Lloyd Edge - Buy Now: The Ultimate Guide to Owning and Investing in Property

1. Chapter 9

1. Chapter 9

First published in 2022 by John Wiley & Sons Australia, Ltd

42 McDougall St, Milton Qld 4064
Office also in Melbourne

John Wiley & Sons Australia, Ltd 2022

The moral rights of the author have been asserted.

ISBN: 978-0-730-39523-2

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All inquiries should be made to the publisher at the address above.

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Disclaimer

The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

To Caelen.

The world is what you build it to be.

Lloyd Edge (Dip. Prop. S, LREA, Licenced Buyer's Agent) is the founder and Managing Director of one of Australia's most sought after buyer's agencies, Aus Property Professionals.

He is the author of bestseller, Positively Geared, a book about his journey from high school teacher to building a multi-million dollar property portfolio and achieving financial independence while still on a teacher's salary.

Property became my passion when I realised that it can be a vehicle to financial independence. Achieving capital growth while maintaining cash flow is essential to portfolio growth and ultimate financial independence

Lloyd has achieved his goals, accumulating a property portfolio worth over $15 million that is cash flow positive, and he now lives in a beautiful waterfront home with his wife Renee and two sons, Riley and Caelen.

For Lloyd, work is now a choice. His investment strategies allowed him to retire from the rat race and he now helps clients achieve their own financial and lifestyle goals through property.

Lloyd has a diverse range of investment strategies to offer clients and readers alike. Where Positively Geared offers a step-by-step guide to achieving equity gains through building duplexes, Lloyd's second book, Buy Now offers multiple strategies for home buyers and first time investors.

He is often featured on TV for his comments on the property markets. He also has a regular segment on Geelong's Bay FM Property Guide, Sydney's Edge 96.1 and Perth's 6PR as well as a being a regular contributor to Australian Property Investor magazine. Lloyd is also often interviewed on top rating radio stations 2GB, 4BC and 3AW.

As a member of the Real Estate Buyer's Agents Association (REBAA), he has been a frequent finalist in the REINSW awards for excellence and Real Estate Business (REB) awards. Lloyd has received Your Investment Property Top Buyer's Agent award and his company, Aus Property Professionals, has also been a finalist in these awards on a number of occasions. In 2020 Lloyd's first book, Positively Geared won an award in the Australian Business Book Awards (ABBA).

Industry accolades for Aus Property Professionals include (at time of publication):

• 2021 Real Estate Business Awards: Aus Property Professionals, finalist, Buyer's Agency of the year.
• 2020 REINSW Awards for Excellence: Lloyd Edge, finalist, Buyer's Agent of the year
• 2020 REINSW Awards for Excellence: Aus Property Professionals, finalist, Buyer's Agency of the Year.
• 2020 Real Estate Business Awards: Lloyd Edge, finalist, Buyer's Agent of the year
• 2020 Real Estate Business Awards: Aus Property Professsionals, finalist, Buyer's Agency of the year
• 2020 Australian Business Book Awards: Winner, Positively Geared, best marketing and publicity.
• 2019 Real Estate Business Awards: Lloyd Edge, finalist, Buyer's Agent of the year
• 2019 Real Estate Business Awards: Aus Property Professionals, finalist, Buyer's Agency of the year.
• 2019 REINSW Awards for Excellence: Renee Edge, finalist, Operational Support
• 2019 REINSW Awards for Excellence: Lloyd Edge, finalist, Buyer's Agent of the year
• 2019 REINSW Awards for Excellence: Aus Property Professionals, finalist, Buyer's Agency of the Year.
• 2018 REINSW Awards for Excellence: Aus Property Professionals, finalist, Buyer's Agency of the Year
• 2018 REINSW Awards for Excellence: Aus Property Professsionals, finalist, Buyer's Agency of the year
• 2018 REINSW Awards for Excellence: Renee Edge, Winner, Operational Support
• 2018 Property Investor Awards, Your Investment Property magazine: Lloyd Edge, Top Buyer's Agent (ranked first in NSW, third in Australia).
• 2017 REINSW Awards for Excellence: Lloyd Edge, finalist, Buyer's Agent of the year

My wife Renee told me that I must not write another book this year. We were having our second child, along with having a toddler at home, my business was continuing to grow which was keeping me busy, and we were in the middle of a pandemic. She insisted this was NOT the year to write another book. So I decided that I must go ahead and produce another book. So, thanks Renee for having the confidence in me!

Anna Warwick has worked with me on Buy Now as my developmental editor and I can't thank her enough for her work and support. You're tremendous. Thanks Anna!

I would also like to thank the team at Wiley who approached me to produce another book following the tremendous success of Positively Geared.

To my staff at Aus Property Professionals, thank you for your fantastic work and support in the business.

I would also like to take this opportunity to thank you, the readers for picking up Buy Now and I hope you find some gold nuggets that will help you along in your own journey in property.

This book is for first-time property investors and first home buyers and for those considering their first or next step. It will help you understand how to find your first home or investment property, how to budget for it and how to read the markets.

My role as a buyer's agent is essentially to help people, and I take this role very seriously. Yet, after many years' experience, I'm still amazed and inspired when my advice and example help give my clients a new perspective, opening up a world of opportunity they'd only dreamed about.