Beware of Fake Buyer's Agents! Investing Tips with Miriam Sandkuhler

Ten with Ty - Your Investing Podcast

In this episode of "Ten with Ty," host Tyron Hyde sits down with Miriam Sandkuhler, the fearless founder of Property Mavens. Miriam delves into the challenges facing today's property buyers, emphasising the importance of working with experienced, qualified buyer's agents over so-called "fake" agents. Drawing from her 30-year career and personal experiences, she discusses the pitfalls property buyers should avoid and the critical factors to consider when making the biggest investment of their lives.

Miriam shares valuable insights on identifying credible buyer's agents, warning signs of unqualified agents, and the importance of a thorough vetting process. She also talks about her personal journey into property investment, the mistakes she’s learned from, and what makes for a resilient and profitable investment strategy. Through engaging anecdotes and practical advice, Miriam aims to arm both seasoned and novice investors with the knowledge needed to navigate the complex world of real estate.

Key Takeaways:

• Identifying Credible Buyer’s Agents: Learn how to distinguish experienced and qualified buyer's agents from unqualified ones.
• Investment Pitfalls: Miriam Sandkuhler shares common mistakes that investors make and how to avoid them.
• Miriam’s Journey: Gain insights from Miriam's personal experiences in real estate investment, including both successes and learning opportunities.
• Risk Management: The importance of aligning investment choices with one's risk profile and other personal factors.
• Value Over Price: Why it’s crucial to focus on the value delivered by experts rather than just the costs involved.

Notable Quotes:

1. "The problem with these fake buyer agents who buy these courses, they just want to bypass an apprenticeship and start making money." - Miriam Sandkuhler
2. "People make mistakes with what they don't know rather than what they know." - Miriam Sandkuhler
3. "It's always worthwhile engaging the right expert for the right advice." - Miriam Sandkuhler
4. "Pay an expert. Stick to your lane." - Miriam Sandkuhler
5. "Your home is going to be your biggest asset. So the last thing you want to do when you buy your home is buy a lemon." - Miriam Sandkuhler

Resources:

• Property Mavens
• "Property Prosperity: 7 Steps to Investing like an Expert" – Book by Miriam Sandkuhler
• Twitter: @PropertyMavens
• LinkedIn: Miriam Sandkuhler

Watch on Youtube or visit the Ten with Ty website
Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Chapters

1. Beware of Fake Buyer's Agents! Investing Tips with Miriam Sandkuhler (00:00:00)

2. Miriam Sandkuhler: Expert Property Advocate (00:01:42)

3. The Rise and Rise of Buyer's Agents (00:05:34)

4. Q1: What's your best investment? (00:13:53)

5. Q2: What's your worst investment? (00:15:09)

6. Q3: Most valuable investment advice? (00:17:50)

7. Q4: Ideal portfolio mix? (00:23:26)

8. Fake Buyer's Agents (00:26:17)

9. Q5: Investing $20K at 20 (00:31:03)

10. Q6: Investing $500K at 50 (00:34:41)

11. Q7: Advice to 20-year-old self (00:37:16)

12. Q8: What legacy do you want to leave? (00:39:54)

13. Q9: Definition of success (00:41:17)

14. Q10: How NOT to lose money (00:43:01)

15. Bonus Q: Is Melbourne a good investment? (00:47:26)