The Property Investor Playbook

Transform Your Financial Future: Mastering Property Investment Strategies with Build Now, Pay Later - The Property Investor Playbook

• Liviti Property • Season 1 • Episode 9

Share episode

Unlock the secrets of property investment with Josh from HomePay and Rob from Luxton Homes, as they unveil strategies that could transform your financial future. Discover how HomePay's innovative platform leverages rebates and grants to make property ownership accessible, even in high-priced markets. Whether you're a first-time buyer or a seasoned investor, learn how you can maximise opportunities by investing in Melbourne, where shorter build times significantly reduce holding costs.

In this episode, we journey with an experienced investor who expanded from Ballarat to Melbourne, showcasing the art of property servicing and the power of HomePay's build now, pay later loan. This game-changing financial product eliminates out-of-pocket repayments during construction, enhancing borrowing capacity and reducing stress for investors. The discussion underscores the importance of partnering with expert builders and utilising a knowledgeable support team to navigate the complexities of construction finance effectively.

Listen as we share insights into co-investing strategies and the significance of professional advice in building equity. With stories of families boosting their borrowing limits and strategies for entering the Sydney market, this episode is packed with actionable advice. 

Join us as we explore the benefits of seeking expert guidance over relying solely on casual advice and learn how to set priorities for a successful investment journey.

Speaker 1:

Welcome to the Property Investor Playbook. I'm Lara.

Speaker 2:

And I'm Daniel. We're going to show you, step-by-step, how you can grow your wealth.

Speaker 1:

Hello Daniel.

Speaker 2:

Lara, how are you?

Speaker 1:

I'm good Nice to have you back, thank you. Thank you, good to be back. How are you going?

Speaker 2:

I'm loving it actually I can't stop moving and fidgeting around, I'm running up and down the office.

Speaker 1:

Got some energy from your holiday. I to say that, nice, ready to jump back into to business, straight back into it, straight back into it, nice. We have a couple of guests on today, josh from home pay and we've got rob from luxden homes. Uh, both come up from melbourne for the day.

Speaker 2:

All right, yes, yes, yes, they came up just for us, and I'm sure some other clients too um, well, josh and both josh and rob have got some interesting stories on how to get into the market. Um, but I think the takeaway from this is how HomePay can help investors get into the market easy. So just by listening to that, you could see me getting fidgety about how it can help so many of our actual clients right now.

Speaker 2:

So if there's ever a way to get into the market easy, this is the podcast to listen to, and if it can help you, it could be a matter of five or ten grand. If HomePay can help you in utilizing rebates and grants to your advantage, then I guess this is the best situation for you.

Speaker 1:

Yeah, definitely. I think the one surprise for me was that it does help investors as well. It's not just for first-time buyers Correct correct. A lot of the grants and schemes and rebates and whatnot in the market at the moment are mainly for first buyers, but this one will really benefit investors too and I think it'll increase power of a lot of people jumping in the market. I agree, yeah, let's do it, let's go. Hello, daniel.

Speaker 2:

Miss Lara, how are you?

Speaker 1:

I'm good, welcome back you just came back from overseas.

Speaker 2:

Yep, I did nice tan, ready to go, ready to hit the ground running.

Speaker 1:

I thought you were going to be darker. To be honest, you told me to get some sun while you were gone, and unsure.

Speaker 2:

I wasn't in the gym too much, but I did. You know what? Let's leave it there. Let's leave it there. The gym was enough.

Speaker 1:

Hi guys, how are you going? Good, good, good. Got Rob and Josh here today. Yes, nice to have you Up from Melbourne.

Speaker 3:

We are Day trip.

Speaker 1:

Came up this morning.

Speaker 3:

Yes, I did yes. Yeah, nice Heading back this afternoon as well, yeah just to get in a few little meetings, and obviously the pinnacle of the day being here.

Speaker 1:

Yeah, nice. Well, thanks for coming. I think we might jump in straight away to the fast five questions that we usually ask everybody.

Speaker 2:

Just a few quick property slash, personal questions, nothing too serious. Hot seat Actually, that's exactly what it is.

Speaker 1:

Maybe we'll just do. I'll ask the question and then you can both answer and then we'll move on to the second one. Let's see how we go. All right, ready. What's your name and age?

Speaker 3:

Josh 35. Rob 48.

Speaker 1:

How many properties do you own?

Speaker 4:

Josh 35. Rob 48. How many properties do you own, josh? Three Currently two, one under construction and I've got a home-paid deal ready to go as soon as I finish building.

Speaker 1:

Okay, we'll come back to that. What's?

Speaker 3:

your biggest property regret.

Speaker 4:

Not moving faster? Yeah, not starting earlier.

Speaker 1:

Yeah.

Speaker 3:

What's one thing about yourself that you've never told?

Speaker 4:

anyone Don't share everything on a podcast. Yes, you know Nice.

Speaker 1:

And what's your most embarrassing moment?

Speaker 3:

Well, we'll get through today, but for me, probably some overseas adventures similar to what's probably happened in Bali recently, I dare say.

Speaker 4:

Yeah, and I think it's bold of you to assume I've peaked most embarrassing to date.

Speaker 1:

I can move fast, nice one. 53 seconds.

Speaker 2:

Very nice, very nice. Double trouble. Yeah, home pay action. What's this you have going on?

Speaker 4:

okay, so this home pay is uh, josh can explain it much, much better than I, but I will sort of delve into how Luxton is actually able to offer it, and it's all based on our build times and our building product. We had to go through a full financial audit and there's also continuing audits on our build times, which did you see the email that I sent you last time? I did, actually, I did. It's good, huh, Good email, Pretty good. So over the last couple of years we've averaged about 155 days for construction and this year at the moment it's down on average of 140.

Speaker 2:

That's just on that, one of the good things for investors and I keep telling them this, why I would tell an investor if they're pretty ready to go to Melbourne. Your holding costs are so much less Like in five to six months your build's done In comparison to other states WA and Brisbane.

Speaker 3:

Every state has their own kind of positive and negative.

Speaker 2:

It's and kind of positive and negative. It's just that it may take 12 to 18 months to build your home in a different state, so if you're first time investor, you want to get into the market as easy as you can. I think melbourne kind of ticks that box for you, so something that I would highly recommend you mentioned.

Speaker 1:

Obviously it kind of home pay flows on from your personal journey. Maybe you could walk us through a little bit of how you got into property to start with, before we jump to josh and go into home pay well, my wife and I first moved to melbourne 20 odd years ago um we rented this lovely little townhouse in toorak, not knowing anything about toorak there's some lovely houses around it.

Speaker 4:

um, and you know, my wife, uh, very smartly, just convinced me that we were always broke. Because I was 26 years old, I was in Melbourne, I wanted to party, I'm sure there's an embarrassing story in there somewhere. So I would constantly go long weekend to come up I want to go away. My wife would be like no, we can't afford that. You know all that type of stuff. And then you know, one day she turns around and she goes. I think we should buy a house and I'm looking away.

Speaker 4:

how the hell are we going to afford that?

Speaker 1:

Yeah, you told me we're broke.

Speaker 4:

The trust I have in my wife is infinite. She used to put things in front of. One of those things was actually an ING bank account, and so she just started saving for a deposit. Well, our first investment property was roughly, I think, 2009. We bought an existing house in Ballarat. My wife made a joke while we were doing the final inspection that it was cheap. We should buy two of them. A very smart real estate agent rang me three weeks later. He just listed off the plan one part just around the corner and we ended up buying that one as well.

Speaker 1:

Nice nice, you didn't waste any time. Yeah, yeah.

Speaker 4:

Long story short, I ended up falling into the building industry and it's been non-stop from there. The Ballarat houses are gone but have since built another two investment properties in metropolitan Melbourne. We've got an NDIS house under construction at the moment which we finished in about six to eight weeks. Once that's done, I've got one in Windervale coming up, which I'm actually doing with my son and just sort of teaching the ropes of property investment. We're also going to do home pay as well, because it can help with my servicing, which when there's a few properties under the belt, servicing can become a bit of an issue.

Speaker 2:

But Joshosh, is going to help me with that.

Speaker 1:

Just you want to remind everyone what servicing is. I was going to get to that so servicing, um?

Speaker 2:

for those who don't know what it means or what it actually is, it's. You know how everyone comes to you I can't borrow this, I can't afford this, I can't do this. That's your borrowing power. So when you talk about servicing, it's like what you can afford. So a lot of banks might have knocked you back. They've knocked me back a few times ago, had some kind of magician work from the finance guys and natalie's, your go-to girl, for that. Um, it's just what you can afford at your current time. So home pay can come in and kind of get it ready for you, and that's why I'll kind of give you the segue. So how can it help you?

Speaker 3:

yeah, absolutely so. Home pay step back. What is home pay? It's a build now, pay later loan, so there's no out-of-pocket repayments on the build and the land cost for 12 months. So we developed this actually for ourselves, for our own building company in Tasmania, back in 2021.

Speaker 2:

If I can just pause you there. So for those who don't know that, so when you're buying a house and land package, people think that's already completed by the time they build it. So that's the biggest struggle that I get here with our clients. So just for the viewers, if you are buying a house, a home and land package, the benefits of it is you are buying something that's going to be brand new, going to be built straight away, yeah, or six, eight months, depending on the plan of it. So some people will have to hold that land and the build and pay progressively as you go and your broker can elaborate the payments, how much it costs and all that kind of stuff. So home pay can kind of mitigate that for you and take that heavy lifting from you and dial it all. So that's Exactly right.

Speaker 3:

So if you're renting, you're just worrying about your rent. You're not having to worry about those services or payments as you go through. Property investor, no payments to get the property finished generating income. So we developed it for that reason and then rolled it out progressively across the mainland. We've started this year pushing it out.

Speaker 3:

For us, though, what the product offers is often an increased borrowing capacity for clients. We've talked about that. So you know we're helping some clients at the moment that previously the dream wasn't there, caught in the rental trap or looking to have to purchase further and further out from the suburb perspective, actually able to help them get the capacity to actually purchase where they want to live. For us, though, we have to. It's all market competitive rates. How do we do it? We have to de-risk the product somehow. There's no repayments coming in for 12 months out of their pocket. What do we do? That's the builder auditing framework. So we only partner with builders that we've reviewed five years of their financial history in depth build timeframes over the last five years ongoing, and go out and look at a range of builds consistently at slab and frame.

Speaker 3:

So it's funny we're sitting in here today, mates, but during that initial week and a half order it was a little bit of a different feeling in the room, I can imagine, but that's what we have to do and that's how we de-risk it, because we want clients to be able to build with confidence and finance with ease, how else every builder tells you they've got the best build time. How do you know? How do you know the quality's there? That's our role.

Speaker 2:

All right. So I'm gonna flick you something a scenario. I'm a first-time investor. I'm pre-approved up to 700K. Now how canPay actually help me? So I'm renting at the moment a property and now I want to activate these HomePay calls. How would it work for this person's scenario?

Speaker 3:

Yep. So, through their mortgage broker or one of our partner brokers that we work with, partner them up to actually go through serviceability and borrowing capacity check on HomePay. Often it will lead to a little bit more, depending on their ham and certain scenarios. It's a normal loan process, so ham and certain scenarios, that's it. It's a normal loan process, so normal loan application process. They pay their deposits as normal and then from there it's just simply what we're doing is saying, well, rather than have to make those progressive payments while you're waiting for that build, you don't, we put them back and we capitalize it over the rest of the loan, same interest rates. That's why it's all market competitive like our variable rate at the moment starts from 6.69.

Speaker 3:

It's all pretty sharp so um, but only because we can de-risk it with the builders that we partner with nice, you mentioned obviously you have a like broking team as well, but can they use their existing brokers?

Speaker 3:

yeah, absolutely, and we, we, or even the brokers that we partner with, they're never our brokers, because we want them to be independent for the client. They, they work for the client, of course, and that's really, really important. So the only thing we sort of recommend is not all brokers understand construction finance. You know little things like valuations. You know certain banks like to lend in certain areas and we've just had a client recently where they've come to us they've been knocked back. We've put them through Actually one of our partner brokers up here in Sydney, australian we put them through actually one of our partner brokers up here in Sydney, australian Mortgage Assist, and they've gone through and said oh no, no, no, no, no. This is the approach we need to take and the vow's been about 90 to 100 grand difference. That's actually going to help them get the property and move forward.

Speaker 3:

It's just those little things where often we sort of say look, you can use whatever broker you want, but do they?

Speaker 2:

understand construction finance. That's the key why you need a good support team. Yeah, you too, and so you said it perfectly. So many times people just go online, calculate up can I be pre-approved? And they go for the buying experience and it's a bad buying experience. They don't have the right team, they're not talking to the right person, and that's why it's kind of crucial, just like what you said, the vow is a massive difference. The whole setup is a negative and having a crap experience or going into it, if our open mindset, positive experience come back down the end, I want to do this again, which is what we want everyone to do go again correct your wealth.

Speaker 2:

Keep going.

Speaker 1:

Yep, absolutely yeah I'm interested to know, I guess, how it increases your borrowing capacity. I'm not a finance person, but how would like, let's say, if I'm capped at around 500 000, if I used home pay, how would that increase my borrowing? Absolutely.

Speaker 3:

So it all comes back to the serviceability testing criteria. So at a major, any bank, when they look at the interest rate they have to add a margin to that to work out with interest rates where to go up would you be able to service that loan. So the buffers that we have on our variable loan product through our lenders is two percent on the variable, but we actually offer a five-year fixed construction rate product as well through our lenders which is a 0% buffer. Yeah, so that just offers that increased borrowing capacity where previously clients might not have been able to get over the line. Obviously, get your independent advice, meet with your brokerage team, your teams, et cetera, as always. But yeah, the option's there to really help them.

Speaker 1:

Yeah.

Speaker 4:

Have you got a client story at all that you know of that they've used home plate. We actually have one going through at the moment with the five-year fix are very similar to what you do. Said they did borrowing capacity was 630, but they want me in the southeastern. Obviously 630 in the southeast of Melbourne not quite cutting it, not enough to get them a house for their family. A lot of people out there might think that you know, going to five year fixed at the moment is crazy because everyone says interest rates are going to drop. But by going to that five year fixed rate they're actually able to increase their borrowing capacity to just under 750, which means that we can put their- Get them in.

Speaker 4:

yeah, we can put their family in a house that they actually fit in. Yeah, and with the growth that Melbourne's expected to see over the next sort of three to four years, that will completely negate the extra interest they're paying. Yeah, they're gonna come out on top and have their dream home.

Speaker 1:

That's good and I think that's probably something that a lot of people or clients don't consider is if you do accept that high interest rate like they'll think of it as a negative. But in this instance it got them into a house they can live in with their family.

Speaker 4:

If your house goes up $60,000, $70,000 in value, the extra interest they're paying is nothing.

Speaker 2:

Yeah, definitely that's the biggest thing people need to take out Like it's. People feel like the interest is too high. You can't do this. Like you said, you're getting that equity build-up over time. So please take that biggest learning curve from this. If you do buy something, your equity build-up will mitigate your interest costs. So that's the biggest positive. If you don't do it now you're going to say I'll wait two years' time and it what's gonna happen.

Speaker 3:

The entry point is even higher than a little. Can't save into a deposit. It's nearly impossible.

Speaker 1:

Yeah, We've only talked, I guess, about house and land a little bit, but you obviously partner with Luxton. And what other products do you have available on for home pay? Is it on everything?

Speaker 4:

Luxton. All of our products, with the exception of NDIS, are available for home pay. So that's all our standard residential houses and co-living products. There was a bit of a rumour that NDIS may become available, but it hasn't been approved by the lender yet.

Speaker 1:

But yeah, pretty much anything Larkson has to offer home pay is there Interesting. That's good to keep in mind as well, especially for investors who are not necessarily just wanting house and land but still available. For an investor it's gold.

Speaker 4:

So with our build times, averaging around about 140 days at the moment, roughly eight weeks on average for a site start. From land settlement to that house being finished is six months, but then they've actually got up to six months where they're collecting rent without actually making it, so that allows them to. I mean, that could be, you know any anywhere from you know, 480 dollars a week, upwards, depending on on the house and the area um they that could be going into an offset facility or it could be used for a trip to Bali.

Speaker 2:

Why are you looking?

Speaker 1:

at it, Because Daniel's thinking how can I do this?

Speaker 2:

How can I do this? I'm back to Bali.

Speaker 1:

That's really interesting though I definitely didn't think about that aspect of it that the property will actually be complete before the end of the home pay term.

Speaker 3:

Well, that's been the you know, for us, partnering with the right builders is critical, because fast build time saves you money.

Speaker 1:

Yeah.

Speaker 3:

And for us it's like well, we're partnering with the right builder and then all of a sudden we're penalising you for having a fast build time. It doesn't really make sense, and so you know we have to be really selective on the builders that we work with for that reason. Now, yeah, other regions, certainly out west, in different areas in Western Australia, double brick and some different construction methodologies do cause some issues there and it can push that timeframe right up. But you know Victoria and New South Wales like it's got some really, really fast build times out there at the moment.

Speaker 2:

I wanted to touch base, and you're right. I wanted to touch base on something you both said on the fast questions. You all based on something you both said on the past questions you all wish you started earlier. Yeah, everyone says the same thing yeah, you wish you started earlier now. It's daunting, so, even going from my own first experience, um, it's daunting trying to get your first investment because there's so much people out there saying go do this, get all the grants first, go do this first.

Speaker 2:

Like there's a lot of ways to start to get get your foot into the door first. But let's be real. Sydney prices are sky high. Um, to get into that, um, or to get all those grants and to get something that you can live in, you may be living far away from your work and employment, so you may not be the best key. And in saying that, even investing in sydney nowadays, your entry point is going to be higher than ever. So we're getting a lot more clients and this is what I would suggest to all people. Listening is, if there is ever a time to invest, it's now. So people who are in the market right now are people who are buying their own family homes or own occupiers. But guess what? It's for investors to take over this market right now. Pre-covid, when rates were 1.99%, 2.49%, fixed interest only investment, that was a good time for investors.

Speaker 3:

Everyone was loving that.

Speaker 2:

yeah, on fixed interest only investment, that was a good time for investors.

Speaker 3:

Everyone was loving that yeah.

Speaker 2:

So. But that wasn't like investors were in the market every minute, like we were just taking orders. Back then, Everyone was just like I want this, I want that, but right now I'm actually challenging everyone. It's a hard time to get into the market as an investor. It's the best time for you to do that. They just held rates yesterday, I believe. Is that correct? One rate cut, the markets will go crazy. Everyone's going to want to invest and buy again because they feel like the rates are coming down again. So if you have the opportunity as a first-time investor or an investor in general, just to go, now is the time to jump. Just jump now. If something's hard, the rewards are going to be so much greater.

Speaker 4:

On the other end, you were saying Well, it's actually a lot easier than they think.

Speaker 2:

Yes.

Speaker 4:

And everybody after they've done the first one realises that it was a lot easier to do than what they always thought it was going to be. So yeah, jump.

Speaker 1:

My only advice jump Go jump, I like it Jump.

Speaker 4:

If you can't do it by yourself, buy one with your friend, buy one with your brother or sister, your parents, just do it.

Speaker 1:

Yeah, I was going to say yeah, you mentioned earlier that you're doing it with your son on a house and land package, which is, yeah, a great opportunity for a lot of people these days, especially young singles, that don't quite have enough deposit or borrowing capacity, depending where they're at in their careers, to buy something on their own.

Speaker 2:

So, yeah, yeah, it's a good, good way to get in. For sure, I love investing. Yeah, I actually love it so much I don't know why not everyone's doing it. Um, I don't want to share all the secrets on this, but something that I I encourage people to do if you can't save enough straight away, kind of stagger your investment.

Speaker 2:

So people get scared and I'm going to throw this to you, because i're a developer here you can answer this question a lot better. Some people are scarred from delayed registrations. So what that means is they want to purchase a home and land package, but they may need to save $10,000 or $12,000 more, so it may take them maybe four, six, ten months to get there. So obviously there's investment opportunities that are staggered. That can happen in a year's time or whatnot. What advice as a developer, would you have certainty on the registration of land? Because I'm so many people telling me I bought something in Say WA that took two years to register. So I know every states got their own kind of policies and schedules. I'll leave that to you. You guys are professionals. How do you get certainty for a first-time investor or any person buying a home on the registration of their land? What's one of the risks? What can go wrong? What can't go wrong In a good market? Any person buying a home on the registration of their land? What are the risks? What can go wrong? What?

Speaker 4:

can't go wrong. I'll put it to you. In a good market, it's the perfect way to do it, because you sign a contract now and that land might be $350,000. Yeah, and two years from now, when it registers, it's worth $400,000. $400,000.

Speaker 2:

It's the beauty.

Speaker 4:

Right. We haven't seen a lot of that over the last couple of years because interest rates have risen and people were burnt because by the time the land got to registering their borrowing capacity had changed because of the increased interest rates. But in a normal market, what Melbourne's about to see over the next couple of years, something that registers 18 months from now will be worth more than what they pay for it and that's the investor hack.

Speaker 2:

So I keep telling everyone that's the investment hack, why someone is delayed. Use your equity to help you if you can on the loan, if that's about you saving more, but if you can delay your purchase or stagger your purchase, that we can't go now, that's your best bet. Obviously, if you can't afford to go now, go jump. Yeah, don't stop.

Speaker 4:

But not only that in the moment, a lot of developers are offering rebates why is? That? Um, several reasons. One there there's uh, we've got a lot of titled stock. They want to clear that title stock out so they can develop more land nice and they've got to make it move, but it pretty much across the whole range. The beauty of those rebates as well is josh has been kind enough to allow ten thousand dollars of that rebate to be included as part of a deposit okay, nice, nice, yeah, so our lenders have been really supportive of that had lending yeah

Speaker 3:

yeah, like you know we've they've been such a supportive lending base in terms of how they've developed this product with us to actually make it work for customers to get into the market, and so lending policies change. $10,000 in land rebate can actually go towards the deposit. So you know, that is just a massive head start when you start looking about different markets. So to your point, or rent vestas, well, maybe you do keep living in Northern Beaches or in Sydney, wherever that may be, but then start to look at some of these other areas where, all of a sudden, you can start to use some of these opportunities to help your investment strategy and get into the market in Victoria or wherever that might be.

Speaker 2:

Yeah, that's going to be the key, I think, now more than ever, just understanding these little techniques that we have. I talk a lot about using all the grants if you can for your first investment. But if you now, with HomePay, if you can use the rebate to a deposit to your first investment or second investment, you're getting your foot into the door and just keep going from there.

Speaker 3:

And that, whether it's first-time owner-occupier or an investor.

Speaker 1:

How often do you get broker to be able to talk you through all of those opportunities is what can make the difference yeah, investors usually aren't helped in the process of buying an investment, so, but you know it's still so critical like we've got a housing shortage that we need those funds in the market to be building yeah you know.

Speaker 3:

So they're demonized sometimes when in actual fact, they're helping stimulate the construction for such a good houses out of the ground. So and we need that as a community, yeah, for sure.

Speaker 2:

Now you need to buy house.

Speaker 1:

I need to buy an investment. I think, with home paid, though, there will be a lot of people, I think, like me, they were first home buyers, I guess a couple of years ago. They've got equity built in their properties what's happened. But they don't have a lot of spare cash at the moment, so something like home pay will really help. I mean for me I don't think I'd be able to afford like two mortgages at once you won't have to tap into as much of that equity before you deposit.

Speaker 1:

Yeah, for sure, especially with the rebates and everything. Yeah, nice. Before we wrap up, what would be each of your top three? I guess tips for first-time buyers or investors getting into the market. Yeah, for me it's getting the right advice.

Speaker 3:

That's number one. So often you think just go to the broker down on the closest corner or whatever it might be that's who we've always used in the community but actually thinking about getting advice, doing the research online, understanding who are the right connections to speak to and using them to help guide your investment strategy so you take the stress off yourself. That's what I didn't do my very first time and it didn't bite me, but it definitely delayed me in terms of what strategies I could have put in place moving forward.

Speaker 4:

I bought a money pit.

Speaker 3:

Yeah.

Speaker 4:

Yeah, there we go.

Speaker 1:

You had a mistake.

Speaker 4:

Yeah, so the first house we bought was an older weatherboard house and after about three years it cost something like $35,000 to have all those weatherboards replaced, and so on, and so on. My tip to you again, get the right tip behind you. And for first home buyers, it doesn't have to be the perfect house.

Speaker 4:

It just has to be a start. I think in australia the average first home buyer lives in that house for about 4.3 years. It's not a forever home, it's just getting a foot in the door, which means you know, you try.

Speaker 3:

You want to probably maximize your loan imbalance at that point, maximize your leverage, because you don't want to be dumping your cash on a property that's going to turn into an investment when you can actually use that towards the next and the next and the next. So again, getting that right advice is oh so critical up front. Yeah, and then you, and then you're good to go.

Speaker 1:

It takes the stress out of it. For sure it's not just the uncle down at the barbecue or you know the cousin that bought in this area. That's telling you what to do and what you shouldn't do. Get a good team behind you.

Speaker 2:

That's right. Get the equity built up and go to bali yeah, or buy another property.

Speaker 3:

Yeah, yeah yeah.

Speaker 4:

Priorities. Take them to Cobb and Zell yeah.

Speaker 2:

That was a strange Bali podcast.

Speaker 4:

Go to the real podcast.

Speaker 1:

Yeah, all right. Well, it was great to have you guys on, thanks for coming in.

Speaker 2:

Thank you, yeah, thanks Awesome, thanks guys.

People on this episode

Contributor

Daniel Chadrawy

Host
Head Shot

Lara Osborn

Host