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016 (Part 2) | The 5 Essential Steps to Property Investing in Australia

Aaand we’re back at it folks!!   

Our first double part episode…ALL IN THE SPACE OF ONE WEEK!  

Yep. That’s how important we believe these two lessons are!!  

So today we’re finishing our “5 Essential Steps to Property Investing in Australia” framework (Of course, if you haven’t already listened to the first part, tune in here) covering the last TWO steps of the process:  

4. Implement (The researching and buying – often what too many people do FIRST in the framework)  

5. Manage (The checking and monitoring of the property each year)  

Ep 16 The Property Couch - 5 Essential Steps to Property Investing in Australia Part 2

Combined, these 5 steps will guide you to effectively and successfully plan and achieve your life goals!  

 AND (in the wise words of Bryce) if you’d like to turn your dream into a goal, our business – Empower Wealth – offers tailored Property Wealth Planning strategies based on YOUR financial and life goals.   

We discuss how these plans work and why they’re important… 

Plus we define the 2 key metrics that Empower Wealth uses to create these insanely accurate financial plans!  

(Did we mention these advanced calculations have been designed by Ben himself??)  

If you’re interested in getting us to help you out with your property journey, check us out here!  

There’s so much gold in this framework finale episode, tune in now folks!  

 

Free Stuff Mentioned:  

  • Ep 3: Cash Flow Management
  • Ep 4: Borrowing Power
  • Ep 5: Asset Selection
  • Ep 6: Defence
  • Episode 016 | (Part 1) The 5 Essential Steps to Property Investing in Australia
  • Check our Empower Wealth’s Property Portfolio Plan
  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics!
  • Here’s what it looks like inside!!

    What to expect in this 90-pages long Cheatsheet? 

    • The Foundational Knowledge in each of the First 20 Episodes
    • The Absolute GOLD that you should not miss out on!
    • Short snippets of quotes from Bryce and Ben that makes all the difference
    • Links to all the Free Resources that they mention in those episodes
    • Additional bonuses that will help you in understanding the Fundamentals more!
    • And of course… Charts and graphs that you can’t find on the podcast!

     

    Interested? Fill in the form below and we’ll email it to you right away.


    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 0:40 – It’s all strategy and tactics folks… 
  • 1:01 – How can you develop the best investment strategy for you? (And how we can help you!)  
  • 2:48 – The footy equivalent of what we’re teaching  
  • 3:41 – Plan to become, what you plan to become! 
  • 5:39 – What you need to factor into your plans… 
  • 6:38 – This part’s for those folks who want to do their own plan! (How we do it)  
  • 7:50 – Why Ben created Empower Wealth’s simulation software  
  • 9:39 – The #1st Key Metric in Ben’s software 
  • 10:26 – The #2nd Key Metric in Ben’s software (And why it’s so important!)  
  • 12:34 – Step 4 in our framework  
  • 15:50 – Step 5! (What often happens without a plan…)  
  • 17:38 – What happens when you DO have a plan!  
  • 18:18 – Great property investments only require HOW much time?!  
  • 20:31 – We’ve done a…webinar?! Plus a bonus you can get!  

 

How To Spot A Property Spruiker?

 

The issue about Property Spruikers is not a new one but a lot of investors out there are still unaware about it and as a result, receiving bad property investment advice. With this in mind, Bryce started this How to Session by defining what is a spruiker and describe some of the common ways to spot one. Here’s a snippet of the video:

I’ve been in this Property Investment industry for over 16 years and I’m often asked this question, “How do you actually spot a Property Spruiker?”. Lots of people talk about property spruikers but what actually is it? In my view, there’s actually three, I guess, people that you can take your information from in this property investment industry. The first person is the Salesperson who is not pretending to be anything other than a salesperson that’s being employed by the developer to sell their product. They sit typically in the sales office, they invite enquiry and they try to sell one of the developer’s product whether it is an off the plan apartment or a house and land package, they are very very clear on what they do. On the other side of the equation, you got the advisor. The true property investment advisor who has no stocklist, no agenda, they want to find out exactly what is going on for the investor so they can work out what tailored solution they need to provide on behalf of the property investor. And then you’ve got this grey area in between.

 

Click here to download the Core Logic report data mentioned in the video: Get access now.

 

 

Bryce Holdaway - Quote of the Day - The Property CouchBryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

 

011 | Property Spruikers

We’ve got four words when it comes to property spruikers folks:   

Run for the hills! 🏃🏃 

Today’s topic is something we’re extremely passionate about which is why we’re focusing an entire episode on it!!   

Too often we’ve heard of “sharks in suits” who have no proper training…  

Giving terrible financial advice that can cripple folks’ wealth and make that lifestyle dream, well, a dream.   

In fact – hearing about these people are why we started this podcast in the first place!   

To help you avoid falling into the same situation, today’s episode will define who Property Spruikers are, what they do and why they even exist!   

More importantly, though, we’re covering HOW you can avoid them!   

We’ll be providing you with industry intel so you can also identify the main tactics they use (As you’ll hear with some spruiker “educators”…)   

AND we’ll explain how property advisors will act when they really have your best interests at heart!   

Did you know that Australia’s peak industry body, the Property Investment Professionals of Australia (PIPA) can also help you verify your buyers’ agent if they’re a PIPA member?   

Yep, that’s right folks!   

There are plenty of good tactics that you can use to stay away from the sharks; to find out more just tune in to today’s episode.  

 

Free Stuff Mentioned:  

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which shows you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away! 

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.
  • Watch Ben’s commentary on the recent rate cuts here.
  • Looking for a Qualified Property Investment Advisor? Use the Search Function on PIPA Website here or get in touch with us!
  • Our parent company Empower Wealth is a PIPA Member and all our advisors are QPIAs. You can learn more about our free and no-obligation initial consultation here.

 

Here’s some of the gold we cover…

  • 1:20 – What we’re NOT against… 
  • 2:15 – The problem with Property Spruikers  
  • 4:18 – Our message to beginner investors!  
  • 4:47 – How to get objective property advice  
  • 5:59 – What a true property advisor will do 
  • 6:19 – So, what are Property Spruikers? 
  • 6:36 – The Property Spruiker’s “argument” (and why it doesn’t work!)  
  • 7:43 – A sad real-life example folks 🙁  
  • 8:33 – 1 way to tell you’re dealing with a Property Spruiker 
  • 9:10 – Why do Spruikers exist?  
  • 9:55 – #3 Spruiker tactics!  
  • 11:33 – Beware the “educational” spruikers!  
  • 12:15 – How to verify a legitimate property educator  
  • 13:30 – The miner vs the shovel seller analogy 
  • 14:14 – Spruikers will use rental ______  
  • 15:40 – “There’s no such thing as a free lunch!”  
  • 16:47 – You gotta ask THESE questions  
  • 18:00 – How the Property Investment Professionals of Australia (PIPA) can help you avoid spruikers  
  • 19:35 – What is two-tier marketing?  
  • 21:51 – How to avoid spruikers!  
  • 22:42 – Check out Ben’s commentary on the RBA cash rate!  

 

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