EPISODE 1 TRANSCRIPTION
Welcome to the property women podcast. I'm your host Jo Vadillo.
This podcast is dedicated to empowering female property investors to discover, Master and scale their success in the property market. Whether you're a seasoned investor or just starting out this podcast is for you. Join me as I have candid conversations with female investors keeping huge goals and changing their financial futures. I'll be sharing valuable insights and interviewing some of the most amazing property professionals arming listeners with the knowledge, confidence and know how to not only navigate the property market, but to truly slay your way to success from residential investing to homeownership small scale property developments, running air b&b, stepping into renovation projects, overcoming the mind game that can hold us back from truly succeeding, investing in property changed my life, it changed my career trajectory, financial position and delivered to me the most beautiful community that is property, women. And most importantly, it provided me with the flexibility to be a really present mom to my three gorgeous boys. And that's something that I would never have been able to do if I remained in the corporate world. If I can show you some of the opportunities that are out there and share some of those insights that I've learned with my over two decades of hands on experience, I would love to see you take on the journey. Also. Let's get into today's episode. Hi, and welcome to the very first property women podcast. I am your host, Joe Verdelho. And I am super excited to firstly be here. And secondly, to have you join me as well on this journey. This podcast honestly, and on my heart has been a Oh, it's like honestly, the longest gestation period ever to actually get out there. It is, just recently I was decluttering my office, you know, and you sort of stall a little bit and you go on might just clean this cupboard out and you know, rearrange this and, you know, shred those papers, because you know who who needs paper files anymore with digital world that we're in. And amongst that I found some notes from an event business event that I went to in 2012. And in big capitals, I wrote podcasting is the way of the future. And here I am in 20 2311 years later actually delivering on what you know, I would have been right up there with one of the beginners if I hadn't jumped ship in 2012. And actually did my own podcast back then. But here I am. And let's get into the episode. So what I want to share with you really is what property women is all about. And this property woman's been around for 16 years, in fact, 60 and a half years now, it was a business that formed on the back of another company that was called the rentable, the Reno kings, there was, you know, two guys that shared all this information about renovating, how you can buy properties that add value and, you know, pull equity out of those properties and buy again, and you know, it was just it was they were evolutionary in terms of their timing in the market. This is way before the block was ever on TV. And on the back of these guys was, you know, auditoriums full of people just going oh, I want to hear more, you know, how do I get on board with this renovation thing. And amongst that was a lot of women, a lot of those women were sitting on their hands. And we're almost a little bit nervous in the space because they didn't want to sort of put their hand up and contribute or ask questions about power tools and painting and, and they would just keep playing a small game because the arena they were in. And it really did shine a light that women need a really safe space, to ask questions to support one another. And we do communicate in a different manner. So it was I've got a lot of guys on our database. And I just love it when we've done live events. And you know, we've got audience members being supported by their spouse there and I just, you know, I totally embrace that. I'm one of those lucky ones that I do have a completely onboard partner in my husband, Greg, who is also not known in my life partner, but my business partner as well. And he's also a completely obsessed property nerd, much like myself. So I understand in many regards, regards I am blessed to have that person on the way but some of the people that I've met over time have got partners that are a little bit more nervous than them they've got a different money mindset. Or perhaps they're just not particularly interested in renovating so it can be really hard to live out your dreams when you don't have somebody on the same trajectory as yourself. And I completely understand that but probably women came to being purely because we needed that space, the environment and the community where we could just sing the praises of the successful investors. We can hear from women kickin amazing goals in that space and chilling telling really true and honest accounts because sometimes you get a bit of bro marketing when you go to some of these events and guides are all about then I did this and then I did that and then I did this but they don't ever share the behind the scenes where, you know, they're still got school aged children or they're navigating careers and wanting to start a family or perhaps you know they've got independent or they don't have a family or you know They're looking after elderly parents. So women by nature are the nurturers and often in families and that brings a lot of other additional considerations when making property investing decisions as well. And we also have that scenario where a lot of women do take a timeout and step out of their careers in order to have a family. And that does impact what their super looks like it impacts what they can earn when they step back into the workforce, especially if they've had a gap. Well, the way the digital era is moving at that crazy pace, it's moving, you step out of the arena for 10 years, you can be really behind on what's what's been happening as well. So it does impact earning, earning potential and even as women who continue on with their careers, I'm not going to get started on the gender pay pay gap here, but hey, it exists, right. So it's all of those things combined, just met, we just need somewhere as a bunch of women, we can talk property, we can ask questions. There's no such thing as a dumb question. We've got a beautiful community. You can find us on Facebook, you can find us on fourth, Facebook's forward slash property, women, Instagram property underscore women. We are there. DM me direct. So you know, you can ask me questions, we've got memberships, we've got courses where, you know, like a lot of training a lot of education there. And with 16 and a half years behind us, I think we've been doing something right, because we've got such a beautiful community. And we're always growing and some of the women still hang around on the outskirts, even though they're kind of you know, not that interested in being active anymore. But they still just enjoy the hearing the successes of other property, women. So I love that and I love that nurturing space to be in and I love the fact that you know I can I can be they're heading up the whole group. So the format of what their podcast is going to look like you're probably hear a lot from me, I'm a buyer's agent,
I wasn't when I started out in my property investing life. I started out, I was working in corporate, I was working in advertising and marketing capacity, working full time, and I just started to buy my start to buy my properties initially, through cool hard work, you know, like saving my money, Gino living quite frugally. I didn't, I wasn't married at the time. And I didn't have a family. But I did it the old school way, you know, just hard, hard work. And I actually wasn't earning a lot of money, I was actually also studying a master's degree part time. So my minimal income was even further impacted by the fact that I had some pretty fat university fees to deal with. So you know, I understood how you really gotta buckle down when you when you've got a goal in mind. And in order to survive and go forward and keep my money in the bank, I actually put an ad in the Yellow Pages, old school, yellow pages, you know, the paper format. And I took on dogs to walk outside of my business outside of business hours. So I had a few regular canines that were because even when you think about now 20 something years ago, people didn't really outsource dog walking, you know, it was even considered a bit bougie for Australians to have a cleaner cleaners were for hire high in high income earning family units, whereas now, a lot of families need it just to keep the wheels on if they've got the capacity and the income. And a lot of cleaners are so heavily booked out, you'll find they're saying no to a lot of jobs. Same as dog walkers. No one was really using dog walking services. So I picked up as I said, there was a few regulars and that income provided me with my play money, you know, I was in my you know, was probably mid to late 20s. And that extra money was what I kind of I kind of you know, that was there was my slush fund to have a social life and I kept my income in the bank. And that's how I got my first property worked really hard and did extra time. And I bought the property. I was very proud of myself in hindsight, love the fact that I did it on my own. I was dating my husband, Greg at the time. And he was there with me at the opens. But this was all me I got the loan and I went and did it. So that was my very first purchase. And I will cover off a lot of the other things that we did in order to grow our portfolio from that because, man, I didn't know much about property. When I bought my first one I didn't understand how to read cycles. I certainly was savvy with negotiations, but that kind of skill set. I've obviously honed it quite nicely now as a buyer's agent, but it is a skill set, negotiating, negotiating and look, some people I work with some beautiful clients that are really high end professionals. And they just say I just don't want to ask for discount it doesn't feel I don't like doing it. But heck, you know if you can save me a couple $100,000 on the property, please go and do it for me. So hey, I'm here for that. And that's an I'll teach you some of those tricks. Some tools, strategies that we employ in order to save our clients some money. So, you know, we love doing that. And we would love to see others benefit from from this during hanging around and being one of our subscribers would be wonderful. So we've got upcoming special guests that we'll be speaking to. So you do need a sea of professionals around you to really make sure that you do the right thing when you're buying property. Now, a buyer's agent is a nice to have, but not necessarily a mandatory player in the mix. But you must have a solicitor and you must have a will I think a broker but some people do go to banks direct, but I'm all for working, working with a mortgage broker for your loan and finance for financing, and have a good good accountant. And please speak to an accountant before you invest. Let them know what your what you're looking to do and your strategy because there could be some information there that you're aware of. In terms of land tax obligations, you're managing your ongoing tax, it could be an entity issue. And again, I'll be speaking to those licenced professionals to be able to give insights into what you need to look out for, because I am not licenced to share that information. But I certainly know the questions that you need to ask. And I also know some absolutely fantastic professionals that as I said, I'll be interviewing, and you'll be able to glean all this information by just by tuning into the podcast. So please join me come back for number two episode because we're gonna get started straight up into some awesome education inspiration, I want to make a really seriously strong impact in your decisions. Property Investing changed my life as elaborate and gosh, what'd he call it? It sounds almost a cliche, but I can't stress enough what change it made to my path in life, career and ambition. And it's my ongoing and enduring hobby. I get so much reward out of helping others. But I'm still a very active investor, myself and very hands on. And it's just fun, probably investing. It's a serious business, but it can be a really fun one. So join me again, please come back. Episode number two is about to drop soon. Thanks for listening. You have been listening to the property women podcast. The advice shed is general in nature and does not consider your individual circumstances. property within exists purely for educational purposes, and should not be relied upon to make an investment or financial decision property women is recorded in Garavel country. We acknowledge the traditional custodians of this land, elders past present and emerging and the spirits and ancestors of the clans that lived in this area. Thank you for listening