The Wealth Guide Podcast
Welcome to The Wealth Guide Podcast, where we discuss and explore ways of helping individuals and businesses achieve their financial goals.
Discover a plethora of knowledge in each episode from our hosts, and industry guest speakers and gain deeper insights and tools to help you make the right choice for a brighter future.
Disclaimer: The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
The Wealth Guide Podcast is proudly brought to you by Ryker Capital.
The Wealth Guide Podcast
How to Build a Multi-Million Dollar Property Portfolio (Starting with Just One House) | Ep. 41
If you want to take control of your finances, generate wealth, and secure your future, visit: https://rykercapital.com.au/our-service/
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In this episode, we have Kev Tran, a nominated #1 Buyer's Agent in Australia for 2024 by REB, who brings expert and proven strategies to help investors achieve their financial goals through smart, data-driven property acquisitions.
Kev talks about the critical financial literacy skills needed before investing in property, the hidden risks of off-market properties that most investors overlook, and the surprising impact of seemingly minor factors like bus stops and industrial buildings on property value.
He also discusses the counter-intuitive reasons why Melbourne's property market might be a golden opportunity, the often misunderstood differences between houses and units as investment vehicles, and the critical considerations when investing through self-managed super funds.
If you want to learn how to build a successful property portfolio, avoid costly mistakes, and maximise your returns, then make sure to listen to this episode!
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SHOW NOTES LINKS
https://kevtran.com.au/
https://web.facebook.com/kevtrangroup
https://www.instagram.com/kevtrangroup
https://www.linkedin.com/in/kevtranbuyersagent/
https://www.youtube.com/@PropertyInvesting_With_KevTran
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LISTEN TO THE PODCAST
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CONTACT US
hello@rykercapital.com.au
Client Enquiries: 1300 179 537
Careers & Press: 1300 179 537
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TIME STAMPS:
00:00 Intro
01:05 Kev's Background
02:03 What Financial Literacy Skills Do You Need Before Investing in Property?
03:40 Getting into Good Spending Habits
4:42 Minimum Standard People Need to Have on Financial Literacy
05:54 The Importance of Buyers Agent in Investing a Property
07:17 Triggers for People to Start Investing in Property
08:34 Purchasing an Investment Property Biases
09:41 Holistic Risks Navigating the Market Alone Without a Buyers Agent
11:45 Working with Clients to Figure Out What is the Best Approach
13:45 Kev Using Data in Client Discussions
15:13 Finding the Right Investment Properties
18:16 Other Risks Around Investing in Property
21:38 Long-Term Strategies Kev uses with his Clients
22:54 Aligning the Right Strategy to the Right Goal
24:07 The Next Step After Asset Selection
25:29 Sponsor Video
26:52 Are Off Market Properties all what they say they are?
29:32 Advice for so