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Money Magazine: Earn $55k a year in rental income

The Property Couch Money magazineEarn 55k in rental incomeThe highly anticipated Money Magazine cover story is here! Thanks to all you who have expressed their interests to download this article. As mentioned in previous podcasts, Bryce and the team at Empower Wealth are thrilled to contribute to this article. As the title “Earn $55k a year in rental income” suggested, this article explains how you can retire on a passive income from a well-designed property portfolio. There are three scenarios mentioned in this article:

  • Early 30s, single, renting and doesn’t own any properties
  • Early 40s couple with two young children and their own home
  • Late 40s, divorcee with a working teenager and her own home

 

Click on the image to download now. Once you’ve read it, let us know what you think or if you have any questions!

022 | Q&A – Building & Pest Inspection, Rentvesting and Next Wage Growth Hotspot

Its Questions and Answers time! Thanks for all the suggestions on new topics to cover in this podcast. For today’s episode, Bryce Holdaway and Ben Kingsley will be addressing questions from:

  • Building and Pest Inspection question from Mark : How do I find a good quality building and pest inspector and with the property market being so hot with auctions at the moment, how do I ensure I don’t burn through my deposit money when constantly missing out at auctions?  I could end up wasting thousands on inspections until I actually win at auction! Should I try doing it myself and find a friend or family member with some building knowledge or use one of the smartphone apps?
  • Rentvesting question from Ryan : What are your thoughts on the property investor him or herself to buy and live in their own PPR or to rent? Obviously both have advantages, a place to call home or the ability to keep investing with out loosing potential borrowing capacity.
  • Next Wage Growth Hotspot from David : As mentioned on previous podcasts, investors will want to avoid “glass ceilings” in terms of capped wage growth in certain areas.  Given the changing Australian economy (more knowledge-based), are there particular areas of Australia in which you expect to see wage growth occurring?

 

If you would like to access The Property Couch’s media kit, please email us here: [email protected].

 

Resources mentioned in this podcast:

 

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. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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. 

 

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!  

 

004 | Four Pillars of Mastery – Borrowing Power

This may be one of the most important factors when investing in property… 

Continuing with our “ABCD” Property Investment Formula which all property investors should master, we’re advancing to B for Borrowing Power!! 

Folks, now that you know how much surplus you have at the end of each month (thanks to the previous episode on Cash Flow Management), the next step is knowing YOUR borrowing power! 

Did you know that having higher borrowing power can greatly increase your accumulated wealth?  

But it’s not always as simple as going to your bank or mortgage broker to set up a loan…

 In fact, many unseen factors can create unwanted “glass ceilings”.  

We’ll cover how to recognise the signs of Borrowing Power and more importantly HOW to increase yours… 

PLUS, we’re unpacking INCOME: how does it affect your suburb’s desirability and value growth, and when did income and property value even become linked?! 

👉 Tune in for the gold!  

 

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…

  • 1:55 – What is Borrowing power (and why is it so important?!)  
  • 3:34 – Don’t make this couple’s mistake! 
  • 4:55 – The relationship between borrowing power and prices  
  • 7:00 – Who actually sets the market price?  
  • 7:38 – The signs of Borrowing Power!  
  • 8:00 – How do occupants affect their suburb’s value?  
  • 10:07 – The rise of The Great Australian Dream!  
  • 11:11 – The 1970s saw THIS positive change 
  • 11:53 – The 1990s, however, were… 
  • 12:40 – Why income is SO important! 
  • 14:34 – Leverage decides ____ class  
  • 15:54 – What is Cash-on-Cash returns?  
  • 16:50 – Cash Flow Management and SENSIBLE Gearing!  
  • 18:00 – How to increase YOUR borrowing power   

 

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