The Armchair Guide to Property Investing Mini-Series:
- Bryce Holdaway and Ben Kingsley have created a new podcast mini-series based on their best-selling book, The Armchair Guide To Property Investing.
- The mini-series offers behind-the-scenes stories, chapter summaries, anecdotes, and backstories that bring each chapter of the book to life.
- Over 45,000 copies of the book have been read by individuals looking to retire on $2,000 per week through property investment.
- The aim of the mini-series is to provide listeners with an insider's look at the making of the book in a unique and insightful way.
- Listeners can obtain a free copy of the book by visiting www.thearmchairguide.com.au and paying for postage.
Buyer's Decision Quadrant:
- The Buyer's Decision Quadrant serves as a framework for asset selection when choosing an investment property.
- It consists of four areas: price, location, land content, and dwelling quality.
- Price is typically fixed as it depends on budget constraints.
- Location plays a critical role in property value appreciation and often requires compromise if the desired location is not affordable.
- Land content refers to how much land one can afford within their budget and desired location. It determines the type of dwelling that can be purchased.
- Dwelling quality involves compromising between buying a ready-to-move-in property or an older property with renovation potential.
Compromise in Property Buying:
- Buyers frequently need to compromise on one or more aspects of the Buyer's Decision Quadrant due to budget limitations or personal preferences.
- Compromising on price may involve adjusting borrowing capacity or comfort levels.
- Compromising on location could mean moving further away from desired areas but still finding growth opportunities in those locations.
- Size of land content may require compromising on space or amenities depending on individual priorities and budget restrictions.
- Quality of dwelling can vary based on personal preferences and willingness to invest time and money into renovations.