In Episode 34 of this podcast, Bryce and Ben answered one of our listener’s questions regarding the estimated growth and returns that we used in all our property plan production. To further assist with the explanation, we thought it would be best to share this presentation done by the both of them at the CPA Australia Public Practice 2014 Conference in Lorne.
Watch this presentation and please do let us know if you have any question by email at [email protected] or fill out the form here.
Aaand we’re back at it folks!!
Our first double part episode…ALL IN THE SPACE OF ONE WEEK!
Yep. That’s how important we believe these two lessons are!!
So today we’re finishing our “5 Essential Steps to Property Investing in Australia” framework (Of course, if you haven’t already listened to the first part, tune in here) covering the last TWO steps of the process:
4. Implement (The researching and buying – often what too many people do FIRST in the framework)
5. Manage (The checking and monitoring of the property each year)
Combined, these 5 steps will guide you to effectively and successfully plan and achieve your life goals!
AND (in the wise words of Bryce) if you’d like to turn your dream into a goal, our business – Empower Wealth – offers tailored Property Wealth Planning strategies based on YOUR financial and life goals.
We discuss how these plans work and why they’re important…
Plus we define the 2 key metrics that Empower Wealth uses to create these insanely accurate financial plans!
(Did we mention these advanced calculations have been designed by Ben himself??)
If you’re interested in getting us to help you out with your property journey, check us out here!
There’s so much gold in this framework finale episode, tune in now folks!
What to expect in this 90-pages long Cheatsheet?
Interested? Fill in the form below and we’ll email it to you right away.
Folks, we think Australia’s school curriculum should include money management and smart investing…
In fact, we believe so strongly that Aussies need MORE property education, that we’re expanding from our “Four Pillars of Mastery” series…
(Haven’t listened? You can check it out here!)
…into the first part of our “5 Essential Steps to Property Investing in Australia” framework!!
Yep, that’s right folks, we’re giving you yet another free framework that’ll guide you on your professional investing journey!
Today we’re covering the first 3 steps…
We’re breaking down each section and explaining how you can achieve it, with insider tips that we’ve learned over the past 40 years!
We’ll also be unpacking the Microscope challenge and listing some real-life examples in action. Tune in now to upgrade your knowledge! 💃
p.s Make sure you check out the simulator that Ben mentions in this podcast, it’ll seriously help you to achieve these three steps!
p.p.s Continue to >> Part 2 of 5 Essential Steps to Property Investing in Australia
What to expect in this 90-pages long Cheatsheet?
Interested? Fill in the form below and we’ll email it to you right away.
Special Note:
Looking for a Qualified Property Investment Advisor? Use the Search Function on PIPA Website here or get in touch with us!
Our parent company Empower Wealth is a PIPA Member and all our advisors are QPIAs who are very capable in building a unique and tailored Property Portfolio Plan. You can learn more about our free and no-obligation initial consultation here.
Here are the Case Studies mentioned in Episode 010 | Tax Depreciation of The Property Couch:
An investor owns a period home purchased for between $600,000 and $700,000 with a rental income of $440 per week.
Expenses for their property such as interest, rates and management fees totaled to $40,950. A depreciation schedule from specialist Quantity Surveyors BMT Tax Depreciation found the investor would be entitled to claim $9,880 in depreciation in the first financial year. By claiming depreciation deductions, BMT was able to help the investor to turn their negative cash flow into a more positive one, reducing the costs involved in holding the property by $3,655.
The following scenario shows the investors cash flow with and without the depreciation claim:
This investor used property depreciation to reduce the costs of holding their property. Without depreciation, they were paying out $219 per week. By taking advantage of tax legislation and making a depreciation claim, the weekly cost of holding the property is reduced to $149.
An investor owns an older villa purchased for between $400,000 and $500,000 with a rental income of $405 per week.
Expenses for their property such as interest, rates and management fees totalled to $29,610. A depreciation schedule from specialist Quantity Surveyors BMT Tax Depreciation found the investor would be entitled to claim $7,930 in depreciation in the first financial year. By claiming depreciation deductions, BMT was able to help the investor turn their negative cash flow into a more positive one, reducing the costs involved in holding the property by $2,935.
The following scenario shows the investors cash flow with and without the depreciation claim:
This investor used property depreciation to reduce the costs of holding their property. Without depreciation, they were paying out $104 per week. By taking advantage of tax legislation and making a depreciation claim, the weekly cost of holding the property is reduced to $47.
Case studies provided by BMT Tax Depreciation.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS) is the Chief Executive Officer of BMT Tax Depreciation.
This may be one of the most important factors when investing in property…
Continuing with our “ABCD” Property Investment Formula which all property investors should master, we’re advancing to B for Borrowing Power!!
Folks, now that you know how much surplus you have at the end of each month (thanks to the previous episode on Cash Flow Management), the next step is knowing YOUR borrowing power!
Did you know that having higher borrowing power can greatly increase your accumulated wealth?
But it’s not always as simple as going to your bank or mortgage broker to set up a loan…
In fact, many unseen factors can create unwanted “glass ceilings”.
We’ll cover how to recognise the signs of Borrowing Power and more importantly HOW to increase yours…
PLUS, we’re unpacking INCOME: how does it affect your suburb’s desirability and value growth, and when did income and property value even become linked?!
👉 Tune in for the gold!
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