In this fifth episode, Bryce and Ben disclose the third part of our Four Pillars of Mastery series: Asset Selection. In previous episodes we talked about Cash Flow Management and Borrowing Power but Asset Selection is usually what most people are interested in. Well, let’s face it. Inspecting a property can sometimes be much more appealing than looking through the numbers. Having said that, it is in no way easier and in fact, because it creates such an emotional aspect to it a lot people make the most mistake in this section. Imagine going through a property and it has all the shiny taps and the stainless steels (or rather “The Bling!” as Ben put it), it can be quite tempting to just sign on the dotted lines and claim it your own. Bryce and Ben explains why you shouldn’t be affected by these things as a property investor and instead, to look at the other areas that are much more important.
What are the other aspects of Asset Selection that you should focus at?
Listen to this episode to find out and if you like this Insider’s Guide to Property Investing, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://www.thepropertycouch.com.au/topics/