Valuation yep the biggest risks wheninvesting in property and we Property valuers suburbs wanted thisto be a takeaway for a run where theycan pretty much stuff from white out andwe'll go right down to our number onerisk or yeah number one is it's justwe'll build it up to the point wherethis is the one that everyone faces themonth yeah and so stick around for thatfolks to see what what we're talkingabout in the podcast but might kick itoff here so we've organized our listingto the boring but important and by thatwe mean we're going to start off withthe macro ones so the big ones and we'reso we're talking about Jenor market and economic risk so these arethe things that are sometimes outside ofour control in regards to we you know wedon't make up the economy as anindividual that's an investor we're notresponsible for the broader economy butthere is absolutely big risk here sothings like buying in a market placewhere there's economic risk or economicdownturn or the overall general economyin that particular.
Australia I was getting pitched bythese gurus for ten fifteen twentythousand bucks for mentorship stuff thatI wow this is okay it's a little bit ofmoney when I first moved to the UnitedStates all that information that theywere pitching to me like you knowcreative financing and how to choose amarket and blah blah blah was readilyavailable for free and what I one of thebooks i really liked from from justunderstanding how everything worked andfinding ideal was the book flip FL IPwith a green cover it just held it justbroke it down for me in terms okay howdo I choose the neighborhood how do Ichoose you know what's a bird dog how doI get yellow letters and that they'rethe sort of stuff that regardless ofyour own single-family or you're inmultifamily. finding an off-market dealwas justit's its key and that was a littlelittle another little book that I've gota lot of a lot of value out of do youknow you know about that one never heardof it but just wrote it down it's gonnacheck it out and get the library overthere so what's been your best deal andwhy the best deal and why wouldobviously be my first still leave it wasdid you duplex upset me one it's justgetting getting getting the first oneover the line was really was really agoal that I'd set myself and I servesome mini goals to get there I wanted toget a duplex done by the end of I thinkit was the end of two thousand no middleof so I needed to have visited themarket three or four times I needed tohave interviewed a couple of propertymanagers I needed to interviewed acouple of Realtors and just get my feelfor the boots on the ground and becauseit was it within driving distance of NewYork. City I could get up there a fewweekends between you know when I wasworking so those little mini girls helpme got to the point of having my firstduplex and that was you know reallyreally important for me yeah and we'respeaking to Jay Scott last week and hewas making the point that he's never metand invested it's only done one dealneither said on the sidelines and donenothing or they've done multiple dealsso you want to know you've done dealsmuch larger than that duplex in Syracusethat enabled you gave you thecredibility to roll up into what you'redoing now so that's that's very veryimportant and not necessarily iscredibility but the mindset of I can dothis yeah I've moved across the worldyou know and I all you listening totheir I can move from Australia have ajob I didn't even have a job and i wentto new york city i found one and thenstart buying real estate because i justknew that it was going to eventually beable to get me out of the rat race thatwas my major goal okay it would Read More : www.valsqld.com.au
With 50 megabytes of disk space, support
for Java Servlets, JSP, PHP, perl, MySQL Database access and more! This is a great way to get your website hosted for Only $20
per month with no setup fee!