For the last episode of 2015 and as promised for our Summer Series, we will be going through quite a few questions! Bryce Holdaway and Ben Kingsley will be answering the questions below from our listeners. It’s going to be a full on one so sit tight! 🙂

• Building cash reserve question from Maria: Can you please discuss how to build cash reserve buffers into your property investment plan, and the options for funding unexpected large expenses like medical expenses and family needing financial assistance?

• Investing in the suburb next-door question from Peter: Is investing in a lower priced residential suburb surrounded by higher value median suburbs a good investment strategy? With hope that property you’ve invested in will eventually go up in price? Granted that suburb also has all the necessary amenities close by such as public transport, schools, small shops etc.

• Property professionals’ question from Josie: I have been listening to your podcasts which I find really interesting and informative. I am really interested in buying an investment property and am currently looking at the best way for me to do this. I am currently talking with my finance advisor and accountant to establish the best way to do this, i.e., through a self-managed super fund or using my own home which I own as capital. As you mentioned in your podcast, are these the right people to get property advice from? Would appreciate your thoughts.

• Loan structure question from Mark: Love the podcast and have been a loyal listener since the first few episodes. My partner and I have recently purchased our first new home and are considering putting our loan repayments to interest only and banking the money we would be paying off the principal in an offset account. We want to get an investment property and start building a portfolio and see this as a way of saving money quickly. What do you guys think?

• Investment strategy question from Rick: Over the years, I have been advised to buy in quality, blue chip and desirable areas with a proven growth history which aligns to Empower Wealth’s strategy. The downside is that it is priced at a premium and the cash flow is usually poor which hampers an investor’s ability to build their asset base until the rental income improves.

• Becoming a Buyer’s Agent question from Daniel: What does one need to do to become a buyer’s agent? What schooling/qualifications are needed to become one?

• Renovating for profit question from Sylwia: Hi there, I am looking to get into renovating for profit in the nearest future. I am at the stage of educating myself and would love to hear from you gents about renovating for profit as an investment strategy: renovating to rent vs renovating to sell, buying the right property at the right price, good sources of information, dangers and traps of renovating as a strategy, property “flipping” etc. I look forward to hearing your point of view on this topic.

 

Free resources mentioned in this podcast:

• Episode 17: Who’s Your Personal Banker?
• Episode 23: Exit Strategy in Property Investment
• Episode 33: Q&A – Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy, and Leasing to Relatives

 

If you like this Q&A episode, 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: https://thepropertycouch.com.au/contact/