If you’ve got a question about investing in property, then it’s in your best interests to listen to this episode!
Why? Because it’s our favourite day, folks… Q & A Day! And, not only is today just a couple of days away from the end of Financial Year, but also we’ve got some new, timely SpeakPipe Questions to answer! Which means … 1. It’s probably a bit too late to get your Depreciation Schedule into your accountant, BUT 2. You’re in for a high-powered learning session!
This Q & A is great for folks who…
- Want to know how APRA’s regulations have impacted your ability to get a loan AND a credit card?
- Are you seriously interested in getting a career in property investing and want to how to land a job?
- Aren’t sure what tenants are REALLY looking for in your area, but want to maximise your returns?
- Thinking about renovating tips, but don’t know if you should add a bedroom or where to put the toilet?
- Wondering if it’s a good idea to live in your property BEFORE you rent it out?
So if this sounds like you, you better strap your headphones in!
But, as routine has it, before we tell you EXACTLY what the questions are that’ll give you all this invaluable information, we’ve got some housekeeping to get out of the way, like…
Our Melbourne LIVE Podcast has SOLD OUT!!!
We even did a dance about it! WATCH OUR FLOSS DANCE!
Yep, it’s true, folks! But if you’re lucky, another local listener might have something come up on the night, so you COULD land their ticket. CLICK HERE if you’re keen to join the waitlist, or find out more details.
Our company is currently looking for new members, so if you’re qualified, passionate and prepared to do what it takes to help other people, we’re looking for:
Interested? Send in your Resume and Cover Letter to email@example.com
We want your Money Hacks
If you’ve got a great Savings Tip or a way to make your dollar go that extra mile, we want to know about it! Let us know here.
If you have implemented the Money Smarts System where do you feel most vulnerable? Let us know here.
If you want to be a Case Study and you’d like to know how Money SMARTS can help you, let you know. Let us know here.
Remember to leave us your SpeakPipe Questions.
Question about Ideal Rooms and Features of Investment Properties from Joel:
Hey Bryce, Ben and Stiggy. My name’s Joel, from Adelaide. The question I’d like to ask is what kind of rooms and features do Australia’s want in the rental market at the moment? The property I’m looking at the moment is a 3BDR, open living area & a large home entertainment, or cinema, room. Now, looking at the plans, I’d probably convert that room to a bedroom, add some wardrobes, because it’s quite large, but I don’t know what other Australians would want. So I’d live there for a couple of years before renting it out, but I don’t know what Australian’s would prefer another bedroom, or that extra room for activities and stuff like that? Any input would be great, thanks!
Have a Similar Question? These Episodes will also help:
- Episode 123 | What is Owner-Occupier Appeal and How to Use It When Buying Your Next Investment?
- Episode 020 | Science of Asset Selection – The Buyer’s Decision Quadrant
Question about Bank Assessment of Loans from Matt:
Hey guys, Matt from Canberra … via sunny London here! First up I can tell you our architecture and Land Tax in Canberra is just to make sure not too many of you and the other Capitals turn off the Hume Highway and discover Australia’s best kept secret. So thanks very much for helping to keep our secret safe there! My question is about the banks and them having to assess us against increasingly restrictive assessment criteria. But do they have to do that when they are looking at non-mortgage lending criteria? The Money SMARTS System works best with a nice, big credit limit with maximum interest free days and there’s sometimes great deals on car loans that are cheaper than the interest savings on our offsets this is often still with APRA regulated providers. But do they only assess you against the lending criteria for the lowest common denominator, essentially, when you’re applying for a mortgage vs non mortgage finance? Do they have to assess you for the same criteria with their other products? Thanks so much guys for everything you do!
Have a Similar Question These Episodes will also help:
- Episode 175 | Five Foolproof Ways to Conquer your Finance in this Changing Landscape
- Episode 050 | Q&A – Credit card management, professional fees, LOC for negative cash flows, adding value via reno and interest only loans
- Episode 017 | Who’s Your Personal Banker?
Question about getting into a career as a Buyers Agent and Property Investment Advisor from Francis:
I know that this topic has been touched on in the past but I would love to hear Ben and Bryce give a few pointers to people (like myself) wanting to make a career in property investment, Buyers Agents and financial planning. In my case, I have done the REIQ (QLD) registration course but wondering if I need to complete the full license? Also, if I want to help people buy property in every state and territory in Australia, do I need to go and complete that course for each and every state / territory to become registered, or does the buyers agency take on that responsibility? Other than the QPIA course, are there any other ways to learn the industry while still working, so that people can transition into their new career relatively seamlessly? I just thought I would send this to support my recorded message and give a little more context to the question. Thanks again for everything you are doing!
Have a Similar Question These will also help:
- Episode 088 | Q&A – Investing in Newly Developed Areas, Getting into the Property Market, Career as a Buyers Agent and more
- Facebook Live | No. 12
P.S. Have you cut a full lap of The Property Couch yet? If not, and you’re too strapped for time, just make sure you MUST WATCH the first 20 episodes. Because they are FOUNDATIONAL episodes.