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What if you could pin point the next up and coming suburbs using nothing more than a wall map and some coloured dots….Sounds pretty good doesn’t it?
Today’s very special guest has developed a technique, which costs under $100, and you can do it at home yourself and best of all it’s designed to uncover the next up and coming suburbs set to grow!
And it’s called The Dot Map Technique
And today’s guest Medine Simmons is going to be showing all of us how to make one!
SHOW NOTES
6:26 How Medine got started in property investing
9:50 Tips and tricks Medine used to locate her first property
15:00 How Medine got to developing the Dotmap methodology
16:58 How to drill down into a suburb and why growth patterns matter
20:30 Lessons learned and mistakes to avoid while renovating your first proeprty
21:35 How to get a good valuation on your property
25:09 The biggest hurdle to avoid when in comes to property investing
28:15 How doing your own research can help you overcome challenges in your property investing journey
33:25 Why it’s important to stick to time tested methods of property investing and avoid all the marketing hype
40:30 Why you need to write down your strategy and have a checklist
42:45 Things and factors you should avoid in a suburb
46:52 A step by step guide on how to do the Dotmap
50:25 Why you need to look at the growth patterns in a suburb
58:13 The Ripple Effect
1:02:50 The Suburb Elimination process
“Time can heal the wounds but if you chose an area with low capital growth, that time can be a long time.” – Jane Slack-Smith
“The good thing about property is that you can make little mistakes and as long as you’ve done all your finances properly, and you’re in a position to hold the property, it’s a forgiving thing.” – Medine Simmons
“I wanted to work out where there was potential before I started drilling down into a suburb and really getting to know the suburb.” – Medine Simmons
RESOURCES AND LINKS
- Medine’s website
ALSO MENTIONED
- Maps from Mellway
TWEETABLES
[bctt tweet=”Time in the market heals the wounds”]
[bctt tweet=”The biggest wound is you never buy and you never invest, that is the biggest wound”]
[bctt tweet=”The good thing about property is that it’s a forgiving thing”]
