Show Notes
How this renovator made $120,000 in equity!
We love investor stories and Terry Reese is a man that has been adding value to not only this group for years but also to his property portfolio!
He is going to share his top tips and secrets to getting his deposit back and then some!
This tactic has allowed him to continue to borrow and build his portfolio quickly.
What questions do you have for someone this far down their journey?
Topics we’ll be talking about include:
- How he has gone about buying all these properties [a case study].This one is bound to be juicy, insightful and actionable!
- Lessons and insights he has learnt from buying property.
- Identifying what you want out of property and why this is important.
- Why “adding value” has been vital for his property investing.
- What is next in his journey?
Episode Highlights
11:50 How do you fall into property Investing?
15:24 What was the reason you decided to buy property?
35:52 How important is a team of good people around you?
41:35 What are some of the complementry skills that you need on your team for a Reno?
45:58 How do you think when you want to add a extra bathroom for a Renovation Property?
59:30 What are some of the things that we should look out when adding a extra bathroom?
1:05:34 Why bother Renovating it instead of holding?
1:11:10 What’s next for Terry?
1:13:48 Why hesitation on commercial?
1:26:39 What are your thoughts on interest rates?
1:28:33 6 percent yield – what is your denominator? purchase cost plus reno cost?
1:36:4 What’s your thoughts on cladding over the top of bricks?
Episode Resources
Connect with Terry Reese – https://web.facebook.com/terry.reese.338
Joe Tucker of Property Principles – https://propertyprinciples.com.au/
Other Guests On Our Lives
Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.
