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Canna Campbell

πŸ‘€ Speaker
1676 total appearances
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Podcast Appearances

FEAR & GREED | Business News
Property investing for passive income

And you might get there and go, oh my goodness, there's no way I want that responsibility or that's going to dent my cash flow too much or I can't maintain any type of lifestyle with that responsibility.

FEAR & GREED | Business News
Property investing for passive income

Having that's really important because then you go, okay, I need to either save more or I need to, you know, maybe the goal of buying property to delay it or extend it a little bit.

FEAR & GREED | Business News
Property investing for passive income

So that's really important.

FEAR & GREED | Business News
Property investing for passive income

And of course, doing your research.

FEAR & GREED | Business News
Property investing for passive income

You make so much of your money when you buy, particularly with property.

FEAR & GREED | Business News
Property investing for passive income

You know, because if you can buy well, of course, then that growth there is going to be a lot sooner for you.

FEAR & GREED | Business News
Property investing for passive income

So getting to know the real estate agents in the area that you want to buy.

FEAR & GREED | Business News
Property investing for passive income

Asking them, you know, particularly if this is for an investment purpose, ask them what a renter's wanting.

FEAR & GREED | Business News
Property investing for passive income

Do they want, you know, a bathtub because a lot of young families, you know, are renting these types of properties?

FEAR & GREED | Business News
Property investing for passive income

Or is it a lot of sort of elderly people that want, say, a level floor, no steps?

FEAR & GREED | Business News
Property investing for passive income

Or they need the importance of a lift?

FEAR & GREED | Business News
Property investing for passive income

If you're going to be buying property, residential property, you've got to think of it as a business.

FEAR & GREED | Business News
Property investing for passive income

Yes, you're an investor, but this is also a business.

FEAR & GREED | Business News
Property investing for passive income

You're creating a product, a product to house people.

FEAR & GREED | Business News
Property investing for passive income

So what do my dream tenants look like?

FEAR & GREED | Business News
Property investing for passive income

What do they want?

FEAR & GREED | Business News
Property investing for passive income

Because if you can create something that's in demand, obviously that's going to mean the property's rented out on a regular basis.

FEAR & GREED | Business News
Property investing for passive income

You've got strong rentals coming in.

FEAR & GREED | Business News
Property investing for passive income

Obviously you can put the rent out when appropriate, of course.

FEAR & GREED | Business News
Property investing for passive income

And it's going to obviously increase in value.