Show Notes
EXPERT PROPERTY INVESTOR, OWNER OF 10+ DOORS, PODCASTER EXTRAORDINAIRE REVEALS ALL ABOUT UNIT BLOCKS!
Get ready to hear from a person who is rare in the investing world! Toddy not only talks the talk, he walks the investment walk, building a large portfolio for himself, all the while interviewing gun investors on a weekly basis!
With the help of Joe, this is going to be an epic session anyone who has any interest in financial freedom is going to get a heap of value from!
These are the session you, hearing the practical and actionable shows where you get to hear from someone with their finger on the pulse!
We’re pumped and Todd is preparing the gold for this session! He is a favourite of the show and is a person who we’re keen to have back! We’ll aim to go deep on his views and insights on unit blocks and throw in financial freedom musings I’m sure!
Topics we’ll be talking about include:
- Unit blocks are they a cash cow or a cash flop! This one is bound to be juicy and actionable.
- Insights on pros vs cons + unpacking his very own unit block purchase.
- Insights on his views about financial freedom [bonus].
Episode Highlights
02:59 Quotes of the Week
05:08 Introduction to Todd’s Thought Process
06:01 Strategy for Investing in Unit Blocks
07:21 Renovations, Development, and Cash Management
09:03 Starting a Business and Property Investment
11:08 Investing in Commercial Property
16:29 Gaining Confidence in Property Investment
19:17 Transitioning from Granny Flats to Unit Blocks
20:51 Discovering the Potential of Unit Blocks
21:25 Control and Flexibility in Renovations
23:58 Selecting Locations for Units Investment
28:23 Considerations when buying a unit block
32:17 Negotiating discounts through conveyancers
34:14 Negotiating a Quote
36:17 Pros of Buying Unrenovated Properties
39:39 Renovating the Property
45:30 Insurance Costs and Discounts
47:27 Positive Cash Flow with Zero Vacancy Rates
48:47 Walk Away Yield and Comparables
50:46 Renting to a Government Agency
52:56 Considerations for Property Makeup
53:49 Cons of Renting Out Government Housing
55:28 Timing Considerations in Portfolio Strategy
56:03 Managing Maintenance and Property Numbers
59:29 Considerations for Property Maintenance
01:03:32 Importance of Building Relationships and Getting Comfortable with Discomfort
01:05:34 Advice for Securing Off-Market Deals
01:08:11 The Importance of Appraisals and Phone Calls in Real Estate Sales
01:08:48 Different Types of Real Estate Agents
01:09:04 Building Rapport with Real Estate Agents
01:09:22 Importance of Being Reliable as an Agent
01:09:54 Avoiding Wishy-Washy Buyers
01:10:42 Avoiding Time-Wasting Calls
01:11:02 Effective Questions for Serious Buyers
01:13:22 Buying Property and Low Density Units
01:16:05 Staggered Leases and Rental Value
01:18:14 Negotiation Skills and Head Lease Duration
01:20:18 Development potential and density zoning
01:22:48 Long-term investment strategy
01:25:10 Portfolio Performance
01:27:43 Personalized Portfolio Strategy
01:28:24 Consideration of Interest Rate Changes
01:29:58 Challenges in Property Purchasing Journey
01:30:19 Q&A Session
Episode Resources
Connect Todd Sloan: https://www.pizzaandproperty.com/
Connect Joe Tucker: https://propertyprinciples.com.au/
Join Aus Property Facebook Group: https://www.facebook.com/groups/Auspr…
Join the Newsletter: https://propertyinvesting.substack.com/
SUBSCRIBE: https://www.youtube.com/channel/UC2Hq…
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.
