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Episode 103 (Part 1) | Chat with Jan Somers, Housewife And Property Multimillionaire

We are extremely excited here on The Property Couch this week to announce the long-awaited meeting with our special guest today, JAN SOMERS (as we’re sure you would agree)! With a successful property portfolio spanning over 40 years with countless properties within the country, Jan is an inspirational, property-investing mogul who we all could learn a lot from. As we gained so much gold from the hour-long chat, we’ve had to split the episode into two! In this first part, Bryce Holdaway and Ben Kingsley discuss the following areas with Jan:

  • What got her into property investing back in 1972 and how did she build her portfolio since then
  • Her mentor in life and her outlook in education and continuous learning
  • Her point of view and experience on negative gearing
  • How did she structure her loans and what kind of loan strategy does she have for her portfolio
  • Tips on improving your borrowing power
  • What motivated her to write her books, Building Wealth
  • Having the right mindset as an investor

And so much more! As Jan is someone who has a continuous passion and drive for property investing, this is definitely a 2-part episode you will not want to miss. Her journey through property investing is definitely a story worth listening to and reading up on so make sure you tune in.

Here’s the link to her books and the PIA Investor software: Click here.

 

And as always, if you like this episode (Chat with Jan Somers, Housewife And Property Multimillionaire – Part 1), 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/

Episode 102 | Do We Have A Housing Affordability Issue?

Finally, back in the studio again this week and as mentioned in Ben’s latest RBA’s cash rate announcement video, this episode of the podcast has Bryce and Ben talking about the all time hot debate topic: The Housing Affordability Issue. But before that, we just want to highlight that the podcast has reached another one of our milestone!

1,027,000 DOWNLOADS!

A big thank you to all of our listeners for tuning in! We wouldn’t have been able to achieve this without your support, reviews, feedbacks and all the amazing questions that you’ve sent in! Our next milestone target is 5,000,000 downloads so if you think we are a good bunch of people and the contents are helpful, just let someone else know. 😉

Anyway, back to today’s podcast. Today’s topic is clearly one that Bryce and Ben are both passionate about, as you will hear in this episode. From questioning the ‘affordability’ issue that we are facing, suggestions to help improve this, infrastructure developments that would benefit Australians, the political aspects of urban development and negative gearing, the importance of controlled immigration and population growth, to talking about Money SMARTS and discussing different household configurations; it will be particularly interesting for you all to listen to the different reasons and situations that could affect affordability for anyone, in any part of Australia.

Make sure you don’t miss this episode!

And the other stuff mentioned in this episode are:

 

And as always, if you like this episode (Do We Have A Housing Affordability Issue?), 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/

Episode 099 | Q&A – Tips For Investing Late In Life, Selling Your Home, Fixing A Downward Portfolio Spiral and more

As Bryce puts it today, we’ve made it to “99, not out!” and with just 1 episode to go before the big 1-0-0, we’re back to provide you with another Q&A Session. In today’s episode, Bryce and Ben give advice on whether to sell your home, tips for investing later on in life, what to do when your property portfolio is falling into a downward spiral, and more. Today’s questions are from the following listeners:

 

  • Fernando on whether or not to sell his home: My wife and I moved from SYD to MELB four years ago without not even knowing where its north was. We rented an apartment in the beautiful East Melbourne for a year as we wanted to enjoy this beautiful city life style but also knowing that we needed to buy a property after that time so we were not building someone else’s future. So we bought “with our hearts” a 3 beds, 2 bath, studio + man cave OLD house out in Donvale with the “vision” of slowly renovate it while starting a family, be surrounded by green, live the Australian dream and on top of that, generate a good growth on the property in a medium term. We love the area BUT… Now, after 2 kids, our cash flow is quite dry and we need to do something about it (classic isn’t it).

Our first bet is to sell as Donvale is not a good suburb from a rent perspective (Yield), put whatever money we can make from the sell – We bought at 520K, the median is 650K and we’ve been slowly renovating a few things, but again, without enough cash to finish it, we are not expecting making a huge profit – into an investment property and then became “Rentvestors”, we wouldn’t mind to sacrifice moving out to a suburb where rent is half what our current mortgage is. In our raw calculations, in 3 – 5 years we could be saving enough to buy the second investment property.

I believe the best things Australia has to offer are for free (parks, security, culture, etc.), so for now, not living in the suburb we’d prefer is not such a big deal when thinking on our medium-long term goals which are given to our kids the best that we possible can and start a passive income strategy for our future ASAP. On the other hand, if we keep the property, we’d need to put a considerable amount of cash on top of the rent in order to pay the mortgage, so our savings wouldn’t be enough to think in buying a good investment property any soon. We will regret not keeping this property… I can guarantee you that but we don’t see any other immediate solution.

  • Monique on whether or not to sell her home: Taken your advice, but what now? Given the projected apartment oversupply, should we sell our inner suburbs 1bdr flat to put towards our next home? Or is it still a good investment worth holding on to?
  • James on interest only loans:Part 1: 2 years ago my wife and I purchased a property 5km from the Brisbane CBD for $530,000. Unfortunately we only spoke to 1 bank, didn’t seek advice and fixed the whole loan for 3 years at 5.05% so have no offset and no way of paying more off the loan than prescribed fortnightly payment amount. After listening to your podcasts and just starting to read your book just this week, we have since found a decent mortgage broker and are considering refinancing and setting up the money smarts structure. We are considering an interest only loan, as discussed in your podcast, to give us the flexibility to purchase another property over the next 2-3 years, but currently we are getting conflicting advice from our financial planner who is against interest only and our mortgage broker who is telling us ‘cash is king’ in your offset account and we should consider it. The idea is to pay the same amount as we are paying now with our P&I loan but go onto interest only 100% variable (4.3% int rate) and let the cash stack up in the offset. What are your thoughts on this?
  • Ronie on investing late in life: Hi Guys, Loving the podcasts. Only started a month ago and am devouring them. Ben, I don’t know if you’ve been told this before, but when I’m listening to you, I can’t help but associate your voice to radio celeb Fitzy. Anyway, my question is, how to start in the property investment after 40. We are self employed, and although have a few savings, is not near enough the 20% asked for a deposit. We don’t even have our own house. Should we work towards that first? Thank you guys!
  • Lyell on the next steps to take in fixing his property portfolio: : I bought my first property at 22 in Kalgoorlie WA. I know i know, mining towns are dangerous. We bought that property is 2010 and have see no capital growth what so ever. Property was bought in 2005 for $197k and we purchased it for $340k in 2010. Not a bad profit for the previous owners. As soon as we bought it, growth stopped. We are however getting 7% gross yield (leased at $460pw). We then bought a house on a big block in Ballajura in the north eastern suburbs of Perth. We bought that for $450k in 2014. Unfortunately that house has dropped by around 7%. We now love in this home. But we leased it at $435pw. We are now at 90% LVR. Both properties are 3 x 2’s with the Perth property on 760sqm. This house was bought for $128K in 1998 prior to us. Very disheartening for a young couple. Could i get a rough idea on what you would do in the situation (in a completely general sense)?
    Also, could you guys discuss ways to get yourselves out of sticky situations like this? I think a lot of people will be feeling this kind of pinch right now (especially WA).

 

 

 

If you like this Q&A episode (Tips For Investing Late In Life, Selling Your Home, Fixing A Downward Portfolio Spiral and more), 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/

Episode 096 | Building a Positively Geared Property Portfolio – Chat with Prue Muirhead, Property Investor of The Year (2010)

Joining us on our first online recording today is Prue Muirhead! Prue is the co-founder of Muirhead Property Management, the 2010 Property Investor of the Year, teaches property investment and property management at TAFE Adelaide and an active investor with 18 positively geared properties under her belt. So in today’s episode, Bryce and Ben will be chatting with her about how she build her positively geared property portfolio and:

  • Her journey as a sophisticated property investor, the hurdles she faced along the way and how she overcame that
  • Understanding different risk profiles and property investing risks when building a portfolio
  • The lending challenges faced by a self-employed and how she used the equity in her current home to build up her portfolio
  • What’s her investment strategy and her definition of manufactured property growth
  • The importance of continuous learning, research and taking initiatives to an active investor
  • Self-management versus using a property manager
  • Potential for upgrades and renovations from a property manager perspective
  • The mindset and preparations required for property developments
  • Mistakes made along the way and her top tips for other property investors

 

If you like this podcast: “Building a Positively Geared Property Portfolio – Chat with Prue Muirhead, Property Investor of The Year (2010)”, 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/.

 

 

 

Bonusisode – A Boxing Day Chat Between The Property Couch and Smart Property Investment Show

SURPRISE! On this Boxing Day, we are having a joint podcast with Phil Tarrant from Smart Property Investment Show! Phil joined us back in Episode 52 talking about his journey as a property investor but in this Bonusisode (Bonus Episode), the focus will be on investing in property in 2017! Ben and Phil will be chatting about:

  • The health of the Australian Property Market in 2017
  • Understanding the different market cycles and how economic activities and infrastructure development may change the market’s trajection
  • How to filter out all the noise regarding property investing and look at hard facts when making an investment decision
  • The prospects and returns from investing in apartments and city fringe location
  • What are their thoughts on the lenders’ out-of-cycle rate rise
  • What are the criteria lenders are looking for in an ideal borrower
  • The importance of borderless investing and buying counter cyclical when building out your portfolio

 

If you like this podcast: “Bonusisode – A Boxing Day Chat Between The Property Couch and Smart Property Investment Show”, 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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