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Episode 144 | The American Property Market: Tax Liens, Tax Deeds, Texas and Investing in Opportunity – Chat with Jeff Goins

We’ve spent the week in America, folks — so we thought we’d better bring you back a bit of gold!

Sitting by a pool in Dellas (yep), we scored some local intel on the American Property Market —like what’s making Texas a HOT place for investing — with today’s guest, Jeff Goins.

So who’s Jeff? A full-time investor of “Tax Deeds” in Texas which includes house “flipping”, he has a builder’s license and a sponge of property knowledge. What’s most eye-opening though, is his local insight into how Americans invest in residential property, including their lending rules and regulations, and their penalties for (and opportunities in) unpaid property taxes, which is VASTLY different from the way us Aussies do it!

Oh, and a couple of Texan “translations” before we start:

“Inventory” = Supply and Demand
“Rehab” = Renovate

 

So, what are we discussing?

  • What’s the appeal of investing in the American market; particularly Texas?
  • The US Government involvement in their lending and how it triggered the global financial crisis (GFC)?
  • Aftermaths of the GFC and how they recover their confidence in the real estate market?
  • The differences in Australia’s and America’s lending regulation
  • What are the interest rates like?
  • How to research investment grade locations
  • Understanding the geo-economic difference between both countries and how will it impact investors’ decisions
  • Why do they have such a volatile property market?
  • Why is the average property price in America SO much cheaper?
  • Are there offset accounts and are they able to leverage off equity?
  • What happens if you don’t pay tax on your property?
  • What does “Tax Liens” and Tax Deeds” mean?
  • How can investors benefit from Tax Liens and Tax Deeds?
  • Is there such a thing as residential property advice in America?
  • Where are the auctions held in Texas? (!)

 

ALSO, we’re doing Movember this month! We’ve been supporting this cause for years but this time, we plan to expand the awareness on men’s health and help the support the cause to our community. Our target is $5,000. Now, our show is free but if you think we are doing a good job, please donate here.

Every dollar counts! (Bucket loads of good karma awaits you.)

Here’s the link again: https://moteam.co/the-property-couch

 

 

 

Episode 143 | When will the Power of Big Data and AI decide the Real Value of your Property? Chat with Greg Dickason, Chief Technology Officer at CoreLogic

Big Data. Artificial Intelligence. When will it start calling the shots?

As promised, here’s our LIVE PODCAST from the Sydney Property Buyers Expo on the weekend! So if you missed our nail-biting chat with Greg Dickason, Chief Technology Officer at Corelogic, we have you covered!

First things first: CoreLogic is THE number 1 data provider in the world for property-related insights. Interested in learning the latest from a mouth that’s had a taste of what’s in store? Us too.

What can you expect?

  • Who is CoreLogic providing its data to? (and why it REALLY matters!)
  • What does Greg do in his role that will surprise you?
  • How and where does CoreLogic collects its data and how are they analysed?
  • When will this data transform the property industry?
  • How will you make property decisions in the future?
  • Is it possible for data to choose a property for you?
  • Top tips from Greg on how to use data to help you in buying your next property.
  • Can you buy this data yourself? How much is it?
  • BEN ANNOUNCES PICA (Property Investors Council of Australia)!!
  • Where can you access this data, right now?

Listen to the episode now.

Episode 137 | Spring Buying Tips | How to Negotiate A Deal During This Selling Season

Spring has sprung! And it’s the selling season, indeed. Properties look more beautiful — the lawn is luscious, the sun’s out, there are flowers all around … these all tickle your emotions, charming a lot of buyers to come out and bid. And pay an emotional price too — a lot more than the property is worth!

So how do you make sure you knock out all the competition AND still buy the property at a price you can afford?

In this episode, the boys explain the 7 tips to Buying in Spring to make sure you, as a property investor, succeed!

 

Bryce and Ben discuss:

  • Why is Spring the selling season?
  • The importance of a vendor’s motivations and which ones could get you a cheaper price (you can listen to The Four D Words here)
  • What to look out for before you make an offer
  • How AND when to make a knockout offer
  • How to outsmart a real estate agent by not being smart
  • What do you need to say to a real estate agent?
  • What type of buyer do you need to be in Spring?
  • When does the negation actually start and how do you negotiate to win?
  • What to do (and what to not do) at Open For Inspections
  • How do you find out what a property is really worth?
  • The power of having a Plan B and why you need it in a negotiation?
  • First Home Buyer Tips and how real estate agents use your words against you.

 

Don’t forget to check out this month’s Money Magazine on Where to Invest $10k! There are tips and advice from 8 Property Experts and TPC Listeners will find one particularly familiar face too. 😉

And if you are interested in the research tool Bryce and Ben mentioned in the podcast, here’s the link to it: Find out more about LocationScore here.

 

 

Episode 136 | Four Corners and Q&A – The Property Bubble, Being Burnt and Afraid to Invest: What Not to Do

Well folks, after Awe-Guest, it seems like a long time since our last Q&A!

So a lot of you have been writing in to us wanting to know our view on Four Corners’ recent episode on property investment in Australia, Betting on the House.

Now, there was a bit of doom-and-gloom in this episode and we want to talk about it.

To do this, we’re going to answer YOUR hard questions about property investment — the difficulties, the consequences of poor asset selection, bad property investment advice, the fear of debt and the “1 – 2 property block”.

 

Note: Ben’s reference to PIPA’s Framework on regulating Property Investment (very, very important stuff) can be found if you click here.

 

Today’s Questions!

Hot Markets & The Overall Economy from David:

Hi Team,

Wanted your thought on this “bubble” topic and the actions we see from ASIC and APRA with the banks.
The way I see it (I am an Australian working in Malaysia, with 1 property investment in WA and 1 being built in NSW Blue mountains) the rate increases are short-sighted and will hurt more than they help.
With increasing rates it means more money is pumped into paying debt. This means there is less for discretionary spending (going out, movies, dinners, gifts, holidays). With less mining and less manufacturing, Australia needs these service based industries to grow. With less spending on them, due to rates, they will shrink — this in turn hurts our overall economic situation … almost starts to lead us down the “R” word path and a certain “bubble” correction.

Would it not be better to strict things in Sydney and Melbourne markets as a standalone action by:

  1. Restricting bank refinancing and equity accessing for those hot markets – ensure LVR at 70% minimum for a refinance
    2. Ensuring all investment purchases in those hot markets have 20 – 25% deposit minimum
    3. Assessing loans for investment on 10% interest rate for P&I
    4. Limiting foreign investor purchasing in the hot markets?

This will mean the wider economy can continue, other markets needing a boost can see a rate cut maybe, and first home buyers in ‘hot markets’ do not get squeezed out.
Is it that easy?

 

Asset Selection (Numbers versus Emotions?) from Anne:

Thanks for your fascinating podcast! Just had a quick question regarding looking for investment property. I often hear that the property should have owner/occupier appeal, and yet I also hear that you need to take your emotions out of the equation and just look at the numbers! How do you balance these seemingly conflicting ideals? I am trying to just look at the numbers on an area, which I personally would not live in, and am finding it difficult.

 

Why Most Investors Stop At One from Andrew:

Hi Ben, Bryce and Ivise,

My question is about moving onto the 2nd property. I have often heard statistics such as the overwhelming proportion of property investors stop at 1 investment property. I understand that cash flow is king. I really want to know why or how investors get “stuck” after 1 or 2 properties. Is it their fear of debt or high LVRs? Obviously, the serviceability assessment by banks and recent government changes and APRA regulations has put a slow down on the investor space but these statistics were around long before the changes.
I am of the belief that you purchase what you can afford, manufacture some equity, wait for your property to grow in equity to move on again, and again, and again …
I don’t mind sharing my details as there would probably be many listeners out there in similar situation:

I am 33, single income family on $110,000 a year — currently renting in regional QLD due to work. I used a buyer’s agent to purchase my first investment property, a 3 bed, 1 bath and 1 garage in Birkdale QLD on a corner block in March 2017 for $455k. The property manager had it rented in under 2 weeks of being on the market. It currently has a 4.9% gross yield. There is $65k in the redraw, which means the property is neutral, which is good as it is in a trust. Further to this, I am adding an additional $1400 a month to the redraw. I will be ready to go again in a few months. (Yay?) I plan on adding a bathroom and bedroom to the property after the tenants finish their 12 month lease. My strategy is to buy, renovate, hold.
I really hope to receive some information about the “1 – 2 property block”. If this question makes it to a podcast, I’ll be very satisfied as I know many investors would have this question.

PS – Bring back the sign off in different languages!
PPS – awesome book — read it twice already

 

 

Episode 129 | Robots in Real Estate: Friend or Foe? – Chat with Nigel Dalton, Chief Inventor at REA Group

Disclaimer: This is Beyond Mind-blowing. 😉

Think technology. Think crazy. Think sci-fi films, actually. Yep. This podcast is futuristic—except, all this crazy tech stuff is happening in a future arriving sooner than you think (we were shocked too when we found out)!

To tell us all about it (and to bewilder us), Nigel Dalton—one with the coolest title going around—Chief Inventor at realestate.com.au (REA)—literally awes the couch. With 25+ years’ experience in IT, Nigel co-founded Luna Tractor, which is responsible for discovering the crème de la crème in the digital space and bringing these phenomenal developments to the Australian property market.

You will laugh as Bryce and Ben turn The Property Couch into a virtual 3D house inspection, looking seriously ridiculous in “extended reality” headsets!

This mind-blowing podcast includes:

  • How the property industry will benefit from robots, drones, avatars and reality-altering headwear
  • Is technology a friend or your foe?
  • The “human” side of technology and whether or not you’ll lose your job to a robot (seriously)
  • The social implications of technology and the boundaries that shouldn’t be pushed
  • Where big data are being collected, how it’s analysed and when will it start changing our day-to-day tasks
  • How technology will potentially outsmart a lazy real estate agent
  • The trends happening in property, asset selection and the beginnings of a massive change in the industry
  • How many years (!) it will take until we live and work in a virtual reality (prepare yourself)
  • Trialing the Microsoft HoloLens … and why the groundbreaking “virtual reality” headwear will be the next hit
  • How to “air tap” or simply look at a wall to enter a house (we’re not kidding)
  • The global competition in real estate and the digital space
  • How to “dream build”
  • BREAKING NEWS: Will iPhone’s Suri will be able pick your investment property for you!

 

In Nigel’s own words, it’s:

“The cutting edge in what’s crazy.”

 

Do yourselves a favour, guys. This one is next-level.

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