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Episode 164 | Q&A – How to Avoid Poor Loan Structure

It’s Q & A Day, folks!!

Off the back of last night’s webinar, “7 Deadly Sins of Building a Property Portfolio” we’ve got plenty of questions leftover that we reckon are going to help you with ALL THINGS LOANS and INVESTMENT LENDING!!!

Before it kicks off though … we’ve got a BIG announcement (well, big news for Bryce!!)… so make sure you keep an ear out!

So, we’ve got SIX questions to get through, which will help you in avoiding poor loan structure and more importantly, your planning stage of building a property portfolio!

 

Question from Mark:

I have a PPR mortgaged at the moment, as does my girlfriend. We wish in the future to turn both into investment properties and buy a further property to live in long term. Should we be spending money doing any works to the properties that we currently live in? Or should we spend the bare minimum and save every cent for our “together” house?

 

Question from Laudy:

I thought they’d changed the PPR loans and didn’t allow interest only loans anymore — how can this be done?

 

Question from Dean

Can you use equity in your investment properties to wipe out your PPR mortgage?

 

Question from Chris:

I understand the concept of “tapping into property 1’s equity” but HOW do we do it? Is a Line of Credit an appropriate method? Is this with the same bank or a different bank? Thanks guys, appreciate the help!

 

Question from Matt:

In the case studies it shows the debt on investment properties being paid off over time. When do you switch from IO to P&I? Should you refinance after 5 years to extend IO period as long as possible or switch to P&I when your cash flow allows?

 

Question from Shanki:

Regarding loan structure, can I use the equity from 1 property to pay the deposit for 2 separate investment properties? Is it similar to collateral?

 

 

p.s. Here are all the links for today’s podcast!

 

 

 

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.

 

 

 

Episode 158 | Cut The Noise: How to Master Your Mindset with Chris Helder

That’s right, folks!

Back by popular demand, we have Chris Helder on The Couch … with his brand new (it’s only been out a week) book, Cut The Noise!!

We first heard Chris’s power of mindset and “Useful Belief” in Episode 113 | Why Positive Thinking Doesn’t Work … and, in Bryce’s email shout out, you mentioned you’d benefit from having Chris back on…

Boy, are we glad you did!
For those who missed the episode or need a refresher, Chris Helder is a certified practitioner of Neuro-Linguistic Programming, Public Speaker and author of Cut The Noise, Useful Belief and The Ultimate Book of Influence. He’s one of the highest booked speakers and his message is seriously impactful (and useful).

Today, he’s talking about: Better Results, Less Guilt.

Why? We’re bombarded by “news” every. single. day.

Media. Social Media. Marketing. Almost everywhere we look………..

So, how do we cut the noise?

 

You’ll get answers to:

And stay around till Ben’s Did You Know too! There’s be some interesting discussion around the recent volatility in the stock exchange. 😉

 

p.s. You can purchase all of Chris Helder’s book via his website: http://www.chrishelder.com/

p.p.s. Looking for Brene Brown’s Ted Talk on the Power of Vulnerability? Watch it here.

Want regular updates and exclusive freebies? Join our tribe when you download The Money SMARTS System.

 

 

Episode 157 | 7 Reasons Why Investors Should Think Like Ants

Folks … we’ve gone a bit creative on today’s episode!!

We want you to think, act and do like …. ants!

Yep. We really do mean those teeny tiny insects…. who would have thought ants would come up in a property investing podcast? But before you ask yourself, “Have we left our marbles somewhere?”, we solemnly swear we’ve got a reason!

Well, 7 actually.

And we reckon you can take something away from today’s crafty, critter-fueled episode … especially if you’re in need a bit of a pick-me-up in the mindset department!
So, before we give you the low down on today’s episode, let’s get to the real talk: The proposed changes to the Residential Tenancies Act.

Yep, it’s causing a bit of a stir after a few disgruntled tenants have had their say ….but it’s now time to have ours. Because these reforms WILL have negative impacts on landlords. Some of the proposed changes include:

  • Allowing tenants to make non-structural modifications to rental properties, which may include repainting an entire property, installing hooks for picture frames, concreting the backyard or reconfiguring built in robes
  • Removal of the landlord’s rights to consent to, or refuse, pets
  • Changes to notice periods around ending a lease, removing the ability for a landlord to serve a 120 Day Notice to Vacate for ‘No Specified Reason’, and removing the option to serve a 60 or 90 Day Notice to Vacate for ‘End of Fixed-term tenancy’ after the initial first term
  • Capping bonds at one month’s rent where the rent is less than $760 per week. This reform will also apply rent that is paid in advance.

We get that a hook in the wall is one thing.. but concreting a backyard, or painting the walls in lime green, is an entirely different thing. These are our assets, and shouldn’t we have the voice to protect them?

So, The Real Estate Institute of Victoria (REIV) released an online petition calling on the Andrews’ Government to change these proposed reforms to Victoria’s rental laws. We want fairness for both sides.

 

They need 20,000 signed petitions are needed by 6th February 2018.

So, if you feel passionate about this and want to make sure your landlord rights remain, you can sign the petition here.

 

 

BUT BACK TO THE ANTS & TODAY’S EPISODE….

Did you know that ants can carry 50 times the weight of their body weight?!

Impressive, huh?

This all comes into our 7 reasons why investors should think like ants because:

  1. Ants aren’t intimidated by their workload.

We’ll tell you how this all fits in with property investing, as well as:

 

Enjoy the episode, folks!
Please let us know what you think of today’s episode! (Be honest.)

 

 

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