In this episode of the Commercial Property Show Australia, host Andrew Bean welcomes back full-time professional investor Tam Thorogood to discuss a joint venture (JV) deal she initiated in 2020. Tam takes us through the journey of purchasing an industrial shed, starting from its initial market appeal to the due diligence process and investment decisions.
Key highlights include:
- The impact of a zoning change from "light industrial" to "local centre."
- Strategies for increasing property value and successful negotiation tactics.
- Identifying under-rented properties and executing a renovation plan.
- Overcoming challenges in buying out a co-shareholder and securing finance with high-interest rates.
- Transitioning from multiple tenants to a single tenant and the benefits involved.
- The significance of tenant fit-out contributions and the bank's valuation of $800k.
- Comparative property sales and their influence on investment perspectives.
- Lessons learned about property investment and management, and risk assessment and mitigation strategies.
Tam also shares her approach to future real estate investments, offers advice for those considering similar ventures in the current market, and outlines her plans for leveraging this success in future endeavours. Don’t miss this insightful episode packed with valuable tips and strategies for property investors.
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HOSTED BY: Andrew Bean
Ph: 0410 694 633
Website: www.andrewbean.com.au
Email: ab@andrewbean.com.au
YouTube: @andrewbean28
LinkedIn: http://linkedin.com/in/andrew28
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What’s Included:
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