Show Notes
We love a property investor story!
Especially stories that include hard work, dedicated, ups, downs and end up with the person owning a Ferrari! Property isn’t an easy game, it takes years to compound but when done right it can yield some amazing results.
Join us tonight 7:30pm as Melissa Morgan picks her property story over 15+ years.
An expert property manager that started with buy and hold, cracked onto renovating, turned developer and now runs a property Management business.
We’re excited for this one. Who is joining?
Topics we’ll be talking about include:
- The Deal Selection Process – We’ll unpack the steps and processes this investor took to use property as her vehicle. This one is bound to be juicy, insightful and actionable!
- How she evolved from renovating to developing, including the lessons and insights (will be helpful for investors at all levels)
- The State of the Inner City Sydney Property Market, from a Property Manager’s Perspective (including what is happening with rents and asset types)
Episode Highlights
6:07 Introduction of Melissa
8:19 Melissa’s First Property
14:52 Brisbane Buying Experience
20:28 How do you progress in your property journey?
23:53 How did you decide to pick the parts of Logan to invest in?
27:01 What kind of renovation did you do?
34:01 Owner builder
39:19 Melissa’s Experience with Duplex
44:06 What is your mental framework with property difficulties and keep going?
45:54 How did you bought property during covid?
0:47:02 Why did you select property as your investment vehicle?
51:30 How do you measure enough. What is break even. Therefore when you start doing things because you are able not be you have to.
59:13 What are you seeing in the Sydney Market as a property manager?
1:03:28 What the yield Mel is seeing?
1:08:52 When you are Developing, Do you sell and reuse the capital for the next project?
1:10:17 What is Rent Developing Strategy?
1:18:20 Tips for investors from Melissa’s Property Experience
1:19:15 Do you help your clients with project managing renovations for them?
1:20:45 Do you have a good exit plan if a development is going to cost you down the track?
1:22:49 Do you use any software for development or due diligence?
Episode Resources
Connect with Melissa Morgan: https://www.progressiveproperty.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.
