Getting the right property is key to growing your portfolio and avoiding big headaches down the line. Yet with so many that seem like amazing assets, how do you figure out which one to choose?
It's really important to understand what makes A, B, and C grade properties so today, we unpack what you need to know to make the right purchase and avoid owning an underperformer!
If you enjoy this episode, do give us a like, share it with others who you know will benefit from the show and subscribe to the podcast! We have loads of resources available and if you'd like to talk with us directly, send us an email at [email protected]!
See you on the inside!
Episode Highlights:
• Meighan's special house of the week [02:09]
• Flyers: What makes an A grade property? [04:01]
• Buyers get F.O.M.O. & overlook a lot when buying in a hot market [08:15]
• A grade properties don't turn over as often [11:01]
• Floaters: B grade properties [12:34]
• The danger with buying floaters [14:53]
• B grade assets in a 3-story walk-up [16:37]
• Flops: The underperforming C grade property [19:33]
• Avoid C grade properties as much as possible! [20:59]
• How to identify this type of property [23:44]
• Flyers: What makes an A grade property? [04:01]
• Buyers get F.O.M.O. & overlook a lot when buying in a hot market [08:15]
• A grade properties don't turn over as often [11:01]
• Floaters: B grade properties [12:34]
• The danger with buying floaters [14:53]
• B grade assets in a 3-story walk-up [16:37]
• Flops: The underperforming C grade property [19:33]
• Avoid C grade properties as much as possible! [20:59]
• How to identify this type of property [23:44]
Links from the Show:
• Take our Stepping Stone Tutorial
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
Co-Founders
Veronica Morgan & Meighan Wells
Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.
Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!
Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.
