My Do's and Don'ts

Do's:

1. Use the SYSTEM T^® framework for every buying and management decision you make with your real estate portfolio.

2. Only buy when the property market is in the "Buying Zone", that is, when the rental yield is high compared to interest rates and vacancy rates are low.

3. Focus on research, not inspections.

4. The boring things usually make you money, while the sexy things (such as structural renovations) often cost you money.

5. Always get at least a second quote.

Don'ts:

1. Don't buy near the top of the market - you could be giving away 10 years' worth of returns.

2. Buying a property every year is the wrong thing to do.

3. Don't waste your time with low balling techniques or wraps/lease options, and be careful about buying for positive cash flow in the regional areas and mining towns.

4. If you can't get a standard loan, then you are probably better off renting than buying.

5. Avoid selling if possible.