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(LIVE) The Early Warning Sign: Where Most Investors Go Wrong With FOMO!

Do you recognise this early warning sign!?!

Yep. Straight from the studio, we’re unpacking “The Early Warning Sign: Where Most Investors Go Wrong With FOMO!”

We’ll be honest with ya folks… this one’s a killer. ☠ And will cost you a LOT of money!

So if you can hear this warning bell (and you should be able to hear it a mile away!)…  STOP. 🛑✋

Like, immediately Stop.

… ‘Cos chances are you might be acting out of FOMO – Fear Of Missing Out.

And this is NO reason to invest in property!!!

🚫🚫🚫


Here’s just a bit of what we cover:

👉 What’s “The Early Warning Sign” most investors foolishly ignore!?!
👉 How many properties do you need to create a passive income?
👉 How to invest without sacrificing the family budget!
👉 The lending tweak that will allow you to easily service multiple home loans
👉 Established vs New Property
👉 Borderless Buying: What is it & should every property investor be a borderless buyer?
👉 Interest Only vs Principle & Interest Loans
👉 Is now a good time to buy property?
👉 The biggest tip to avoid FOMO!
👉 What do some of the BEST investors have to share?
👉 The Power of Land Value: The Recent Property That Got 13 – 14% Compounding Returns!

 

… Tune in now to get the gold!

 

Resources Mentioned:

 

Episodes Mentioned:

 

 

 

 

 

 

 

 

 

Free Report: 10 FOMO Mistakes Investors Make

There’s no doubt about it – the “Great Australian BBQ Topic” (aka PROPERTY) is on steroids right now…!

Thanks to a combination of low-interest rates, rising property prices, and a lack of supply in the market…. we’ve got a PERFECT STORM for FOMO on our hands!

FOMO = Fear Of Missing Out.

And there are TEN Top FOMO Mistakes investors make… that are specific to this CURRENT property market!

So if you’re a property investor or home buyer, please make sure you familiarise yourself with all of the mistakes outlined in this new free report so you don’t fall prey to ignorance and FOMO!

Remember…. Property Investing is a PROCESS, not an event.

Fill in the form below and we’ll email you the 10 FOMO Mistakes Investors Make report right away!


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Episode 333 | Are We Property Spruikers?

Right. Let’s have the uncomfortable conversation – is The Property Couch just a platform for another couple of Spruikers to push property on you!?!

Look, we get it… this is a fair question to ask. One we recently received recently from a listener! And, who knows, maybe it might even be something weighing on the back of your mind as well.

So… Are we Property Spruikers?

Listen now, and you’ll hear our answer… we’ll leave it in your court to decide what you believe to be true.

Just a heads up – this is a Q&A episode, folks! So, while we definitely strip down to the bare bones on whether or not we are Spruikers, we’ve also got a couple of other themes in store for you…

 

 

Free Stuff Mentioned

 

The questions we answer…

Question about “Are WE Property Spruikers?” from Daniel/RIPPAA

Massive fan of your show, which leads me to my questions regarding in particular Episode 325 – How to buy on a hot property market.

Listening to your show for quite a while, I’ve found that you guys always seem to advocate for property being an effective means of investing. However, sure you’ve got to be in a point in time where that is not the case. Investing in shares & stocks, generally speaking was probably not the best idea, what about property? You guys have done episodes on warning against spruikers and so I’ve been having concerns about, “What about The Property Couch then – does it fall under that category?”

However, until you guys did this recent episode 325, which to be honest was very refreshing to hear that acknowledgement of you guys just really giving that message of warning of cautioning I should say against buying at this point in time which I really appreciate,

that message of you guys caring about the community really came through. So my question is when do you guys see, at least a minimum point in time, until which the market is gonna change and sort of calm down a bit?

 

Question about Land Tax from Bruce Adkins

Hi Bryce and Ben. My question is about land tax. After starting out with a passive ‘buy any hold’ strategy, and then moving on to some renovations. I have finally landed on a strategy 3 or 4 years ago of buying splitter blocks, knocking down the existing house, subdividing into 2 or 3 lots, and then building new homes on each lot. When I can afford to, I keep the new houses and rent them out I do. Occasionally I need to sell one or more of the houses to assist with cashflow, or to help fund the next project. All my properties are in Brisbane and surrounding areas as I feel the need to touch and feel the sites and keep an eye on construction, etc. Early in my property investing journey I did invest in a location distant from my home. After a little bit of research and a quick flight to inspect, I purchased the property and the whole experience was a disaster, made worse by not being around when things went wrong. This experience convinced me that I need to invest in my own backyard, and my current, more active investment strategy reinforces the need to invest locally.

My current portfolio is now more than a dozen properties with an unimproved land value of around $8 million, and the annual land tax bill is really starting to hurt.

Apart from investing in different States (which I will find hard to get my head around), Do you have any other strategies for minimising the land tax impact of a large and growing portfolio?

I love your podcasts and would love any ideas you have for easing the sting of land tax.

 

 

Question on Lenders Mortgage Insurance (LMI) from  Francis Rivero

Not really a question but I would like to hear your thoughts on the following:

My wife and I bought a PPR in November 2018.

  • Purchase price – $345,000
  • LVR – 90%
  • LMI – $9700

Through making extra repayments and recovering a strong valuation result yesterday ($420,000) we are now sitting at 72% LVR just 2 years later. I realise this is just the way it is but I can’t help feeling like $9700 is a huge amount of money to pay in order to protect the bank for such a short time. Fair enough if we are still 5 years off getting down below 80% but I’m sure this happens to lots of people who buy well and are diligent with their money. Like I said, no specific question but would love to get your take on this.

 

Question on Being Gazumped from Matt Rose

Hi Ben, Bryce and the great Stig. I’m looking for some advice as my wife and I have been left disillusioned by the property system while trying to buy our 2nd investment property, this time in Melbourne.

The sequence of events went like this – we put in an offer on contract and put down 5% deposit, the agent phoned to say the owner has accepted, the agent then proceeded to shop our offer around telling everyone our exact price, the agent then entered into some sort of silent blind auction and sold it to someone else last night without coming back to us on the new price even though they told everyone else our price. Is this illegal or unethical and if not, how do we as a community vote to put better rules in place to protect the consumer?

 

 

 

 

6 Reasons Why The Property Market Did NOT Collapse During COVID-19! – Bonusisode with Nerida

Folks, wanna know the SIX reasons why Australia’s property market didn’t “plummet” during a global pandemic…. even when so many commentators suggested otherwise!?!👇

We’re checking in with Nerida Conisbee, Chief Economist at REA Group and she’s going to tell you exactly why… and the key risks we still have to keep an eye on as we move into 2021!

 

A Hint on The 6 Reasons… (see if you guess right 😉)

1️⃣ __ are being __ for now

2️⃣ Unemployment primarily impacting __

3️⃣ __ __ have slowed

4️⃣ Some __ __ are faring well

5️⃣ Less overall __

6️⃣ Record level of Govt stimulus, such as __

 

Tune in now to Get ALL 6 Reasons and the latest update on…

🔸 Biggest risks to undermine Australia’s economic recovery

🔸 China /Australia Relations – who’ll blink first?

🔸 When’s the MOST auctions happening!?

🔸 How did so many commentators get it WRONG?

🔸 Where are First Home Buyers going?

🔸 How second homes might drive the post-COVID housing boom

🔸 The star suburb performer in NSW this year in

🔸 Commercial property investment from UK and German funds

🔸 Australian luxury property defies the downturn and global trend

🔸 Property Market Predictions For 2021

 

 

 

Episode 313 | Investing Since 1967: How This Legend Outperformed The Marketplace By A Whopping 7.1%! – Chat with Jock Bing

Want to hear a property masterclass from one of the best of the best in the industry?! And what if we told you this guest has not only been investing since 1967… but also OUTPERFORMED the marketplace by a whopping 7.1% during this time?

That’s right… today’s guest is one of the LEGENDS in property investing – one of the first EVER Buyers Agents in the country, in fact – and all of the properties he’s purchased for his clients have been scrutinised over a 47-Year Review… and their growth performance EXCEEDED the entire marketplace!

So how did he do it?! And, crucially, where and what properties did he buy to get such a phenomenal return on investment?!

Introducing Jock Bing, Executive Director and CEO of Portfolio Property Management Services – a property investment, buyers advocacy and management firm that Jock founded back in 1967!! Yes, he is one of the trailblazers who invested in property WAAY before it was ever a “thing”… and guided others to do the same; getting them a ripper of a return in the process!

With over fifty years of in-the-trenches experiences, Jock has an enormous amount of wisdom to share… and we feel very fortunate to speak with someone who doesn’t just have longevity in the game, but is one the great pioneers and thought leaders in the property investment industry!

Fun Fact: Jock has actually been one of Ben’s personal mentors throughout his own investment journey… and we’ve been trying to convince Jock to come on to The Couch for some time 🤣… ‘cos the insights this man has is Nothing But Pure Gold.

Boy, oh boy, oh boy… strap yourselves in for a Property Investment Masterclass, folks… you’re about to have your mind blown!

Also – if you wanted to get more information on our Start & Build course, you can get the Limited-Time Discount on Start & Build here. (Discount ends on 22/11/20)

 

Stuff Mentioned…

 

Here’s What We Cover…

  • Who is Jock Bing?!
  • What was the property market like back in 1967?
  • How did he come up of the idea of investing in property?
  • Who lent money to property investors in the beginning?
  • How much were properties back then?
  • How did he get people to invest in property when it wasn’t really “a thing” yet?
  • What did this process look like?
  • Why did he NOT go for the new properties?
  • What suburbs were they buying in and why?!
  • The Why and How of attracting university students
  • What does Jock see happening to the future of the property marketv?
  • What does “investing in an apartment” really mean?
  • Why did Jock say NO to Spruikers?
  • The Sydney and Melbourne Market shift…
  • The rationale behind investing in existing properties…
  • What was the appeal of artisan/workers cottages?
  • How do you attract a higher quality tenant in a suburb that’s in the process of gentrification?
  • The FOUR Things You Need To Consider In An Investment Property
  • When did it pivot from 60 – 66% deposits with solicitors to 80% funding with banks and then using existing equity to get 105%?
  • How did the introduction Capital Gains Tax affect property investors?
  • Why did he take the long term approach to property investing?
  • How many properties was he purchasing for each client?
  • What would Jock do differently? Would he do anything differently?
  • The implications of investing in property on main roads and compromised areas…
  • … Did someone say “NSW reform to Stamp Duty”?!

 

 

 

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