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Unlocking Wealth through Co-living with Ian Ugarte
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In this inspiring episode of "Ten with Ty," host Tyron Hyde speaks with Ian Ugarte, a leading figure in the Australian property industry, recognised for his innovative approach to addressing the housing crisis through co-living spaces. His company, Invida specialises in developing co-living properties that offer financial benefits to investors while easing the housing burden for tenants.
Ian shares his insights on how co-living can deliver cashflow-positive investments while providing affordable housing for renters. This episode uncovers Ian's personal journey from plumbing to property investing, emphasising the profound life changes that arose from his introspective battle with depression—ultimately leading him to a path of helping others.
Ian explains how investors can achieve high yields and capital growth by investing in strategically converted rental properties. Tyron and Ian also discuss the fallacy of negative gearing and explore alternative lending options that accommodate different investment appetites. Alongside investment advice, Ian provides a heartfelt account of the importance of community, family, and time, striving for a balance of wealth and well-being.
Key Takeaways:
- Co-living properties present a lucrative investment opportunity by doubling or tripling investor income while providing affordable housing options.
- Ian's personal experiences with depression shifted his investment focus toward community-driven projects with meaningful impacts.
- High-yield and capital growth properties can coexist, debunking the traditional belief that investors must choose one over the other.
- Developing an investment strategy with a positive cash flow focus can offer more sustainable long-term gains.
- Engaging closely with experienced mentors and learning by doing are essential strategies for anyone starting in the investment world.
Resources:
- Check out Ian Ugarte's company Invida or head to ianugarte.com.au
- For more on property depreciation: Washington Brown
- Lifeline for support on mental health: 13 11 14
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Tyron Hyde is the CEO of Washington Brown Quantity Surveyors
Chapters
1. Unlocking Wealth through Co-living with Ian Ugarte (00:00:00)
2. Ian Ugarte's Journey to Co-living Developments (00:01:40)
3. Co-living and Positive Cashflow (00:09:15)
4. What Makes an Ideal Conversion? (00:14:15)
5. Ian's Best Investment (00:20:16)
6. Ian's Worst Invesmtent (00:23:33)
7. Most Valuable Investment Advice (00:24:12)
8. How to Invest 20K at 20 (00:26:13)
9. How to Invest 500K at 50 (00:29:55)
10. Advice to 20-Year-Old Self (00:31:31)
11. Ian's Legacy (00:32:48)
12. Co-living Marketing Traps (00:34:48)
13. Definition of Success (00:38:00)
14. How to Minimise Loss as an Investor (00:38:59)
15. Ian's Solution to the Housing Crisis (00:40:48)
18 episodes
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