Home Evaluetion Pros in yarraville on a good block of land with a north-facing backyard andhe's like okay. Melbourne Property Valuers I'm going to earn a crustfrom selling his house but you're madyou should keep it but he wants to sellit but um it's interesting that he hadsuch her that's where we go I always goon what's next right well the next oneis now we're down to bricks and mortarso there's there's a risk around theactual property yeah but a lot of themcan be mitigated qualities the first onefor me is poor asset selection you heardus live drum on on that is all the timethat that's I mean if that's new toanyone here just rewind so hard sothat's that's but that's that'scontrollable yes um but the other one iscontrol risks and we have talked aboutthis before on the podcast but air iswhere things happen to your propertythat are outside of your control yeah sosome of the cases can be examples bodycorporates so you're buying into a bodycorporate now usually you don't know howmany owners are on the body corporatebut imagine if you bought into a bodycorporate property and there were sixproperties and as you bought one ofthose properties you found out thatsomeone owned four of the others so allof a sudden the body corporate votingrights and not in your favor you are aminority operator inside that bodycorporate so if that person who ownsfour wants a new roof wants all thesethings done it's very difficult for youto counteract that and so all of asudden this control risk can also bepart of that play where what's going tohappen here is you're going to bechallenged around special levies andtheir extra costs so all that returnthat you thought you're going to be ableto receive can be chewed up inadditional expenses so it's reallyimportant again when we're looking atthe actual property.

Valuations might do for the listeners I'vegot this little diagram where Valuations QLD I've drawnand this sort of our seesaw and you knowit's sort of and there's obviouslyprocrastination and then there's greedand so i might just speak to that on alittle video and we'll put that up onnobody on the website just about itbecause that that is the beautiful partof our protein present you can actuallyyou can increase your returns byleverage as long a magnification so fortoo long you get your cash flows and allthat done but there's still that elementto go run to greed and you can go toohard at it and but if you build yourknowledge up that knowledge doesn'tnecessarily mean gris it just meansexecution confidence and supportfundamentals as opposed to thatprocrastination point so good one yeahthey have it listeners the propertycouch condo no use check by that thenext couple of weeks there'll be a videoup there the pens going to talk aboutthat very thing and I want to talk aboutadrenaline versus boring Oh hotel Ireckon that a lot of people want to gettheir kicks out of real estate here andI reckon the.

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