Yellow Brick Road: Home
YBR

Andrew Morello: The importance of advice, attitude and doing your homework

In this article:

An excerpt from Andrew Morello's eBook The Morello Matrix: your guide to property investment. Andrew, the winner of the first series of Celebrity Apprentice Australia, provides his comprehensive personal approach to buying real estate and building a property portfolio.

To get your free copy of the full Morello Matrix eBook visit www.ybr.com.au/morellomatrix

Advice

I consult the experts for advice. With property, there’s paperwork and tax considerations that can be a big headache if things go wrong. I use the expertise of mortgage brokers, accountants, depreciation experts, and conveyancers to make the journey smoother.

Attitude

Aim to have a winning attitude. Many people fail to make the leap into property because they can think of many reasons not to buy. Practice turning that around: start thinking about how you’re going to build wealth. Focus on what the property must have, the rent it could earn and what price you’re willing to pay based on suburb averages and rental returns, also known as rental yield.

Take the first step

Doing Your Homework

To play the property game, start by immersing yourself in everything property:

  • Look in real estate windows.
  • Subscribe to agents’ newsletters and catalogues.
  • Look at the property pages in your local newspapers and attend open houses and auctions.
  • Talk to agents and auctioneers. Become a collector of intelligence on property by following an area, street, or type of house.
  • Do your homework so you know an opportunity when it appears.
  • Start by getting online and subscribing to the factual statistics and reports that exist.

There are plenty of sources for real estate information freely available these days.

Feature articles

3 New-Year Property and Mortgage Resolutions Want to kickstart 2021 the right way? Here are some great mortgage saving opportunities.

Ways your Broker can help after a Mortgage Settlement Monitoring your mortgage is necessary to capitalise on saving opportunities and new loan features as well as ensuring that your interest rate is competitive. Here's how a broker can help you do this.

7 Home Loan Rejection Reasons despite a Preapproval Right from changing your job to an increase in online spending - here's a list of mistakes you should avoid after a preapproval to prevent your home loan application from getting rejected.

Pros and Cons of Property Auctions As property auctions become more popular, here's a list of things you need to keep in mind to prep well as a buyer.

Impact of Proposed NSW stamp duty changes on buyers The recently announced proposed Stamp duty changes by the NSW government gives buyers two options - a one time payment or a yearly tax. Here's what you need to know before you make a choice.

View all articles



Enquire now