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Episode 232 | Are All Tenants the Same?

Have you ever thought about WHO will be living in your investment property?

Chances are, you have! Because folks… an investment property is pretty useless without a tenant/s in it!! After all, you need these guys to help pay off your mortgage!

So. Are they all the same??

What TYPES of tenants are out there and what can you expect from each one?

Well, here’s the deal… we think there are FOUR tiers of tenants.

Let’s meet them, shall we?

Oh and FYI: Ben’s “Did You Know” is off the charts… we don’t think we’ve ever seen him this prepared in our podcast history — so make sure you stick around for that!!!

Resources mentioned in today’s show:

Here’s what you’re in for…

Loved the episode? You might also like:

Bonusisode – Negative Gearing Policy removed from Labor’s Homepage

Folks, if you haven’t noticed the level of activities that had been happening on our show recently, there were heaps of things going on regarding Labor’s Proposed Negative Gearing policies.

Long story short.. Two weeks ago, Ben as the Chair of Property Investors Council of Australia (PICA), discovered that Labor and the Parliamentary Budgeting Office (PBO) had been using incorrect data in their costing for the proposed Negative Gearing Policy.

Since then, Ben had been speaking to researchers, aggregators, politicians, lenders and real estate agents to find out what’s the actual rate of investors that are buying brand new properties vs existing ones. So far, it’s been found that the proposed Negative gearing savings could be overstated by up to $8 billion. This again highlights the importance of having the right data.

So last week, Ben was on the Money News Show with Ross Greenwood to discuss further about this discovery and he was also invited to the Housing Industry Forum to share his point of view as Chair of PICA.

And it looks like, he’s finally made an impact because now, you couldn’t find much information on the policy on ALP’s website!

We’re very excited that Labor and the PBO are updating their costing with good data now but the work’s not done. It’s important to include subject matter experts like the Master Builders Australia, Housing Industry Association, Real Estate Institute of Australia (REIA), Property Council, Property Investment Professionals of Australia (PIPA), PICA and others to craft this policy together.

Again, as we mentioned before, we’re NOT against Labor.

We are NOT saying that we should leave Negative Gearing unchanged.

We are against the ill-prepared policy here. And if you agree with us, please share this with your network and hopefully, common sense would prevail.

Bonusisode with Ross Greenwood on the Money News!

Yes you’ve heard it right yesterday! Ben was on the Money News with Ross Greenwood!

Folks, if you haven’t tune in to the Money News yet, do yourself a favor and check out their podcast. We tune in to the Money News almost every day and with multiple highlights throughout the day,  it really helps you to stay up to date to what’s happening in Australia and globally.

>> Tune in on iTunes here

 

So, why was Ben on the Money News show?

Well, as the Chair of PICA and also the one who exposed the data that were used for the proposed Negative Gearing policy, Ben was invited to share some of his findings. 

And the team at Money News has generously allowed us access to the audio to share with you guys! What are you waiting for? Tune in now to find out more.

p.s. Don’t miss out the Q&A session at the 8:30 minutes mark as well! 😉

p.p.s Want to listen to Ross’s full episode? Click here.

Episode 217 | Lindsay Olsen – Rentvesting his way to Lifestyle Design on the Gold Coast!

All good things must come to an end folks! And such is true for our Summer Series… because today is the FINAL EPISODE!!!

BUT we’re ending the sunny vibe with a BANG as Couch listener Lindsay Olsen joins us to share how he and his family will retire on $2,000 a week in passive income!

The Surprise?

We are part of Lindsay’s A-Team!

So, if you were one of the folks who told us you were keen to hear from someone we’re helping… Now’s that chance 🙂

Lindsay, 33, a father of a 9-month-old and a husband to Alex, is living proof of what can be achieved with an elite money management system and a Plan in place.

Keen to find out how he has set himself up to retire on $2K per week at the age of 55??

Take a listen!

 

Oh, and before we kick it off —- Just a reminder that Bryce’s brand new episode on Escape From the City AIRS TONIGHT on ABC (Free to Air) at 8 PM!

You can also check out his earlier episodes on ABC iview…. Simply head here.

 

Here’s what you’re about to learn…

 

F.Y.I. The Platform we mentioned today is our Money S.M.A.R.T.S Platform. This is a completely free resource, so if you want to start trapping more surplus TODAY, check it out here.

 

 

Missed earlier episodes in The Summer Series?

Episode 204 |Peter Koulizos – What he’d like to do about Negative Gearing

Episode 205 | Expelled at 15 and 3 properties by 22 – Chat with Jack Henderson

Episode 206 | Nerida Conisbee – What’s Happening Around the Ground in the Australian Property Market?

Episode 207 | Pete Wargent – The Real Story Behind the Charts

Episode 208 | Tom Panos – Making MORE Money While You Sleep in 2019

Episode 209 | Veronica Morgan – From the coalface of the Sydney Property Market

Episode 210 | How to Recover from Making Every Mistake Possible in the Investing Game – Chat with John Hartill

Episode 211 | How to build a portfolio OUTSIDE the capital cities – Chat with Jill Stewart

Episode 212 | Stuart Wemyss – The Common Sense Approach to Superannuation, Royal Commission and Negative Gearing

Episode 213 | Jane Slack-Smith – How to Adjust your Renovation Strategy for 2019?

Episode 214 | Fiona Bengtsson – From Near Bankruptcy to 11 Renovations and counting!

Episode 215 | Jordan Bill – How Money S.M.A.R.T.S. Transformed Their Family’s Life

Episode 216 | Margaret Lomas – Everything You Need To Know To Invest In 2019!

 

P.S. Don’t forget,

DOWNLOAD our Free Binge Guide Here – The First 20 Episodes

This 80-odd page document is the vault containing all the foundational tips and insights you need to be a successful investor.
Want a Free Copy of The Golden Highlights? You can get it here.

 

Quote from today’s episode…

Buy utility, rent luxury.

 

Episode 124 | Q&A – 20 minutes Saved 20 Years of Regret, Investing in Airbnb, Property Spruikers, Buying Cash Flow Only and the Cost of Commission

Alright folks, it’s that time again … you ask, the boys answer!

After receiving a tabletop full of new topics, we’ve taken our que this week behind an anonymously-sent testimonial. Turns out an earlier podcast Why You Shouldn’t Invest in Property saved our listener from being “sold a lemon by a spruiker”! Yep. Unfortunately guys, the property spruikers are still out there, so Bryce & Ben will be answering similar questions on the red flags to look out for, like:

  • How to sniff out the so called “educators” and get your trust back
  • What your next move should be to fix bad property advice
  • How 20 minutes stopped 20 years of regret
  • What the consequences are with ‘fee for service’ and ‘working for commission’
  • Why the right asset selection can flip the spruikers on their heads
  • What the finance in the first two stages of property investing are
  • Why negative gearing is really only a moment in time
  • How long and how many properties do you need in the accumulation phase
  • What ‘buying only for cash flow’ is, and its risks and rewards
  • Investing in regional area and factors to consider
  • How to spot the difference between a genuine property educator vs a spruiker

and (SUPER TOPICAL)

  • Airbnb Investment: Is it worth considering them?

This is a goodie, especially for those who don’t want to feel the sting of bad investing!

(For those who want to know the website Ben talks about, it’s PIPA.)

 

The questions we’ve handpicked are from:

 

Listener Anonymous (as continued from their nightmare situation, which the boys will read out):

… We have about $200,000 of available equity, but we are now not sure what our borrowing power is as our previous broker was also linked to the spruikers and we don’t trust what they’ve told us. In your opinion, what should our next move be? Ideally we’d like to invest in Melbourne or Sydney but are not sure if it’s the right time to get into these markets.

 

Andy:

Can you guys talk about the finance in the first two stages of property investing? How do we go about understanding the numbers eg loans, consolidation and what is involved how everything works with the finance and loans, what to do with the loans from accumulation stages to consideration stages and onwards?

 

Jonathan:

Hi guys. I’ve recently started listening to your podcast and think it’s great. I’ve recently attended a seminar with ‘XYZ’ company, ‘XYZ’ Education they call themselves. Just wanted to know if you had heard anything about them? I understand there are many of these ‘mentors’ out there—those that are ‘fee for service’ and those that work off commission. These guys are the later. Any thoughts, comments would be greatly appreciated. Thanks in advance.

 

Kate:

What do you think about the idea of buying for cash flow only? I live in Adelaide and there are many areas within 60 – 90mins of Adelaide where you can buy quality character properties for less than $250,000. If only earning an average income, and planning to buy and hold for 15 – 20 years, do you think a larger portfolio of properties like this may be less risky than one or two closer to the CBD, which will have substantial holding costs?

 

Eddie Airbnb:

Hi. I am an avid listener to your podcasts and I started listening to them since 2015, but I have stopped for a year. I have recently bought another investment unit and have started listening to them again. I am currently at episode 51 and it is great because I can listen to them nonstop without having to wait for the next one to arrive in my podcast. Great work, I really enjoy your shows.
I have a question regarding Airbnb. I know it is not aligned with your property investing strategy and overall investing mantra. But recently, it has taken the property market by storm and there are many investors who are doing this to become positive cash flow. It is sort of the elephant in the room and there is a lot of talk about it out there, whether it is in high-rise holiday resort, or brick and mortar family homes. People are doing it. I have recently bought an apartment (yes: high rise, high density, tourist destination, lifts and caretaker) and so far I am cash flow positive, after netting all costs including cleaning, rates and body corporate. I only manage the bookings of the apartment and outsource everything to a cleaner who doubles up as my meet-and-greet host. I also have insurances to cover those times when needed, and I do everything above board.
I would like your views on how your look at Airbnb investment as part of an investment strategy—if it is something that you are interested at discussing.
Thanks.
If you like this Q&A episode (A Transitioning Market, Money, Habits, Tax Deductions and What It’s Really Costing You), 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://thepropertycouch.com.au/topics/

Episode 123 | What is Owner-Occupier Appeal and How to Use It When Buying Your Next Investment?

Welcome to Episode 123! We’ve been looking forward to unpacking this one all week!

Guess what? The boys are going to walk you through THE perfect text-book investment property. As in: the very one that ticks ALL the owner-occupier appeal boxes. The one that’s going to land you the biggest capital growth payday!

So from the suburb right down to the shelves to store your stuff … B1 & B2 will explain to you what asset you should definitely be buying.

The golden tips discussed (in detail!) are:

  • What—specifically—is owner-occupier appeal?
  • What are the Three Pillars of Mastery that always create owner-occupier appeal?
  • What do you look for in a suburb?
  • What can a quick google search show you?
  • How do you see the invisible lines showing Buyers’ Agents the best part of a street?
  • Which way should your investment property face? (It matters!)
  • What should be in the garden?
  • What is the perfect textbook floorplan?
  • What do owner-occupiers buy with?
  • What’s the best orientation of the block?
  • How wide should the road in your investment grade suburb be?

This is a true ripper, even if we say so ourselves. You’ll get a lot out of this one!

And as usual, here are the Free Resources mentioned in today’s podcast!

  • Video on RealEstate.com.au |  Your money can make money with compound interest – Watch the video here
  • Knight Frank Research | Global House Price Index Q1 2017 – Read here

 

 

If you like this episode (What is Owner-Occupier Appeal and How to Use It When Buying Your Next Investment?), 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/

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