Q&A #22: Local Market Investing, Rentvesting Breakdown and Selling Strategy – Rookie Errors That’ll Cost You Big!

In this Q&A episode, Sammy Gordon and Jimmy Ibrahim dive into a range of listener questions covering crucial topics for property investors - from navigating agent commission structures, to making their own insurance claims and identifying promising local markets for investment. The duo tackles real scenarios like balancing lifestyle with ambitious portfolio goals, motivating agents to sell without giving "fire sale vibes", and whether teaming up with mates is a smart way to break into the market. With honest insights and practical tips, this episode is packed with advice and stories for anyone serious about property investment, whether you're just getting started or scaling up.

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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.

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Chapters:

(00:01:30) Welcome
(00:02:43) The truth about agent commissions
(00:06:41) Insurance claims vs premiums
(00:08:45) Is your local market actually worth investing in?
(00:11:02) Rentvesting dilemma: PPOR or portfolio growth?
(00:17:21) Managing big portfolio bills
(00:19:50) How much cash do you really need for your first deal?
(00:21:10) Investing with friends – smart move or disaster?
(00:24:58) The sneaky trick to get your agent selling faster
(00:28:57) What renos are worth it before selling?
(00:32:39) Sam’s upcoming debate 👀