Jaryd Krause discusses his experience in the commercial property search phase. He shares two different deals he had in the past month and the lessons he learned from them. The first deal was a retail shop in Sunshine Coast, but due to fire attacks and other risks, he decided to pull out.

The second deal was a warehouse in North Brisbane, but he lost out to a higher offer. Jaryd emphasizes the importance of not getting emotionally attached to a property and making conservative projections. He also discusses the pros and cons of each deal and the challenges of finding positive cash flow properties.

EPISODE HIGHLIGHTS

• Don't rush into a property and make sure to conduct thorough due diligence
  
  
• Be cautious of risks and potential issues with the property, such as fire attacks
  
  
• Avoid getting emotionally attached to a property and making predictions before acquiring it
  
  
• Consider the cash flow position and the long-term potential of the property
  
  
• Take into account the current economic climate and interest rates when making investment decisions

CHAPTERS

00:00 Introduction and Overview

03:21 Lessons from the First Deal: Retail Shop in Sunshine Coast

08:21 Pros and Cons of the First Deal

11:04 Lessons from the Second Deal: Warehouse in North Brisbane

18:05 Pros and Cons of the Second Deal

25:09 Considering Cash Flow and Risk Tolerance

29:01 Using Borrowing Capacity and Making Conservative Projections

32:06 The Current Economic Climate and Interest Rates

34:12 Conclusion

ABOUT THE HOSTS

Sam Powell is a certified property investment advisor and registered property valuer with an illustrious career helping people save and make millions of dollars through property investing.

Jaryd Krause considers himself a student of property, owning his own portfolio of property and online businesses he shares his failures and successes through his property journey.

The Property Pals is strictly just a podcast on how to help you earn passive income through property investing to live a better lifestyle. We have no products or services to sell you, if you ever want help we can refer you to the different people we use for our own personal property portfolios.


RESOURCE LINKS:
➥ Property Pals Website - https://www.propertypals.au/
➥ Property Pals Website - https://www.propertypals.au/coaching
➥ How To Maximise Your Borrowing Capacity Mini Course - https://www.propertypals.au/resources


Disclaimer:
Any information shared by Sam, Jaryd & The Property Pals team is strictly general and should not be taken as constituting professional advice. You should consider seeking independent legal, financial and taxation advice from a qualified professional.

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