Charles Estephen from Schiavello joins Domenic Nesci from Wealthi to discuss property considerations to minimise risk and maximise reward. They determine that when purchasing property you must have the insight to look towards the future rather than the present in order to capitalise on the effectiveness of your investment.
Charles and Domenic also discuss the pros and cons of purchasing with other individuals and devise some strategies to ensure that the opportunity will outweigh the risk.
As mentioned in the podcast, some of Charles best reads are:
- Rich Dad Poor Dad by Robert T. Kiyosaki and Sharon Letcher
- Think and Grow Rich by Napoleon Hill
The talking points are:
Is now a good time to get into the market? Should people wait and save a bigger deposit or do what they can to enter the market now?
What are the advantages and disadvantages of buying property with friends and family?
What areas do you think will see the best growth over the next 10 years?
Buying land and doing small scale developments - Duplexes etc
Commercial property and income producing property
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