{"id":20340,"date":"2018-02-20T01:00:28","date_gmt":"2018-02-19T14:00:28","guid":{"rendered":"https:\/\/www.realestatetalk.com.au\/?p=20340"},"modified":"2018-02-20T01:00:28","modified_gmt":"2018-02-19T14:00:28","slug":"who-gives-the-best-advice-bryan-loughnan","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/","title":{"rendered":"Who gives the best advice? \u2013 Bryan Loughnan"},"content":{"rendered":"<p>Everyone is an expert on property investment.\u00a0 Everyone has an opinion but there are some that don\u2019t make sense and some that you are not quite sure about.\u00a0 Confused?\u00a0 Everyone has an opinion but who should you take notice of?\u00a0 We ask <strong>Bryan Loughnan<\/strong> and he has some strong opinions.<br \/>\n<strong>Transcript:<\/strong><br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>Kickstarting your investment portfolio just takes one step \u2013 the first property \u2013 but sometimes getting to that point can be very frustrating, for a number of reasons. You might lose your nerve, you might be confused about the amount of information that\u2019s being pumped out about what\u2019s happening in the property market.<br \/>\nInterestingly, I had a chat with Simon Pressley from Propertyology in our regular video last Sunday, and we made the point then of just how frustrating it can be with the conflicting information. So, who do you rely on? Who do you talk to?<br \/>\nBryan Loughnan also from Propertyology joins me to talk about this.<br \/>\nGood day, Bryan. How are you doing?<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>Good, Kevin. How are you?<br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>I\u2019m fantastic. It can be very frustrating, particularly for new investors. Everyone has an opinion, but who should we take notice of?<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>Absolutely. It\u2019s a common concern of many people who contact us, Kevin, particularly first-time investors. They spend a lot of time reading magazines, listening to podcasts, reading online forums \u2013 and there\u2019s some fantastic information out there, but as I think you said, it\u2019s almost an information overload.<br \/>\nWhat I think the most important thing for anyone to consider is to make sure that they\u2019re comfortable. It doesn\u2019t matter who they talk to, what opinion, what advice they get; they\u2019re the ones who are spending money, they\u2019re the ones who need to put their head on the pillow at the end of the day, and they need to feel comfortable with whatever decision they make.<br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>Simon is going to come back in a couple of weeks\u2019 time and share with us what he thinks are some of those key indicators you should be taking notice of, but what are some of the warning signs that you might be talking to someone who\u2019s not qualified?<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>There are obviously lots of different levels of qualification in property, whether it be a university degree, whether it be your state legislation and state requirements. From a buyer\u2019s agent\u2019s perspective in particular, it might be more being a member of REBAA. But what you need to pay attention \u2013 for me, anyway, if I\u2019m talking to people \u2013 is what are they trying to tell you, and more importantly, why are they trying to tell you that? So, trying to think about their motives. Do they have an ulterior motive? Are they making a certain recommendation for a particular reason?<br \/>\nAnd also, people sometimes like to \u2013 particularly with property \u2013 make predications when in actual fact, we don\u2019t have a crystal ball. So, people who want to try to say that a certain market is going to perform at X.34% or something like that, when they\u2019re getting very specific like that. Those sorts of things can be very concerning.<br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>What are the first steps for a new investor? What should they be doing?<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>I think new investors need to spend some time with their household budget, making themselves comfortable with what they can spend, talking to a good broker, and ultimately building a team of professionals around them.<br \/>\nThere\u2019s not one person who\u2019s going to be able to take them through the entire process, so having a good broker is important. We believe obviously from a buyer\u2019s agent perspective, having someone to actually identify a location and find the right property and negotiate the lowest price is equally important.<br \/>\nBut then once you own a property, you still need a team around you. There are really good property managers. Obviously through the process, a conveyancer, and tax depreciation schedules, accountants, the whole team of specialists.<br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>Let\u2019s talk about that team, but I also want to talk about the important attitudes that someone needs to develop to be an investor. We know it\u2019s about mindset, but what are some of the things we can do to shape our attitude, Bryan?<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>I think as a property investor, Kevin, we need a long-term mindset. Property is a long-term asset. You can\u2019t trade it on a day-to-day basis like you can with the share market or the bitcoins that are going around at the moment. We don\u2019t track it on a day-to-day basis. So, as a mindset, you should be thinking long-term.<br \/>\nI often talk to clients as property investors thinking of themselves as business owners. Their business is going to be to provide accommodation to someone, a tenant, ultimately. So, thinking of yourself as \u201cHow do I get income?\u201d It\u2019s having a demand for a rental, but then it\u2019s also about the expenses and the team around you. And obviously, a property manager will be an employee of yours.<br \/>\nSo, it\u2019s about building that mindset of the long-term nature of property as well as the business mindset rather than getting emotional about it.<br \/>\n<strong>Kevin:\u00a0\u00a0<\/strong>Yes, keep that emotion out of it and understand that it is a business. And if you\u2019re getting attached to the property, then maybe you should step away from it and ask for other opinions.<br \/>\nBryan, it\u2019s been great talking to you. I\u2019m looking forward to catching up with Simon in a couple of weeks\u2019 time to get his input into this very important topic, as well. Bryan Loughnan is from Propertyology.<br \/>\nThanks for your time, mate.<br \/>\n<strong>Bryan:\u00a0\u00a0<\/strong>Thanks, Kevin. Cheers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone is an expert on property investment.\u00a0 Everyone has an opinion but there are some that don\u2019t make sense and some that you are not quite sure about.\u00a0 Confused?\u00a0 Everyone has an opinion but who should you take notice of?\u00a0 We ask Bryan Loughnan and&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":20341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,33,10,11,13,36,22,25],"tags":[101],"class_list":["post-20340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-case-studies-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-research-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Everyone is an expert on property investment.\u00a0 Everyone has an opinion but there are some that don\u2019t make sense and some that you are not quite sure about.\u00a0 Confused?\u00a0 Everyone has an opinion but who should you take notice of?\u00a0 We ask Bryan Loughnan and...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-19T14:00:28+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Who gives the best advice? \u2013 Bryan Loughnan\",\"datePublished\":\"2018-02-19T14:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/\"},\"wordCount\":971,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Case Studies\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment\",\"Research\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/\",\"name\":\"Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-02-19T14:00:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/who-gives-the-best-advice-bryan-loughnan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Who gives the best advice? \u2013 Bryan Loughnan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/","og_locale":"en_US","og_type":"article","og_title":"Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk","og_description":"Everyone is an expert on property investment.\u00a0 Everyone has an opinion but there are some that don\u2019t make sense and some that you are not quite sure about.\u00a0 Confused?\u00a0 Everyone has an opinion but who should you take notice of?\u00a0 We ask Bryan Loughnan and...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/","og_site_name":"Realty Talk","article_published_time":"2018-02-19T14:00:28+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Who gives the best advice? \u2013 Bryan Loughnan","datePublished":"2018-02-19T14:00:28+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/"},"wordCount":971,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Case Studies","Kevin Turner","Kevin's Update","Latest Stories","Property Investment","Research","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/","name":"Who gives the best advice? \u2013 Bryan Loughnan - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-02-19T14:00:28+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/who-gives-the-best-advice-bryan-loughnan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Who gives the best advice? \u2013 Bryan Loughnan"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/20340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=20340"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/20340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=20340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=20340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=20340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}