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Renovation does not equal Riches

 

The excitement and extraordinary results of a good renovation is immense. We’ve seen it on TV shows like The Block, but does renovating always equal riches? Bryce Holdaway thinks there is more to it.  Watch the video to learn more.

 

 

 

Bryce Holdaway - Quote of the Day - The Property CouchBryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

 

Episode 004 | Four Pillars of Mastery – Borrowing Power

Episode 004 of The Property Couch is a continuation of our Four Pillars of Mastery series. Last episode we talked about Cash Flow Management and how it is the first step to your property investment journey. Bryce Holdaway and Ben Kingsley also shared a Flow of Money diagram to illustrate their points. In this episode, they talked about the Borrowing Power. Once you know how much surplus you have at the end of each month then the next step it to know how high is your borrowing power so you can go ahead and buy an investment property. But it’s not as easy as going into a bank or a mortgage broker and get a loan set up. It’s never easy, isn’t it?

If you are serious about building wealth via property investment, then you need to make sure you plan ahead in terms of choosing the right package and structuring your loan correctly. Listen to this episode to find out more on borrowing power and if you like it, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Episode 003 | Four Pillars of Mastery – Cash Flow Management

In this Episode of The Property Couch, Bryce Holdaway and Ben Kingsley talk about the four areas that each property investor needs to master. Property Investment is not just a transaction. There is a science behind it and in this episode, Bryce and Ben disclose the Property Investment Formula and how an investor can use it. They started off with the most complicated area: Cash Flow Management. Why is it the most complicated? That’s because cash flow management requires a lot of planning, observation and discipline from the investors themselves. In other parts of the Four Pillars of Mastery, you can get help from professionals but in this area, you need to be able to do it yourself because the advisor can only give you an indication not your actual number. Cash flow management demands a lot of time and effort but it is the first step to building your property portfolio and very likely the most important step. Listen to this podcast to find out more.

 

Keen to Get Started with Money SMARTS?

Since we’ve recorded this episode, we’ve published a best-seller book on Money Management called Make Money Simple Again and launched an online platform to help everyday Australians manage their money better. We’ve sold over 10,000 copies of the book and the platform has more than 13,000 active users! If you’re interested to check it out, fill in the form below and create your account on our Money SMARTS Platform now!

Already have an account? Log in here.

 

Below is the Cash Flow Management – Flow of Money chart that was mentioned in this podcast.

Ep 003 - Four Pillars of Mastery - Cash Flow Management - The Property Couch chart 2
If you are enjoying our podcast, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) or our Facebook page. If you have any ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

 

 

 

 

 

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