In this conversation, Jaryd Krause & Sam Powell interview Jordan about property investing and the importance of strategy. They discuss the common roadblocks people face in building a property portfolio, such as borrowing capacity and limited income. Jordan explains that most people get stuck at one to three properties due to their borrowing capacity. He also highlights the importance of understanding one's goals and time horizon when developing a property strategy. They discuss different scenarios and timelines for achieving passive income goals, considering factors like asset type and location. Jordan emphasizes the need for strategy before considering specific assets and locations to avoid costly mistakes. After building a residential property portfolio, investors can consider expanding into commercial properties for diversification and higher income potential. This can be done by utilizing equity from residential properties or selling down a residential asset to fund a commercial purchase. Commercial properties offer the advantage of tenants paying outgoings and maintaining the property, making it more passive for investors. However, commercial investing requires a different mindset and due diligence, focusing on the business operating in the property. It is important to have a strategy in place and work with professionals to navigate the commercial property market. CHAPTERS 00:00 Introduction and Background 02:04 Common Roadblocks: Borrowing Capacity 07:11 Timeframes and Strategies for Achieving Passive Income Goals 12:05 Accelerating Passive Income Goals with High Growth Assets and Commercial Properties 19:01 Considering Safety Buffers and Cash Flows in Property Planning 25:05 Building a Property Portfolio: Strategies and Considerations 30:10 Five Ways to Continue Investing and Build a Larger Portfolio 36:23 Transitioning from Residential to Commercial Properties 39:20 The Benefits and Challenges of Investing in Commercial Assets EPISODE HIGHLIGHTS: Most people get stuck at one to three properties due to their borrowing capacity.Understanding one's goals and time horizon is crucial in developing a property strategy.Different scenarios and timelines exist for achieving passive income goals, considering factors like asset type and location.Prioritizing strategy before considering specific assets and locations helps avoid costly mistakes in property investing. Consider expanding into commercial properties for diversification and higher income potential after building a residential property portfolio.Utilize equity from residential properties or sell down a residential asset to fund a commercial purchase.Commercial properties offer the advantage of tenants paying outgoings and maintaining the property, making it more passive for investors.Commercial investing requires a different mindset and due diligence, focusing on the business operating in the property.Have a strategy in place and work with professionals to navigate the commercial property market. ABOUT THE HOSTS:Sam Powell is a certified property investment advisor and registered property valuer with an illustrious career helping people save and make millions of dollars through property investing. Jaryd Krause considers himself a student of property, owning his own portfolio of property and online businesses he shares his failures and successes through his property journey. The Property Pals is strictly just a podcast on how to help you earn passive income through property investing to live a better lifestyle. We have no products or services to sell you, if you ever want help we can refer you to the different people we use for our own personal property portfolios.ABOUT THE GUEST:Jordan De Jong who is a Qualified Property Investment Advisor, a seasoned Property Investor, and the Founder and CEO of Game Plans, the first-of-its-kind Property Strategy and Planning System used by over 160 buyer's agents across Australia.Check out Jordan's site here - https://gameplans.com.au/RESOURCE LINKS:➥ Property Pals Website - https://www.propertypals.au/➥ Property Pals Website - https://www.propertypals.au/coaching➥ How To Maximise Your Borrowing Capacity Mini Course - https://www.propertypals.au/resources Disclaimer: Any information shared by Sam, Jaryd & The Property Pals team is strictly general and should not be taken as constituting professional advice. You should consider seeking independent legal, financial and taxation advice from a qualified professional.See omnystudio.com/listener for privacy information.
