Do you ever feel skeptical about property investors' supposed success stories? We understand how frustrating it can be especially when these so-called property investors boast about their short-term wins without any substantial evidence to support their claims. But the question remains, what metrics should we really be using to measure success in the property investment game? Joining us today is Michael Beresford, Director of Investment Services at OpenCorp, to discuss the key metrics that truly matter in determining property success. With Michael’s impressive credentials and extensive knowledge with close to two decades in the industry, we're sure this conversation will provide a wealth of information that we can all benefit from. Tune in to this valuable conversation and discover what really counts in the world of property investment. Episode Highlights: 00:00 - Introduction 01:41 - A little backstory about Michael and OpenCorp 03:08 - Why Opencorp stands out among property companies 05:09 - How can you achieve both cash flow and growth in real estate investing? 12:46 - What determines success or failure in property investment? 15:03 - The importance of outperforming the market in property investment 18:28 - The benefits of diversifying your property portfolio across Australia 21:21 - How "home bias" can affect investment decisions 23:40 - What are the key fundamentals to consider when investing in property? 26:17 - How to maximise rental income and borrowing capacity 28:40 - Mitigating risks when investing in real estate 34:46 - What factors influence the size of land in different areas of the real estate market? 43:04 - Key criteria for selecting a successful real estate investment 49:39 - How to minimise risk and ensure rental demand in property investment? 52:41 - How do you measure your investment success? 55:20 - A peek into Pallara's growth driving comparable sales and unlocking equity 1:02:41 - What every property owner should know about maintenance 1:08:57 - How can you maximise your borrowing capacity for property investment? 1:11:52 - Michael Beresford’s Property Dumbo About Our Guest: Michael Beresford - Director of Investment Services at OpenCorp, Michael is committed to sharing his passion for property and investment to deliver outstanding returns for everyday Australians. Michael has helped over 2,000 OpenCorp clients add $837 million in value to their property portfolios. Aside from guiding and advising our clients at OpenCorp, Michael is also involved in helping the company maintain its high level of growth. Connect with Michael Beresford: Connect with Michael Beresford via LinkedIn: https://www.linkedin.com/in/michael-beresford-25591237/ Visit Michael’s website: https://opencorp.com.au/author/michael-beresford/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast - [email protected] Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: www.veronicamorgan.com.au

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