110. Deal Deep-Dive: Maximizing Capital Gains in Real Estate with John Foong

ABOUT JOHN FOONG

John joined Domain as Chief Revenue Officer in Sep 2021 from his most recent role as Global Director of Account Management at Uber in California. He is focused on accelerating Domain's marketplace strategy across the Residential, Commercial, Developer, Media, and Agent Solutions business, as well as Go To Market, Sales Operations and Customer Experience teams. Prior to Uber, John spent 12 years at Google holding a range of go-to-market leadership roles, including Google Cloud’s multi-billion-dollar global partner/agent sales team. John holds a Bachelor of Commerce honors degree from the University of NSW and an MBA/MA (Education) from Standford University.   THIS TOPIC IN A NUTSHELL:    John's career background in tech companiesHis real estate journey in the US and AustraliaHis first deal at the age of 18Living in Australia and investing in suburbsAdding more properties through cashflowInvesting experience in the US vs. AustraliaCommercial and residential real estateCapital gain advantages from investmentsHis criteria when buying propertiesTwo objectives when investing in a primary residenceCapital gains tax Current projects and portfolio Maximizing leverage in real estateSelling properties His preferred investment strategyAdvice on investment strategy that works for youConnect with John Foong     KEY QUOTE: “I think real estate is life-changing. If you're buying a house, you're changing someone's life. If you're selling your house, you're changing your life. I love it when people are able to fulfill their life goals with property.”   

SUMMARY OF BUSINESS:

Domain Group is a leading Australian property marketplace made up of a portfolio of brands. We are united in our Purpose to inspire confidence in life’s property decisions. Our brands offer products and solutions to consumers, agents, and parties interested in property across every step of their property journey. Headquartered in Sydney, we are a group of over 900 passionate people all across the country. Our values drive our strong culture, and we are committed to ensuring we act in a way that supports the environments and communities around us. 

 ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.      #realestateinvesting #REInvestors #CapitalGains #BuyingProperties #Selling