Cate Bakos
speaker
83 appearances
1 recordings
1 series
first heard Feb 2022
last heard Feb 2022
Cate Bakos’s voice in public audio — every appearance, attributed to the second.
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Appearances
So it's a very emotionally driven approach and people really have to tap into what they want.
Be prepared to do a little bit of feasibility analysis.
So have a look at some recently sold properties and just be really certain that you're circling the right areas with the budget that you've got in mind.
And so the investor brief, full of emotion, and sometimes it requires compromise.
Whereas the investment approach, it shouldn't be compromise.
It should be all about the numbers.
So you know what sort of budget you're working to, you know what sort of performance you want out of the asset, whether it's capital growth or lots of rental return and not so much capital growth or something in between.
You also have to take into account the vacancy rates and
And what sort of tenants you're getting in the area and what the common tenant tenure periods are.
So it's a very numbers driven approach.
And as soon as an investor is putting on any kind of emotional hat and looking at the property with stars in their eyes, they're probably starting to make mistakes without even knowing it.
So that's the difference between setting your strategy.
If it's investment, it can't be emotional.
It has to be very pragmatic.
It is indeed.
It's a common issue that I see out there.
It is indeed.
And you mentioned that it's critical to having success.
Sometimes it's critical to knowing where to stop and having no regret.
You don't always have success with what you consider is the right budget.
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