Commercial Property and Smart Investing | Luke Randazzo
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Commercial Property and Smart Investing | Luke Randazzo
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In this episode, Kane sits down with Luke Randazzo, Director at Burgess Rawson, one of WA's leading commercial real estate agencies. Luke has brokered over $450 million in transactions and is one of the youngest shareholders in the business.
Luke and Kane get into the real stuff: what the new negative gearing and capital gains tax changes mean for investors, why commercial property is now wide open while residential has been shut down for investors, the difference between office, retail and industrial assets, how self-managed super funds can be used to buy commercial property, the risks of long term leases, make good clauses and fit out contributions, how to cold call your way to a deal, and why customer service and follow up are the real difference makers in any industry.
They also swap stories about building businesses the hard way, why Australia is becoming increasingly difficult for entrepreneurs, and what Luke would do if he had $1 million to invest today.