It all started back in 2011 when the then Sydneysider decided to purchase his first investment property in East Gosford.“I was just calling a few property managers to get the home truths – the on the ground insights and reality of what was going on,” Mr Gupta said.
“They were saying, ‘instead of you having to drive for an hour and a half, we can do the inspections for you’.” He expected this to come at a cost, but was instead told they would go to the property free of charge in exchange for their subsequent service as a property manager. It was a defining moment for the rentvester, who went on to buy 12 properties worth $8m in 11 years with the help of his property managers as well as a thorough understanding of data.“The combination of data analysis and the on the ground reality of them doing the inspections for us meant that a) we didn’t need to inspect the property and b) we didn’t need to spend a fair amount of money on buyer’s agents,” he said.
Now living in Brisbane, Mr Gupta said the strategy enabled him and his wife to become “borderless investors,” and follow cashflow and capital growth opportunities outside their own geographical area.“Industry professionals are great and they have their place in the world, but you don’t need a buyer’s agent,” he said.“People don’t need to spend $15,000 just because they don’t know much and they can’t catch a flight or do inspections themselves.
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Source: dailytelegraph - 🏆 21. / 51 Read more »
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