podcast

How to buy under-market-value properties

Todd Hunter
0

Todd Hunter, Director wHeregroup

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For me to know that I'm actually buying good value real estate, I've researched my areas, I've gone there, I've spent time on the ground, I have no emotion to the property at all. I look for a whole bunch of suitable properties that I would look at purchasing and, say there was ten, I would just put low offers on the whole ten of them. So the best way for me to buy under value is by really low balling, insultingly low offers and you wait for the real estate agent to come back and say "Look, the vendor won't take your offer but let's negotiate". That way you know that you're going to be buying well below market because they're a desperate vendor who needs to liquidate and get out.

Listen to other instalments of The Smart Property Investment Show:
Episode 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
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