Episode 90: Property Investory: Invest for Quality Not Quantity

What are some of my biggest lessons so far in my 16 years of property investing?...

In part two of this Property Investory interview with Tyrone Shum, I talk more about 

my property investing journey since I took the leap of faith to leave my engineering job.

It’s been a steep learning curve and I now prioritize buying quality over quantity, wishing that I had done this much earlier on. 

I’ve had many challenges but it helped that I surrounded myself with people who were seasoned investors. I was always hungry to learn more through listening to audiobooks and just continually getting ideas from mentors and people who have found success in this field. 

There are lots of helpful ideas to unpack, so let's go inside!

Resource Links:

Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Book/s mentioned: The Wealthy Gardener by John Soforic (​​https://www.amazon.com/Wealthy-Gardener-Lessons-Prosperity-Between/dp/1732770522) 

Episode Highlights:

Intro [00:00]
How Jarrad started a property management agency [03:16]
Jarrad’s main inspiration [04:05]
Building the business through feedback [04:40]
Investing more in quality over quantity [06:19]
Applying evidence-based selection in buying a house [07:45]
Making a list of criteria based on growth rates [08:55]
A 2% growth rate can have a substantial difference [10:29]
Having different mentors on an investment journey [12:54]
Listening to audiobooks [13:47]
Life lessons [14:46]
Jarrad’s advice [15:53]
To whom does Jarrad attribute his success? [17:49]
Outro [20:03]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw
Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.