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Episode 165 | Royal Commission’s Role in the Lending Sector and Q&A on Improving Loan Serviceability, Sell v Hold Strategy and Investing in Shares

Just a heads up, folks: we’re tackling a couple of serious topics today!

Because, not only are we diving into the world of the Banking Royal Commission (and what they do), we’re also answering a few voicemail messages about how to best service your loan, what to look out for if you considering investing in shares and having a crack at the million dollar question: should you sell or hold??

Yep, Ben will be donning on his Chair of PICA hat to address some of these topics, especially when it comes to choosing your mortgage broker wisely and making sure, as property investors our assets and financial wellbeing are well protected!

 

As part of this, we will be dropping the “F” word… Fraud.

It should go without saying, DON’T go there… but if you find yourself taking dodgy advice, you could find yourself in boiling water too. And remember — for the folks that haven’t signed up yet — you can get an individual Membership of PICA for as little as $5 to lobby government regulations and help us get rid of the “bad eggs” and spruikers responsible!

 

So, let’s jump into the SpeakPipe Q’s:

Question from Nick (from New Zealand) about Selling or Holding a House and Land Package:

I purchased a house and land package in Landsdale, Perth in 2012. It’s next to the parks, next to the school; it’s a beautiful place with nice places around it — should I play the long game and hold onto it? Or should I look at selling it & placing my money elsewhere? It’s cash flow neutral, so it’s not costing me anything. It’s rented out, I’m paying the debt down through my own cash flow… the only other thing is, I’m at university so if I sell it, I won’t be able to get another place — I wouldn’t be able to get a mortgage — for 2 years until I graduate. I know it’s a million dollar question — but should I sell it or hold it?

 

Question from Will about serviceability concerns with current lending regulations:

We’ve got a current portfolio of currently 3 properties, looking to buy our 4th and final property in late 2018. I’m a little bit concerned about serviceability since the new APRA rules? have been brought in with the big banks. I was wondering if there were any practical things we could do to improve our serviceability? The second part to the question: Is there anything we can do to increase serviceability with second-tier lenders and third tier lenders?

 

Question about shares from Jamie:

Through your podcast, Rich Dad, Poor Dad. In the book, it talks about using shares to raise a deposit to purchase property. I was wondering if you were aware of any podcasts or books or any other resources that are similar to your own podcast but talk about trading shares? It’s something that is less tangible than property and I have a harder time understanding it.

 

p.s. Make sure to check out PICA’s website: www.pica.asn.au

p.p.s. And the video that we talked about is called, Becoming Warren Buffet.

 

Episode 161 | How to Buy Property Like a Pro – Chat with Veronica Morgan

Want to know how to bag an A grade asset? How about scoring the inside tips Buyers Agents use? If you’re keen to buy property like a pro, today is the show for you!

That’s right, folks! We’re getting down to the nitty gritties of buying… how to nail an auction sale, how not to overspend (very important) and how to think like you’ve been in the game for decades.

Plus, we’re diving into the Sydney property market, picking up some sunken treasures so you can discover the latest, the greatest and the mistakes to avoid!

Joining us is Veronica Morgan — you might recognise her from Foxtel’s Lifestyle Channel, Location Location Location Australia in the days of co-hosting with Bryce — who is the Founder and Principal of Good Deeds Property Buyers, a property buying services specialising the Sydney market. To boot, Veronica is also a QPIA, a clever property investor and key note speaker, industry writer and a repeat guest on the Couch!

 

So, let’s get take a microscopic view of what a reputed Buyers Agent sees (and does) every single day:

 

Want to hear more from Veronica? Check out Episode 76 | Building a property portfolio after the boom!

Also, make sure you check out our Facebook Live sessions! They’re Q&A Style & only 15 minutes Folks!!

 

 

Episode 160 | The Power of Vulnerability when Looking for Advice – Chat with Karla

We’re getting real on the Couch today, folks. So if you’re in the mood for some solid learning, serious authenticity and a powerful view into what it’s like to be on the chair opposite us (or any other professional advisor), today is YOUR Day!

Because in this episode we are introducing a very, very special guest (in more ways than one)…. someone who has personally reached out, sat down and met with one of our advisors…. Karla C.

Except Karla…. she didn’t like what we had to say!

Why?

Well, this is where the power of vulnerability comes in………

 

[Two words that come to mind: “Profound change.”]

Full disclosure: We normally avoid mentioning our company, folks….. but we’re huge believers in Karla’s story and its benefit to you is too great for us to hold back! Plus, Karla’s “tell all” is a gift needed for life, not just property investment.

 

Before we unfold the layers of vulnerability though, just a little shout out to those of you WHO LIVE IN SYDNEY & WANT TO WORK WITH US! We’re after experienced Property Investment Advisors, Mortgage Brokers, Financial Planners and, just maybe, Accountants! So if you’re all about helping others, influencing positive and profound change to people’s lives, and the idea of a challenging and rewarding role makes you ticklish with excitement ….. wow us with your resume & cover letter here!

 

You’re going to hear:

 

p.s. Really want to learn more about the service that the guys were chatting about? Click here to learn more about Empower Wealth’s Property Investment Advice services.

 

 

 

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Episode 149 | Money Tips to Survive this Christmas

It’s beginning to look a lot like…… Spending!

That’s right, folks. Christmas is just around the corner, and let’s face it: it’s an expensive time of the year for all of us.

So we thought we’d share some money management tips so you avoid filling the stocking with all your hard earned cash. We’ve also taken apart the latest CBA Report, which explains some alarming spending habits that you and a whole lot of Australian’s are doing in December.

Plus, we’ve got a ripper SURPRISE FOR OUR 150TH EPISODE next week. Yep — not only is The Stig opening, closing and Life Hack-ing the show (thanks to your Movember donations, woot woot) — but also, we have a SERIOUSLY EXCITING GUEST ON!!! It’s someone we’ve been trying to get on for a loooooong time.

Want to find out who it is?

You’ll find out in today’s episode!!! (After all, we’re in the festive spirit.)

 

*****Also, stay tuned to the end and you’ll bear witness to Ben’s truly ridiculous Did You Know?*****

 

So, what are we on about today?

 

 

Final Movember Tally: $11,533

If you donated and haven’t given us your address yet, please email us at info@thepropertycouch.com.au

 

P.S. Don’t forget: next week’s 150th Episode!!!!!!!!!!!!!

P.P.S. And here’s the link to the Dirty Santa’s Rules!

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