Thank you to everyone that joined investing superstar Todd Polke in Sydney on the weekend.
It was a great day and I am glad you could join us.
If you are joining Todd this Saturday in Melbourne or on Sunday in Brisbane…then you have a truly life changing day to look forward to.
Here’s some key quotes from the day to get you thinking…
- On diversification
Buy in multiple cities, in multiple markets at different times of the cycle. This diversifies your portfolio and minimises your risk.
- On what drives price growth:
Infrastructure is king. But, transport infrastructure is most important to property price growth.
- Who is the best ‘end buyer’ of your investment property?
When you buy a property always buy it with ‘end buyer’ in mind. Owner occupiers are best because they get emotional about the property.
- 3 Keys to successful property investing:
You need the right strategy, right market, and right time of market.
- 3 Types of properties every portfolio needs:
“Buy and Gold” Properties. Paycheck Properties & Momentum Properties. This will ensure a portfolio with solid equity growth and high cashflow.
- A question to ask when buying a property
‘How can I make money when I buy as well as when I sell?
- Preparation is the mother of success
If you are not prepared to act – with finance ready etc. – property opportunities will simply float past you.
- On wealth and success:
Wealth is a result of your daily habits. Success is a system.
- On buying off the plan:
When buying off the plan. Make sure the developer has a financial interest in the long-term prospects of the project. This will impact your return more than anything else.
- Here’ a quote from a famous sports player that Todd lives by:
‘Success is not earned it’s leased. And the rent is due everyday’.