Property Investor Archives - Page 5 of 9

166 | How to Avoid the 7 Common and Costly Settlement Mistakes when Buying a Property – Chat with Nicole Faid

By The Property Couch April 5, 2018 in Case Study, Podcast

Back by popular demand! We heard from today’s guest back on Episode 107, and joining us again is none other than Nicole Faid, Principal and Founder of Accord Conveyancing, who has handed out accurate legal advice for over 25 years of industry experience! Just a heads up — we covered her awesome back story in that episode, so if you want to hear it (and it’s well worth the listen), go back and check it out!

So — Conveyancing — let’s take the mystery out of it, folks! Because a lot of people out there don’t know what happens once the documents have been handed over to a Conveyancer, especially one like Nicole!

And we jump straight into it, folks! So get pumped for the 7 common & COSTLY mistakes you really DON’T want to make…

(If this episode doesn’t cement the fact that it’s crucial to get a contract review BEFORE you sign, very little will!)

So, let’s hear it. What exactly are you in for?

In a nutshell, what does a conveyancer do?
What is the most important document that underpins a contract?
How many people don’t get the amount of land they thought they would when purchasing a property?
What happens if the discrepancy of this land is less than 5%?
What REAL LIFE EXAMPLE happened in Brunswick? (And how much did this mistake cost the buyer?!)
Why shouldn’t you rely on your own interpretation of “wear and tear”?
Are “back to back settlements” a bad idea?
What happens with the conveyancing rules if you’re a borderless investor?
What is a “caveat”?
If you’re purchasing through a SMSF, what title requirements do you need to be aware of?
What can happen in the settlement period that will seriously shock you?
Why is it important to distinguish between major and minor issues with the settlement process?
When should you conduct a Building and Pest Inspection?
How does the art of negotiation fit into all this?
What is the best risk management?
What do you need to keep in mind with the final inspection?
What is the legal requirement about having a granny flat?!

… Yep, it’s a hairy and very serious episode folks, because the mistakes we talk about in this episode can be VERY EXPENSIVE!!

TODAY’S TEASER:

P.S Missed yesterday’s Facebook Live?

We answered a couple of questions on your lunchbreak (in 15 minutes)!

WATCH it here.

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

By The Property Couch March 1, 2018 in Case Study, Podcast

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:

What drove the Sydney property market over the last 5 years?
Why does the split between owner-occupiers and investors matter, and what does it say about the Sydney market?
Are FOMO still impacting the Sydney market and why parents are dangerous in an auction
What trends were happening with Sydney auctions?
What strategies can you use at auction?
How can you “throw the agent” and also escape the control of an auctioneer?
What’s an expensive risk for a buyer?
Why do different types of real estate agents affect buyers?
What’s the problem with not being financed before auction?
What’s the number one thing to look for in a Buyers Agent?
Is it possible to have too many properties in your portfolio?
What is a Buyers Agent and do you need one?
What’s an s66W Certificate?
How do apartments fare in Sydney?
What’s next for the Sydney property market?

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!!

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

By The Property Couch February 22, 2018 in Case Study, Podcast, Real life stories

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:

An honest, vulnerable and authentic view from a client’s eyes (and mind)
The difference between expectation and reality
How to pivot your mindset to create profound change
Why being told “what you want to hear” can be more harmful than helpful
If we get advice on our own portfolios……..
The Dos and Don’ts of Property Investing
How to know if you’re ready for professional advice?
The fine line between a dream and a reality check!
What’s worse: procrastination or a bad property investment decision?
How to make a mental decision to move forward
Bryce and Ben’s “light globe moments” in their own journey!
Why a wrong decision(s) can set you back 10 years!
The importance of timing the market and doing the research
Powerful, powerful bullet point — Karla’s key learnings
Some education tips you can try at home
How to choose an advisor wisely
What are the tangible benefits of changing your thinking?

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.

159 | From Anti-depressants to Airbnb – Chat with Emily Hazell, Founder of Serotonin Eatery

By The Property Couch February 15, 2018 in Podcast

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Feel Good February is even better with a Feel Good Podcast, folks! So, that’s exactly what we’ve got in store for you today: The episode to get rid of the “mood funk” 🙂
In other words: it’s a mindset, business success and property story all rolled into one holistic show!

If that doesn’t make you feel good, our guest, Emily Hazell of Serotonin Eatery, Exercise and Education will give you the fresh tips to get there!

To clear any confusion: Serotonin is often referred to as “The Happiness Hormone.”

Emily, with a Double Degree in Architecture and Graphic Design behind her, is the founder of the world’s first Happiness Centre — an eatery with an entire menu and physical space designed to increase your serotonin levels! … but Emily didn’t get this idea from being happy — she’d struggled with mood swings, depression and anxiety in her earlier years, and sourced a natural solution that wouldn’t require a prescription.

How does the property investment stuff fit in?

Listen to find out. (And learn how Emily saved $500 every week for 10 years!)

[ QUICK INTERRUPTION ]

*** We’re doing Facebook Live Q&A! They run for 15 minutes, either on your lunch break or on your commute home. Download our Money Smarts to be notified when they’re happening. ***

So, what can you learn from today’s show?

How can you stabilise your health and mood with serotonin and increase overall happiness?
What are the challenges and lessons learnt along the way when starting a business?
How did the power of investing fund her business?
Why are your habits that are stopping you from “getting things done”?
How did Emily nail asset selection and apply it to her business?
What little things can you do to increase your serotonin levels?
Why is knowing your “personal mission” important for mastering your mindset?
The power of turning a negative into a positive!
Lifestyle drivers and how that relates to suburb gentrification
How can investing in a financial planner grow your money?
Is investing in Airbnb a good investment?
What are the challenges and innovations of investing in Airbnb
What do you need to know about goal-setting and planning?
Are you doing something now that is a “tax on tomorrow’s happiness”?
How do you back yourself?
Why do you need to get a network and support behind you, even if you’re going it alone?

Looking for the rest of the Serotonin Formula that Emily mentioned on the show? Click here to find out more!

151 | Is Bitcoin a good investment and what are the Final Budget Changes on Tax Depreciation?

By The Property Couch December 21, 2017 in Podcast

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There are so many things to be excited about in this week’s episode!!!

First of all, PICA IS FINALLY UP! Remember a few weeks back (Sydney expo) when Ben gave you a sneak peek at setting up a not-for-profit association for property investors by property investors? Well, it’s official now … and it’s time to unite and make our voices heard. It’s time we take action to ensure our property investments are protected, now and into the future. So make sure you check it out! www.pica.asn.au

(Membership is only $5 a year or $20 for 5 years! Find out more about PICA’s Membership here.)

Following on from this … the most drastic change impacting property investors significantly is the recent depreciation changes. On this year’s Budget Night, 7:30 pm AEST on the 9th of May 2017, the Government proposed quite some changes to the tax depreciation schedule. We’ve talked about these changes before with Bradley Beer, CEO of BMT Tax Depreciation back in Episode 117.

Since then, the Government has finalised on some of these changes and has decided that some of the proposed changes will not go ahead after all. But what are the finalised depreciation changes? That’s why we’ve invited Brad back into the studio today for a quick update!

And finally… Bitcoin.

It’s the No.1 trending search word at the moment.

So, are we for or against it???

Let’s talk.

So, what are you in for?

What depreciation changes did the Government finally decide on?
Who will be affected and who WILL NOT be affected?
What happens if you purchase an existing property after the 9th of May?
Will you be able to claim tax depreciation now, and is it still worth get a tax depreciation schedule done?
Are commercial properties affected by this change?
How can your accountant help with your claim?
What’s the definition of “Substantial renovation” in this new ruling?
Will Capital Gains Tax be affected?

and of course, on Bitcoin…

What is Bitcoin to start with, and why is it so trendy now?
Are there other cryptocurrencies out there?
Can they be used as a valid currency?
Will this last?

Don’t forget the Free Resources mentioned:

Brad’s previous appearance on the Couch — Episode 117
Ben’s Did You Know Tips can be found here.
Access to PICA (Property Investors Council of Australia) — Subscribe here
BMT Tax Depreciation Application Form – Fill in the form below to download or click here

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P.S. Ben’s Webinar Impact of Interest Only Lending is out! Make sure you check out your Throwback Thursday newsletter. Haven’t subscribed to our newsletter yet? Download the Money SMARTS and you’ll get it 🙂

How does the property investment stuff fit in?

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