110. Deal Deep-Dive: Maximizing Capital Gains in Real Estate with John Foong

Westside Investors Network

ABOUT JOHN FOONG

John joined Domain as Chief Revenue Officer in Sep 2021 from his most recent role as Global Director of Account Management at Uber in California. He is focused on accelerating Domain's marketplace strategy across the Residential, Commercial, Developer, Media, and Agent Solutions business, as well as Go To Market, Sales Operations and Customer Experience teams. Prior to Uber, John spent 12 years at Google holding a range of go-to-market leadership roles, including Google Cloud’s multi-billion-dollar global partner/agent sales team. John holds a Bachelor of Commerce honors degree from the University of NSW and an MBA/MA (Education) from Standford University.

THIS TOPIC IN A NUTSHELL:

John's career background in tech companies

His real estate journey in the US and Australia

His first deal at the age of 18

Living in Australia and investing in suburbs

Adding more properties through cashflow

Investing experience in the US vs. Australia

Commercial and residential real estate

Capital gain advantages from investments

His criteria when buying properties

Two objectives when investing in a primary residence

Capital gains tax

Current projects and portfolio

Maximizing leverage in real estate

Selling properties

His preferred investment strategy

Advice on investment strategy that works for you

Connect with John Foong

KEY QUOTE:

“I think real estate is life-changing. If you're buying a house, you're changing someone's life. If you're selling your house, you're changing your life. I love it when people are able to fulfill their life goals with property.”

SUMMARY OF BUSINESS:

Domain Group is a leading Australian property marketplace made up of a portfolio of brands. We are united in our Purpose to inspire confidence in life’s property decisions. Our brands offer products and solutions to consumers, agents, and parties interested in property across every step of their property journey. Headquartered in Sydney, we are a group of over 900 passionate people all across the country. Our values drive our strong culture, and we are committed to ensuring we act in a way that supports the environments and communities around us.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH JOHN FOONG:

Website: https://www.domain.com.au/group
LinkedIn: https://www.linkedin.com/in/johnfoong
Instagram: https://www.instagram.com/domain.com.au/?hl=en
Facebook: https://www.facebook.com/domain.com.au
Youtube: https://www.youtube.com/@domaincomau/featured

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

· Website | https://www.westsideinvestorsnetwork.com/

· Twitter | https://twitter.com/WIN_pdx

· Instagram | @westsideinvestorsnetwork

· LinkedIn | https://www.linkedin.com/groups/13949165/

· Facebook | @WestsideInvestorsNetwork

· Youtube | @WestsideInvestorsNetwork