Michael Kimbel - Property Mavens

01/05/2025

A great opportunity for professionals to connect with other like minded professionals.

10/02/2023

What’s the value of an experienced, professional Buyers Advocate?

Rarely does an opportunity present itself to provide actual physical evidence of the value an experienced and professional Buyers Advocate brings to the table.

A recent purchase for a client has enabled me to highlight and verify the value provided to my clients when engaged to purchase property for them.

These two properties are located in the same street just meters from one another.

Property A Property B
Purchased Dec 22 Purchased Dec22
Price $511,000 Price $553,000
Land size 485sqm Land size 336sqm
3 bedrooms 3 bedrooms
2 bathrooms 2 bathroom
1 living area 1 living area
2 car lockup garage 1 car lockup garage
Year built 2021 Year built 2020
Excellent condition Excellent condition

I purchased for my client, Property A.
Effectively purchasing Property A for $42,000 less than Property B.
Property B being a slightly older property, 149sqm less land and with 1 less car space.
Yes my client paid a fee for my services, but from settlement they are already ahead by $42,000 based on the value of an inferior property.

If you’re interested in saving money on your next purchase, please register for a free consultation here: Buyer's Agent Melbourne - Contact Us | Property Mavens
Property Mavens Miriam Sandkuhler

01/02/2023

An early start but great to back with like-minded business owners at BNI Peak Performance

02/12/2021

7 Common Mistakes made by Property Investors

Mistake 4: Not engaging a team of experts.

Australians love property! Just as most people wouldn’t seek advice from friends about heart surgery if they weren’t a surgeon, it is important to realise that the same level of awareness should apply when investing hundreds of thousands of dollars in property.
Think of property investing as a business – where your team of experts all form part of the success of the business. Independently, they help you to maximise the investment opportunity, minimize tax and/or risk, while collectively they combine their expertise to increase your success multi-fold.
If you were building a house, yow old need expert advice to ensure the foundations, concrete, frame, bricks and mortar were sound and kept your house standing strong and upright. There would be significant consequences if you found out the concrete was too thin and the mortar too weak AFTER the house had been built! The same applies when engaging experts to help you in the property investing process. After you have purchased the property, it’s too late for these experts to help.
As you can appreciate, you need different experts to be engaged at different stages, and some of them need to be engaged simultaneously. All of your experts will play a very important role.
As with any business, you should seek out the best experts available who specialize in working with investors to successfully build a portfolio.
Why? Because they need to step into the future with you and consider all the implications – how big you want to build your portfolio, what types of properties you will buy, which strategies you will use and who will benefit financially and when – so that they can provide the correct advice, planning and structuring in advance.
Why in advance? Because after the purchase, it is too late.

HOW TO AVOID THIS MISTAKE

Understanding the importance of completing your due diligence before you purchase is paramount. Don’t always believe what you hear from real estate agents selling properties, because it is in their best interests to sell, not disclose everything to you. Remember, they don’t work for you, they work for their Vendor.

Extract from, “7 Common Mistakes Property Investors Make”, created by Property Mavens.

Request a copy of “7 Common Mistakes Property Investors Make” or request a FREE property consultation: https://www.propertymavens.com.au/property-advocate-services/free-consultation

29/11/2021

Investing in Property, looks easy, right? Having worked in the industry for over 12 years, I see investors making the same costly mistakes over and over again.
When it comes to buying investment properties, large sums of money are involved, complex legal processes are required and lots of conflicting advice is available. It can be really hard to cut through all the noise and know that you are buying the right property, in the right location and at the right price which will deliver ample returns in the future.
To be a successful property investor you will need to avoid the common mistakes others make. By understanding the potential pitfalls, you gain a better understanding of what makes a successful and prosperous property investor – helping you achieve profitable property outcomes in the future.
7 Common Mistakes made by Property Investors
Mistake No1: Thinking Free Advice is Good Advice.
- There is an overwhelming array of property spruikers, salespeople, self-proclaimed “experts”, project marketers, seminar presenters, investor clubs, developers, property institutes, even accountants, mortgage brokers and financial planners in the market place Selling you property by offering ‘free education strategies and advice’.
- This ‘free advice’ inevitably leads you down the path of buying a property they have for sale, which happens to match their free education, strategies and advice.
- You can tell this is happening to you by keeping an eye out for the tell-tale signs:
o The advice they provide to you is free. This means they are not actually working for you; they are being paid by a Vendor (Seller) to sell property.
o They only recommend property in one specific development
o They only recommend one property type. Usually brand-new property.
o They talk a lot about the tax effectiveness of buying this particular property
o They do not mention how they are being paid or how much they are being paid.
- This is not how genuine property investment advisors work. A truly independent property advisor will only provide you with qualified accredited advice on a fee for service basis. That’s how you can tell your advisor has your best interests -not someone else’s- at heart.
Your only protection is to seek impartial and independent advice.

Extract from, “7 Common Mistakes Property Investors Make”, created by Property Mavens.

02/07/2021