Search Party Property

Why would you sell an Investing Property? #187 I just sold a Property in Melbourne, at made $110k profit in 4 years - Sale price $293K 1. Property is at the Peak of the market - You’re thinking there is going to be a price decline 2. Look to move the money into other property or business 3. Watch out for the Capital Gains Tax - especially if you are doing multiple sales in 1 year   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Are you doing your Passion? #185 My Uber Drive does - Cars Deals & Sells them overseas - Big market in Scandinavia-car clubs His keys to success - 1. No car shows or advertised cars (Buy Wholesale) 2. Sticking to 1 strategy, simple formula - $120k sell, $70k buy + $15k Reno (at most) $30-50k profit 3. Understand cars, find faults in 20 mins looking under the car (Bumper dent - I hope nobody was killed) 4. Set up his team - staff in USA & Overseas - equally as passionate … Why retire, when you live what you do To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

What can we learn from Flipping property LA Style? #183 Property Tour with Adam Halen in Los Angeles 1. Solving peoples problems 2. Working with a team 3. Making profits To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Why some see problems, others see opportunity? #182 After talking with a few LA locals… When people complain I hear - OPPORTUNITY 1. Issues with affordability, rent control, cost of living pressures 2. The mindset of how you want to live - do you accept it, dwell… OR move forward? 3. As investors, we are problem solvers   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Why would you use a Property Buyers Agent? #181 Our Aim is to help people retire in 10 years 1. Get discounted Properties that will be even more than the $8,800 fee we charge - because of relationships built over the past 9 years 2. Area and Property knowledge - What streets are better than others? Why does one deal work over others? 3. Your time - is your time better spent in your job or with your family? To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Do you Escape from Property completely? #179 1. 1st photo - building site 2. Drawn to people and things associated with property (architecture drawings at SYD airport, finance talk, 2 guys at a cafe in LA) 3. I did - sample the local Korea Town food To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Do you allow for Escapism? #178 1. During the day 2. For extended periods 3. Consistently to rejuvenate To discuss ideas. Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

How do you work on yourself for better outcomes? #177 1. Being yourself 2. Letting go of your thoughts-Avoid overthink 3. Escape the daily grind - mix it up   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What value do you get from being with like-minded people? #176 1. Motivation 2. Ideas 3. Momentum 4. Education To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

How important is your Property Manager with Investing? #174 1. The selection of the tenant 2. Moulding the tenant to be proactive 3. Communications and Efficiency To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers 

What do you need to be Self Aware about in Property? #172 1. Do you go it alone? It is cheaper, it’s easy to buy property 2. Looking for the Quick wins - focused on the Money 3. The relationships you make - does it feel right?   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What are the little things some investors miss? #171 1. More affluent Buyers heading to Europe/USA for mid-year and year-end Holidays 2. Building relationships with agents will help with knowing if they want to move a property fast or slow 3. Getting those off-market deals, especially in a low listing environment   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Wanting to invest as little as $10,000 into Property? #169 1. Asking price: $5M. Offered $4M. Vendor Countered at $4.5M. 12 months passes. Vendor finally agrees to $4M price. (Vendor's bank Valuation which came in at $4.2M) 2. What are the reasons for this Caboolture Property provide capital growth? 3. How does the investment works, and How can people get involved? To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Why are Costco and Buyers Agents the same? #168 1. Relationships with Agents (Suppliers) 2. Buying in Bulk 3. Ready qualified buyers To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

Would you buy a unit that is less than 20 years old? #166 1. Opal Towers & Mascot Towers - ongoing issues & potential of decreased values 2. Outside Cladding fire risk on high rises units 3. Over supply of units - For Sale & For Rent (in some areas)   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

How do you get past the life and property issues? #164 You can also view the Facebook Live Video with Tony Meredith - 23 June 2019 (Luke Moroney - Facebook Page) 1. Why people know what to do, yet don’t do it 2. Focus on the solution, not the problem 3. Busy day, overwhelmed, What do I do?   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

If you buy a Dud Property, how do you move forward? #163 1. Assess the property, the current market, the economy - do you hold or sell? 2. What are the lessons you have learnt, and/or is the Property market been poor? (Finance has been tight for everyone) 3. Do you have patience? What is the rush? To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What’s happening in Melbourne outskirts? #162 1. Lower listing numbers, and lower buyer numbers 2. First Home Buyers - waiting for the Government Incentive - starting in 2020 3. Buyers handing back their deposits or looking to on-sell New Builds at lower price To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

There are big drops in New Build sales!! #161 1. Sales volumes fallen 30-70% for various developers in past 12 months (SMH article - Rob Freeman - Macquarie Equities) 2. Buyer Defaults are at 5%, well above average of 3% for Stockland? (SMH article) 3. Economy continue to looks weak, with thoughts of rate cuts or quantitative easing - suggested by Reserve Bank of Australia OPPORTUNITIES FOR BUYING ARE OUT THERE!!   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

As an investor, when you pay down debt? #160 1. What are your goals, vision, purpose & what are you comfortable with 2. Is there a ‘Best Practice’? (does one method fit all) 3. If you want to maximum your potential to grow, are you maximising the leverage?   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Are REA & Domain going to be phased out? #159 1. More use of Facebook, Instagram, and other social media platforms to sell 2. Higher cost to use REA & Domain (they might need to reduce their prices 3. There is a new site - Homes.com.au (looking to compete the Duopoly)   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Do you go Slow or Hard and Fast with your Property Investing? #158 1. Important to have self awareness - what can you cope with, what is your risk level 2. What is the state of the property markets and the economy 3. Are you looking for the quick wins - just for the money? (it is like the lotto win affect)   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Are you ’Trusting the Process’ in Property Investing? #157 (Discussions on Facebook Live Video with Tony Meredith) 1. Take one step at a time - Crawl, Walk, Run 2. Avoid comparing yourself to others 3. Keep the focus by creating habits for yourself To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What are the issues when building and renovating? #155 (Based on discussions with Tony Gallagher) 1. Preparation before starting - 3 by 3 approach 2. Network - Talk to others about what you are doing - Tell the world, and people are likely to offer help 3. Expert Help, Strong Communications, Constant inspections - keep the trades accountable and happy To discuss ideas. Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Do you analyse and over analyse Property Investing? #154 1. Education and know the market is important 2. Be careful of what the data is telling you - are there underlining stories, is the data manipulated by the author? 3. Almost all Property in Sydney grew by 50%+ if purchased in 2012. If you purchased well, you would have seen 70% growth To discuss ideas,   Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What types of Insurance will help YOU? #152 1. Personal protection - Life and Trauma 2. Business or Employee 3. Property Investing (Cashflow and Growth if Assets)   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.

What issues are facing the Aussie Economy? #151 (According to Dr. Andrew Wilson) 1. Government Spending is lower 2. Dwelling investment down 3. No lift in consumer consumption (Positive - trade is in surplus - mostly due to Iron Ore, although it’s not creating too many jobs) To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

How to increase your wealth, when you have no cash? #150 1. Be a deal finder - offer to help other people or companies (become an intern) 2. Increase your income and reduce expenses 3. Look for money partners - don’t be scared to ask for money… we all borrow money!   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

How do you become a better investor (mentally)? #149 1. Focus on what you want, and what you’re willing to sacrifice 2. Communication with yourself and others 3. Work on facing and concurring your fears To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Lessons of Search Party Property-1 year in business? #148 1. We get to help so many people create their wealth - awesome to see multiple clients 2. So many challenges - the ups and downs are part of business and property 3. It is still a buyers market & the power of social media To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

When Sellers get it wrong, and Investors look for bargains! #147 1. Colourful paint of interior or exterior - and/or different colours used in each room of the house 2. Untidy yard 3. Styled and designed with personal taste in mind, which is likely to detract the majority of buyers - (e.g. having a skelton skull or having theme throughout the house) **On the flip side, if the property is well style, is neat, uncluttered - the seller is likely looking for a high price.   To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Can conservative investors build a Property Portfolio? #145 1. Bring in Team members that will assist with the conservative ideas - dive a little deep in the reasons why you might be holding yourself back 2. It’s about taking one step at a time - avoid the overwhelm 3. If there is an increased motivation and desire to create wealth, you’re like to push through the conservative barrier To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What does Luke need to work on? #143 1. Give more value about Property for Investors and home buyers 2. Putting myself out there more and showing my unique difference 3. Prospecting for clients To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

What are the Global economic issues? #142 1. Trade wars between USA and others (China & Mexico… for the moment) 2. Bond Yields, and Junk Bond refinancing 3. Global interest rates low - people are looking for higher returns, and will take extra risk - which is inflating the share markets To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Are you hearing about more job losses? #141 1. Telstra is cutting 6000 jobs, and cuts in finance and property sector 2. Minimum wage increased, Will it help? There is no Wage growth. 3. With uncertainty brings opportunity!! To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.  

Are you putting yourself out there in your Property Investing? #140 1. Taking that first step, and second - Asking questions, getting outside your comfort zone? 2. Constantly talking with experts, experienced investors, and attending events 3. Do you maintain the Property habit, or fall off - as many do?

Why the ATO’s aggression might be sign of a weakening economy!! #139 1. Worried that bad debts are going to increase, and looking to get the money now. There could be a sign for tougher economic times, and the ATO might be looking to avoid major debt issues - like during the Global Financial Crisis. 2. 2/3 of businesses have outstanding debts with the Australian Tax Office 3. Lots of people in Property industry have been affected - Construction, Real Estate Agents, Trades people, Sole Traders.  

Are there issues with Rental Vacancy, and What do you do about it? #138 1. Oversupply in the unit market across many areas of the country 2. If people continue to move out of Sydney, more supply will come on the market - international immigration will help (assess every area) 3. You can Do to minimise issues - choose your investment wisely, have a good relationship with the tenant, keep it neat and tidy, repair and maintain.  

Are you thinking about your future path in Property? #137 1. Will help you think and focus on the journey to create - what strategy? 2. Thinking about the future will help with think longterm - having patience over seeking out quick wins 3. You start becoming or creating what you think about (where your focus goes, the energy flows)

Are you acting as the Queen Bee of your team? #136 1. Looking for the right team members to work with 2. Ultimately, you are the one that needs to do the work and make the decisions - (Nike - Just Do It… Take Action) 3. Learn the lessons, if that means failing a different points, understand it is a lesson.

Tony Locantro suggests a 35% decline in Sydney Property! #135 (Minimum 35% drop in Sydney Property prices - peak to trough… And Recession to come - and we are technically in a per capita recession) 1. House and Land Packages - oversupply (Jordan Springs, Rouse Hill, Box Hill - being the centre of the Housing Bubble) - Bubbles don’t need a pin - Bubbles deflate from an exhaustion of buyers 2. Consumption is 58% of our economy, Millennials addicted to After Pay, unemployment to rise, and construction to slow. 3. The banking serviceability still an issue.  

Are you hearing about hardship in the house and land package or off-the-plan unit markets? #134 1. Reports coming through from main-stream media (Channel 7 - Melbourne story) 2. Lending and Bank Valuations have been tough for the past 2 years, and there is worry in the economy 3. It might get a little easier for some of these people, with potential interest rate and lending changes

Why are relationships key to investing? #133 1. Better deals 2. Work with each other down the track 3. Help with your growth personally & in wealth creation

1. People are likely to feel more confident (no changes to Negative Gearing, Capital Gains Tax, Franking Credits, inheritance taxing). Consumer sentiment likely to improve 2. We still have an issue with Lending - the ability to service a loan - with the tough requirements. 3. Likely to see more listings hitting the market… more supply with limited demand will see prices stagnant or dip.

What do you need to watch out for? 1. Renovators/Flippers are looking to make a quick buck 2. Cheaper, less durable materials (USA - Home Depot example) 3. Do your due diligence when buying - inspections, testimonials from builders clients, research the company and builders history

1. What does Passion for Property mean? Living and breathing property - you would rather go to an open inspection than a footy game 2. The more passionate you are, the more likely you will want - to do, to learn, to grow 3. Passion isn’t a requirement, but ensure your team members are passionate about it

1. Looking for quick wins might result in high risk and financial ruin 2. What is the rush / enjoy the journey / is it about the learning or the money 3. Often people’s financial issues come from holding the wealth rather than growing the wealth

Australian Bureau of Statistics figures are out, what does that mean for Property and our Economy? #125 1. Lending down in March 3.7%, and 26% drop in 12 months 2. Construction of new homes - down 20% from July 2017 3. What will the election bring??

1. Budget Management - Keep a close on your Income & Expenses constantly 2. Look to invest in Low Risk strategies, with the potential for growth 3. Portfolio Management, and avoid risking your entire wealth on 1 investment/business

1. 2 out of 3 businesses are struggling 2. Business not fully aware of their Liabilities - tax, debts, super payments, paying staff 3. Businesses need to have a 12-18 months tax plan in place *Construction industry struggling *Book Keepers getting the numbers wrong *Builders struggling with developments

1. Persistence (through rejection) 2. team will help you move faster 3. Avoid comparing yourself to others (stay in your path)