As mentioned in Episode 101 (6 Critical Foundations Your Wealth Plan Should Be Built On), here’s the How to Video by Bryce.
As mentioned in Episode 101 (6 Critical Foundations Your Wealth Plan Should Be Built On), here’s the How to Video by Bryce.
By The Property Couch in Podcast
Happy Australia Day and thank you to all you who had supported us for the past 99 episodes! It has been an incredible journey, and we are very grateful and amazed at how far we’ve come. This is just the beginning, and we promise you that for the next 100 episodes, we are definitely going bigger and better! With new segments, more case studies, guests interviews and innovative data research platform (spoiler alerts!), all we can say for now is, sit tight and buckle up for the ride. 😉
So to celebrate our 100th episode, we are ‘unpacking’ some of the tips and frameworks that we’ve chat about previously. Below are the links to the highlighted episodes:
Once again, thank you, and we look forward to the next 100! 🙂
PS: If you are planning to come to the Melbourne Property Buyer Expo 2017, make sure to use our discount code (TPC2017) for a free pass! Click here to get the tickets
And as always, if you like this episode (The Property Couch UNPACKED!), 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/
This time at the 2017 Property Buyer Expo Melbourne we will be having our very own The Property Couch Stand!!
The Property Buyer Expo has quickly become the premier industry event of the year. It provides an educational platform for investors and home buyers to listen to leading industry speakers and exhibitors all under one roof. Over 8,000 people registered to attend our 2016 Sydney expo which saw incredible reviews and outstanding exhibitor feedback. This ensures that Melbourne 2017 will be an exceptional success.
Utilising the most recognisable names within the property industry, the Property Buyer Expo offers free and paid seminars to investors wanting to gather information to make sound investment decisions. The exhibition is a must see for those wanting to either break into the property market, upgrade their home or build wealth through property investments.
Details:
Date: 24 – 26 February 2017
Location: Melbourne Convention and Exhibition Centre
To get Free Tickets to the Expo, just use this coupon code: TPC2017
And here’s our speaking schedule:
Day 1 Friday, 24th February |
Day 2 Saturday, 25th February |
Day 3 Sunday, 26th February |
11:00 am Stage 1 | Ben KingsleyPanel Discussion | How to improve Melbourne’s housing affordability. |
11:00 am Stage 2 | The Property CouchLIVE RECORDING |
12:30 pm Stage 2 | Bryce HoldawayHow to Earn $2,000 per week in passive income via property investing |
2:00 pm Stage 2 | Bryce HoldawayHow to Earn $2,000 per week in passive income via property investing |
1:30 pm Stage 1 | Ben KingsleyThe Game of Property Investing |
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3:30 pm Stage 3 | Ben KingsleyThe Game of Property Investing |
By The Property Couch in Podcast, Q&A
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:
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.
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/
By The Property Couch in Podcast
It’s the second week into the new year, and we’ve got yet another exciting and information-packed episode for you today. Joining Bryce and Ben on another online interview podcast is Property Journalist and Review Editor of Domain, Jennifer Duke (@JennieDuke). Today the duo and their special guest who “lives and breathes property” discuss Jen’s professional background and how she got into property journalism, the breadth of topics there are to discuss around property, as well as how being a property journalism shows you a more personal aspect of property investing. Further to this, they also discuss the following areas:
ps: Don’t forget to tag your friends for our Episode 100 Giveaways! Only 2 more weeks to go!
If you like this podcast: “Unpacking Property Media Headlines – Chat with Jennifer Duke, Property Journalist and Review Editor of Domain”, 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/.
By The Property Couch in Podcast, Q&A
First thing’s first, Happy New Year everyone! And what an exciting new year we have for you all here on The Property Couch. We’ll let Bryce and Ben fill you in on what’s to come, but for now we thought we’d kick the new year off with a fresh Q&A session. In today’s episode, Bryce and Ben answer the following 7 questions which are:
My question is in reference to LMI and loan to value ratio (LVR). Is the LMI attached to a loan dissipate over time as our LVR approaches the 80% sweet spot or does it remain until the whole loan is paid off? And, given I’ve saved up a good cash reserve, would it make sense to pay just enough to make my LVR 80%?
We live in Manly in Sydney, have a good double income and a considerable deposit saved and are now trying to decide the best property approach for us. The maternity leave at my wife’s work is fantastic so we are not expecting any dip in salary income as begin to have children. In the long term our goal is to have a few investment properties wherever it makes sense to buy in Australia and then a PPOR in or around Manly.
My question to you: With our income we could probably get a loan of up to $1.5M and still be able to comfortably live. But in your experience, should we start by purchasing an investment property that’s well within our means – e.g. something for around the $700,000 – $900,000 mark and continue to rent in Manly OR should we try to stretch ourselves and buy a property at out upper limit that we live in for now and then think about additional investment properties later on? If we were to buy something a bit cheaper in an area that made sense, I’d imagine we’d be able to continue renting and then buy a second more affordable investment property as equity grows in the property and we continue to save. In other words, are we better to aim for a number of cheaper properties that we gain a small amount of capital growth or one more expensive property that might achieve large capital growth as it’s off a larger base?
Any thoughts/words of advice would be much appreciated as we’re undecided what to do next?
When designing plans and giving the buyers agent team a clear brief my partner and I are beginning to assess whether we chase capital gains property, a cash cow or a mix. Currently our cash flow is strong (minimum 2k surplus per month) but this could deteriorate slightly as circumstances change. I’m curious to know again the rough numbers you guys work off when considering these options ie. What capital gains % do you chase and what yield % do you chase for both types of property.
We are leaning towards a more capital gains focused property as with age on our side rental yields can catch up later, but we want to make sure we can easily manage the repayments so we don’t want to get stuck not being able to live life.
If you like this Q&A episode (Mechanics of LMI, Purchasing Foreclosed Property, Stretching Your Investing Budget 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/
By The Property Couch in Podcast
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:
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/.
By The Property Couch in Podcast
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:
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/.
By The Property Couch in Podcast
As Christmas is a time for giving, we thought today’s special Christmas episode should be none other than a Q&A session! Topics covered today include debt-retirement and refinancing loans, how to go about upgrading your PPOR (Principle Place of Residence), whether it’s worth paying for a financial planner and more. (And click here for your free The Property Couch Christmas Pack!) Today’s questions are from the following listeners:
Changing all of these to principal & interest at the same time would probably be too strenuous on the budget, so is it a case of paying off the largest investment loan on principal & interest terms while refinancing the remaining loans as interest-only for another 3-5 years and start knocking off the balance of the largest loan? Or is it a case of building up the offset account of each loan evenly so that you end up paying less interest across all of the loans until you are in a position to pay the loan back in full?
But in this scenario the banks will eventually put you on a principal & interest payment unless you refinance again to an interest only loan, so how do you juggle at least 5 investment loans potentially all coming off their interest-only terms within 12-18 months of each other, while you’re trying to retire the debt without blowing the family budget? ($150+ principal payment across 5 loans = $750 a week which would destroy most family budgets).
Is it a case of focusing on one property at a time until the rent covers the principal + interest payments, before moving onto the next property or is it a case of continually refinancing to interest-only loans and building up the offset accounts? Is it better to focus on the largest loan first or distribute funds evenly across all loans? How do you actually go about entering the ‘debt-retirement’ phase on a portfolio of 5 investment properties (assuming all currently interest-only repayments with separate offset accounts but the interest-only period is expiring for all 5 loans over the next couple of years). This does not take into account the PPOR but we can ignore that part of the equation for the above scenario.
I also have a broker and accountant and also use a buyer agent. So my question:
I recently sought advice from a financial planner. After an interview, he sent me a proposal and plan which also outlines his fees. His fees were $500 per month with monthly payments that would be ongoing for a period of a few years. If cash flow management is essential and using surplus cash flows to reinvest is a key step, then how is 500 per month going out enabling this? Isn’t this counter to one of your pillars of mastery? If I had a large income and a large portfolio, then this would be manageable. But I don’t. Are all financial planners this expensive? I can see the value of buyers agent’s fees but I can’t see the value in planners for myself.
If you like this Q&A episode (Investing in a Financial Planner, Upgrading your PPOR, Loan Strategy to Build your Portfolio 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/
Hi all! As promised, here’s The Property Couch Christmas Pack for 2016! Just leave your details above and we’ll send it to you right away.
You should be expecting lots of goodies in this pack such as:
And whilst you’re here, check out our New Website… hint, check out the “About Us” page, it is a pretty cool look at how far we’ve come.
Merry Christmas and have a happy and safe New Year! 😎
Bryce, Ben and The (TPC) Stig
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