Buying Process Archives - Page 15 of 19

131 | How Did He Turn $4,500 Into A Multi-Million Dollar Property Portfolio?- Chat with Victor Kumar, Partner at Right Property Group

By The Property Couch August 17, 2017 in Podcast

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What would you do if you arrived from Fiji to Australia with only $4,500 to your name and little else? Well, that’s exactly what today’s guest, Victor Kumar, Partner at Right Property Group, and his wife did in 1997. And their story is truly extraordinary! Within 1 and a half years in Australia, the radiographers—thanks to reading The Wealthy Barber and Building Wealth Through Investment Property, learning as much as they could about property investment, lots of hard work coupled with a steel determination —had secured their own PPOR as well as 11 investment properties!

Here to explain how he did it, the co-host of Investing Insights with Right Property Group podcast, Victor Kumar, explains:

How he chose a mortgage broker to get the loan he was first rejected for
Who to take your advice from (aside from Jan Somers and David Chilton)
The difference between money and mindset, and why goal setting is crucial:

“The very first thing is: you’ve got to sort out your goals—why you’re doing it and what are you aiming for—before you start the journey. Most people start the journey and then try and get the GPS up-and-running to say we’re they’re going.”

Victor’s reason “why” he invests in property—and why it is crucial to know your “why”
A simple, easy habit anyone can do to outsmart a spruiker and determine if the property seminar is genuine
His investment strategy, how he accumulated such a ginormous portfolio and if he would do it again
A few of the mistakes and lessons learnt while building his portfolio (and they’re hilarious!)
When to DIY and when to always pay for professional services
What factors to consider if you are investing in the outer suburbs?
His renovation “Life Hack” and why it’s the most important renovation tip to add value
What are the three things that can ruin a property portfolio?
How to manage multiple investment properties and the problems with investing in too many properties
Special: Victor unpacked an amazing tip at the 55-minute mark. So make sure you don’t miss that!

Note: Victor brought enough gold to the couch to create a mining town … let us know if you agree! What to do and what never, ever to do … wooooaaaah, thanks Victor!

Some other resources for our fellow listeners:

Our chat with Steve Waters back in Episode 42 – Listen here
LocationScore’s Launch Offer is expiring this Sunday, 20th August 2017! (Code: TPC20) – Check it out here

130 | Stage to Savvy: How this Singer/Actor Built her Own Impressive Portfolio Without Guaranteed Work – Chat with Rachel Cole

By The Property Couch August 15, 2017 in Podcast

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Awe-Guest, for us, is about bringing in experts from all walks of life and we are proud to say that we’ve finally got Rachel Cole on the show! Welcome Rach!!

Rach is an accomplished performer, singer and actor and is currently understudying Miss Honey, Mrs Wormwood and Mrs Phelps on Matilda The Musical (yes, that one), after understudying Nessa Rose in the Australasian tour of WICKED. A young property investor, Rach loves property research, spreadsheet and is very savvy with her spending. Rach also has a Bachelor Degree in Psychology, a quick-witted blog, Stage Door Shrink, and a passion for sharing what she knows about property investing, even when her creative work (read: money) isn’t always guaranteed.

In today’s podcast, she and the boys unfold:

How to invest as a young, single woman with intermittent paychecks
How a conservative upbringing and 25 cents in pocket money for every year old she was, paid off
What things you should never to get a loan for
Money SMARTS, how to implement a budget for everything and other ways to save money
Why investing in a $100 bike can land you a house deposit
The necessity of sacrifice
Getting her first investment property without a fixed income
How to be a borderless investor and things you need to consider
The costs of renovating and how much is too much
What you should always ask the “the locals” before you buy in their suburb
What research do you need to do to get the best possible returns?
When is the only time to buy off the plan?
How to act now when you’re circumstances “aren’t right”

PLUS you’ll also get to hear an exclusive performance from Rach! Don’t miss out!

125 (Part 2) | Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard

By The Property Couch July 21, 2017 in Hot Market Tips, Podcast

Did we deliver on the gold in PART ONE?

Jeremy Sheppard, also the Director of Research at Select Residential Property, definitely has a serious knack for data collection and analysis, doesn’t he? (Side note: he actually calls himself the “property-data Nutcase”. Yep.)

Chasing the tail of Part One, PART TWO unpacks the remaining 3 of the 8 fundamental indicators that affect demand and supply.

The last 3 are:

Vendor Discount
Rental Yield
Renters versus owner-occupiers

Yep. Did we warn you that this episode could be quite overwhelming? Stay with us.

It’s been no secret that we’ve been waiting A LONG TIME to share this episode with you because … LocationScore is finally live!!

So, what is LocationScore?

Jeremy met with The Property Couch’s Bryce and Ben back in 2016 and that led to their creation of this online property research tool.

All of the indicators you hear mentioned in this episode are exactly what LocationScore’s algorithm measures! They are the tools that sniff out supply and demand levels of all across the country, changing the face of Capital Growth, and investing, forever!

So, what if we could tell you the suburbs—right down to the specifics of houses and units—that are saturated in scarcity, landing you the BETTER LOCATIONS to increase your chances of making real returns in the long term?

This is what LocationScore, pioneered by Jeremy, Ben and Bryce, has been designed to do for you.

These indicators are the wires that power LocationScore. And with over 15,000 suburbs in the Australian market, Jeremy, Ben and Bryce continue to untangle them for you, hoping to fix the headache of finding investment grade suburbs and, in turn, crucial asset selection.

Let’s be honest: there’s obviously a lot to tell you.

We hope you like this one guys!

Resources mentioned in this podcast:

LocationScore Webinar | Register your interest here
Interested in the LocationScore Advantage? | Check it out here. (Discount Code: TPC20. Valid till 19th August 2017)

If you like this podcast: “Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard”, 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: New Topics

25 (Part 1) | Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard

By The Property Couch July 20, 2017 in Hot Market Tips, Podcast

We’ve been building this one up a bit haven’t we? But TODAY is the day we’ve got Jeremy Sheppard on the couch! Jeremy—himself an investor with 16 properties in his own portfolio—explains his years of passion in data collection, analysis and research into the levels of supply and demand (across every market and 15,000 suburbs in Australia). This passion pioneered the DSR Formula and the inception of DSRData.com.au.

How it works (nutshell):

Supply and demand are the only things that affect the future price of any good. If you know the exact level of supply and demand in a market, you can roughly predict its capital growth direction—up or down/making you money, or not.

But how do you identify the level, and how can specific variables influence the market’s movement?

There are 8 proven indicators that measures EXACTLY WHERE demand exceeds supply, honing in on where the capital growth lives.

And in PART ONE, 5 of the 8 key indicators will be explained by the boys. They are:

Stock on Market
Auction Clearance Rates
Online Search Interest
Days on Market
Vacancy Rate (and how to calculate your own vacancy rate)

Just listen. We promise more gold than ever.

121 (Part 2) | Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley

By The Property Couch June 27, 2017 in Podcast, Real Estate Agent

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Part two with Damien Cooley, Australia’s most respected auctioneers and the face of Cooley Auctions, On top of his Australian record—see part 1— he has an uncountable number of industry trophies tucked under that orange tie—winning the 2015 & 2013 Auctioneer of the Year at the Real Estate Business Awards for example—and has performed auctions on other reality TV series, including The Renovators, Under The Hammer, Hot Auctions and Selling Houses Australia.

Oh, and you might have heard this in Part One that just two years ago, Cooley Auctions delivered up to 6000 auctions in the same year. So Damien definitely knows his stuff.

What are you waiting for? Get the insider’s guide to:

Which avoidable mistakes buyers make
How to win at auction, just by observing the mood of buyers
Which bidding tactics work and which ones absolutely don’t
What the Five Second Rule is
What a Flexible Buyers Strategy looks like
How the auction process differs between Victoria and NSW

and

Is there a shift in buyers’ sentiment in Sydney’s property market?

If you like this podcast: “Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley”, 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.

So, what is LocationScore?

How it works (nutshell):

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