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Episode 343 | “Pass Go & Collect $200” – 6 Property Lessons From Monopoly!

Ah, Monopoly – the classic board game… chances are you’ve got fond (or maybe even frustrated?) flashbacks playing it…

[… Nothing quite like the feeling of “Passing Go”, getting a quick cashflow lift, and then proceeding to bankrupt your loved ones in a friendly-but-no-so-friendly game of Monopoly… 😅]

Well folks, Did You Knowthe 100-year-old property-trading game actually has 6 Proven Property Lessons that you can (and should!) apply in real life!!

Yep. And here’s the deal… today we’re unpacking exactly how you can apply these key lessons from Monopoly to YOUR own lifestyle design!

Look, this episode’s a bit of fun BUT, most importantly, is full of timeless takeaways that’ll shake up the way you look at property investing… (and help cement the wisdom!)

 

Can You Guess The 6 Property Lessons…? 👇

  1. Always Be __
  2. The Most __ __ Is Not The Best
  3. Focus on __
  4. __ Your Investments
  5. __ Matters
  6. __ __ Is The Key

 

Tune in now to get the answers!

 

Free Stuff Mentioned

 

Here’s A Bit Of What We Cover…

  • 02:49 – Your BIGGEST Competitive Advantage!
  • 04:24 – Wait, you’ve NEVER heard of Monopoly..!?!
  • 05:43 – Bryce first thought you had to do THIS when negotiating…
  • 07:46 – LESSON 1: Always Be __
  • 08:39 – Trying to buy everything you land on… (and The Meltdown!)
  • 11:43 – How to Hack Probability WITHOUT Gambling…
  • 13:09 – Things we ask ourselves BEFORE we purchase anywhere
  • 13:22 – Can you get it right 100% of the time!?!
  • 14:17 – The block of dirt Ben almost bought…
  • 15:14 – LESSON 2: The Most __ __ Is Not The Best
  • 15:28 – When you’re caught up trying to buy Mayfair and Park Lane…
  • 17:48 – The most expensive properties on Monopoly… but in Australia!
  • 19:55 – LESSON 3: Focus on __
  • 20:18 – How to recover when you pick The Unlucky “Chance” Card
  • 23:20 – When the borrower is at the mercy of the lender…
  • 25:06 – The BIG yield between the “red” and the “blue” properties!
  • 25:47 – LESSON 4: __ Your Investments
  • 28:26 – What Monopoly teaches us about BORDERLESS investing…
  • 32:19 – LESSON 5: __ Matters
  • 32:45 – What squares are MOST landed on in Monopoly? (And what does this hint at when you invest in property…?)
  • 37:19 – LESSON 6: __ __ Is The Key!
  • 40:32 – Robert Kiyosaki’s cashflow game…
  • 43:42 – What the creators of Monopoly quickly realised…
  • 44:38 – 7 reasons why playing Monopoly is a great for kids!
  • 46:42 – Bryce’s version of Monopoly at home (LOL)
  • 46:57 – The Reality of Retirement WITHOUT a passive income…

 

 

Episode 230 | From Residential to Commercial Investing: How this guy quit his Day Job at 28 – Chat with Scott O’Neill

Folks, if you’ve sussed out the title, you’ll know that today we’re visiting a space we don’t normally explore — and that’s investing in COMMERCIAL property!

If you’re a regular listener, you’ve definitely cottoned on to the fact that we obviously have an agenda towards residential investing (we figure everyone needs somewhere to live)…  BUT our bias doesn’t necessarily mean that you can’t reach success by other means of investing.

And walking proof of this is Scott O’Neill, Founder and Director of Rethink Investing who is an experienced and active investor who was able to RETIRE FROM HIS DAY JOB AT 28! Yep, VERY impressive. And he did it by investing in both residential property AND commercial property — mostly including well-selected unit blocks and small business that’ll likely be around for years to come.

With a portfolio of 28 properties (yep, the same number as the age he threw in the towel as an engineer), Scott’s passion and commitment has paid off in spades — he and his wife were able to take a 6 month sabbatical from working life and do nothing but travel Europe until, as it so happened, they grew bored of it and decided to teach others how to reach the same success instead!

So today we’re traversing Scott’s journey from residential to commercial property and picking up some pebbles of gold for you along the way:-)

Before we kick off what you’ll learn, here’s the bonus resources we mentioned in today’s show:

And here’s what you’ll learn:

SPECIFIC TO COMMERCIAL INVESTING…

  • When did he make the switch to commercial real estate?
  • How are commercial and residential investing different?
  • What do you look at to get a good tenant?
  • What’s positive about investing in commercial property?
  • Can you still get capital growth?
  • What’s the typical price point to get into commercial investing?
  • What are the current LVRs on commercial real estate?
  • What yield does he aim to get?
  • How long can it take you to pay off a commercial property?
  • What are the fees to get advice in this area?
  • What commercial properties DOESN’T  he like investing in?
  • What size commercial properties can start to see more vacancy rates?
  • What happens if digital business keep increasing?

THE WHOLE STORY…

  • What started Neil’s interest in investing?
  • How old was he when he bought his first property?
  • Were there many property investment mistakes along the way?
  • How could he sustain this many properties from a cash flow perspective?
  • THE BIGGIE… Would Scott have been able to achieve all this in the current environment?
  • How do Strata-titled properties work?
  • What was fueling his confidence?
  • How did he get funding to invest in so many unit blocks?
  • How much do these sub-divisions normally cost?
  • Where did he invest?
  • Why was it crucial he remained a Rentvestor for so long?
  • Did he have to sell any of his properties to buy his family home?
  • What did he learn about when to get preapproval on his PPOR?

P.s. Don’t forget to join our Book Giveaway below!

Episode 013 | Questions and Answers

Thanks to all our listeners questions about Property Investment in Australia! They are great point of views and we are glad that the podcast is inspiring you in different ways. So for today’s episode, Bryce Holdaway and Ben Kingsley will be addressing questions from:

  • Ep 013 - Q&A 1- The Property Couch Podcast - Property investing in Australia - Buy an investment propertyDan and Ryan : Should we buy an investment property in a high growth location and keep renting, or move a bit further out and get something we can afford?
  • Leah : Do you think the tax rules around negative gearing will change in the future, so as not to benefit those investing in multiple properties and how do you diversify your portfolio?
  • Mark : How do you identify high disposable income suburbs and if you’re buying in a block of units, how do you work out if there are more owner occupiers than renters in the building and area? Also, what do you think about dual living homes ie: granny flats?

 

We are hoping to answer all of our listeners questions in time. If you like this podcast: “Why Invest in Property?”, don’t forget to rate us at 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: http://tpcaustralia.wpengine.com/topics/

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