Buying Process Archives - Page 6 of 19

346 | No More Properties Left To Buy: How This Couple Did It!

By The Property Couch July 8, 2021 in Real life stories, Summer Series

Financially Free Before 30… How!?!

Folks, in today’s episode we’re interviewing a young couple who, get this, have no more properties left to buy.

Meet Emma & Liam – D.I.Y. property investors who are “Done & Dusted” with only 2 investment properties and one family home.

Um, wait a minute…. Are you wondering, “How on earth…!?!”

Yep, we were equally blown away too.

Here’s where it gets even better – they did it with No bells, No whistles – just a couple of clever, cost-effective renovations and – the big one – they lived and breathed delayed gratification.

And now Emma & Liam and their small family is Set For Life.

… Wanna find out how these listeners did it?

Us too – strap yourselves in!

Free Stuff Mentioned

“Winter Series” Line Up So Far (More To Come!)

Episode 345 | COVID Crashed Their Careers – But Now They’re On Track To A Passive Income! – Chat with Tim Martin and Thomas Henry

Here’s What We Cover…

01:13 – Meet Emma & Liam!
01:47 – “Money Doesn’t Grow On Trees”, they said…
05:01 – Money lessons learnt from Nintendo!
08:50 – When they first started, how did they set up their bank accounts?
11:23 – Have they ever BLOWN their cash!?!
13:13 – Financially Free Before 30… let’s seriously unpack it!
14:18 – What did they have to sacrifice to make it happen?
16:39 – What do they prioritise above all else?
16:57 – How much time did Emma save by using Money SMARTS?
18:32 – “Experience Over Things” — Why It’s The Best Way To Live!
20:30 – WHY did they want to build a property portfolio in the first place?
23:30 – Meet Their Properties!
25:09 – The D.I.Y Renos!
27:48 – “Don’t Buy Any More Properties!” — Their reaction to being told they were DONE!
32:46 – Were they tempted to keep buying property, anyway?
36:31 – The Mexican Fishing Story Every Property Investor Needs To Hear!
38:15 – The #1 thing you need to succeed as a property investor!
41:12 – Emma & Liam’s Top Renovation Tips!!
43:18 – How to cut your Renovations cost (smart!)
46:11 – Are there fights in the household over money?
46:19 – Why it doesn’t matter if you’re NOT debt free! (wait, what!?!)

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

345 | COVID Crashed Their Careers – But Now They’re On Track To A Passive Income! – Chat with Tim Martin and Thomas Henry

By The Property Couch July 1, 2021 in Real life stories, Summer Series

When Covid hit, Tim and Thomas lost their jobs practically overnight.

At the time, they both worked in aviation – at the same airline, in fact – but all this changed for the couple when international borders went into a snap lockdown and not too long after, they were made redundant from careers they loved… and ones they imagined doing for the rest of their lives.

What happened next is – quite frankly, folks – hard to believe, and no doubt not the norm; particularly when you consider the fact that their life as they thought they knew it suddenly takes a drastic and unwanted shift.

What you’re about to get in this episode is not just a rare look inside an unshakeable mindset, but also something else entirely…

See, prior to all this, our listeners Tim Martin & Thomas Henry had been busting their guts trying to save for their first home deposit…

… and although they hadn’t saved enough just yet, with a click of someone else’s fingers, their years of hard work was immediately under threat.

Think about it for a sec – Their careers were gone. There were job losses sweeping across the globe. There was a serious virus scaring a lot of folks. EVERYTHING was uncertain…

And yet what Tim & Tom decided to do next was…

… Well, Wow.

Please just listen to this episode folks – we’ve kept it the last in Winter Series ‘cos if it ain’t a bang, we dunno what is!

Huge shout out to Tim & Tom for sharing their incredible story with us – powerful stuff, folks!

Free Stuff Mentioned

FREE BOOK!— Make Money Simple Again
FREE TPC MyWealth Portal (the system that implements Money SMARTS for you) — http://thepropertycouch.com.au/financialpeace
FREE BOOK – The Armchair Guide To Property Investing
The Binge Guide – The First 20 Episodes

Here’s What We Cover…

02:24 – Meet Tim and Thomas
02:59 – What was money like for Tim growing up?
05:28 – When did Tim’s parents purchase their first home? Why?
07:36 – Money discussions around the dinner table for Thomas
07:56 – Coming from nothing, and building your own business!
10:33 – The first paychecks…
13:11 – When you follow dreams that aren’t yours…
16:06 – Falling headfirst into the credit trap :-/
16:43 – How BIG was the credit card debt!?!
18:26 – How did Tim get on top of such a large debt spiral?
21:16 – The BIG Pivot…!
23:33 – When a pandemic stops your entire industry!
23:47 – Why was the airline life so appealing for them, anyway?
26:43 – Their saving tactics for the first home deposit
29:33 – How they discovered the pandemic wasn’t going anyway any time soon
30:18 – The immediate pivot to casual work – How? What? Why?
33:21 – How to use Action as a form of taking back control
34:10 – Finding opportunity amongst the chaos
25:00 – Where do they work now?
35:39 – How many temporary jobs did they “go through” in 6 months?
36:54 – Finding The Property Couch… 🙂
38:44 – Not Cynical But Sceptical… How They Recognised The Spruikers!
41:19 – The hidden benefits of REAL property investment advice
42:28 – How to retire at or before 60!
44:01 – The “Zero to 100” Mindset…
45:08 – Okay, let’s get real – how did all this upheaval feel?
47:32 – The most transformational episodes!
49:26 – How much do they plan to spend on travel each year?
50:38 – Why buy an investment property BEFORE a PPOR?
53:49 – How many properties do they need to achieve their passive income target?

And…

1:00:29 – A look back in the rear vision mirror…

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS?

Fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

(LIVE) The Early Warning Sign: Where Most Investors Go Wrong With FOMO!

By The Property Couch April 24, 2021 in Free Resources, Podcast

Do you recognise this early warning sign!?!

Yep. Straight from the studio, we’re unpacking “The Early Warning Sign: Where Most Investors Go Wrong With FOMO!”

We’ll be honest with ya folks… this one’s a killer. ☠ And will cost you a LOT of money!

So if you can hear this warning bell (and you should be able to hear it a mile away!)… STOP. 🛑✋

Like, immediately Stop.

… ‘Cos chances are you might be acting out of FOMO – Fear Of Missing Out.

And this is NO reason to invest in property!!!

🚫🚫🚫

Here’s just a bit of what we cover:

👉 What’s “The Early Warning Sign” most investors foolishly ignore!?!
👉 How many properties do you need to create a passive income?
👉 How to invest without sacrificing the family budget!
👉 The lending tweak that will allow you to easily service multiple home loans
👉 Established vs New Property
👉 Borderless Buying: What is it & should every property investor be a borderless buyer?
👉 Interest Only vs Principle & Interest Loans
👉 Is now a good time to buy property?
👉 The biggest tip to avoid FOMO!
👉 What do some of the BEST investors have to share?
👉 The Power of Land Value: The Recent Property That Got 13 – 14% Compounding Returns!

… Tune in now to get the gold!

Resources Mentioned:

Episodes Mentioned:

Free Report: 10 FOMO Mistakes Investors Make

By The Property Couch April 18, 2021 in Free Resources

There’s no doubt about it – the “Great Australian BBQ Topic” (aka PROPERTY) is on steroids right now…!

Thanks to a combination of low-interest rates, rising property prices, and a lack of supply in the market…. we’ve got a PERFECT STORM for FOMO on our hands!

FOMO = Fear Of Missing Out.

And there are TEN Top FOMO Mistakes investors make… that are specific to this CURRENT property market!

So if you’re a property investor or home buyer, please make sure you familiarise yourself with all of the mistakes outlined in this new free report so you don’t fall prey to ignorance and FOMO!

Remember…. Property Investing is a PROCESS, not an event.

Fill in the form below and we’ll email you the 10 FOMO Mistakes Investors Make report right away!

330 | Top 10 FOMO Mistakes Investors Make!

By The Property Couch March 18, 2021 in Podcast

Subscribe On Itunes Subscribe On Android

FOMO (Fear Of Missing Out) is certainly here in this hot property market, folks!

Let’s be real… the “Great Australian BBQ Topic” is officially on steroids right now — a combination of low interest rates, rising property prices and lack of supply in the market is seeing all sorts of people jump in on “the property party” they perceive everyone else is enjoying.

So, we want to be direct with you… there are NO excuses to purchase property because of FOMO! The reality is you should NEVER make huge financial decisions on a whim or forget to “Look Before You Leap”.

A hot market — like the one we’re currently experiencing — is the perfect storm for property buyers to make mistakes and land themselves in hot water by stretching themselves too far, act without thinking, fall into the “herd” mentality or disregard that FOMO is paradise for Spruikers!!

As a follow on to our 3-part mini-series on how to win in a HOT property market, today we’re tackling the Top 10 FOMO mistakes property investors make… because we DON’T want to see you getting burnt out there or Realising Too Late that you fell into the trap of Irrational Exuberance!!

So, strap yourselves in folks… ‘cos we’re about to give you some TOUGH LOVE!

Free Stuff Mentioned…

What’s Covered In The Episode….

02:12 – How can you WIN our Start & Build online course?
07:57 – How Bryce’s heckle to Ben ended in a property investment lesson… (LOL)
09:57 – Mistake #1: You buy__ because you __ __ __ !
10:30 – The Perfect Storm for FOMO…
11:23 – A question to ask yourself to rein in FOMO…
11:54 – “I went to buy a loaf of bread and came back with a property!” (yep… real life story!)
14:02 – Why market movement doesn’t mean you should buy property…
15:10 – “CBAD”!
16:07 – Key FOMO difference for investors and owner-occupiers
16:28 – Ben’s Two Controversial Tips for Owner-Occupiers!
20:00 – Mistake # 2: You buy because you want to get __ __ !
20:26 – Why is FOMO a paradise for Property Spruikers?
22:10 – Beware of The Stock List!
23:26 – Why we DON’T like the word “Rich”!
24:15 – The Fundamental Principle to work out if YOU are the product!
25:13 – Understanding the enemy…
26:34 – How to identify “The Millionaire Next Door”
27:17 – Mistake #3: You __ __ __
31:16 – The 30,000-foot view…
31:57 – The two most-common situations we model…
33:51 – Mistake #4: You __ the wrong __!
34:13 – Why you need to be cautious of “flipping” in a hot market…
35:24 – Understanding investment-grade locations…
36:00 – Why a character property could actually be the WRONG property for you…!
37:09 – Mistake #5: You __ __ want to __ on __ !
40:52 – Mistake #6: You __ without a __ __ __ __
41:27 – Why can you borrow more as a rentvestor?
42:20 – Considerations if you’re chasing higher-yielding properties
44:02 – Mistake #7: You underestimate what it takes to __ __ a __ __
44:47 – Mistake #8: You’re too __ or too __
46:17 – Classic examples that lead to a poor-performing property
48:27 – Mistake #9: Your __ is disconnected from __ __

50:20 – Are you paying too much?
53:50 – Mistake #10: You Buy __ Because You Think __ __ __ Changed!!

Free Stuff Mentioned

“Winter Series” Line Up So Far (More To Come!)

Here’s What We Cover…

Keen to Get Started with Money SMARTS?

Free Stuff Mentioned

Here’s What We Cover…

Keen to Get Started with Money SMARTS?

Resources Mentioned:

Episodes Mentioned:

Free Stuff Mentioned…

What’s Covered In The Episode….

Instagram

Free Resources

Footer

MONEY SMARTS SYSTEM