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“I Want to Buy Near Me Investor” · TFS WealthCast

• 0:04
  SPEAKER_00: This is the DFS podcast where money comes gets real and financial freedom is more than just a goal.
• 0:12
  SPEAKER_00: Without further ado, let's dive in.
• 0:17
  SPEAKER_01: Hi everyone, we are at the last episode of the investor type segments.
• 0:25
  SPEAKER_01: Today I'm gonna discuss about an incredibly common type of an investor.
• 0:31
  SPEAKER_01: I call it the I want to buy where I live mindset.
• 0:37
  SPEAKER_01: These investors come in with one line that I've that I've heard hundreds of times.
• 0:44
  SPEAKER_01: I want to buy an investment property near my house.
• 0:48
  SPEAKER_01: It is easier.
• 0:49
  SPEAKER_01: I know the area.
• 0:51
  SPEAKER_01: I can keep an eye on it.
• 0:53
  SPEAKER_01: Maybe even fix things myself if needed.
• 0:58
  SPEAKER_01: Now, let me be clear.
• 1:00
  SPEAKER_01: Wanting to be familiar with your investment is understandable.
• 1:05
  SPEAKER_01: But buying in your own suburb just so that you can drive past it on the way to work, that's not a strategy.
• 1:14
  SPEAKER_01: That's just comfort.
• 1:17
  SPEAKER_01: Here's the reality.
• 1:21
  SPEAKER_01: If your investment is rented through a property manager, as it should be, you actually can't just show up.
• 1:30
  SPEAKER_01: You are not allowed to check in whenever you want.
• 1:35
  SPEAKER_01: And even if you could, you shouldn't.
• 1:40
  SPEAKER_01: What happens with this type of investor is they limit themselves to a tiny patch of property, often in the area that's already peaked, and miss out on much better opportunities elsewhere.
• 1:54
  SPEAKER_01: Now, if you are a hands-on person with DIY skills, fantastic! That skill set can save you money when you renovate before renting or add value to a new uh purchase.
• 2:13
  SPEAKER_01: But real success comes when you combine that ability with strategy.
• 2:20
  SPEAKER_01: I always tell this investors need to have a strategy in place with your with each and every investor skill sets, that becomes a a good investment.
• 2:34
  SPEAKER_01: Some of the best performing portfolios I have helped build started in places far away from where they where they live.
• 2:44
  SPEAKER_01: Why?
• 2:45
  SPEAKER_01: Because we look at states with lower land tax, areas with stronger yields, suburbs with lower entry prices and better upside.
• 3:00
  SPEAKER_01: Markets at the right stage of the cycle.
• 3:03
  SPEAKER_01: These are the most important things you need to look at before you get into an investment property.
• 3:09
  SPEAKER_01: Smart investors understand this.
• 3:12
  SPEAKER_01: You can't let emotion or convenience override performance.
• 3:19
  SPEAKER_01: You can always come back to your home turf later.
• 3:22
  SPEAKER_01: Trust me, I have done that too.
• 3:25
  SPEAKER_01: Once your portfolio has momentum, that's when you do it.
• 3:31
  SPEAKER_01: But to get started to grow, you need to go where the data points points you, not where your driveway leads.
• 3:41
  SPEAKER_01: Okay, so remember my previous episodes I talked to you about data, important research, important, and also understand the performances of the market, that is also very important.
• 3:57
  SPEAKER_01: And most importantly, the experience you gather by investing in different types of properties in different areas, that is also very important.
• 4:08
  SPEAKER_01: At TFS, we help you see beyond your postcode.
• 4:14
  SPEAKER_01: We show you how to use your strengths and pair them with the real market opportunity.
• 4:21
  SPEAKER_01: So, folks, if you are ready to start investing with intention, not just geography, let's build that strategy together.
• 4:33
  SPEAKER_01: You know how to get through to me.
• 4:35
  SPEAKER_01: I'm always available.
• 4:37
  SPEAKER_01: Not just me, my whole team is looking forward to helping you to get the right investment property to your portfolio and build it with proper, sustainable momentum.
• 4:50
  SPEAKER_01: Let's do it together.
• 4:52
  SPEAKER_01: Thank you all.
• 4:54
  SPEAKER_00: Thank you for tuning in to another episode of the TFS Podcast where we turn knowledge into action and big goals into real results.
• 5:03
  SPEAKER_00: Now, don't forget to like and subscribe and share this episode with someone working towards their next financial step.
• 5:13
  SPEAKER_00: Now, with that being said, until next time, keep building.