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Episode 131 | How Did He Turn $4,500 Into A Multi-Million Dollar Property Portfolio?- Chat with Victor Kumar, Partner at Right Property Group

What would you do if you arrived from Fiji to Australia with only $4,500 to your name and little else? Well, that’s exactly what today’s guest, Victor Kumar, Partner at Right Property Group, and his wife did in 1997. And their story is truly extraordinary! Within 1 and a half years in Australia, the radiographers—thanks to reading The Wealthy Barber and Building Wealth Through Investment Property, learning as much as they could about property investment, lots of hard work coupled with a steel determination —had secured their own PPOR as well as 11 investment properties!

Here to explain how he did it, the co-host of Investing Insights with Right Property Group podcast, Victor Kumar, explains:

  • How he chose a mortgage broker to get the loan he was first rejected for
  • Who to take your advice from (aside from Jan Somers and David Chilton)
  • The difference between money and mindset, and why goal setting is crucial:

“The very first thing is: you’ve got to sort out your goals—why you’re doing it and what are you aiming for—before you start the journey. Most people start the journey and then try and get the GPS up-and-running to say we’re they’re going.”

  • Victor’s reason “why” he invests in property—and why it is crucial to know your “why”
  • A simple, easy habit anyone can do to outsmart a spruiker and determine if the property seminar is genuine
  • His investment strategy, how he accumulated such a ginormous portfolio and if he would do it again
  • A few of the mistakes and lessons learnt while building his portfolio (and they’re hilarious!)
  • When to DIY and when to always pay for professional services
  • What factors to consider if you are investing in the outer suburbs?
  • His renovation “Life Hack” and why it’s the most important renovation tip to add value
  • What are the three things that can ruin a property portfolio?
  • How to manage multiple investment properties and the problems with investing in too many properties
  • Special: Victor unpacked an amazing tip at the 55-minute mark. So make sure you don’t miss that!

 

Note: Victor brought enough gold to the couch to create a mining town … let us know if you agree! What to do and what never, ever to do … wooooaaaah, thanks Victor!

 

Some other resources for our fellow listeners:

  • Our chat with Steve Waters back in Episode 42 – Listen here
  • LocationScore’s Launch Offer is expiring this Sunday, 20th August 2017! (Code: TPC20)Check it out here

 

Episode 127 | What’s Happening In The Property Market? – Chat with Nerida Conisbee, Chief Economist at REA Group

Happy AWE-GUEST! Yep, the month of “Awe-guest” — it’s a little bit witty isn’t it 🙂 — means only awesome things because we are releasing 2 EPISODES A WEEK WITH THE MOST AWESOME GUESTS for the entire month!

To kick start Awe-guest, we are stoked to announce Nerida Conisbee, Chief Economist at REA Group is here for the second time — you can listen to her first episode on which market to invest in 2017 here. With more than 20 years’ experience in property research throughout Asia Pacific, Nerida is THE professional to talk to when it comes to the economy and market conditions!

Sharing what she knows best with Bryce and Ben, Nerida and the boys cover:

  • How the cyclical conditions in Tasmania will effect property investors
  • What the changes are to foreign investment and how the effect our economy and your investing
  • How the USA’s economic growth is affecting the current Australian dollar on the Trade Weighted Index
  • Where Chinese buyers are choosing to invest and how it’s affecting the Sydney boom
  • What other long term affordability solutions out there
  • Whether or not rates will increase for homebuyers
  • What the banks will do if (when) the interest rate on mortgage loans increases
  • How interest rates and unemployment levels correlate with demand in a market
  • How to look at investment in Brisbane and the gentrification in Adelaide
  • What the “expectation problem” in Melbourne is and how to use it to your advantage
  • How to break into the market without huge levels of debt
  • What’s the current outlook is for Perth, Adelaide, Canberra and Darwin markets

 

Remember: We have a NEW Voicemail widget (the microphone on the right side of your screen) so you can leave us a recorded message that we will play on our Q&A! It’s a happy Awe-guest indeed!

And here’s the link to all the resources mentioned in today’s show:

  • CoreLogic’s latest report on Capital Gains Trend – Read here
  • Bryce’s appearance on ABC 7.30 on Housing Affordability (21-minute mark) – Watch here
  • The Code of The Extraordinary Mind by Vishen Lakhiani – Find out more
  • The 5C’s Lenders look at to Approve your Loan – Watch here

 

If you like this podcast: “What’s Happening In The Property Market with Nerida Connisbee, Chief Economist at REA Group”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: New Topics

Episode 122 | Q&A – A Transitioning Market, Money, Habits, Tax Deductions and What It’s Really Costing You

It’s that time again … a few questions from you and a few answers from the boys!

Oh, before we give you a tiny tease about today’s podcast … just a huge shout out for being SO supportive about our technical glitch last week. Our inbox was flooded with all of your emails and concerns—please know that our hearts’ burst (with love) and we missed you all too! We really did. But we’re back and better than ever this week. (With an epic guest next Thursday we’ve got The Stig running the server like a pro.)

Right … to today’s Q&A! It’s the time of a transitioning market. So things are starting to balance out in the property scene. The boys will fill you in on the nitty gritty; but, guess what? This is an empowering time for buyers!

Think Question. Think Answer. Think Golf. Blame Bryce for his legendary metaphors.

 

  • Question on debt reduction from Allen:

I am trying to get into a better money management system and have just a few questions.
I currently have 1 personal loan of $22,000 and 2 credit cards both roughly $5000 each. In your previous podcasts about credit card management and The Money SMARTS System you suggest paying off whichever debt charges the most interest first. Well, the personal loan charges more than the credit cards in the long run and has more to pay off although the credit cards are of smaller amount but it is still high, which would you recommend paying off first?

  • Question on how to work out a property’s true value from Laura:

When monitoring an existing Investment Property’s capital growth, and trying to do this in an objective, non-biases and reliable method, can you please compare and contrast—get the advice—just relying on a real estate agents sales appraisal vs. a proper bank valuation?

My wife and I bought a house (PPOR) in Croydon Vic 2.5 years ago, which has since appreciated by nearly 20%. We are looking at buying our first investment property this year, around mid-year. We had a child last year, my wife will be going back to work part time mid-year and is currently on maternity & LSL. My salary will be about $100k more than hers.

Will it make sense to get the investment loan out in my name so that the losses can be claimed against my greater income? For some reason she is apprehensive about this idea, which I’m not sure why because we are married anyway and the titles can still be put in both our names even though the finance is in my name. Is this worth considering this or should everything just be in both our names, joint loans the like?

 

And here are the Free Resources mentioned in today’s podcast:

 

If you like this Q&A episode (A Transitioning Market, Money, Habits, Tax Deductions and What It’s Really Costing You), don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://thepropertycouch.com.au/topics/

Episode 105 | Insights from the Money Queen – Chat with Effie Zahos, Editor of Money Magazine

Our second Live Podcast Recording at the Melbourne Property Buyer Expo last weekend was with Effie Zahos! With more than 20 years in the finance and journalism industry, Effie started as a graduate trainee for Westpac and then moved on to being the head researcher for Channel Nine’s successful Money program in 1997. She has been the editor of Money Magazine since 1999 as well as the magazine’s banking specialist, a regular finance commentator on TV and radio, and the author of The Great $20 Adventure and Getting Rich, Staying Rich!

 

 

So for today’s episode, the three of them will be talking about:

  • How did she start in the finance and journalism industry
  • Being the editor of Money Magazine, working with top economists and industry experts and investors’ success and horror stories she’s come across over the years
  • Having a mentor and how it helps in her career
  • The Top 4 Money Magazine Cover Story and the changes in readers’ interest when it comes to building wealth
  • Building wealth through superannuation and why you should take an interest in it at an earlier age
  • Salary sacrificing and if it’s a good idea
  • The housing affordability debate and what others ways to get onto the property ladder sooner
  • Continuous source of information and education for property investors

 

Here are the resources mentioned in today’s podcast:

  • Money Magazine Cover Story | Earn $2500 a Week at Retirement – Read here
  • Money Magazine Cover Story | Rent and Invest – Read here
  • ABS Website for Population Clock – Find out more

 

If you like this podcast: “Insights from the Money Queen – Chat with Effie Zahos, Editor of Money Magazine”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Episode 094 | Which Market to Invest in for 2017? – Chat with Nerida Conisbee, Chief Economist for the REA Group

Keeping to our Summer Series tradition, Bryce and Ben are joined by yet another special guest in today’s episode; Nerida Conisbee – The Chief Economist of The REA Group: now the biggest digital real estate company in the world! With more than 20 years property research experience throughout Asia Pacific, Nerida also appears every Saturday on SkyNews Real Estate program, is an adviser on property market conditions to major Government bodies and has held senior positions within commercial agencies and major consulting firm.

Leveraging on her experience and knowledge in the property industry, the three of them will be chatting about:

  • How are the two capital cities, Sydney and Melbourne performed in 2016 particularly in the apartment market and what’s the outlook for 2017
  • What’s the level of housing affordability for property buyers across Australia
  • Investing habits between Sydney and Melbourne, and how these compare to major cities around the world and the drivers that are slowing down property listing in those two cities
  • Potential changes to the lifestyle trends in Sydney where houses are less affordable for young home buyers and how this would affect Melbourne
  • Research data and methodology in commercial real estate as compared to residential real estate
  • Seeing the GDP drop and finding that balance between the property market being strong and weak; therefore, knowing when the best time to sell is
  • The 2017 outlook for Perth, Brisbane, Hobart, Adelaide, Darwin and Canberra and which market to invest in for 2017

 

We hope you enjoyed this podcast and look forward to hearing your thoughts on the topics brought up! And here’s the site that Nerida mentioned in today’s podcast:

 

If you like this podcast: “Which Market to Invest in for 2017? – Chat with Nerida Conisbee”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/.

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