{"id":9718,"date":"2016-10-31T01:00:58","date_gmt":"2016-10-30T14:00:58","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=9718"},"modified":"2016-10-31T01:00:58","modified_gmt":"2016-10-30T14:00:58","slug":"when-to-hold-and-when-to-fold-peter-mastroianni","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/when-to-hold-and-when-to-fold-peter-mastroianni\/","title":{"rendered":"When to hold and when to fold – Peter Mastroianni"},"content":{"rendered":"

 
\nThere is a time to buy and hold property for long-term results and there\u2019s a time when it\u2019s smart to fast track your investment plans. Knowing what to do at the right time is well covered in a book by Peter Mastroianni called \u201cThe Property Investor\u2019s Buyers Guide\u201d. We talk to Peter and focus on the accumulation phase of an investment strategy.<\/p>\n

<\/h4>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 I want to tell you about a book that I picked up the other day called The Property Investor\u2019s Buyer\u2019s Guide<\/i> written by my next guest, Peter Mastroianni.
\nGood day, Peter. Thank you very much for your time.
\nPeter:<\/b>\u00a0 Thank you very much. Thanks for having me on the show, Kevin.
\nKevin:<\/b>\u00a0 Great book, too, and I know that you\u2019re a fellow podcaster, as well. You do podcasts, too. Just skimming through your book, Peter, it\u2019s well put together, but why did you do it? What was the reason behind writing the book?
\nPeter:<\/b>\u00a0 This is my second book. The first book that I actually wrote was The First-Home Buyer\u2019s Guide<\/i>. I guess it\u2019s a bit of a play on a bit of a series.
\nI was fortunate enough to purchase property at a fairly young age. I guess that youthful inexperience at the time required me to become a lot smarter in my actual approach to take advantage of, perhaps, some hard lessons that were learnt at that point in time.
\nI guess through my own business and meeting with a number of clients who come through the door, I do see a number of common problems or obstacles that people face through their property journey and trying to accumulate wealth, as well.
\nKevin:<\/b>\u00a0 Do you think we look at property investing as the be all and end all \u2013 in other words, if I\u2019m going to be an investor, I have to invest in property? There are other forms of investment, aren\u2019t there?
\nPeter:<\/b>\u00a0 Absolutely. I\u2019m a strong believer that you actually should be a balanced investor. I think that you do need to have property as an asset class, but depending on your risk profile, you should certainly also incorporate other investment streams or multiple investment income streams into your portfolio, as well.
\nKevin:<\/b>\u00a0 What type of investor do you have to be to be a property investor?
\nPeter:<\/b>\u00a0 I don\u2019t know if it\u2019s the type of property investor; I think everyone has the capacity to invest in property. I think it probably more so relates to their mindset and what they\u2019re hoping to actually achieve in terms of the end result of the outcome that they\u2019re actually looking for.
\nI couldn\u2019t say hand on heart that that property is going to be the right strategy for everyone, depending on your risk appetite and depending on your actual capacity and willingness to leverage into higher debt positions.
\nKevin:<\/b>\u00a0 Thinking of young people for a start, looking at property, I guess the typical first property purchaser is going to be someone who needs to fulfill their own need. In other words, there are not a lot of young people who say, \u201cI am going to build myself a property portfolio.\u201d Their first purchase is likely to be one that they want to live in themselves. Would that be correct?
\nPeter:<\/b>\u00a0 I don\u2019t necessarily agree with that, purely on the basis that new social tribes are emerging within the marketplace. I personally believe that property needs a re-think or the traditional home ownership model needs to, perhaps, be redefined in order to allow a younger generation to actually get a foothold on the property ladder, which is seeing the rise of rentvesting, for example. It\u2019s been around for a number of years, but now it has a bit of a buzzword attached to it.
\nBut I think that the traditional form of, perhaps, getting married, having kids, and settling into a home behind a white picket fence is probably behind us now. People want more flexibility in their living arrangements. The way in which property is designed by how it\u2019s bought and sold and actually built is changing quite significantly, as well. I think those new forms are steering a new direction for a rising generation into the property market.
\nKevin:<\/b>\u00a0 Interesting to hear you use that term \u201crentvesting\u201d there. I know that that\u2019s something that you\u2019ve written about, you\u2019ve spoken a lot about it. It\u2019s portraying the fact that young people nowadays are becoming a lot more astute about their investments. You alluded to that when you said that our reasons for buying property are probably changing. Is that what\u2019s behind that, Peter?
\nPeter:<\/b>\u00a0 Yes, I think so. There\u2019s a lot more information around than what there was 10 or 15 years ago on how to approach getting into the property industry or getting a foothold onto the ladder. People are becoming more educated and more wise about what that process could look like, and I think people want more flexibility in their living arrangements.
\nHaving a big debt at an early age could be devastating or it could be very motivational, as well, in order to get out there, do some more, and continue to build upon an asset base. I think it\u2019s a combination of, perhaps, our culture being very lifestyle-driven and us wanting to have our cake and, perhaps, eat it, too.
\nKevin:<\/b>\u00a0 Peter, great talking to you. There\u2019s great insight in Peter\u2019s book, The Property Investor\u2019s Buyer\u2019s Guide<\/i>. It is out. Where can we get the book? Is it available at most bookshops?
\nPeter:<\/b>\u00a0 It\u2019s available at all good bookstores, Kevin.
\nKevin:<\/b>\u00a0 Well said.
\nPeter:<\/b>\u00a0 If they don\u2019t have a copy, be sure to ask for one. It should be released at the end of this month or early November.
\nKevin:<\/b>\u00a0 Do you have a website available, as well?
\nPeter:<\/b>\u00a0 I certainly do. It\u2019s www.TheBuyersGuide.com.au<\/a>.
\nKevin:<\/b>\u00a0 You\u2019ll find all of the information there.
\nPeter:<\/b>\u00a0 Absolutely.
\nKevin:<\/b>\u00a0 My guest has been Peter Mastroianni. Peter, thank you so much for your time. Congratulations on a great read, too, and I look forward to talking to you. There are so many other things I want to talk to you about, but we\u2019ll get you back on a later show. Thank you, Peter.
\nPeter:<\/b>\u00a0 Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  There is a time to buy and hold property for long-term results and there\u2019s a time when it\u2019s smart to fast track your investment plans. 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