Investing in Tasmania: Why local knowledge and connections matter
It’s often said that local knowledge is vital to any investor’s success, but this investor also emphasised the importance of building good business relationships throughout your investment journey.
We’re not leaving any stones (or state) unturned, so in this episode, Smart Property Investment’s Phil Tarrant sits down with Chris Sierzant, who shares with us how he (along with his wife) leveraged the power of local knowledge and connections to create a successful six-property portfolio in Tasmania in just over two years.
The Hobart-based investor, who works in community services, looks back on how they started their investment journey by learning everything about real estate, explains how strategic renovations have helped them build significant equity and emphasises the importance of having a long-term property investment plan.
Chris also touches on their plans for their portfolio and their investment strategy in the next 24 months.
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