The Property Couch, Author at The Property Couch

Bonusisode with Julia – The Top 5 Tax Rules Every Property Investor Must Understand

By The Property Couch October 26, 2021 in Free Resources, Podcast

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Hi folks, before you tune in to this episode, download the free report here: https://thepropertycouch.com.au/tax

Julia referred to a table in the episode that might be hard for you to visualise in an audio format so we’ve curated a free report to include the graph as well as other useful references. 😉

——

You can’t avoid it, so you might as well learn to understand it.

Better still, the more you know about it, the more you can ‘work’ with it, instead of working against it.

What are we talking about? Tax.

As Ben mentioned in last week’s episode (361 | When Is It Too Late To Get Into Property?), here’s the bonusisode he did with Julia!

Getting the right tax advice can result in vastly improved financial windfalls vs. getting little or no advice can see you paying more tax than you deserve or one could argue is even fair.

Introducing our new Property Tax education series – “Talking Property Tax with Julia Hartman”

In our opening series titled ‘The Top 5 Tax Planning Rules Every Property Investor Must Understand’ we talk about tax rules that have serious downside risk or upside benefits if you know more about them.

Tune in to this episode to learn more!

p.s. And don’t forget to download the free report here! 👉 https://thepropertycouch.com.au/tax

Episode 361 | When Is It Too Late To Get Into Property?

By The Property Couch October 21, 2021 in Podcast, Q&A

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Have you left it too late?

Has the market moved?

Are you too old to start?

With the media hyping on about how hot the property market is these days, we get that some of you might be feeling a little anxious (even frustrated!). Everywhere you go, you’d probably hear people saying, “The prices are crazy these days!”

And yes, they might be right.

So… If you’re worried that it might be a bit too late to start investing in property, then today’s episode is perfect for you.

And the best part is…

There are quite a few calculations today too!

Better get a pen and paper on standby or just reduce the playback speed on some parts 😉

Oh! Before we go ahead with the questions, just a bit of a teaser… Make sure you stay till the end cause Bryce and Ben will be sharing their early prediction on how this year’s property market will end and where will next year’s market go on the “What’s Making Property News” segment!

Free Stuff Mentioned

Summer Series is around the corner and we’d like to hear from you! If you’ve gone through (or even going through) a financial transformation journey, let us know. We’d love to listen to your story! Simply fill in the form below or go to thepropertycouch.com.au/mystory
We are also looking for a talented copywriter/storyteller to join our team! If you’re interested, learn more here: https://www.seek.com.au/job/54189273
(Podcast Series) The Armchair Guide to Property Investing! Listen on Apple or Listen on Spotify
(Free Book) The Armchair Guide to Property Investing – Get a copy here

The Questions We Answer

Question from Luke about Having a $700k Mortgage in Late 40s

My wife and I are at a crossroads.
We never thought owning a home was worth it until now…and I reckon we’ve missed the boat…
For years my wife and I deliberated over buying a home. We travelled for work in our 20’s so renting was easier while we were on the go… by the time we settled down to have kids one income made it almost impossible to save for a deposit.
Fast forward 15 years and we’re 46 with 2 teenage kids and still renting…
We have around $260k in super between us plus $80k in savings. We’re sick of seeing that $3k rent money disappear from our banks each month and we are scared of renting as we age further so is it worth having a $700k mortgage at our age? And if not, what is the best way for us to secure our future?

Recommended episodes for Luke

Question from John about Selling Shares to Put in an Offset Account

Hi Bryce and Ben.
Love the podcasts and I’ve been a keen listener for a couple of years now.
I’ve learnt a lot from you guys and have recently just bought my first investment property. I also have a small amount of shares invested in the market which I’ve made capital gains on.
My question is – is there any benefit, tax or otherwise, in selling my shares and putting the money in my offset account?
For example, can I reduce my capital gains tax on my shares by moving that asset into the offset account?
P.S GO GWS!

Recommended episodes for John

Question from Renee about When to Buy a PPOR?

Hey guys, I have recently found your podcast and am grateful for the wealth of knowledge you provide.
So firstly, thank you!
I have a potential podcast question. The penny has just dropped regarding what you said about obtaining negatively geared investment properties with an aim for capital growth early on, then leaning towards neutral and cash flow positive properties later on.
My question is, strategically when does buying a PPOR fit into that scheme? Should you invest, sell, buy PPOR then invest with the equity? Particularly in south Sydney where anything 3 bedroom is at least $1.5 million.
I thought some personal context might be helpful.
I’m 25 and have an apartment in south Sydney that I’m currently living in but could be an investment long term. I have a stable income about $115k that will go up to about $150k by the end of next year which is when I will hopefully buy an investment property.
Obviously holding on to both properties would be the goal but I’m struggling to see how I could buy a PPOR by 6 or 7 years time without having to sell both.
Thank you in advance!

Recommended episodes for Renee:

Question from Peter about Get a Loan with high interest vs. not buying?

Hi Bryce and Ben,
Love your podcasts. Want to ask quick question in regarding real estate investing.
I have reached my borrow capacity but can do low doc loans, would you think it better to get a loan with a bit higher interest than not buying property?

Recommended episodes for Peter:

Episode 360 | The XYZ of Property Pricing: Getting The Rules of Engagement Right

By The Property Couch October 14, 2021 in Podcast, Q&A

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Imagine this…

You found your ideal property in the perfect location. You’ve inspected it, you know exactly what the purchase price is going to be AND you’re pre-approved for that budget. You’ve spoken to the selling agent and is crystal clear with the vendor’s motivation. You negotiated some terms and put your best offer forward and BAM!! it got accepted right away. Happy days!

Unfortunately, it’s probably NOT going to happen in the current market.

When it comes to property prices, getting it exactly right would be perfect for buyers. But in a hot market, it’s very very hard for most buyers to nail it right away. Unless of course you’ve got a lot of spare time in your hand or you’ve engaged a professional to help you out. In today’s episode, we will share the XYZ of property pricing that our own buyer’s agent team are practicing and some of the tips that you can implement right away to get as close to the selling price as possible.

But… are you wondering if it’ll work in the current market and with all these new ways of transacting?

On top of that, with lockdown restrictions, how are you going to inspect properties and if you can’t, should you buy sight unseen?

That’s exactly what we are going to unpack today.

PLUS Bryce and Ben will also be addressing the big old Fixed Rate vs Variable Rate question. With the impending lending requirement changes (check it out in Ben’s RBA update), it’s probably best that you get your loan questions answered sooner rather than later!

Tune in now for the gold!

Q’s we answer further below 👇

Free Stuff Mentioned

Summer Series is around the corner and we’d like to hear from you! If you’ve gone through (or even going through) a financial transformation journey, let us know. We’d love to listen to your story! Simply fill in the form below or go to thepropertycouch.com.au/mystory
We are also looking for a few talented individuals to join our team! From a Journalist/Copywriter to an Associate Property Investment Advisor and more. If you’re interested, head to our Career Page here to learn more.

Name*
First Last
Nickname
(What would you like to be known on the podcast?)
Email*
Best contact no.
A quick summary on your Money Story!
A quick summary on your Money Story!
Don't spill all the beans! 😉
And finally, have you implemented the Money S.M.A.R.T.S?
Have you used our Money S.M.A.R.T.S System?
- No, not yet
- Yes, but it isn't working for me
- Yes and loving it!
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Phone
This field is for validation purposes and should be left unchanged.

The Questions We Answer

Question from Mark about Buying in Covid Lockdowns

I’m currently looking for a home in Melbourne to live in.
Over the last month because of COVID you haven’t been able to inspect any properties however in the last month there’s been about four properties in the same suburb that have sold sight unseen for about $50 to $100,000 above asking price.
Is there any way you can explain this behaviour and give me any advice on how to could compete against these people.

Recommended episodes for Mark:

Question from Tracey about Best Questions to ask a Real Estate Agent

Hi Property Couch Team!
Thanks for the podcasts it’s really driven myself and hubby and has given us the confidence to buy investment property, so much now that we’re looking to buy a second one and this one I’m looking at the Gold Coast.
My question is I have a good handful of properties that I’m looking and interested in but they’re nearly all at auction and I live in northern New South Wales.
When contacting a real estate what are the the first best questions to ask when you can’t go to view the property and you wanna see if it’s in your price range.

Recommended episode for Tracey:

Question about Interest Rates – Fixing Your Loan before buying an IP

Hi guys, first of all thanks for the great podcasts. I’ve been listening for a little while and super inspired with all the informative information.
Just a quick question about interest rates and whether or not I should lock in an interest rate before planning to buy an investment property.
So I’m about to buy an investment property within three months. What are your thoughts on locking in a fixed interest rate today rather than waiting for three months?

Related episodes:

Question from Rhys about Buying Off the Plan and Co-Living Spaces

Good day Bryce and Benji, Rhys here I just want to ask two questions if that’s OK?
First question relates to property advisors/buyers agents. The guy who I’ve been recommended by a friend I’m a bit skeptical of because he doesn’t charge outright and so he takes Commission from the sale of properties and these properties tend to be building like off the plan from developers or builders.
Second question relates to this, he’s really big on co-living spaces, you know for young professionals or whatever, who are seeking out shared living space just because of the rental yield.
I’d love to hear your thoughts on this. I love your show guys thanks for that

Related episodes:

What’s Your Money Story Like?

By The Property Couch October 8, 2021 in Free Resources

We get it… Talking about money can be quite awkward. We felt it when we open up on our story in Episode 197!

But it’s good! Because then we can understand ourselves better and would be able to learn more from each other as well.

So, would you like to be on our Summer Series Podcast?

We’d love to listen to your story and your own tips and tricks in money management! And as promised, we will be very gentle. And if you have a specific question in mind, we want to hear it directly from you too!
Just fill in the form below and we’ll get in touch right away. 😉

Name*
First Last
Nickname
(What would you like to be known on the podcast?)
Email*
Best contact no.
A quick summary on your Money Story!
A quick summary on your Money Story!
Don't spill all the beans! 😉
And finally, have you implemented the Money S.M.A.R.T.S?
Have you used our Money S.M.A.R.T.S System?
- No, not yet
- Yes, but it isn't working for me
- Yes and loving it!
CAPTCHA
Phone
This field is for validation purposes and should be left unchanged.

Episode 359 | Locked Down & Locked Out: Buying Property In A Shutdown State! – Chat with Leah Calnan

By The Property Couch October 7, 2021 in Podcast, Real Estate Agent

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Is property sliding under the pressure of continual lockdowns?!

Folks, it’s no surprise that Victoria’s extended lockdowns (and indeed lockdowns happening right across the country) are having unintended consequences to property buyers, sellers AND renters.

With Melbourne spending more days in lockdown than ANYWHERE else in the world, it begs the question: How can you buy property in a Shutdown State?!

Here to unpack all this, as well as the Winners & Losers of legislation changes, is returning guest Leah Calnan, President of Real Estate Institute of Victoria (REIV). Leah has served as REIV President since October 2019 and during this time has seen SIGNIFICANT disruptions and changes to the Victorian property market and Tenancy Act. She has over 24 years’ experience in property management, is the sole Director of Metro Property Management and, of course, is considered one of the industry’s most dedicated, accomplished and senior Property Management practitioners in the country.

Leah is about to give you a behind the scenes look at the stark reality of a property market Locked Down & Locked Out, including the tangible impact this has on property investors, in conjunction with the “VCAT Mess” that’s currently unfolding here in Victoria.

So, is it all doom and gloom? Is it simply Too Much For Too Long for Victorian investors? Is “The Great VIC Exit” fast-approaching?!

Listen now to learn How To Buy Property in a Shutdown State & stay informed of the impact current lockdowns are having on the broader property market.

Free Stuff Mentioned

Here’s What We Cover…

02:13 – FYI: The dark spot on Ben’s forehead…
04:46 – What do you think about this Mindset Minute?!
06:50 – Meet Leah.
07:32 – The Controversial Question we just had to ask!
10:09 – Leah’s first property & money management story…
16:08 – Money Advice for teenagers!
17:14 – Some of the ‘highlights’ as REIV President…
19:15 – Winners & Losers: Legislation Changes!
20:01 – Will these Unintended Consequences further drive investors out of Vic?
21:43 – Which legislation would Leah most like to repeal?!
23:33 – The VCAT MESS!!
26:16 – Have landlords cracked down on the type of tenant they get?
27:42 – Has the legislation change lead to longer first term tenancies?
29:00 – Locked Down & Locked Out!
31:13 – One of the biggest challenges with Victorian lockdowns…
34:09 – What HAS opened up again for buyers?
38:32 – How agents keep potential buyers safe…
40:16 – Can you inspect properties in regional Vic if you live in Melbourne?
42:12 – Is there a “Super Saturday” coming between now and Christmas?
45:53 – The Best Property Management Tips!
48:30 – Why You Should NOT Self-Manage Your Property!
53:28 – How to measure your wealth!
55:25 – What’s Making Property News!?!
55:38 The Scalpel Has Landed: Macroprudential Change Is HERE!

RBA October 2021: Lending Standards To Change?

By The Property Couch October 5, 2021 in Podcast, RBA Announcement

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Cash Rate JUST Announced 👉 by the RBA!!

And there’s a very important message behind it:

💥💥 💥 Should we be preparing ourselves for the introduction of possible Macroprudential Regulatory Changes in the not-too-distant future?!

And if so, what are the tweaks to lending policies going to look like, and how might they affect property investors???

Watch now to find out & get the latest on the RBA’s October Cash Rate:

Plus, Ben also includes his latest news and commentary on…

The Global Economic Impact of COVID 19 and the Vaccination story
How are the world’s biggest economies faring?
RBA’s announcement and stand on Australia’s property price and affordability story
Will we be able to avoid another macroprudential regulatory change?!
How’s the unemployment story going with the Delta outbreak and half of the country in lockdown?
Property Prices – What trend are seeing between houses and units in each state?

Additional free resources:

If you’re looking to buy at the moment, make sure to check out our Mini-Series!

🔥 Episode 325 | The Step-By-Step Process To Win In A HOT Property Market – Part 1

🔥 Episode 326 | How To Win In A HOT Property Market (Part 2) – The Step-By-Step Process!

🔥 Episode 327 | Winning A HOT Property Market (Part 3) – The Step-By-Step Process!

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

Episode 358 | Too Much Risk? Australian Property & Economic Update – Chat with Nerida Conisbee

By The Property Couch September 30, 2021 in Podcast, Real Estate Agent

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Breaking news just in on the property & economic front, folks!

There’s clearly quite a bit going on with the health crisis, soaring property market and… just announced this week… an indication that a tightening of lending might be coming sooner than we think!

Despite price growth in the current market being led primarily by owner-occupiers, the risks around rising household debt may mean that APRA and the financial regulators will step in to prevent the build-up of future risks to the broader economy…

The question is: If they’re going to pull the handbrake, What Would This Look Like and WHEN Would It Happen?

Here to unpack all this, as well as the latest Australian Property & Economic Update is our good friend Nerida Conisbee, Chief Economist at Ray White.

Now, if you’ve heard Nerida’s data-driven insights and wisdom on the show before, you might’ve noticed she’s had a little change in title from Chief Economist at the REA Group… And if you haven’t heard from her before (you’re in for a real treat!) or simply need a refresher: Nerida is a highly regarded economist, with a specific expertise in residential and commercial property. She is currently the MOST quoted property commentator in Australia, the third most quoted economist and a sought-after public speaker, writer and columnist with more than 20 years of property research experience throughout Asia Specific.

So, if you want a PRECISE update on property and economic news here in Australia (and where it’s looking to go from here), then please listen now to get the gold & stay informed.

Free Stuff Mentioned

Here’s What We Cover…

00:40 – Block your ears non-AFL fans 😉
03:28 – Try this word instead.
05:24 – Meet Nerida…
06:04 – The change & data leak
07:36 – Never Before Revealed: Nerida’s Money Backstory!!
10:46 – Does she carry this through with her own family?
13:24 – Nerida’s property story
14:33 – The current economy – What’s going on?!
16:27 – What will likely unfold in the December quarter?
16:57 – What picks up when we come out of lockdown?
17:12 – The Big Challenge: Iron Ore Prices
17:49 – Where will this show up most in the Aus economy?
18:48 – What might happen if we see higher hospital rates?
21:25 – Australia’s Economy – What might happen?
22:38 – The Lack of Migration: How Problematic Is It?
23:39 – The Hot Topic: INFLATION
26:00 – Too Much Risk!?!
26:18 – A Trillion Dollars In Debt: Australia’s Debt Hole
26:47 – How are we going to pay that debt back?
28:15 – Property Update!
29:45 – Breaking News: Josh Frydenberg’s Announcement!
30:08 – Household Debt — Where is it currently at?
31:25 – What does Nerida see happening with the regulations?
35:54 – How do you stop people taking on too much debt?
38:30 – What’s happening with First Home Buyers?
41:46 – What you need to know about immigration
45:04 – The Luxury Market: How is it performing?
46:34 – Listing Volumes – What’s happening now?
49:00 – The Future of Commercial Property in CBDs
52:14 – Unemployment Numbers: The Risk Factors
55:21 – How to NOT save $250! (interesting way to look at things…)
56:28 – Pain & Gain: New Data From CoreLogic

Episode 357 | How To Master Relationships With Real Estate Agents – Chat with Todd Sloan

By The Property Couch September 23, 2021 in Podcast, Real Estate Agent

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Have you ever wondered what to say to a real estate agent to INCREASE your likelihood of being the winning buyer?

If you want to know how to get a real estate agent on your side and navigate the delicate dance between buyer and seller, then this is an episode you don’t wanna miss, folks!

Today we are interviewing Todd Sloan, an award-winning real estate sales agent and professional renovator who has been involved in more transactions every month than what most folks see in a life time. He is the host of Pizza & Property podcast, the author of Australia’s Home Buying Guide – How to buy a property faster and for less.

And Todd is about to reveal how you can master relationships with a real estate agent so you are front of mind (without giving away all your cards) and much more likely to secure the property!

You’ll get plenty of practical tips like What to say and What NEVER to say and, ultimately, an insider framework to get a return on relationship and seal the deal.

Plus, Todd also has a unique and useful perspective on selling investment properties and renovating them for profit, which could be up your alley if you’re interested in manufacturing equity and active investing.

So, are you in?

Listen now to get the gold on how to master your relationships with real estate agents!

Free Stuff Mentioned

PICA webinar with Jane Slack-Smith – “Tips From A Reno Expert”
Todd’s Book: Australia’s Home Buying Guide
Set up Money SMARTS for Free today: https://thepropertycouch.com.au/financialpeace
Get the free user manual to Money SMARTS >>
CoreLogic Report – Housing turnover reaches the highest level in nearly 12 years

Here’s What We Cover…

00:41 – The last weekend in September…
02:42 – New PICA Webinar Announced!
03:52 – Do you agree with this Mindset Minute?!
05:45 – Meet Todd…
08:10 – Learning To Save vs Learning To Invest
09:34 – The Big Inhibitors of Investing in Property
10:08 – Todd’s first investment property….
10:30 – What made him realise it wasn’t the best investment?
11:38 – The Accident That Changed Everything!
12:50 – But then… The BIG Turning Point!
13:40 – The $62,000 House…
14:46 – The First Renovation Project
16:32 – Investing in regional at a much lower price point
21:20 – How to safeguard yourself from “What if I don’t know what I’m doing?!”
23:18 – The pivot to being a real estate agent!
24:55 – WHY should investors care about building relationships with real estate agents?
27:09 – What buyers need to do in a hot seller’s market!
28:37 – What’s a real estate agent always looking for?
29:43 – Always Remember THIS!!!!!!!!
30:05 – The best practical tip to master a relationship!
31:30 – Why Buying Property Is NOT A Ride….
32:34 – How real estate agents get paid
33:18 – Make It Easy To Be ___!
34:05 – HOW can you quickly build genuine rapport?!
38:38 – What should you say to a real estate agent?
40:15 – HOT TIP: How can you show your interest WITHOUT giving away all your cards!?!
43:15 – What to do if you’re dealing with a volume agent…
47:17 – Find The __ ___!!!
48:28 – Renovation tips from Todd!
50:13 – Should you be a borderless investor
55:00 – The four-letter F word!
56:04 – Life Hack: What to do with your bonus!

And…

59:45 – WMPN: The transactional numbers!

Episode 356 | Secrets Behind A $250M Net Worth – How This Investor Did It! Chat with Fred Schebesta

By The Property Couch September 16, 2021 in Podcast

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Meet one of the richest Australians under 40… and learn how he built a net worth of around $250 million!

Folks, today we have a very special interview with Fred Schebesta — the co-founder and CEO of the comparison website Finder, which is one of the world’s biggest comparison websites and money apps that helps users compare products across 105 categories, from car insurance to cruises.

And Fred, who went from working in a Pizza Hut call centre as a university student to running a business that employs 450 staff in 80 countries, has some Radical Rules on Money, Investing, Cryptocurrency (… any bitcoin fans, out there?!), Property, Stocks and Business that will make you look at things a WHOLE Lot Differently!!!

You’re about to get the behind-the-scenes secrets of someone who has experienced HYPER success when it comes to wealth creation… but what we’re super keen for you to hear is the MINDSET it took to create such an impressive net worth in the first place — including what it means to “Reframe Mistakes”, focus on “Concentrated Investments” and go against the grain to carve your own Lifestyle Design.

Fred is also the author of Go Live! 10 Principles to Launch a Global Empire and while we do indeed cover his epic journey as an entrepreneur (…just wait ‘til you hear it!), there is plenty of gold in there for everyday investors at ANY stage of their journey.

Psst… Oh, and yeah… while we might not ALL be able to invest in a spaceship-like Fred (yep!), we will say this:

… This is a VERY rare opportunity to learn from someone at the top of their game… and from someone who has achieved significant success.

Tune in now to get the secrets behind a $250M Net Worth… you won’t forget this one!

Free Stuff Mentioned

Fred’s Book – GoLive! 10 Principles to Launch a Global Empire
Fred’s Property – South Coogee ‘Castle; For $16.85M
PICA Webinar – Become A Member for $5

Here’s What We Cover…

04:38 – Meet Fred!
05:22 – What was money like for Fred growing up?
05:58 – What does he invest in?
08:49 – How does Fred teach his kids about money? (… wow, skills for life!)
09:31 – Fred’s Radical Rules Around Money!
12:56 – Fred’s 2 Biggest Keys to Wealth Success…!
13:38 – SLAPPED By Google…. what the!?!
16:43 – Growth Mindset vs Upbringing
20:35 – Making Money While You Sleep: How’d It Start?
22:48 – Such A High Net Worth… how does that actually feel??
25:59 – The Mindset Behind A $250M Net Worth!
26:25 – Why CONCENTRATED Investments?
28:35 – When You Lose $150,000…
28:58 – How To Reframe Mistakes!
30:30 – What Warren Buffett Asked Bill Gates…
32:04 – Investing In Bitcoin Mining Companies
34:27 – When You’re Looking To Buy Spaceships…. (!)
35:26 – Where Does PROPERTY Sit In Fred’s Thinking?!
39:41 – Buying Property Now & Inflation…
39:38 – Fred’s Mum & Property Investing
41:57 – Investing In Bitcoin!
44:29 – Who Runs Bitcoin?
47:29 – The New Financial System: Will It Overtake The Old One?
49:20 – The First Critical Step To A Winning Investor Mindset
52:13 – Why you should be a Continuous Student of Life!
52:53 – How to create a life you don’t want to escape from
53:41 – What’s the vision that drives Fred BEYOND money?
57:05 – Fred’s final message for you… (LOL)
59:30 – How to stack the odds in your favour 😊

And…

1:00:45 – A Home School Hack For Your Kids!!
1:03:27 – What’s Making Property News??

Episode 355 | Zero Debt & $2,000 A Week In The Bank: HOW?!

By The Property Couch September 9, 2021 in Podcast

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How can property investors reach zero debt AND still hit a four-figure passive income each week?
And what do we mean when we say “retire” the debt, anyway? What does this look like and, importantly, WHEN should you start this process?

Folks, in today’s special Q&A episode we’re circling back to a few basic principles and fleshing out some confusion when it comes to property investing. This includes clearing air (and tidying up our language!) when it comes to being informed of the step-by-step investing process.

For one – you’ve no doubt heard us talk about achieving $2,000 in passive income… well, WHERE exactly does this money come from? Is it just your rental income?

As part of this we’ll also be covering “Failure to Launch” principles and “Investment Remorse” – the latter, which may actually be a more common feeling than you think! So what should you consider if you find yourself second guessing your asset selection?

PLUS, because we’re officially in Spring – this episode comes with a WARNING about this year’s “Spring Selling Season”… ‘cos there’s a critical shift taking place ALL home buyers need to be aware of.

Suss the exact questions we answer below – or, better yet, simply hit play and get the gold now 😊

Free Stuff Mentioned

The Questions We Answer

Question from Stevo on “Post Purchase Restlessness”
Hi guys 12 months after purchasing an investment property, I’m starting to get this feeling that it might not of been a great purchase and also restlessness about wanting to “go again” and am worried the growth might not be quick enough compared to capital cities. I say that based on an old episode where you mentioned something about the limitations or a price ceiling in certain areas based on the demographics.

Obviously being a regional property, which doesn’t have the same wage potential as capital cities, am I exposed to the idea that the growth has happened and it won’t come again?
The property is available via this link. It’s shown growth over the past 20 years in capital and rental return.

For reference the idea of “inner city” living (albeit in Mildura) has exploded recently and is the driver of the growth over the past five years. The council and state govt have invested to upgrade the riverfront (very close to the CBD) and has completed stage one. Stage two has started to attract funding and small upgrades/extensions have started. Data suggest Mildura will continue to grow in population albeit slower than Geelong and Bendigo for example, however, it is still positive growth compared to other regional towns this distance from capital cities (which are often stagnate or negative). Major industries – agriculture and tourism, health, Govt. Sorry for the long-winded question and info.

Also, is this a normal feeling people get (delayed remorse)?

Question from Ebony on “When is the best time to sell your investments?
Hello, I have a question around when is the best time to sell your investments? My husband and I are mid 30s and have two investment properties. Right now, in our town the property market is a sellers’ market and prices are crazy. Our accountant has recommended that we should seek advice from a financial advisor and possibly sell both investments because they are positively geared and that we would be better off building a new home as an investment or investing elsewhere. I am really unsure about this because I think that we already have 2 great investments, and we would be potentially paying more down the track for land should the market stay the same. However, we have had one property for 2 years and the other for 1 year and could look at earning $100K off the sale of each investment. I guess it’s hard to know if the market will stay at these prices or crash when interest rates rise. Really after some advice from someone who is knowledgeable about property investments. Thank you.

Question from Paul on Retiring Debt
Can you elaborate on what you mean when you talk about retiring your debt? I’m confused by what you mean by this.

Question from Chris on “$2,000 per week in passive income”
Hi Ben and Bryce, Love your work. 👍 I’m not sure if you’ve mentioned it before, and you probably have, but I would like to know where the $2,000 a week comes from? Is it pure rental income (taxed) above expenses for the portfolio or is it accessing equity against capital growth (is this now defunct with new lending criteria?) or is it a combination of both? Thanks in advance. This is a major thought blocking me from moving forward. 👍

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