Q&A: 1) Discounted Property Vs Capital Growth? 2) Are Financial Planners Worth It?

In this episode, I first answer whether it’s a better strategy to buy a discounted property in a bad area or prioritise capital growth in a good area. I talk about the importance of adopting a long term mindset and prioritising positive growth. In the second half of the episode, I discuss three ways to start your property investment journey and why a financial planner isn’t necessarily one of them. This answer goes through ways to successfully start and grow a property portfolio, without wasting money on advice you don’t need.    Discussion Points: 00:00 Introduction 3:09: Q&A #1: Buying A Discounted Property In A Bad Area VS Capital Growth In A Good Area? 5:49: Adopting a long term mindset  9:16: Prioritise growth  10:24: Average vendor discounting 13:35: Q&A #2: How To Start Investing In Property And Why You Don't Need A Financial Planner? 16:01: What is a financial planner and is one necessary?  18:12: Developing a long term strategy 19:45: Develop a short term strategy  22:42: Suburb selection 25:51: Educate yourself before seeking help 27:20: Conclusion      About The Host: Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music.  PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time.    Resources:          Watch FREE Trainings On Our Website  👉 https://consultingbypk.com.au/         Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors  👉  https://www.facebook.com/groups/passiveincomethroughproperty Watch No Nonsense Property Market Insights On Our YouTube Channel  👉https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta     Disclaimer: No Legal, Financial & Taxation Advice The Listener, Reader or Viewer acknowledges and agrees that: Any information provided by us is provided as general information and for general information purposes only; We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances; We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.  See omnystudio.com/listener for privacy information.

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