How ice addicts potentially ruined an investment
Julian Lancey rejoins host Phil Tarrant to discuss the restrictions banks placed on investors that have made it “basically impossible” for Julian to grow his portfolio.
The investor unveils challenges he endured when renting out his investment to drug addicts, explains the importance of landlord insurance and shares his insights on how you won’t make the same mistake.
In this episode, you’ll also find out the challenges of the market dynamics Julian faced, how he tried to overcome the restrictions placed on him by renovations and refinancing and why he thinks “property is the best”.
All of this and much, much more!
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Suburbs mentioned in this episode:
Sydney
Potts Point
Darlinghurst
Kings Cross
Parramatta
Seven Hills
Newtown
Baulkham Hills
Bella Vista
Castle Hill
Rouse Hill
Chatswood
North Sydney
Bankstown
Manly
Rose Bay
Related articles on interest:
McGrath says Sydney won’t be subject to 40% correction
Perth’s rental yields falling, capital growth outlook still strong
Things to consider before investing in a regional town
Median prices or values – which is more important?
More from this writer:
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Following the family tradition
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Strategies, affordable housing and increasing market opportunities
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How this investor learnt from costly mistakes
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From engineer to buyer’s agent
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How this investor made a career out of a hobby
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How is each property market really performing?
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Q&A session with Paul Glossop – more questions answered! March 2018