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The Wealth Faculty
In this ground-breaking and inspiring podcast series, Positive Real Estate’s Jason Whitton embarks on a journey to discover the true meaning of wealth, by interviewing world-renowned leaders and wealth champions who have achieved extraordinary levels of abundance. Some of whom are the very experts and advisors that have impacted and contributed to Jason’s success as a property investor and coach.
Own vs Rent: Which Is Best for Property Investors?
It’s the age-old debate: as a property investor, should you buy your own home, or should you rent? When it comes down to it, either owning or choosing to rent is entirely preferential.
However, your long-term financial goals will determine how you approach this situation.
So, let’s talk about the benefits and drawbacks of both owning and renting in the property investor space.
The No #1 Thing All Smart Investors Do When Buying Property
Being a successful, smart property investor means asking a lot of questions, all the time.
Making a decision about whether or not to buy a property is never just about asking the question, “Is this a good property to buy?”
Compared to what? A three-bedroom house in Sydney, or a one-bedroom studio apartment in Bendigo? What are you comparing it against and how does it measure up?
The art of comparison is a skill you need as a smart investor because the real estate market is an ever-changing, fluid thing.
You have to look at the big picture, never assume you know all the answers and ask a lot of questions to be sure you’re making smart investment choices and decisions.
TWF 28 – Pam Brook on Family, Career & Brookfarm
Pam Brook is co-founder of Brookfarm, a family business based in Byron Bay, New South Wales. Together with her husband, Martin Brook, she has transformed a rundown, weed-infested dairy farm into a spectacularly beautiful patch of land that follows regenerative farming practices and produces premium nationally recognized macadamia products. She is a great believer in a nutritionally balanced diet and a healthy, sustainable food chain. In a previous career, she worked as a dentist.
Today – Pam is the author of the new book We Can All Eat That – a book all about raising healthy adventurous eaters and helping to prevent food allergies.