In the Charles Tarbey podcast, he shares a personal story about purchasing a golf course in Kangaroo Valley, highlighting the risks of buying property through one's company. Despite his limited knowledge of golf courses, Tarbey became interested in the potential for development on the site.
During negotiations, Tarbey faced pressure from the agent to increase his offer, but he stood firm, even when the property passed in the auction. Eventually, the liquidator approached him with a revised offer, which Tarbey accepted after a minor increase.
Tarbey not only shares his personal story but also delves into his golf course's unique management structure, which deviates from the typical committee-driven model. This unique approach will pique the curiosity of real estate professionals and investors.
Overall, Tarbey's story underscores the risks of buying from one's real estate business and the importance of strategic negotiation in securing desirable properties.
