EPISODE · Oct 27, 2022 · 46 MIN
Making Educated Decisions When Buying Property with Lloyd Edge
from The Few Leaders
Highlights From Today’s Episode:There is no instant gratification when it comes to investingHot tips regarding volatility and the current marketInterest rates - what to be cautious of regarding serviceability + buying your own homeRentvestingGenerational mindset shifts (now vs our grandparents)What is the right amount to borrow?The critical need to make educated decisions when buying property Lloyd’s key learnings from his property journey Having a fulltime job or owning one business is not job security - why investing is the key to true freedom Comparable sales for renovated properties and non-renovated propertiesThe power of researchThe power of mentorship How to build a portfolio without overextending yourselfGrowth mindset vs fixed mindsetImportance of not stopping when you get it wrongGood debt vs bad debthttps://www.auspropertyprofessionals.com.au/about-us/our-team/https://www.facebook.com/lloyd.edge.3https://www.linkedin.com/in/lloyd-edge-b417a399/?originalSubdomain=auhttps://www.instagram.com/auspropertyprofessionals/ Support the Podcast:If this episode meant something to you, please consider subscribing and reviewing the show. It helps more leaders and future leaders discover these stories.And if someone comes to mind while you’re listening, send it their way. A small share can go a long way.
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What this episode covers
The gap between where you are now and your financial freedom is closed through education, mentorship and application. As an entrepreneur, we often find ourselves overwhelmed and overworked trying to make ends meet. We get stuck working in the business instead of on it, and are left wondering why the dream of financial freedom still seems so far away. If you’re chasing your tail trying to understand the steps involved in creating freedom through growing a strong investment portfolio, now is your chance to learn everything you need to know. When done right, property investment is an incredibly lucrative way to create freedom for yourself and your family, when done wrong (i.e. via a lack of research and understanding of the current market and the data around what makes a solid investment) investing in property can cost you hundreds of thousands of dollars. In this episode of The Few Podcast, Sean and Boo sit down with Lloyd Edge, one of Australia's best known buyer's agents and property investors. Lloyd is the author of the best-selling books Positively Geared (winner of the Australian Business Book Awards (ABBA) in 2020) and Buy Now. In this episode you’ll hear how Lloyd built his own multi-million dollar property investment portfolio and about the mistakes he made along the way, giving you insight into what to avoid when getting started and how to progress when feeling stuck. Lloyd talks about the power of education when it comes to the property market and the critical need to understand the data around any type of property you’re considering purchasing. Lloyd also talks about the importance of not stopping when you get it wrong, and proves that anyone with the right mindset can build their dream portfolio and create true financial freedom. If you’ve got questions around when is the right time to buy, how much is the right amount to borrow and what boxes you should tick before signing the dotted line, this podcast is for you. Listen to the full show here.
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Making Educated Decisions When Buying Property with Lloyd Edge
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