Episode Details

Today's show's going to be a little different.

I've asked Ahmad Imam, Director of Metropole in Sydney, to share with us his top ten videos, some of which have gone viral on LinkedIn.

Ahmad is prolific on social media and has tens of thousands of followers. His short videos contain some great tips on properties and finance.

I'm also going to read you a poem - something a little different in my mindset moment.

Ahmad's Top 10 Videos

1. Are you too old to invest in real estate?

It takes a minimum of 10-15 years to achieve a level of financial independence through property.

So, let me break it down:

• If you're starting to invest in your 20s - You have all the time in the world.
• If you're starting to invest in your 30s - You have plenty of time.
• If you're starting to invest g in your 40s - You still have enough time.
• If you're starting to invest in your 50s - You have to start NOW!!
• If you're starting to invest in your 60s - Too late

2. What is your biggest asset?

One question I always ask my clients is "What is your biggest asset?"

And the answer they always give is either:

▪️ Their Home

▪️ Or their investment Portfolio

▪️ Or their Car

And those answers are wrong. Your biggest asset is actually your ability to generate income

3. Negotiation Tip – Play Dumb

When negotiating, playing dumb is a smart thing to do.

▪️ Do not act like an expert

▪️ Ask a lot of questions

▪️ Confess ignorance or confusion

▪️ Ask for guidance and advice

▪️ Channel your inner Columbo

Your goal is to gather as much information as you can and get a more detailed understanding of the other person's situation, goals and restrictions. Now you're ready to negotiate!

4. 3 things you need to be a successful investor

Property investment is not a get rich quick scheme and those who have been successful in property investment work with 3 core fundamentals:

1. Leverage – using other people's money (the banks) to help build an asset base.
2. Compounding – focusing on high growth assets that grow faster the longer you leave them.
3. Time – the more time you have the more compounding can occur.

Don't reinvent the wheel. Keep it simple!

5. How to double the value of your property?

You can't just buy any property and expect it's going to double in value in 7-10 years

In fact, most do not

Only 1-2% of properties on the market are what I would classify as investment grade.

Enter the Rule of 72.

6. Negotiation Tip – Always be willing to walk away

If you were to ask me what is your No.1 tip for negotiation?

I would say, without hesitation:

ALWAYS BE WILLING TO WALK AWAY!

7. Negotiation Tip – Be assertive

Don't be afraid to ask for what you want.

Power negotiators are assertive and challenge everything - they know that everything is negotiable.

Please Note: There is a big difference between being assertive and being aggressive.

8. Negotiation Tip – Shut