In this episode, Michael and Laura delve into several key aspects of property investing. They discuss how to handle tenant vacancies effectively, including the use of video walkthroughs to make property viewings more convenient and attract tenants remotely. They also share their experience with the paperwork and coordination involved in bridging loan drawdowns, which can be time-consuming but necessary.
Additionally, they talk about how they balance their property business with other responsibilities, stressing the importance of accountability through peer groups or regular check-ins to stay on track. The benefits of joint ventures in property investing are highlighted, noting that while they allow for portfolio growth without using personal capital, they require careful planning, trust, and, most importantly, clear legal agreements to avoid complications.
The episode closes with practical advice on entering joint ventures, particularly the need for formal contracts, even when working with friends or family, to ensure smooth collaboration.

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