podcast

Property Hunter episode 1

Property Hunter
0

In an exciting new online video series, Smart Property Investment is going property hunting and showing you what to look for when buying your next property.

{{youtube id="taUdnzorCxg"}}

Property Hunter includes what structural deformities to look out for, which unattractive design features will and won’t affect a property’s rentability and what cosmetic improvements need to be made before opening the property up to potential tenants.

We will identify features in each room of the house that investors should look out for and highlight aspects of properties that you should be cautious of.

The videos will walk you through a property and give a detailed analysis of everything from kitchen benchtops to bathroom conversions and structural irregularities to what renters want from a backyard.

This month, we went property hunting with Todd Hunter, who has accumulated 45 properties in his own portfolio. In addition, as a professional buyer’s agent and director of wHeregroup, he and his company have sourced over 2,000 properties for investors.

Todd cast his critical eye over a property in Raby, 55 kilometres southwest of the Sydney CBD.

Upon entering the house, Todd says it’s immediately obvious the property is dated and owner-occupied, but as he moves through the property he sees some serious investment potential.

“I wouldn’t touch a thing in this property,” he explains. “Just clean it up and get tenants in. It will rent straightaway.”

Andy Scott, publisher of Smart Property Investment, describes the kitchen with one word – “retro” – but Todd says investors can’t discount properties just because they’re lacking modern appeal and expensive renovations aren’t always the answer.

Todd explains that the kitchen has lots of wood and reeks of early 80s design, but there is another way to look at it.

“This has all the fundamentals of a great kitchen. It is solid. The framework is great,” he explains.

Todd then shows fellow property hunters how they could change the whole look of the kitchen with very minimal cost.

Despite the obvious improvements that could be made to the house, investors who find themselves inspecting similar properties should look to add value before reselling, rather than sprucing the place up for new tenants, Todd explains. This, he says, will enable you to sell for a premium.

Listen to other instalments of The Smart Property Investment Show:
Episode 53: Six properties in two years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%