Industrial Shed to Investment Gold: Commercial Property Success Story

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. Check Out My YouTube Channel Click HERE HOSTED BY: Andrew Bean Ph: 0410 694 633 Website: Email: ab@andrewbean.com.au YouTube: @andrewbean28 LinkedIn: Download your FREE DIY Cash Flow Kit! Start crunching numbers on your next Property like a PRO! Click to Download: What’s Included: Cash Flow Calculator Crunch the numbers & calculate returns on your next property deal. Inflation Risk Analyser Figure out when your deal doesn't make sense if interest rates continue to rise. Value Add Calculator Calculate to the exact dollar how much value you can add to your next deal. FACEBOOK GROUP - Commercial Property Community Australia The Commercial Property Show Website SHOW CREATED BY THE COMMERCIAL PROPERTY SHOW NETWORK FOLLOW THE COMMERCIAL PROPERTY SHOW NETWORK ON COMMERCIAL PROPERTY SHOW WEBSITE FACEBOOK GROUP – Commercial Property Show Community FACEBOOK PAGE – @commercialpropertyshow INSTAGRAM - @commercialpropertyshow TWITTER - @compropertyshow APPLE PODCAST PODBEAN LINK

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Industrial Shed to Investment Gold: Commercial Property Success Story is an episode from Commercial Property Show Australia by Andrew Bean.

This episode is 43:13 long.

This episode was published on Jul 18, 2024.

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