- 14
- Episodes
- 2024
- First episode
About Buy Right Property Book
The Buy Right Approach to Property Investing - The interview series The basic premise of this book is that the best time to sell property is never provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate Bakos' and Pete Wargent's industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what's involved in buying the right property, which includes: doing your due diligence on areas, properties and price researching historical capital growth and performance calculating your return on investment adopting a cautiously optimistic outlook and long-term view managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. This 13-part interview series captures the essence of their industry friendship and shares with the listeners how the book evolved from an idea over pizza, and grew into a fabulous reflection of their shared and individual experiences on their respective property journeys. Each chapter is broken down and canvased with tips for their listeners in every episode.
- Publisher
- Cate Bakos and Pete Wargent
- Category
- business · business · education
- Language
- en
- Explicit
- No
- First episode
- 11 May 2024
- Latest episode
- 11 Oct 2024
Latest episodes
14 episodes in the feed.
11 Oct 2024
Interview 14: Seven useful mental models for property investing
This bonus episode was recorded six months after the book hit the shelves. Cate and Pete chatted about a the book's success so far and what it feels like to be authors. They also delved into seven useful mental models for property investors; an important topic that they incorporate into their upcoming course also. From leveraging to compounding, they tackle each point in detail. In addition, they canvas; • When the penny dropped for them as investors • Early mistakes • How investing has changed in twenty years We hope you enjoy! Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
30 Jul 2024
Interview 13: Enjoy the journey!
Pete and Cate's final interview in the book series is out! Some of the topics covered include: How regularly an investor should do a stocktake/audit Why 'buy and hold' is so vital What property investing looks like in 10, 20, 30, 40 and 50 years, and How can readers join our inner-circle? Property investing can be life-changing, but as the series (and book) reminds us, it takes a special combination of discipline, mindset, consistency and time. Along the way though, it's a bonus if you can enjoy the journey! Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes: • doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
17 Jul 2024
Interview 12: Navigating the Future
Pete and Cate unpack the next chapter: Navigating the future. -Things change and you will change -Their journeys have been wildly different, and yet some common aspects too. They reflect on these differences and identify the common themes that have made for their individual investing success stories -They tackle a challenging concept: What will Australia be like in 2050? – bigger population, wealthier nation, more tech, and ask "Where will we live?" Will there be more inequality? -Tech and AI, will it change anything? Jobs may change but there will always be more employment. -Lower fertility rates, more immigration; what does this spell? -Investing like a pro and considering your investment portfolio a business is essential for success. And they tackle the all-important point: Enjoying the journey! Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
1 Jul 2024
Interview 11: Financing
As Pete quotes, "Property investing is a game of finance, with houses in the middle". This interview focuses on the importance of getting the right advice at the start to build a robust financing strategy. Pete and Cate cover off a lot in this lending-focused interview, including; - Loan structuring - Mortgage types - Refinancing - Lender appetite for specific property types - Titles - Zoning - Valuation shortfalls - Reinvesting with equity And they ask the all-important question: "What happens when you run out of borrowing capacity? Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
25 Jun 2024
Interview 10: How to build a powerhouse portfolio
In this interview episode, Cate and Pete cover the all-encompassing tasks of rolling your sleeves up getting into building the portfolio. The steps include the following: -Planning your purchases -Use a calculator -KISS -Long term plan for all seasons -Buy when you can and can afford to -Don’t obsess about timing -Buy quality assets you never need to sell -Diversify -Think about the end game Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
16 Jun 2024
Interview 9: Bidding and Negotiating
Cate and Pete enjoy this rigorous chapter and they cover off a lot of tips, tactics and skills that they employ for their clients on a professional basis. Auction versus private treaty Auction registration Bidding tactics Signs of bidder nerves… how to spot them! Negotiation tactics “Best and Highest” offer regimes Off-market properties, and Using a Buyers Agent Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977) To join their inner circle, check out their book page or facebook page here: www.cateandpeteproperty.com.au Facebook closed group (https://www.facebook.com/profile.php?id=61558575598977) Our audio interview series is out! Join us for some behind the scenes chats about our new book. Link below, or download on either iTunes or Spotify. *Buy Right Property Book* https://www.spreaker.com/episode/interview-1-where-did-it-all-start-and-why-did-we-decide-to-write-a-book-together--59977072 (https://www.spreaker.com/episode/interview-1-where-did-it-all-start-and-why-did-we-decide-to-write-a-book-together--59977072)
3 Jun 2024
Interview 8: Getting stuck into it!
What are some of the barriers to getting stuck in to it? What mistakes have we seen investors make? Who do you need on your team? In a sense, building wealth is very simple. There are only five steps that you need to be able to follow: 1. Spend less than you earn. 2. Invest the difference. 3. Reinvest the gains. 4. Protect your wealth. 5. Go back to step one. In this interview, we chat about some of the attributes of successful property investors and some of the key actions that set them on the right path. From creating a good savings habit to setting the purchase strategy, we share some of our own experiences to bring this important chapter to life. Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes: • doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977) To join their inner circle, check out their book page or facebook page here: www.cateandpeteproperty.com.au
3 Jun 2024
Interview 7: What can go wrong?
We chat about the various aspects of the planning and execution that can go wrong. From horribly wrong, with losses incurred, to subtly wrong, with resale threatening an investor's profits, here are some of the common things that investors get wrong: Buying in the wrong location Buying the wrong property and paying too much Buying with the wrong people Buying for the wrong reasons Buying with inadequate planning Buying an investment property for the wrong reasons Property can be such a powerful asset class, but we’ve seen plenty of people make mistakes buying for the wrong reasons. It happens often! We'll chat in detail about the following mistakes: • Buying for tax benefits – depreciation and Land to Asset Ratio • Buying due to social pressure • Buying for children • Buying a holiday house • Purchasing a home for your future self • Buying with the idea of getting rich quick You may wonder what’s wrong with some of these! We will dive into why they’re pitfalls. We also share four ways to manage risk: Manage debt – ignorance is not bliss when it comes to financial obligations! Be familiar with the lender(s), terms, and repayment status of your liabilities. Stop worrying what others think – spending on stuff that isn’t really needed rarely helps the cause, so don’t go broke trying to look rich. Read widely – educate yourself. Try to challenge your own preconceptions. Diversify – the future is far less predictable than we tend to think, therefore all your eggs should not be in one basket. Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes: • doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977) To join their inner circle, check out their book page or facebook page here: www.cateandpeteproperty.com.au
27 May 2024
Interview 6: Being cautiously optimistic...
Optimists tend to fare better in property than pessimists and negative news sells. In fact, it's believed that three times as many clicks ensue for a negative article on average! In this interview, we chat about how investors can thrive without negativity undermining their success. With some clear examples, great personal stories and some data on hand, we shed light on some of the positive tactics they applied to their own personal journeys. We’ll talk about some of the naysayer claims and how/when they were disproven; from COVID to the GFC to name a couple of tough eras. And as Pete says, "It’s better to be approximately right than precisely wrong". Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes: • doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property)
27 May 2024
Interview 5: Why Property?
Why property? Why not shares or other assets? Because property creates more millionaires than any other asset class. There are four main reasons, which we touched on in an earlier interview; You can be above-average at property investing. You can use leverage. Property has had solid and steady long-term returns. Property can be improved with effort (such as through renovation or rezoning, for example). We look at each of these in a bit more detail and cover off some of these points... What it is about this asset class that makes it special? Leveraging: when it’s important and when less important Compound growth examples The Rule of 72 Imperfect market – most people aren’t investors, just home buyers Tax benefits Long term returns and a glimpse into the history pages of the Australian property market Long term population projections for our nation going forward Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
22 May 2024
Interview 4: What is the Buy Right Approach?
In this interview, we cover compound growth, along with some gripping examples. The power of a long term focus and a strategy cannot be underestimated. We also touch on some of the challenges buyers face, such as borrowing limits, fads, and new properties, among others. From the Lindy Effect to proven methodologies, this chat gets to the heart of what our book is all about. Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
19 May 2024
Interview 3: Who are YOU?
We’ll chat about the enneagram, buyer profiles and the things that can catch out buyers when it comes to misunderstanding their profile (singles and couples) What are some of the blockers that we see investors falling prey to? How much is enough? Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
11 May 2024
Interview 2: Who are we? Here are our stories....
Our second interview in the series shares a bit about US! When did we meet? What did we discover we had in common? How did we start our own investing journeys, and when? What were some of the mistakes we made along the way? How did our families, friends and environment shape us as property investors? How we feel our property investing has shaped our own lives. Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
11 May 2024
Interview 1: Where did it all start? And why did we decide to write a book together?
In this debut episode, we share a bit about the inception of The Buy Right Approach to Property Investing book. We hope you enjoy the interview series! What do we want for our readers? What are some of the common questions our publisher has asked us? How is this book different from our last books? How long have we been working on it? What are some of the steps authors go through with their publishers? We share some of the memories we have from the months of writing on either side of the globe while Pete was in the UK, and we share a laugh about our original title for the book. Cate and Pete believe that the best time to sell property is never – provided you buy the right property in the first place. The Buy Right Approach to Property Investing will help you to achieve a passive income and financial freedom through investing in Australian property. Cate and Pete’s industry knowledge of Australian property investing shines through with detailed reflections on a multitude of investor successes and mistakes. Importantly, they outline what’s involved in buying the right property, which includes:• doing your due diligence on areas, properties and price • researching historical capital growth and performance • calculating your return on investment • adopting a cautiously optimistic outlook and long-term view • managing your risk. Their mission is to demystify much of the jargon in the world of real estate and enable readers not only to better understand and relate to property investment goals but to embrace their confidence and take sensible, well-informed action. Link to the book (https://majorstreet.com.au/products/the-buy-right-guide-to-investing-in-property) Join our facebook group here (https://www.facebook.com/profile.php?id=61558575598977)
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