043 | How to Choose a Mortgage Broker Wisely?

By The Property Couch December 24, 2015 in Podcast

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Merry Christmas! It’s the first Christmas on The Property Couch and Bryce and Ben is definitely in a festive mood. In this podcast they will be sharing some of their stories on mortgage brokers and what role do they play in building a property portfolio.

We’ve spoken about this before in Episode 17 where we talked about the concept of a Personal Banker. In this episode, we’ll list out the criteria to look for when you are thinking about including a mortgage broker into your property team. Yes, it does need to be an investment savvy broker but what else? Bryce and Ben will also be discussing about why loan structure and a sound finance strategy is crucial.

We will also be answering this question from Andrew:
Hi guys, loving the podcast. You’ve talked in past episodes about what to look out for when choosing to engage a property manager for your investment property. Could you discuss how you would go about selecting a mortgage broker? I have utilised the services of mortgage brokers in the past and have found that many of them are purely transactional and only use the big 4 lenders.

If you like this episode, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

039 | Post-Purchase Process for Investment Properties

By The Property Couch November 26, 2015 in Podcast

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As mentioned before, getting the right strategy and perfecting the art of asset selection is crucial to any property investors. But what happens once the contract is signed? This time on The Property Couch, Bryce Holdaway and Ben Kingsley talks about the post-purchase process when buying an investment property.

Bryce started off the podcast with an analogy. Imagine you on board a plane and it’s about to depart. When a plane takes off, from the moment it leaves the tarmac to the point it levels out at 30,000 feet, that’s when it uses most of its fuel. That’s the same with property investors. They use most of their mental fuel when they are going to buy the property but once the deal is done, most often forget that they still have the rest of the journey to complete.

Looking to donate to Ben’s Movember? – Click here

Free resources mentioned in this podcast:

Property manager checklist – Download here

033 | Q&A – Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy and Leasing to Relatives

By The Property Couch October 15, 2015 in Podcast, Q&A

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It’s Q&A time! In this episode, Bryce Holdaway and Ben Kingsley will be addressing some topics on:

Finance related question from Kat : Would you please explain more about using equity? E.g. I heard from a broker that one needs to refinance the loan on the existing property (PPOR or investment) – does this mean the old property and the new one to be purchased are tied together? Some suggest using Line of Credit to get equity out. To assess the equity available, does one first need to pay for a valuation report on the existing property?

Leverage question from Naomi : I am considering selling my investment property in order to pay off the mortgage on my family home leaving me debt free and with the ability to then use all the money I currently pay on the family home mortgage for investment purposes with tax deductible debt. Is this a good strategy? Is there a better alternative you would recommend?

Investing strategy questions from Andy : Investing for demolition and reconstruction vs capital gain. Is it worth buying an older property close to the coast however a little further out from the city to sit on with the view to demolish with a larger land size or to invest in a more expensive smaller property which could be a little closer to the city.

Buying a Home question from Tom : I’d love to hear a podcast on your advice to first home buyers – whether that be best ways to save for the deposit, traps to avoid, or some type of plan for young home buyers – for example I’ve just start work as a property valuer in Melbourne for the last 5 months, and my girlfriend of a few years finishes studies later this year and we have the hopes of buying our first home together in 18 months or so.

Investing question from Andrew : Guys, just wondering what your thoughts are on buying an investment property that is potentially going to be tenanted by a relative? A relative has their lease ending in a few months, and i see this as an opportunity to buy an investment with a secured tenant (all through the proper rental channels i.e REIQ rental agreement). I think the opportunity definitely outweighs the risks. What’s your thoughts?

Other episodes mentioned in this podcast:

Episode 20: Science of Asset Selection – The Buyer’s Decision Quadrant
Episode 23: Exit Strategy in Property Investment
Bryce and Ben’s Book – Pre-order here

If you like this Q&A episode, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Video series: Auction Tips (Part 2)

By Bryce Holdaway September 3, 2015 in Free Resources, Real Estate Agent, Videos

In Episode 27 of this podcast, Bryce and Ben share some of their tips for buying at auction in Australia. This is the second part of the Auction Tips video series.

Bryce 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).

017 | Who’s Your Personal Banker?

By The Property Couch June 26, 2015 in Finance, Podcast

Did you know, to be a great Property Investor…

you need to be great in Finance!

This means you need to understand how to access money, and most importantly, understand how to use Leverage.

Yep that’s right! And to better understand this concept, we’re drilling down into the Borrowing Power pillar, found in our Four Pillars of Mastery framework.

In theory, investors are supposed to be thinking 2 properties or loans in advance, whilst setting up their current property.

Of course, the reason we said, in theory, is because most investors simply don’t know how to achieve this as they lack the knowledge and experience.

So, what happens next?

Well, unfortunately, they go to the bank hoping that the bank or lender will sort it out for them, but what folks forget is…the banker works for the bank!

Bankers typically don’t have the capacity to conduct a thorough analysis of all investors’ loan strategies and structures. It’s kinda like going to the GP and asking them to perform knee surgery (not safe or practical!)

That’s why in today’s episode we’re discussing how to maximise your leverage, the difference between cross-securitisation to stand alone lending (Hint: you should definitely avoid 1 of them)…

AND why you should choose a specialist over generalist EVERY TIME.

We’re also looking at the strategy and structure behind good lending and who your personal banker should be!

Tune in now folks 😊

Free Stuff Mentioned:

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Free Report: 7 Common Mistakes when selecting a Property Loan
Beginner’s Guide to Property Investment Webinar

Here’s some of the gold we cover…

3:30 – Why property is all about finance!
4:33 – Why and how Ben started Empower Wealth…
7:44 – Great lending is based on _____ and ______
9:05 – The motto for using Lenders Mortgage Insurance…
9:50 – Why “drilling the dream down into a goal” is so important?
13:30 – The types of plans we build
14:30 – Cross- collateralisation vs. Standalone lending
16:10 – Examples of both
17:53 – Who is the Personal Banker?
18:35 – Specialist NOT a generalist folks!
20:05 – What your mortgage broker should look like
23:00 – What you can achieve if you get this right!
24:30 – Check out this free report on 7 Common Mistakes When Selecting a Loan!

Free Stuff Mentioned:

Here’s some of the gold we cover…

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