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Episode 154 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 2)

Alright, folks! It’s that time again… Podcast Day!

And today we’re bringing you PART 2 of our Summer Series on the Foundational Principles of Property Investing, featuring THE best bits of gold from our guests!

So if you’re interested in building a property portfolio in a tough market, learning the key elements of property investing or wouldn’t mind a handful of renovating tips to increase that capital growth……. then this episode’s got it all!

But before we jump in and tell you which FIVE GUESTS are featuring today, we thought we’d slap on a sticky note here that reads:

Remember: $5 is all you need to become a PICA Member!

At the end of the day, it’s important we come together and join forces in protecting our investments, livelihood and ability to determine our own future.

 

That said, let’s get on with today show!

Featuring in today’s episode include the following guests…

Answering these questions:

 

Episode 153 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 1)

Happy New Year, folks!!! We hope you celebrated this new beginning in style — and also gave yourself a pat on the back for the great things you made happen in 2017!!

Indeed, 2018 is now with us……. and we are SO excited to share this new chapter with you. We also have a few surprises up our sleeve this year, with more than a handful of epic guests lined up!!

** If you’re super keen on hearing from someone in particular, or about a topic you’ve been dying to learn about, simply head to our Contact Us page or feel free to drop us a line at info@thepropertycouch.com.au**

And remember: $5 is all you need to become a PICA Member!

 

But back to today’s episode…. The Summer Series (Part 1 of 2) on the Foundational Principles of Property Investing, featuring THE best bits of gold from our guests.

In plain English, please?

You’ll hear The Do’s and The Absolutely-Don’ts of Property Investing from the people who have been there, done that, and have an enviable property portfolio to prove it.

(In a nutshell: all of the gold, snipped and trimmed, to fit into 2 episodes).

 

Featuring in today’s episode include the following guests:

 

Filling in the gold mine includes:

  • The Five Golden Rules of Property Investment
  • What is Gentrification and what signs do you need to look for?
  • Why type of car (yep) can influence the future price of a market?
  • The Checklist to getting a great Property Manager
  • If you’re a first time investor, what things MUST you know?
  • What do you need to be aware of when getting advice?
  • What property type is most risky? Why?
  • What role does the media play?
  • How to determine if you need a building inspection for the particular property?
  • What can go wrong?
  • How can you build a portfolio through rentvesting?
  • Asset selection tips and why is location research crucial?

 

Resources mentioned in the podcast:

Get your Break Even Calculator here

Become a PICA Member here

See the infographics Ben was talking about here

 

 

 

Episode 147 | Q&A – What’s Your Exit Strategy? Are You Retiring or Have You Bought a “Dud”?

It’s Q & A day BUT first things first … thank you!!

We have officially nailed our Movember target of $5,000!!!

And we’ve been busy parcelling The Armchair Guide to Property Investing for those of you who donated $25 or more (yep, for those who haven’t donated yet, you can still get a free book if you do this)!

PLUS, as Ben promised, he will be doing a Free Webinar on Working Out Your Retirement Gap … so stay tuned!!

In the first few minutes of today’s show, we also make an announcement on what happens if we hit our next target. (It has to do with Stiggy!!!)

 

But back to today’s Q & A on EXIT STRATEGIES, here’s what you’re in for:

 

The Q’s are as follows, folks:

 

Question from Lou:

Hi guys … long time listener (you take the edge off Sydney commuting, so thank you)!

My husband and I currently have six properties in NSW (nothing in Sydney metro … yet) valued at $2.3 million and LVR at 64% and gross yield of 8.2%.

We are both 40(ish) with two kids under 5. Our aim is to retire early with a $100K income. Reading your book and watching the videos and listening to the podcasts, I am wondering if retirement income is always based on rental income alone, or do you ever recommend borrowing off the equity as part of an early retirement strategy (with major buffers of course!). We’ve been very wrapped up in the acquisition phase that it’s hard to see where the end is especially when rents seem to creep up so slowly … I would love your thoughts on ‘living off the equity’ as part of a strategy.

 

Question from Chris:

Hi, I just started listening to your podcast. Can I get some advice from you guys regarding this case?

Mid of 2016, I paid 40k down payment (10%) for an off-the-plan 1 bed room apartment in Melbourne CBD (close to Melbourne Central.) The settlement is in 2018.

After getting some education from several property investment resources including your podcast (which I should have done first), I realised that I had probably made a rookie mistake. The purpose of this investment was tax deduction (another rookie mistake, I know).

Now, I still have some cash (around $200K) in my home loan offset account (saving and equity from a remortgage). If I want to start building a long-term portfolio (I’m 37, 2 young kids), what shall be my next step? Do you suggest I sell off-the-plan apartment before settlement? I have a very bad feeling about that off-the-plan apartment before settlement? I have a very bad feeling about that investment …

Look forward to your advice!

 

Question from Sonya

I’ve started listening to you guys (and yes, I tune out to the football banter) and yes, I have bought your book. My question is: What determines whether or not an investment property is a ‘dud’, and should you get out of it as soon as these signs start to appear? We bought an investment property in Thornbury, Melbourne. The area has had great growth in the last five years, average above 8%. Our property is a 2 bedroom townhouse, circa 1970s. It has grown about 4% pa and rent has not increased in the 5 years we’ve had it. Rental yield is about 4%. I believe the location is the problem as it is not a walk to the main hipster drag. We have cash flow to purchase another property, but could have more if we sell this ‘dud’. And we have a capital gains loss from a piece of land we sold a while ago, which we can use to offset any capital gain we may make if we sell the ‘dud’. Does this have signs of a property ‘dud’? Do we hold out and wait, or do we exit now, use the capital loss to our benefit and buy another property?

 

Question from Christian:

  1. I would love to listen to an episode dedicated to exit strategy and retirement.

These types of strategies, how to exit, how much income to expect in retirement etc.

  1. Are the days of large property portfolios over?? Given the current APRA restrictions and banks extremely conservative assessment rates, many investors with 3 – 4 properties are finding it difficult to borrow more for further purchases. Banks are assessing existing borrowings and P&I loans with rates at 7.5%. Rental income at 80% and negative gearing not taken into account. For an investor with 2 ­­– 3 properties or more, that kills your servicing to borrow more. Yes, it’s a first world problem, but we need to build a decent asset base to get the passive income stream down the track!

Thoughts??

Love your work!!

Episode 130 | Stage to Savvy: How this Singer/Actor Built her Own Impressive Portfolio and Without Guaranteed Work – Chat with Rachel Cole

Awe-Guest, for us, is about bringing in experts from all walks of life and we are proud to say that we’ve finally got Rachel Cole on the show! Welcome Rach!!

Rach is an accomplished performer, singer and actor and is currently understudying Miss Honey, Mrs Wormwood and Mrs Phelps on Matilda The Musical (yes, that one), after understudying Nessa Rose in the Australasian tour of WICKED. A young property investor, Rach loves property research, spreadsheet and is very savvy with her spending. Rach also has a Bachelor Degree in Psychology, a quick-witted blog, Stage Door Shrink, and a passion for sharing what she knows about property investing, even when her creative work (read: money) isn’t always guaranteed.

In today’s podcast, she and the boys unfold:

  • How to invest as a young, single woman with intermittent paychecks
  • How a conservative upbringing and 25 cents in pocket money for every year old she was, paid off
  • What things you should never to get a loan for
  • Money SMARTS, how to implement a budget for everything and other ways to save money
  • Why investing in a $100 bike can land you a house deposit
  • The necessity of sacrifice
  • Getting her first investment property without a fixed income
  • How to be a borderless investor and things you need to consider
  • The costs of renovating and how much is too much
  • What you should always ask the “the locals” before you buy in their suburb
  • What research do you need to do to get the best possible returns?
  • When is the only time to buy off the plan?
  • How to act now when you’re circumstances “aren’t right”

 

PLUS you’ll also get to hear an exclusive performance from Rach! Don’t miss out!

 

Episode 115 | What Does The 2017 Federal Budget Mean To The Property Market?

What a week! Apologies for the podcast’s downtown earlier this week and thank you to those of you who wrote in to us. We had a system update and things didn’t quite work out as we wanted them to be. That aside, the 2017 Federal Budget has been released just a couple of days ago. So let’s talk about that.

There were a few proposals relating to the affordability issue and a couple more that aims at the property investors pool. But overall, this was not an overly exciting budget. It was a conservative one. Nonetheless, what impact will if have on property owners and the Australian Property Market in general. Some of the issues that Bryce and Ben discussed in today’s episode are:

  • The proposed changes to depreciation deductions for plant and equipment
  • Capital Gains Tax exemption for foreign and temporary tax residents
  • Investors’ travel expenses claims
  • The implementation of First Home Super Saver Scheme and is it a good idea
  • The expanded audit on overseas investors

If you would like to understand more about the 2017 Federal Budget, please check out this link.

We’ve also answered a few questions from:

  • Joel on the First Home Super Saver Scheme: Hi property couch crew! Since the website is down ill throw my question for the next Q&A here. A good one of the younger generation first home buyers as well as parents. My question relates to the announcement of the first home buyers saving scheme announced in the budget, with the tax break through superannuation. Being someone who has been taught in uni and at home by my parents not to touch my super and add extra payments where possible, is this scheme of accessing it for a house deposit reasonable? I see the tax break being a great idea but opening the idea of people taking there super to buy a house they cant save for rings alarm bells for me. Do i have the correct understanding of it all? Would you recommend another way?
  • Leo on property valuation: Hi Ben & Bryce – (and the Stig!), I cannot thank you enough for the endless amount of value that you provide for your listeners. Your content is conversational and easy to understand even for a first-time investor like myself.
    I have a suggestion that may also benefit other listeners. I have recently purchased my first investment at 23 years old. It is an existing (3 bed, brick and tile) property and I am in the process of planning a cosmetic renovation. My question is – When refinancing against an existing asset, do all property valuers have a set agenda when valuing your property? Since all valuers will have a different opinion on price, is there a similar set of factors they look at? (i.e Condition of kitchen, bathroom, flooring etc) – going on from this, Is there ways you can make your property more appealing to a valuer in order to gain a higher valuation to leverage onto the next investment? Thanks alot guys – I appreciate your work!
  • Derek on bookkeeping for investors: Something that isn’t as widely discussed in the field of real estate is book keeping. You guys mention the need to spend 10 hours or so per year to review each property in a portfolio. Can you dive into greater detail as to what exactly this entails? What sort of information do we need to keep track of and is that done through spreadsheets or specific software?

 

If you like this episode (What Does The 2017 Federal Budget Mean To The Property Market?), 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://tpcaustralia.wpengine.com/topics/

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