In this week's episode, Sammy Gordon is joined in the studio by his co-host Jimmy Ibrahim and APS Strategist Luke Teeuwsen. The boys are in the studio discussing why so many investors get stuck at 1 or 2 properties into their investing journey. They delve into the common reasons including lack of strategy, viewing more expensive properties as superior and therefore maxing out borrowing power, and being lured into properties that would be eligible for government grants. The most important way to avoid falling into this trap is to surround...
In this week's episode, Sammy Gordon is joined in the studio by his co-host Jimmy Ibrahim and APS Strategist Luke Teeuwsen. The boys are in the studio discussing why so many investors get stuck at 1 or 2 properties into their investing journey. They delve into the common reasons including lack of strategy, viewing more expensive properties as superior and therefore maxing out borrowing power, and being lured into properties that would be eligible for government grants. The most important way to avoid falling into this trap is to surround yourself with the correct team to avoid making mistakes and becoming stuck; along with sticking to the strategy through the tough times to achieve your property investing goals.
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Chapters:
(0:00) Introduction
(05:01) What took Jimmy so long to buy his 2nd property?
(08:28) Is a more expensive property a better investment?
(14:10) Exemptions and grants vs buying an existing propertyÂ
(23:01) Why maxing out your serviceability will stop you
(28:27) The importance of having a great team around you
(33:23) Is believing the strategy half the battle?
(39:12) The longer you go it the easier it gets
(43:12) Delayed gratification is all about giving you a better future
(46:47) It’s not always a golden goose
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