Is Right Now A Great Opportunity To Invest In The Property?

https://www.youtube.com/watch?v=gbAWx9dJ_QI Transcription: Ryan 0:00the market is developing really quickly right now at the moment with obviously a lot of hysteria happening in the media and a lot of negativity out there and we kind of want to provide you with what kind of opportunities to this present in the market and why this could actually be one of the best times for you to buy hi i'm ryan from onproperty helping you achieve financial freedom and today i'm joined by ben everingham buyer's agent from pumped on property we just released a video or talking commentary about what is happening globally what's happening locally in the economy and how that may affect property prices so if you haven't checked that out we'll link it down below but ben is on the road looking at different properties for clients as is the people that work over pumped on property and they've been seeing a big kind of shift in the market being able to close on better properties and more properties and so we wanted to bring that information to you today because that's something that 60 minutes isn't going to cover current affairs not going to talk about this so if you got your head screwed on right if you're an investor who actually has a long term vision and a long term plan this can actually be a good opportunity so off camera ben you're talking about you know what's happening right now Ben 1:18yeah so if we look at the last 12 months right because like i'm right on the pointy end of the needle in terms of feeling the economic impacts directly in our business because you know leads ebb and flow and the number of people reaching out to us and you know you can even see it in our comments the amount of love if it's a good economy or the amount of hate if it's a bad one it's like a good gauge of what's going on so at the start of last year the first half of the year people were freaking out then the election happened then interest rates dropped and then paper went absolutely feral and then we got into the new year people have been going absolutely feral for the first two months of the year and then all of a sudden we get news that there's a deadly virus you know killing one out of every two people if you listen to some of the news channels and you know all of a sudden the stock market which should have starts getting bumpy and people go back into their shells so what that means is that eight out of the 10 people that you would have seen in your open home at sydney melbourne or brisbane right now aren't showing up because they don't want to get coughed on or because they're too fearful which creates an insane opportunity for the two people out of every 10 that still want to continue to move forward with their dream Ryan 2:41yeah and we're saying off camera that when you're investing in property it's really important to have that long term plan in mind and to understand how this current property purchase actually fits into that long term plan how short term it can work for you with growth and cash flow but how you can hold that for long term i can help you achieve your goals because that's eventually what we're aiming for it's not just the next 12 months but it's the next 12 years 24 years etc and one of the things that can happen in a really hot and really frantic market is that if you're going to an open home and there's 70 other people there and they're doing a silent auction secretly in the backyard between four different couples then that can be really overwhelming it can lead you to actually compromise on the type of property you want compromise on the price of the property compromise on your cash flow and compromise on all of your long term goals because the pressures there that i've just got to buy something quickly and when the market changes like it may be doing at the moment we're not sure we don't have a crystal ball of exactly how this will play out but when it changes and ben's now got real estate agents emailing him saying you know have you got any clients that this would be suitable for and reaching out to you more rather than when it's hot and you now have opportunity to look at what is exactly right for you what's going to fit into your long term plan and then you also have the time to negotiate and to get the property for the right price Ben 4:13i love that man like can i just unpack my mindset which you know isn't the same as every other investors in the world like i can be highly emotional i can also be highly logical i can be overly analytic i can be scared i can be like is it the right time i can have confidence i can lose confidence like i sometimes my wife's on board sometimes she's like hey just chill the hell out sometimes my friends are positive about shit sometimes they're you know talking rubbish about stuff they don't know and so all of the same things that influence everyone else the media influences me too but i've got three different ways of looking at the market in the next 12 months my honest expectation in my stock portfolio and my property portfolio is I could lose 20% this year. And I think that every year starting the year, I could go flat, or I could make 20%, or anything in between that. And that's my 12 month expectation, always that I could lose money. My five year expectation is that I have no idea what's going to happen. But if I actually understand timing, and really rip apart markets, I can probably choose a better market over a worse one like Brisbane right now versus Sydney, for example. Over 15 years, I am fully bullish. I know that people figure out solutions to things like viruses, I know that we've we get smarter with the way that we manage the global economy. I know that we learn and we want a better future for our kids. And I know that over 15 years, there'll be bumpy years, but the average of me investing in stocks or property over that time will be a positive one. So that's what a lot of people don't have, like when these short term bonds come up, they lose confidence in the big picture, the big. Ryan 6:04Often people don't have a big picture. And then it's like, I want to invest in stocks. So I won't invest in property to make money. And that's kind of like as far as I think. So like, yeah, so when it's going up, they're like, Okay, good. I'm making money. And when there's going down, they're like, I'm not making money, I'm losing money, that's bad, which is obviously not good. But if you've looked at it, 15 years down the track, and you're like, my focus is on acquiring a high quality asset that in, you know, 1520 years, however long your plan is, is still going to be rented out, maybe it's going to be completely paid off, I might have added a granny flat to it. So I've got even more cash flow coming in. But if you're like, I want to focus on acquiring the best asset that I can for the long term, when you enter a market that's not frantic and everyone's staying home, or everyone's lining up at Kohl's to buy some more toilet paper. Instead of looking at property. I'm gonna buy Ben 6:55some toilet paper, like toilet papers in people's houses that bought the toilet paper. Ryan 7:01But yeah, if you're in that situation, then you know, you can look at Okay, what is the best asset is going to be for me, and you've got an opportunity to go out there and find it and maybe even get it at a distressed price. Ben 7:13It's completely right man, like, you know, the best investors being the Warren Buffett's the Ray Dalio is the Benjamin Franklin's all have quotes online. And so do you know the Georgia's like all of the best guys of all time, have the same philosophy, which is like almost do the exact opposite of what like the mainstream is doing because we know where the mainstream ends, and that's broke, generally on the pension, or with a little bit of super and not many options, retiring at 70 nm living life. It's like, if you want to do that, that's cool like that, for me, you know, I want something so different, I want choices. I want to spend time with my family, I want to do like life enriching positive work, I want to contribute volunteer travel, start cool businesses invest in assets. And I want to do it young, like I want to be financially free before I'm 50 years of age. So that means, you know, when everyone else is looking here, on here, like I'm trying to do something different, because you know, the same people that are freaking out now, we're the same idiots a couple years ago, buying Bitcoin at $20,000. In our domain, it's just the same mentality of chasing short term returns, and then retreating as soon as things get bad. There are people that live in fight and flight mode constantly where like, I think people like watching this and you and I sit in the uncomfortableness, collect data to make good decisions, trade a long term plan, and then slowly and safely execute one foot in front of the other. Ryan 8:42Yeah. And I think taking in all those data points, and making an educated decision in this time is really important as well. It's not just doing the opposite of what everyone else is doing. Because sometimes the market might still go down, as Ben said, who knows what's going to happen in the next 12 months, but it's looking at all the data and all the stuff, all of this stuff we've talked about in the past, looking at the data that's saying over the long term, Metro markets tend to perform outperform regional markets, investing closer to the city or on the beaches tends to outperform the kind of the outer rings of an area looking at, Ben 9:18like rain sizes, like lower vacancy rates, higher incomes, like smart fundamentals, and then going what's happened in the last year cool. What's happened in the last 10 years? What's happened in the last 50 and making better decisions based on timeframes? Ryan 9:34Yeah, and then also looking at even potentially going to the mid cycle slowdown. Now,