. He’s been successfully investing in property since he was a teenager and now owns properties across Australia. In 2011, his passion for property led him to develop the Ripehouse Platform for analysing suburbs and locating spots within them so that interstate investors could acquire a local's understanding. Initially a tool that Jacob used in his own research, it was later refined and redesigned for use by other investors and has evolved to be the incredible tool it is today.   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show!See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au) The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/) Dashdot Buyers Agents Website (https://www.dashdot.com.au/) [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com) Ripehouse Advisory Website (http://www.ripehouseadvisory.com.au) With the world economy seemingly going under in the midst of the COVID-19 pandemic, lots of everyday investors are having a tougher time knowing which properties to invest in. Today, we’re joined by Jacob Field, Founder & CEO of Ripehouse Advisory. We cover topics such as changes in the Australian property market, the “swarm intelligence” psyche, and their findings from the COVID-19 vs. Australian Property report. There’s a lot to unpack in this episode but everything we speak about is truly valuable, especially in the world today. If you are an investor and need a push in the right direction, you’ve come to the right place. Episode Highlights: How Jacob got started with property investing [05:40] Is change a good thing when it comes to property investing? [11:33] Metrics in building a good property portfolio [14:54] How can I find out if a place is good for property investing? [21:25] Researching the effects of Coronavirus in the Australian property market [26:26] Cause or Effect: Does “swarm intelligence” dictate which areas are better? [37:04] Findings within the “COVID-19 vs. Australian Property” report [42:35] Looking into areas that are stable for investing in [50:03] Population growth will (probably) soon be out of the equation for investing [51:53] Well-insulated markets are having 5-7% softening in prices [01:01:35] The future of Australian property markets & advice for everyday investors [01:05:40]   About Our Guest: Jacob Field is the Founder and CEO of Ripehouse Advisory. He’s been successfully investing in property since he was a teenager and now owns properties across Australia. In 2011, his passion for property led him to develop the Ripehouse Platform for analysing suburbs and locating spots within them so that interstate investors could acquire a local's understanding. Initially a tool that Jacob used in his own research, it was later refined and redesigned for use by other investors and has evolved to be the incredible tool it is today. If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show! See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au) The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/) Dashdot Buyers Agents Website (https://www.dashdot.com.au/) [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com) Fun fact: 97% of businesses fail. Of course, that doesn’t mean yours should be part of this metric. Successful investors & entrepreneurs have quite a number of things in common, whether it be their passion for business, their willingness to take calculated risks, being confident in their capabilities or having good management skills. We cover all that (and more) in this episode so stick around! The 8 Traits of Successful Investors and Entrepreneurs: Having shared passion [04:49] The will to take calculated risks where most do not. [10:16] Flexibility: Nothing is linear! [19:13] Resilience - the capacity to bounce back from difficulty [24:23] Having self-confidence & believing in your capacity for success [29:51] Good management skills & being a team player [33:50] Have financial management skills - and no, you don’t have to have a degree. [40:20] GRIT. [42:55]   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show! See omnystudio.com/listener for privacy information.

Resource Links: The Investor Lab Website (https://theinvestorlab.com.au) The Investor Lab on Facebook (https://www.facebook.com/groups/theinvestorlab/) Dashdot Buyers Agents Website (https://www.dashdot.com.au/) [FREE BOOK] Limitless: The Renegade’s Guide to Building Wealth Through Property (https://www.renegadespropertybook.com)   The world is changing everyday, and with the current pandemic affecting almost every industry - including property investment - lots of people are either panicking, unsure of what to do next, or just worried overall. In today’s episode, we discuss questions like, “How will unemployment affect my property”, and, “Are we going to see hyperinflation?”. We also discuss what areas are most affected, if property prices are going to crash or boom, and what metrics to watch out for to have a recession-proof property portfolio. This episode is a bit above an hour, but it’s full of insights and information you would benefit from knowing. Episode Highlights: A discussion on unemployment [06:42] How will rising unemployment affect my property? [11:10] Today’s economy and the 1990’s recession [23:40] Will the property market crash in the midst of unemployment woes? [29:05] Access to money is a bigger indicator of market status than GDP & unemployment [32:21] Inflation & Hyperinflation [35:06] Is global digital currency just around the corner? [38:34] Printing more money does not always result in inflation [47:44] What happens if the dollar value declines and fluctuates? [49:49] Metrics property owners & buyers can look into to prepare for the future [58:05] What properties are experiencing rental declines and which are thriving? [1:03:24] What should we do now? [1:06:11]   If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast with others you know will benefit from the show! See omnystudio.com/listener for privacy information.