Unlock Property Wealth - Special Edition with Tyron Hyde

08/14/24 • 21 min

In this special edition of "Ten with Ty," the tables are turned when host, Tyron Hyde, CEO of Washington Brown, is interviewed by property expert, Hotspotting's Terry Ryder.
The pair delve into the intricacies of property investment. Terry places Tyron under the spotlight, extracting invaluable insights about his property investment journey, strategies, and philosophies. The conversation traverses Tyron's first investment, his strategic approach to buying properties, and the lessons learned from his investment experiences.

Throughout the episode, Tyrone emphasises the importance of buying when the market is less competitive, highlighting the concept of being counter-cyclical in property investments. The duo also explores common investment mistakes, including the dangers of buying new property without adequate research, and the under appreciated value of advisory teams and resources like RP Data. Tyron's philosophy of not following the crowd is a compelling narrative throughout the discussion.
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Key Takeaways:

Strategic Buying: Tyron stresses purchasing property during market downturns when competition is low, as advised by Harry Triguboff.
Investment Philosophy: Emphasises the importance of independent research, not following herd mentality, and understanding property cycles to make informed decisions.
First Investment Insights: Details on Tyron’s first property investment in Sydney's Balmain and its eventual significant return.
Common Mistakes: Highlighting the frequent errors new investors make, such as inadequate research and relying solely on advice from profit-motivated sellers.
Holistic Approach: Importance of building a solid team, including mortgage brokers, accountants, and using tools like RP Data for informed investment decisions.

Notable Quotes:

"I'd rather buy when no one's at an auction than when there's a hundred people at an auction." – Tyron Hyde
"Never ever borrow money for shares. If you can't own the share outright, don't buy it.” – Tyron Hyde
"Independent advice on where to buy is key." – Tyron Hyde
"The richest people in Australia, they're waiting for a property fund to go broke and then say, bang, we'll buy it." – Tyron Hyde
"Don't assume your property is always going to go up." – Tyron Hyde

Resources:

Washington Brown - The Property Depreciation Experts
RP Data - A crucial tool recommended for property valuation and comparable sales analysis
SQM Research - Essential for property market reports and heat mapping potential investments
Hotspotting - Finding Tomorrow's Hotspots Today

Watch YouTube
Download Spotify
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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Key Takeaways:

Strategic Buying: Tyron stresses purchasing property during market downturns when competition is low, as advised by Harry Triguboff.
Investment Philosophy: Emphasises the importance of independent research, not following herd mentality, and understanding property cycles to make informed decisions.
First Investment Insights: Details on Tyron’s first property investment in Sydney's Balmain and its eventual significant return.
Common Mistakes: Highlighting the frequent errors new investors make, such as inadequate research and relying solely on advice from profit-motivated sellers.
Holistic Approach: Importance of building a solid team, including mortgage brokers, accountants, and using tools like RP Data for informed investment decisions.

Notable Quotes:

"I'd rather buy when no one's at an auction than when there's a hundred people at an auction." – Tyron Hyde
"Never ever borrow money for shares. If you can't own the share outright, don't buy it.” – Tyron Hyde
"Independent advice on where to buy is key." – Tyron Hyde
"The richest people in Australia, they're waiting for a property fund to go broke and then say, bang, we'll buy it." – Tyron Hyde
"Don't assume your property is always going to go up." – Tyron Hyde

Resources:

Washington Brown - The Property Depreciation Experts
RP Data - A crucial tool recommended for property valuation and comparable sales analysis
SQM Research - Essential for property market reports and heat mapping potential investments
Hotspotting - Finding Tomorrow's Hotspots Today

Watch YouTube
Download Spotify
Apple
Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Previous Episode

Beware of Fakes! Real Estate Investment Tips with Miriam Sandkuhler

In this episode of "Ten with Ty," host Tyron Hyde sits down with Miriam Sandkuhler, the fearless founder of Property Mavens. Miriam delves into the challenges facing today's property buyers, emphasising the importance of working with experienced, qualified buyer's agents over so-called "fake" agents. Drawing from her 30-year career and personal experiences, she discusses the pitfalls property buyers should avoid and the critical factors to consider when making the biggest investment of their lives.

Miriam shares valuable insights on identifying credible buyer's agents, warning signs of unqualified agents, and the importance of a thorough vetting process. She also talks about her personal journey into property investment, the mistakes she’s learned from, and what makes for a resilient and profitable investment strategy. Through engaging anecdotes and practical advice, Miriam aims to arm both seasoned and novice investors with the knowledge needed to navigate the complex world of real estate.
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Key Takeaways:

Identifying Credible Buyer’s Agents: Learn how to distinguish experienced and qualified buyer's agents from unqualified ones.
Investment Pitfalls: Miriam Sandkuhler shares common mistakes that investors make and how to avoid them.
Miriam’s Journey: Gain insights from Miriam's personal experiences in real estate investment, including both successes and learning opportunities.
Risk Management: The importance of aligning investment choices with one's risk profile and other personal factors.
Value Over Price: Why it’s crucial to focus on the value delivered by experts rather than just the costs involved.

Notable Quotes:

"The problem with these fake buyer agents who buy these courses, they just want to bypass an apprenticeship and start making money." - Miriam Sandkuhler
"People make mistakes with what they don't know rather than what they know." - Miriam Sandkuhler
"It's always worthwhile engaging the right expert for the right advice." - Miriam Sandkuhler
"Pay an expert. Stick to your lane." - Miriam Sandkuhler
"Your home is going to be your biggest asset. So the last thing you want to do when you buy your home is buy a lemon." - Miriam Sandkuhler

Resources:

Property Mavens
"Property Prosperity: 7 Steps to Investing like an Expert" – Book by Miriam Sandkuhler
Twitter: @PropertyMavens
LinkedIn: Miriam Sandkuhler

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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Next Episode

Lessons from the Money Magnet - Steve McKnight

In this compelling episode of "Ten with Ty," host Tyron Hyde welcomes the legendary property investor and entrepreneur Steve McKnight for an in-depth discussion on achieving financial freedom through smart property investment. Steve delves into his storied journey from being an accountant to owning over 500 properties. His new book "Money Magnet" and the recently launched Strategic Opportunities Fund serve as cornerstones for actionable insights on financial growth and legacy building.
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This episode encapsulates years of financial wisdom into practical tips and inspirational anecdotes, making it a must-listen for property investors and financial enthusiasts.

Steve McKnight’s new book: "Money Magnet"
Strategic Opportunities Fund: Website: sogif.au
Tree Planting Project: Website: treechange.com
Money Magnet Podcast: A show by Steve McKnight discussing financial strategies and investment insights.
Ten with Ty is brought to you by Washington Brown, the property depreciation experts. washingtonbrown.com.au

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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors

Ten with Ty - Your Investing Podcast - Unlock Property Wealth - Special Edition with Tyron Hyde

Transcript

Ten with Ty - Special Edition.
Transcript

00:01
Tyron Hyde: In this special edition of Ten with Ty.
Terry Ryder: “So, Tyron Hyde, Washington Brown.”
Tyron Hyde: Hotspotting’s Terry Ryder puts me under the microscope.
Terry Ryder: “So, do you have a basic philosophy that underpins your property investment?”
Tyron Hyde: “Yes, I like to buy when other people a