Investment Property Investor
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What is the main focus of this podcast episode?
It's the Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia. And welcome to another episode of the Real Estate Podcast, available on iHeartRadio, also on Spotify and Apple Podcasts, or wherever you get your podcast from. It's a Wednesday, the 6th of April, and coming up, we're going to be talking to a first-time property investor and finding out where they bought the type of property that they bought, the yield return, the rental, and also whether the investor is likely to invest again and buy another property. But first, let's have a look at today's weather forecast. It's the main centre forecast with propertybuyer.com.au. And for Sydney, expecting a few showers today.
23 degrees. Melbourne, cloudy with 21. Brisbane, partly cloudy with 28. And in Perth, expecting a sunny day with a high of 29 degrees. We feature market updates, interviews and trends. It's your real estate podcast for breakfast. Well, something that I watched last night from the war in the Ukraine was a story about two primary school teachers from Mariupol. Now, before the war broke out back in January, a journalist went to Mariupol where they spent time filming with two school teachers at a local school in the east of the city.
What motivated the guest to invest in property?
Since then, as we have horrifically seen, Mariupol has been reduced to ruins, destroyed by Russian bombs. But what has happened to the two teachers? Well, the journalist set out to answer that question, and I'm going to leave the video link in the show notes so that you can watch it, which left its mark on me. It's definitely worth a watch this morning. across every state, city and town of Australia, The Real Estate Podcast. And this morning, we are looking at how to invest and buy an investment property through the eyes of a first-time investor, Mohamed Radwan, who did the numbers and the calculations and bought in a suburb on the Gold Coast. And a very good morning to you, Mohamed. Hey, good morning.
I should start off by saying a lot of people can procrastinate, can't they? And some never end up buying in terms of an investment property, while others will get one and suddenly they've got four investment properties. So Mohamed, perhaps firstly, tell us a little bit about what led you on this path to wanting to buy an investment property in the first place.
Um, I'm an accountant and, uh, I, I kind of have a division in my firm that, uh, specialize in advising, uh, investment property owners on their tax consequence of buying and selling a property. Um, so I deal with lots of property investors and I felt I always advise them about the tax side of property, but I never actually had my own feeling of buying a property. And I can see lots of clients done well of buying properties. Myself, I've been so busy focusing on the business and so busy with life and family that I never had the time to actually start looking at investing.
How did the guest determine their investment budget?
And yeah, that's how it started. I just started looking at clients and I decided, oh, if I'm advising all these investment property owners on tax side of buying a property, then I need to have a property myself. I need to start pushing myself into the investment property game, I guess.
Yeah.
That's quite interesting. So in other words, you've really been getting an education through the clients that you've been advising and seeing those numbers, of course, and saying, well, I've got to get in on this. Exactly.
I have to get in before I miss out.
You know what they call that. It's called FOMO.
Yep, exactly. Especially being an accountant, we tend to be very conservative people. We calculate everything. We try not to take too much risk. We are an accountant.
What criteria did the guest use to select their investment location?
That's the reality. So seeing all these clients, how they've done well out of properties, how they've been really adding all the numbers. And as I said, I get the education out of clients, which is true.
And there are a multitude of areas on the Gold Coast. I mean, a lot of people don't realise just how spread out the Gold Coast is because most interstate buyers, they've kind of got this perception of what the Gold Coast is when they go on holiday, when in fact, the reality is very, very different.
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Chapters
8 chapters
1
What is the main focus of this podcast episode?
0:02–1:31
2
What motivated the guest to invest in property?
1:31–3:29
3
How did the guest determine their investment budget?
3:29–4:18
4
What criteria did the guest use to select their investment location?
4:18–5:33
5
How did rental yields influence the guest's investment decision?
5:33–7:04
6
What property did the guest ultimately purchase?
7:04–8:52
7
How did the guest evaluate the condition of the property and its tenant?
8:52–9:31
8
What are the guest's future investment plans?
9:31–13:21
Speakers
2 identifiedMore from Aussie Real Estate Podcast
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