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The HMO Property Show

Join us on the HMO Property Show as co-living entrepreneur Neil Gibb talks through everything you need to know about property investing.

Featuring local, national and international guests, Neil will discuss the co-living model taking the world by storm that provides savvy investors with double or even triple the passive income of a regular investment property. He'll talk finance with our financial strategist, asset protection and tax minimisation with a specialist property accountant, take a pulse on the property market here and globally, speak with guests about tactics to make your property investment dreams come true and give listeners a step-by-step guide on creating financial freedom.

New content will drop each Wednesday morning. Join us every Wednesday morning at 7am!

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Description

This episode discusses the sunk cost fallacy and how it can negatively impact property investors. The sunk cost fallacy causes investors to continue investing in ventures that are no longer beneficial due to the resources already invested. Common examples of how the sunk cost fallacy shows up for property investors are holding onto underperforming properties for too long or continually putting more money into a failing deal. Emotions like not wanting to admit a mistake or cut losses can keep investors stuck. Understanding opportunity costs and alternative uses for resources is key to overcoming the sunk cost mindset. Selling an underperforming property may unlock equity that could be better used elsewhere. Cash flow should be prioritized over vanity metrics like portfolio size. Breaking free involves making objective decisions based on future potential rather than past costs. Small strategic changes like selling one deal to buy better cash flowing assets can drastically improve an investor’s position and get them closer to their goals. Knowing when to cut losses is an important skill.

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