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016 (Part 2) | The 5 Essential Steps to Property Investing in Australia

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)  

Ep 16 The Property Couch - 5 Essential Steps to Property Investing in Australia Part 2

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!  

 

Free Stuff Mentioned:  

  • Ep 3: Cash Flow Management
  • Ep 4: Borrowing Power
  • Ep 5: Asset Selection
  • Ep 6: Defence
  • Episode 016 | (Part 1) The 5 Essential Steps to Property Investing in Australia
  • Check our Empower Wealth’s Property Portfolio Plan
  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics!
  • Here’s what it looks like inside!!

    What to expect in this 90-pages long Cheatsheet? 

    • The Foundational Knowledge in each of the First 20 Episodes
    • The Absolute GOLD that you should not miss out on!
    • Short snippets of quotes from Bryce and Ben that makes all the difference
    • Links to all the Free Resources that they mention in those episodes
    • Additional bonuses that will help you in understanding the Fundamentals more!
    • And of course… Charts and graphs that you can’t find on the podcast!

     

    Interested? Fill in the form below and we’ll email it to you right away.


    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 0:40 – It’s all strategy and tactics folks… 
  • 1:01 – How can you develop the best investment strategy for you? (And how we can help you!)  
  • 2:48 – The footy equivalent of what we’re teaching  
  • 3:41 – Plan to become, what you plan to become! 
  • 5:39 – What you need to factor into your plans… 
  • 6:38 – This part’s for those folks who want to do their own plan! (How we do it)  
  • 7:50 – Why Ben created Empower Wealth’s simulation software  
  • 9:39 – The #1st Key Metric in Ben’s software 
  • 10:26 – The #2nd Key Metric in Ben’s software (And why it’s so important!)  
  • 12:34 – Step 4 in our framework  
  • 15:50 – Step 5! (What often happens without a plan…)  
  • 17:38 – What happens when you DO have a plan!  
  • 18:18 – Great property investments only require HOW much time?!  
  • 20:31 – We’ve done a…webinar?! Plus a bonus you can get!  

 

016 (Part 1) | The 5 Essential Steps to Property Investing in Australia

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… 

  1. Clarify (Understanding your financial and personal story, and your properties’ potential)  
  2. Evaluate (This is the art of understanding your cash flow – basically, crunching those numbers)  
  3. Plan (Putting a written plan into place)  

Ep 16 The Property Couch - 5 Essential Steps to Property Investing in Australia

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

 

Free Stuff Mentioned:  

  • Ep 3: Cash Flow Management
  • Ep 4: Borrowing Power
  • Ep 5: Asset Selection
  • Ep 6: Defence
  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics!
  • Here’s what it looks like inside!!

    What to expect in this 90-pages long Cheatsheet? 

    • The Foundational Knowledge in each of the First 20 Episodes
    • The Absolute GOLD that you should not miss out on!
    • Short snippets of quotes from Bryce and Ben that makes all the difference
    • Links to all the Free Resources that they mention in those episodes
    • Additional bonuses that will help you in understanding the Fundamentals more!
    • And of course… Charts and graphs that you can’t find on the podcast!

     

    Interested? Fill in the form below and we’ll email it to you right away.


    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 0:55 – This 80-year-old has an interesting story…. 
  • 3:50 – Why you should start listening The Property Couch from the start!  
  • 5:12 – What we aim to do through this podcast…  
  • 7:00 – People spend THOUSANDS on this (and we’re giving it to you for free!!)  
  • 7:52 – The Microscope challenge property investors face   
  • 8:57 – The smart ones know THIS 
  • 10:00 – Lesson #1: CLARIFY  
  • 12:00 – Begin with the _____ in mind!  
  • 13:35 – Lesson #2: EVALUATE 
  • 14:00 – Why it’s the art of understanding… 
  • 15:45 – Why our simulator is so beneficial 
  • 16:27 – The 3 areas your money MUST cover… 
  • 16:57 – Real case study: Should we invest or buy a family home?  
  • 18:11 – Lesson #3 PLAN  
  • 19:00 – Why you should RUN if a property investment advisor asks you “Have you set up a self-managed super fund?”  
  • 19:35 – An interesting commentary on “solving” property spruikers 

 

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. 

 

Top 10 Suburbs in Sydney in 2003 and what happened to them in 2007?

As mentioned on Episode 14 (Should we buy in a Boom & are we in a Property Bubble?), here’s Ben’s report on the Top 10 Suburbs in Sydney in 2003 and what happened to them in 2007? To help our listeners understand the report, Ben Kingsley has also prepared a short presentation to further explain what the data means and how we analyse them. The data in this report is from Core Logic and the analysis of the data is by the Property Research Division at Empower Wealth. If you would like to discuss about this report in further details, please do not hesitate to contact us at [email protected].

 

 

Click on the image below to download the free report (Top 10 Suburbs in Sydney in 2003 and what happened to them in 2007?) now.

BK - Top 10 Suburbs in Sydney in 2003 and what happened to them in 2007

 

 

 

Ben Kingsley - Quote of the Day - The property couch Ben Kingsley – CEO & Founder; Property Investment Analyst and Advisor and current Chair of PIPA

Ben Kingsley is the Founding Director of Empower Wealth and Chair of Property Investment Professionals of Australia (PIPA). A qualified Property Investment Advisor (QPIA), Ben holds a Real Estate Agency License (QLD), a Diploma of Finance and Mortgage Broking Management, a Diploma of Business and has become one of Australia’s leading experts in property investing for wealth creation.

013 | Buy an investment property and continue renting or buy a home – Q&A Day!

Right off the bat folks, a big THANK YOU to our listeners for all the questions they’ve sent in!  

We’re excited to be answering a BUNCH of great questions in our FIRST EVER Q&A session!

We’ll be covering a lot of ground, from the crucial conversations you should be having before making ANY decisions to the type of research and data that’ll help you determine the best option for you. 📈

We’re also sharing our thoughts on the Government’s policies on negative and positive gearing, and explaining why removing negative gearing is actually a terrible idea! 

Once again thank you to all our question submitters, we’re glad that this podcast has inspired you and we had tons of fun recording this one!   

Listen in now folks, plenty of gold to help you make the right decisions.  

P.s. In the future we are hoping to answer ALL of your questions, so please keep sending them in!  

 

The Questions…

Dan 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?”

 

Free Stuff Mentioned:  

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which shows you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away! 

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 0:37 – Dan and Ryan’s Question  
  • 2:15 – What you need to analyse first!  
  • 4:00 – Why you SHOULD consider renting in a lifestyle location  
  • 5:25 – The conversation you need to have… 
  • 6:21 – Leah’s Question  
  • 7:07 – The fundamentals of gearing  
  • 8:35 – What we predict for the future of negative gearing policy… 
  • 9:10 – How the Government gets its revenue 
  • 9:42 – Our questions to the Government on positive gearing tax  
  • 10:35 – Why removing negative gearing doesn’t work!  
  • 12:50 – How do you diversify your portfolio?  
  • 15:03 – Mark’s Question  
  • 15:45 – Where and how you can find the income story!  
  • 17:00 – Why you should focus on small blocks  
  • 18:29 – ALL the data we use  
  • 20:00 – When is it best to have a granny flat?  
  • 21:23 – Some gold from Bryce!  

 

011 | Property Spruikers

We’ve got four words when it comes to property spruikers folks:   

Run for the hills! 🏃🏃 

Today’s topic is something we’re extremely passionate about which is why we’re focusing an entire episode on it!!   

Too often we’ve heard of “sharks in suits” who have no proper training…  

Giving terrible financial advice that can cripple folks’ wealth and make that lifestyle dream, well, a dream.   

In fact – hearing about these people are why we started this podcast in the first place!   

To help you avoid falling into the same situation, today’s episode will define who Property Spruikers are, what they do and why they even exist!   

More importantly, though, we’re covering HOW you can avoid them!   

We’ll be providing you with industry intel so you can also identify the main tactics they use (As you’ll hear with some spruiker “educators”…)   

AND we’ll explain how property advisors will act when they really have your best interests at heart!   

Did you know that Australia’s peak industry body, the Property Investment Professionals of Australia (PIPA) can also help you verify your buyers’ agent if they’re a PIPA member?   

Yep, that’s right folks!   

There are plenty of good tactics that you can use to stay away from the sharks; to find out more just tune in to today’s episode.  

 

Free Stuff Mentioned:  

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which shows you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away! 

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.
  • Watch Ben’s commentary on the recent rate cuts here.
  • 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. You can learn more about our free and no-obligation initial consultation here.

 

Here’s some of the gold we cover…

  • 1:20 – What we’re NOT against… 
  • 2:15 – The problem with Property Spruikers  
  • 4:18 – Our message to beginner investors!  
  • 4:47 – How to get objective property advice  
  • 5:59 – What a true property advisor will do 
  • 6:19 – So, what are Property Spruikers? 
  • 6:36 – The Property Spruiker’s “argument” (and why it doesn’t work!)  
  • 7:43 – A sad real-life example folks 🙁  
  • 8:33 – 1 way to tell you’re dealing with a Property Spruiker 
  • 9:10 – Why do Spruikers exist?  
  • 9:55 – #3 Spruiker tactics!  
  • 11:33 – Beware the “educational” spruikers!  
  • 12:15 – How to verify a legitimate property educator  
  • 13:30 – The miner vs the shovel seller analogy 
  • 14:14 – Spruikers will use rental ______  
  • 15:40 – “There’s no such thing as a free lunch!”  
  • 16:47 – You gotta ask THESE questions  
  • 18:00 – How the Property Investment Professionals of Australia (PIPA) can help you avoid spruikers  
  • 19:35 – What is two-tier marketing?  
  • 21:51 – How to avoid spruikers!  
  • 22:42 – Check out Ben’s commentary on the RBA cash rate!  

 

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