Ten with Ty - Veronica Morgan

Ten with Ty - Your Investing Podcast

About The Guest(s):
Veronica Morgan founded Good Deeds Property Buyers, a buyer's agency, and co-host of the podcast "The Elephant in the Room." With over 20 years of experience in the property industry, Veronica is known for her expertise in property investing and her ability to cut through the noise of the market.

Summary:
Veronica Morgan, founder of Good Deeds Property Buyers and co-host of "The Elephant in the Room" podcast, shares her insights on property investing and the mistakes investors often make. She emphasises the importance of making sound decisions, understanding risk, and focusing on quality assets. Veronica also discusses the value of holistic advice and the need to look beyond location and data when investing in property.
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Key Takeaways:

• Property investors often make the mistake of overemphasising location and neglecting the importance of asset selection.
• Relying solely on data can limit investors' understanding of a particular area's nuances and potential risks.
• Stretching oneself financially without considering long-term implications can lead to forced property sales and missed opportunities.

Quotes:

• "If a property is easy to buy, it potentially could be hard to sell."
• "Good decisions are pretty boring. It's understanding fundamentals and making solid decisions."
• "Recognise risk and where risk really lies. The risk is in the asset you buy."
• "Investors often stretch themselves too much financially, forcing them to sell a good asset."

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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Chapters

1. Ten with Ty - Veronica Morgan (00:00:00)

2. Meet Veronica (00:00:31)

3. Becoming a buyer's agent (00:01:20)

4. Advice for first time buyers? (00:04:44)

5. Q1: Your best investment? (00:07:33)

6. Q2: Your worst investment? (00:11:33)

7. Q3: Most valuable investment advice? (00:14:06)

8. Q4: What’s your ideal portfolio mix? (00:16:20)

9. Q5: How to invest $20K as a 20yr old? (00:20:39)

10. Q6: How to invest $500K as a 50yr old? (00:22:29)

11. Q7: Advice to your 20yr old self? (00:24:55)

12. Q8: What legacy do you want to leave? (00:25:52)

13. Q9: What does success look like to you? (00:29:03)

14. Q10: Best strategy NOT to lose money? (00:33:02)

15. Bonus Q: Worst mistakes property investors make? (00:36:36)