Stop Taking Property Tips From Your Mate

We map out what we would do if we were buying our first investment property in Perth tomorrow, starting from zero and building a plan that actually fits your numbers. We talk strategy, suburb selection, and the behind-the-scenes checks that protect your cash flow and your long-term goals. 
• speaking to a mortgage broker first to confirm borrowing capacity, deposit rules and loan options 
• understanding how rental income affects serviceability and future borrowing 
• choosing an investment strategy before suburb research 
• avoiding mate advice and outdated suburb narratives 
• weighing cash flow against capital growth based on your life plan 
• using suburb data tools to shortlist areas that match your budget 
• leaning on property managers for tenant demand, features that rent fast and real vacancy signals 
• treating location as the non negotiable and checking street level risks like housing clusters 
Please go speak to your mortgage broker. 
Please don’t copy your mate. 

Transcript

Buying A First Perth Investment

SPEAKER_00 0:00

Today we are talking about what we would do if we were buying our first investment property in Perth tomorrow. So we are talking to investors that are starting from scratch or thinking that they might like to buy a property and where you would actually start. And there's actually lots to this, but I will I was actually I'll

Mortgage Broker Sets Your Budget

SPEAKER_00 0:24

start off. The first thing I would probably do is say that you would want to speak to your mortgage broker to find out what your capacity is to borrow. And your mortgage broker will be able to let you know how much you can borrow and also what you need to have saved and what options are available. That would probably be the best place to start, wouldn't it?

SPEAKER_01 0:47

Yeah, that would be step one for sure. Yep. Can't really move past without that. Yeah.

SPEAKER_00 0:52

No point looking at properties for 800,000 when you can only spend three. So yeah, that would definitely be the first step. And mortgage brokers are generally free to use. So if you have someone that you have used, if you haven't, then just reach out. But they can actually talk through with you the benefits of loans for investing and versus first home buyer, because it could also be a situation where you might want to live in it or live in it first and then rent it out. There's lots of different schemes that the mortgage brokers can speak to you about. What I would say as well is that when you are renting out your property and you're buying it as an investment, your mortgage broker will be able to let you know as well what sort of rent return you need to get on the property because they add that to the capacity of what you can borrow as well. So there's a couple of different factors there. And there's also a, I think, a couple of factors in regards to your savings. And you'd have to speak to the mortgage broker because I don't know and I don't want to give advice on this, but it might be that you've been given $50,000 as a gift by parents. If you have been, then there might be a time that you have a time frame that has to be sitting in your account for before it can be classed as genuine savings. And then there might be a situation where you're wanting a parent to go guarantor with you, and there might be things that you need to take into consideration as well. So just a few moving parts, but the mortgage broker is that first person to speak to. What would your second point of call be once you've got your budget and let's say you've got your savings, you're going to spend $700,000, I've got approval for $700,000. What would your next step be?

Research And Define Your Purpose

SPEAKER_01 2:37

My next step would be research. So we see this quite often where people like to just copy what their friends have done. So if you have family or friends that have investment properties, you typically look at the same areas, but they might have purchased three years ago, and that area might now look completely different for you. So there's so many free resources out there, so many education pieces. You've got places like TikTok and YouTube where people have entire series on what to look for, how to find it, things like that. Those are all free. You then got some great paid options. So Suburbs Finder is a software that we have in our office, and that allows us to actually pull things like a suburb intelligence report. So it gives us a deep dive on how the suburb has performed in the last few years, what we can expect to see in the next future years coming as well. We can pull things like a heat map and have a look at what areas are going to align with your specific investment strategy. So yeah, it would be picking up picking your investment strategy before you start the research, but I guess they go hand in hand. Are you investing so that you can then have this property in the future for your kids to move into do you want to focus on your cash flow? What is the purpose of this and finding out what your purpose will then, what your purpose is will then drive how you do your research?

SPEAKER_00 3:54

Yeah, because I think that's you've got you you might be an investor that is buying it for that capital growth because that's going to be the next step in your journey. But when someone's buying a property because they just want something as an investment now and they want to have it as security for their children when their children are in their 20s, for example, there's a different mindset that comes with that because what I find is that one becomes more intentional and the other one is a little bit more flexible. Because if I was buying something for my children, I wouldn't be as worried about, it's not that I wouldn't be worried about price, but I'm going to be more focused on location where I want them to live. And also I'm probably in a position to offer a little bit more money because I'm holding on to it long term. And I, you know, it's a very long game where if you are an intentional investor and are purely buying it for financial reasons, you need to make sure those numbers work. Because if they don't work, you don't want to be overpaying for it. And you yeah, you want them to work because it's a business decision and there's no emotion in that as well. Like Marissa said, something that a lot of investors do is the advice they get from the mate, which we just like can't at the park. Oh my god.

SPEAKER_01 5:16

I did this five years ago and it worked for me, so you should give it a shot.

SPEAKER_00 5:19

Seriously, I know. And and it's a real big problem to do it. And the truth is, as well, in Perth, is that everyone who purchased four years ago have all done incredibly well. I think we're seeing on Suburbs Finder the growth for a lot most or a lot of the suburbs is sitting between 75 and 95%.

SPEAKER_01 5:36

Yeah, it's insane.

SPEAKER_00 5:36

It's insane. It's not that your mate bore, your mate bought really. Yeah.

SPEAKER_01 5:41

They just bought they would have bought anything and it would have done well.

SPEAKER_00 5:44

Yeah, correct. And so what I and what's really interesting about research and location, regardless of where you're buying in Australia, is that because if you're intentional and you're buying it for financial purposes, some of the areas, you might question a little bit, because I don't know if I would live there, but does it make a good investment property?

SPEAKER_01 6:06

Yeah,

Armadale Reputation Versus Real Data

SPEAKER_01 6:07

and that definitely affects your decision.

SPEAKER_00 6:09

Yeah. There are places that would make a great investment property, but I don't want my children living there.

SPEAKER_01 6:13

I know exactly which suburbs you're thinking of right now.

SPEAKER_00 6:16

And it was funny because I remember when we had all like the Sydney ciders and Melbourne people calling up and buying properties in Perth, and they would be like, this is very early on, I don't have the same opinion now, but back then they were like, but Ash, it's like close to the beach and it's only 40 minutes from the city and saying all this stuff, and I was like, I know it sounds good on paper, doesn't it? But and the way, probably inappropriate, but the way that I would I always word it to them was to say, listen, put it this way: if I was single and on Tinder, would I disclose my address of where I lived? I said, and the answer's no. And they're like, okay, got it. And it was like, that was the best way I could describe the reputation. Is this that wouldn't be pride telling people? I wouldn't be prideelling, no, it wouldn't attract the people that I wanted to. But saying that, they've performed so well. So that that comes down to then really that personal and professional opinion. And this is one of the pet hates that I have in these Facebook groups, the property forums, which are they're great, they hold a purpose and serve a purpose, but people have a personal opinion. And I'm gonna throw it out and say Armadale is one that people call Armourhole and what else they call it? The Bronx. The Bronx. And sure, have a personal opinion on it. That's absolutely fine. But professionally, I can tell you, I would actually, I would probably say it's one of my favorite locations in terms of portfolios inside our business. I really like it performs quite well.

SPEAKER_01 7:40

It performs well.

SPEAKER_00 7:45

Absolutely. And do you know what I love about it as well is that the way that I describe it is in terms of all the areas, is that there are areas that are areas where it's a high percentage of people and benefits. And then you have areas like Armadale that I would probably refer to more as a low-income area, like not all of it, but just if I was going to be very general. So it's a low-income area. And then you have middle income and you have high income areas. I'm seeing a vast difference in areas that are mainly people on benefits versus low income. Low income, I'm finding that our tenancies, they're hard workers, they actually deal with maintenance if they can because they're more in that labouring type role. Good, decent people, pay their rent first, might live off Vegemite sandwiches if they have to that week. If they have no shower for the day, it's not a big drama. They're not asking you to get a hotel room. You know what I mean? Because they're without a shower. Like really, I just I there's just something about Armadal, and I guess that's what I'm getting at is that people have a personal opinion on it, but professionally, it's yeah, it tells a different story. It tells a different story. So this is where when you're talking about research, finding out using property managers in the area for your research would be such an important part because that story that I just shared, while yes, it's a go on social media, I probably wouldn't actually do a post about it. And I wouldn't say it on a post because I'd get slammed. But you call me up on the phone and I'll give you all the details. I'll give you on that's right. And so that is really where having relationships with property managers are really good. If you have a budget, I think the Suburbs Finder, which is a fantastic program that we use, that will probably tell you where roughly you will find the most devaluable properties inside your budget.

SPEAKER_01 9:39

Yeah.

SPEAKER_00 9:39

So that will give you some guide, wouldn't it?

SPEAKER_01 9:41

Yeah, it gives it takes a lot of the behind-the-scenes research out of it because it pulls it all for you and it does it quickly as well. Yeah. So it just makes sure that if you're starting to research into areas, you're not having to do all the manual work, but also make sure that you're not wasting any time. You could be searching in a suburb that you think looks great, you find something you love, you think it's gonna work, and then you run the numbers and it's been a waste of your time. So it just makes sure that you're focusing in the right areas to start with.

Suburb Shortlist And Property Types

SPEAKER_01 10:08

Yeah. So I want to ask you if you were looking right now, what suburbs other than Armadale, maybe, would you be looking in and why?

SPEAKER_00 10:15

So I would use suburbs finder and I would find an area where it's had the 50 to 70% growth. That would probably be my target, which is still high, but it's lower than the 75 to 95% growth. So anywhere between 50 and 60, well, sorry, 50 and 70% growth in the last three years would be on my radar. I actually really love more diverse areas. So I find that Huntingdale and Thornley are two of my, they've always been a bit of a favourite for me. And I like it because they are diverse. We've got cheap properties there, we've got expensive properties there, we've got low-income earners, we've got high-income earners, we've got properties that are maybe not 500,000 now, but a big range, properties that are in their millions, and then properties that are 600,000. So I love the diversity of suburbs like that. However, for me in my investment journey, I would, I've got children that are in their teens in their teens. So I'm more thinking about their future. And I would probably, for me, truly, I would be buying a villa in Chewett Hill, June Dana, Osbourne Park, and central to the to the city, or more central to the city, they would be my hotspots. Only because for me, they would have the cash flow because two-bedroom units and villas, the cash flow's there.

SPEAKER_01 11:34

And they're so in demand as well. So in demand. When we look at what properties we have available and what's leasing quickly and what's taking longer now, we've seen a big shift in the last six months. And it's those, and that's mainly because they're still affordable to rent. So it's those two-bedroom inner city units that are getting snapped up straight away. It's now the houses that are taking a little bit longer to rent.

SPEAKER_00 11:55

Yeah, and I think where the difference would be is that if I was looking for something with long-term growth capital growth, I would probably be more likely to do that land in Huntingdale or Thornley, I think, or even maybe the high Wickham and going a little bit more east with being close to the airport. But because I don't necessarily want the capital growth because it's for the children, so I would just like it to cover its cost or to have good cash flow, then that would that's why I'm choosing those fillers, because that's what I would want for my kids. And the cash flow is important for me because if the kids choose not to live in it as I get older for retirement, I I want the cash flow, not the capital growth, because I would only probably sell them when I die, and I'm not going to get the benefit of the capital growth. But that just goes to show that everyone's investment journey is a little bit different. And

Portfolio Plan And Value Add

SPEAKER_00 12:49

I think that what's a really interesting question with when if you're buying your first investment property, I would be more curious to know what your next plan is. Because if your plan was that you want to buy three or have a portfolio of three to five properties, I think the first one is going to be really important because, and this is going to depend on your current situation with your salary and your working situation. And another disclaimer, this is not financial advice. Please go speak to your mortgage broker. But I would say that the if you are actually, yeah, really speak to your mortgage broker when I give when I say this is just a personal opinion. But if you are in a low income, for example, but you've got savings and you can buy a property, it might be more beneficial for you to consider buying a high cash flow to increase your borrowing capacity to get your next one. Or sometimes buying a property that's going to give you more capital growth quickly is what you need to do the next step. And having a property that has opportunity. So having a property that has opportunity for me looks like generally a three by one on a block of land that is perfect to rent out as is, not renovated yet, but just a good, solid, basic home that can be rented out as is for another five years, but where it's got opportunity. So opportunity to renovate and make money, opportunity to add value to the house, add rooms, add patio, etc. Add value in some way so that you're not just relying on the market going up. You also, if the market turns, you can do something to the property to get your money back or to make some money on it. So that was what a property with opportunity looks like. So what would be a really interesting exercise when speaking to a mortgage broker is to look at two case studies. What if my plan is that I want to buy two properties in the next two years? Should I buy a villa with a high return, but probably not going to have the quick capital growth, what would that look like? And then my second purchase being that house? Or would my borrowing capacity and my ability to buy that second property be easier if I bought the house first for the capital growth and then the high income? But I think it depends on you, put like people personally on.

SPEAKER_01 15:12

It all comes down to your strategy. Yeah. Don't just buy the first thing that you see that comes along and then guess from there. Like you need to run the numbers at the start and figure out what is my five-year plan, my 10-year plan. In 30 years, where do I want to be with this property and this portfolio? How do I want to see this play out? Because that's how you make sure that you've got everything set up correctly with your mortgage broker, with purchasing the right property from the very beginning.

Holding Mindset Plus Strata Warning

SPEAKER_00 15:40

Do you ever want to buy an investment property?

SPEAKER_01 15:42

Yeah. I'll probably I live in my own property now and I'll probably rent that out within the next five years.

SPEAKER_00 15:47

Okay.

SPEAKER_01 15:47

Yeah. I'm just waiting for things to maybe calm down a little bit.

SPEAKER_00 15:51

Would you buy something in a different area? Or like for you in your personal situation, do you be moving for something because you're already in a four by two, aren't you? Three by two. Three by two. And it's just you and your partner. So it's are you wanting a four by two or a different area? Or yeah, what is it?

SPEAKER_01 16:10

Ideally, a four by two. I love the area. Move a bit closer to the city, I would, but I've been keeping an eye. I just redid my mortgage and I had the property valued and I bought it in 2021. And I'm I built it in 2021 and I'm quite happy with where it's sitting right now. Honestly, I joked to my mum yesterday that I was going to move home and rent this out now. Yes, yeah, absolutely. Or sell it. Yeah. Yeah, so definitely is the plan, but I'm waiting for a couple of years to just sit on it. But my priority would be a bigger property rather than moving closer to the city.

SPEAKER_00 16:38

Okay. And then you're in your mind, and it's just good to hear because like we're at different stages of our lives, but when you do that, are you ideally looking for the rent to cover the mortgage? Is there like when you're trying, I know yes, you're waiting for maybe things to calm down and you've got other stuff going on, but would a factor being making sure that the rent covers the mortgage, or is that not something you're thinking about?

SPEAKER_01 17:02

That is something I would want. Yeah. So even recently I was looking at it and thinking, I've been there for a few years now, do I have enough equity in this house to purchase my second property now? But when I ran the numbers, I think it would be quite tight for having that rent to cover my mortgage. If I did the numbers a little bit, I'm not gonna lie, ChatGPT did help me. I'll admit that. Don't tell Diana. And it just was gonna be cutting it a little bit fine. But ideally that would be my first strategy. Yeah. Yeah. But I'm I guess I've been raised with the mindset of once you buy something, you sit with it and you hold it. Yes. Property, in at least from the experience I've had around me growing up of property investors, yeah. Their strategy has always been you buy it and you hold it for life, pretty much. And I've seen the way that that has benefited benefited them. So that's how I'm going into it as well.

SPEAKER_00 17:50

We've only ever regretted selling as opposed to ever regretted buying. Exactly. Yeah. And I'm sure everyone listening is imagine if I kept my first property that I ever bought. Imagine what I could do with all that money now if I sold it. But you do the best with what you've got at the time. And I was in a situation I could stretch myself a little bit more. And to be honest, all of my purchases, like there's been one, two, three, four, four purchases that I've had like principal living in. And all of them great homes, and they always stepping, stepping blocks to get to the next stage. But yeah, I do think to myself, imagine if I held on to them and just yeah, just push that a little bit more.

SPEAKER_01 18:30

Would you ever buy an apartment in a strata complex?

SPEAKER_00 18:34

Hell no.

SPEAKER_01 18:35

Yeah, I'm the same.

SPEAKER_00 18:37

Nah. I would rent one. I would absolutely rent one for all the facilities. But no, I've just seen too many shitty strata levies come through and problems and stratas. I think renting, like Civic Heart in South Perth.

SPEAKER_01 18:50

Oh, I'd love to live there.

SPEAKER_00 18:51

Happy to pay a thousand dollars a week to rent there and rent out my place. But yeah, I feel like apartments are like a real seasonal thing. Like it's something that like it's a season of your life. I want to live in an apartment for a year or two years. But then I think the novelty would be it would wear off pretty quick. I think so as well. I wouldn't want to commit to my commit to it, that's for sure. So, like with your investment journey then, so if you've been brought up with that, you wouldn't sell. So it wouldn't be like if you were to think about what the second stage would be. So first stage would be to buy a bigger home and rent that one out, would it be that you want to eventually then maybe sell the original house to pay off the big house, like eventually, or that's not no, not really.

SPEAKER_01 19:36

I I think as long as I've got things set up correctly, and that's why I do have good advice around me, and I speak. I'm lucky that Diana is my mortgage broker, so she's in the office with me every day. I ask her questions all the time. But I think if you've got everything set up correctly, ideally, I would just want to continue growing that portfolio. To me, paying off the house isn't the priority. Yeah, it's building up that portfolio and making sure that I can get that cash flow through in the future.

SPEAKER_00 20:00

Yeah. So cash flow more important than equity, you'd say at the moment. Yeah, or eventually anyway. Yeah. It's such a personal journey, isn't it?

SPEAKER_01 20:09

Yeah.

SPEAKER_00 20:09

Everyone's so different. But I think yeah, knowing what that next stage would look like is and you're very intentional with what your reasons are, and I would be very intentional with what my reasons are, and they're not based on just buying it because everyone says it's a good time to buy. There's a strategic plan to it.

SPEAKER_01 20:27

Not that right now is the best time to buy for some areas. At least I'll just my little input here is I'm at the age now where most of my friends are trying to buy their first place to move into. So no one's at the point yet of purchasing investment properties. They're in their late 20s and they're still living at home because they can't find a place to purchase, and then now they're all deciding to build, which is I'm very proud of this. I did I chose to do this four years ago, six years ago almost. And so now where I built at the time felt really far away. And I was thinking, oh my god, I'm moving so far away from everything, and am I gonna regret this? And then now here I am further down the track. Everyone that didn't build at the time and didn't buy is now having to build even further down the freeway than I did, and they're paying more than double to build the same size house on the same size block.

SPEAKER_00 21:18

Yeah. People just sit on things for too long, don't they? And they just don't move. And it is, yeah, I can see that being a huge and and to be honest, investing is just gonna be completely, I would imagine, out of reach.

SPEAKER_01 21:30

Yeah.

SPEAKER_00 21:30

For friends of similar your age, yeah, big issue.

Location Rules And Street Checks

SPEAKER_00 21:34

Who on we've talked about who would be the first person on your team. Your first person's gonna be your mortgage broker for sure. What would you not compromise on when buying an investment property? What would be like a single most important thing? Would it be like location, condition, rent?

SPEAKER_01 21:56

I would say the location.

SPEAKER_00 21:58

Yeah.

SPEAKER_01 21:58

You can change the condition. Of the property and that will then change the rent, but you can't change the location. So if you purchase a house that's surrounded by government housing, you're not going to be able to change that. And that is going to cause you headaches further down the track. So that is actually a question we get quite often from investors when we're helping them look at their next move is if they're looking at a property and we're pulling reports for them, we'll actually check what other properties in the street and see if any of them are owned. State housing.

SPEAKER_00 22:27

Yeah. So that's why where that report's so good, that suburbs find a one. And I always say, like, state housing isn't isn't directly an issue because we have just as many situations with private tenants that cause havoc on a street. You know what I mean? It's not saying because there's state housing, you're going to have issues. What I would say though is that having a cluster in a street or an area can cause some behavioural social issues on the street, but there's only that I'm aware of one or two suburbs where there is clusters and issues. The other areas, they might have one or two on the street, which is very normal. You wouldn't even notice them. And I don't generally see that as being a big issue. There's always the behavioural side of things, but like I said, I so like I said, generally that's where we get the clusters where it can be maybe more of a concern. Visually, not as much anymore. The only thing visually, it's it's more to do with a lot of hoarding out the front sometimes. I'm saying that is a little bit more rare now, but I guess for me, it's also the logistics of it. If you have a fence and it's shared and it goes down, and then you've got to deal with the government department to sort that fence out, yeah, it'd be a bit of a pain. In fairness, I think the last one that I did, it was not too bad, but it's just still just a little bit harder. So that's not, yeah, it that's just something that investors would think about. And as well, if you thought that you might want to live in the property, you might, that might be a factor for you as well. But again, it's not given because, like I said, you can have a rental property, or actually, even worse, an owner-occupied property that has got hoarding, and there's nothing you can do about that. Yeah. At least a rental property you can breach. But yeah, it would be worse if someone owned it.

SPEAKER_01 24:22

Great point.

SPEAKER_00 24:22

And yeah, you just can't get them out.

Demand Metrics And Tenant Fit

SPEAKER_01 24:25

So if you had an investment property, what sort of metrics would you be keeping an eye on other than your typical ones? So would you be like, do you look at the percentage of owner occupier versus renter? Are you looking at the crime scores?

SPEAKER_00 24:38

So investors do tend to look at the percentage of owner occupiers. For me, I'm more looking at the demand. So I the reason why I would speak to a property manager is because I would want to know what is the more common ideal tenant in the area. There's areas of Perth where we get a lot of single FIFO workers. A single FIFO worker is less worried about something renovated, just needs a three by one, wants something with a shed. So if that's the if that's considered a good tenant for an area, I want to find something that suits the ideal tenant. So that would be ideal. There are areas where, for example, Armadal is probably an example where sometimes the ideal tenant, they might not have cars. So therefore, if a property manager says to me, we're getting a lot of just throwing it out there, single parents, where they've got generally on average three or four children and don't tend to have a car, then I know that I'm going to need to look for a four by one in the area that's close to transport, maybe close to schools, but that shed is not really going to be a big issue in that. So there's different features that I would need to look for and to help fine-tune and shortlist the rental properties based on what the ideal tenant is. Because there's no point buying a beautifully renovated four by two house for 1.5 million in Armadale where there's not a market for it. So I'm more about finding out how quickly my property would be in demand. And so those features that I talked about would be super important to me. I also would find that on that suburbs finder, there's the average income for the area. And so if we talk about affordability, and affordability generally sits around 30%, which means that the rent for a tenant to not be in any financial stress, the rent needs to be 30% of their annual income. So let's say that there is Armadale is showing that there is a annual, sorry, a weekly median household income of 2,100, then that would say that rental properties around the 700 will be in demand. But if the median household income is 1,200, you can't go finding a property that you want 700 a week for because you're not going to get it because there's no one out there. There might be a very small percentage, but a small percentage means longer vacancy rates and all of that. So for me, that's what I'm actually looking at. What's the median household income for the area? What's the most ideal tenant? And only a property manager is going to be able to answer that.

unknown 27:15

Yeah, great point.

SPEAKER_00 27:16

Even as much as I love buyers agents, even a buyer's agent is not going to know that.

SPEAKER_01 27:20

And that's why it's so important to work with property managers as a buyer's agent. So we have quite a few that we have good relationships with. Yeah. And it's that it's like that symbiotic relationship. We go to them with certain questions and then they can come to us and to have someone that you can bounce ideas back and forth. So I guess if you are an investor using a buyer's agent or searching for one, that's a question to ask them is do you have on the ground relationships with property managers? And if so, who and in which states as well?

SPEAKER_00 27:48

Yeah, absolutely. Because we work with a lot of buyer's agents and we've got a lot of clients that have the buyer's agent, but then independently get us to double check. But like you said, they're two different roles buyers' agents looking at the numbers, the future stats, and the data, which a good property manager could probably look at as well, but it's not technically their job, but they could. And I know in our office we do because we've got a lot of experience with that. But the on the ground, like we know how many people are coming through home opens, whether the three by one or the four by two in the suburb was leasing out the easiest, what the tenants look like looked like, when I say look like, whether thank you, the demographic, not what they look like. But what's the demographic of the tenants coming through? Are we finding that we're getting more inquiries at the 500 or the 700? There are suburbs that we are getting the highest amount of court orders for. So there's a certain demographic for applications for vacant possession. So there's all of those things that no one else knows, except for a property manager on the ground.

unknown 28:51

Yeah, absolutely.

SPEAKER_00 28:52

So important. And like I said before, there the information that we know is not necessarily information we can really be public about because we'll get scrutinized.

SPEAKER_01 29:03

But yeah, if you wouldn't put that on TikTok. No, hell no.

SPEAKER_00 29:06

No, but call me up and we'll give you all the juicy details. Absolutely. Just don't record the phone call conversation and we're all fine. Yeah,

Final Checklist Do Not Copy Mates

SPEAKER_00 29:14

that's really like from a first investment, buying a first investment property. They're the things that we would do behind the scenes. So it's not just a matter of seeing the mortgage broker and looking on the websites. And copying your mate. And copying your mate, please don't copy your mate. Just go through those extra layers, which are definitely going to make sure that you've got good longevity with your investment and buying a property that that hopefully performs well.