Mistakes Archives - Page 15 of 16

068 | Common complaints we hear from property investors

By The Property Couch June 16, 2016 in Podcast

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It has been some time since our last episode on investing and mindset framework so this time, Bryce and Ben will be unpacking the common complaints they hear from property investors. Here are the top 9!

Wrong asset
No buffer in place
Mentoring was actually salesmanship
Not maximising tax depreciation with Quantity Surveyor
Solo sport
Self property management (Check out Episode 31)
Poor cash flow management (Check out Episode 3)
Not starting early enough
Selling

Apart from that, they will also be sharing some insider information on ‘offers’ they’ve received from property spruikers out there, Labor’s debate on negative gearing and the changes on foreign buyer stamp duty. Also, if you are interested in the BMT Tax Depreciation Application Form mentioned in this podcast, just fill in the form below and we’ll send it to you right away:

Free resources: BMT Tax Depreciation Application Form

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Other resources mentioned in this episode:

Property manager checklist – Download here
Ben’s Money Magazine article – Read here

PS: We’ll also be holding a Live Q&A Event on Wednesday, 29th of June at 8:30 pm. Check out our Facebook page for more information!

If you like this episode (Common complaints we hear from property investors), don’t forget to rate us on 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/

61 | Finding the right property education and renovation tips – Chat with Jane Slack-Smith

By The Property Couch April 28, 2016 in Podcast

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Listeners of The Property Couch would probably know our view on property renovation. If it’s a small project such as a fresh paint, we are all over it but if you are looking at renovating for profit, we always ask our listeners to proceed with caution because a renovation project can be quite daunting for the inexperience.

So this time, Bryce Holdaway and Ben Kingsley invite a close of friend of theirs and a fellow property expert especially when it comes to renovation, Jane Slack-Smith from Your Property Success to share some of her views and tips on property education and renovation! The three of them will be discussing about:

What are the different types of property education or seminar out there
How to ensure you are getting independent views from these seminars
What’s the right mindset when it comes to property renovation
Characteristics of a successful renovator
What considerations and risk that you need to look at prior to starting a renovation project
Property renovation tips for beginners

If you are interested in the 20 Essential Renovating for Profit Tips mentioned in this podcast, just fill in the form below and we’ll send it to you right away:

Free resources: 20 Essential renovating for profit tips

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60 | Building a portfolio through Rentvesting – Chat with Chris Gray

By The Property Couch April 21, 2016 in Podcast

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It’s Episode 60 and we’ve got a special guest on the show today! Bryce and Ben have invited Chris Gray, host of ‘Your Property Empire’, on Sky News Business Channel and CEO of Empire Property to talk about all things property.

Apart from being a property expert, Chris also manages his own property portfolio and is currently a rentvestor. In fact, he has been rentvesting for quite some time. So, drawing from his experience, the three of them will be discussing about:

How did he built his property portfolio through rentvesting
The considerations that an investor will need to think about if they decide to adopt this investment strategy
The required mindset for rentvestors
The scenarios where rentvesting is worth implementing
What kind of expectation you would get from family and friends
How to look at the numbers and ensure your cash flow is taken care of

They will also be discussing about the lessons learned along the way and what they think about the current Australian Property Market. If you are interested in the Capital Growth Break Even Calculator mentioned in this podcast, just fill in the form below and we’ll send it to you right away:

Capital Growth Break Even Calculator

You can also download a copy of Ben’s Money Magazine article here: Download here
If you like this podcast: “Building a portfolio through Rentvesting – Chat with Chris Gray”, 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/

52 | A property investor’s journey and confidence in the Australian residential property market – Chat with Phillip Tarrant

By The Property Couch February 25, 2016 in Podcast, Real life stories

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It’s our One Year Anniversary!! 🙂

Time does pass rather quickly and if you’ve found this podcast from Episode 30 or something, we strongly recommend you to rewind a few episodes and start with Episode One. It used to be 15 minutes, so it wouldn’t take long to catch up.

For today’s episode, we are bringing in Phillip Tarrant, Director and Managing Editor of Sterling Publishing and host for the Smart Property Investment Show Podcast. Apart from his daily job, Phillip is also on the board of Property Investment Professional of Australia (PIPA) with Ben. But Bryce and Ben is not talking about his role in the media industry today. Instead, they are focusing on his journey as a property investor, what triggered him to invest in property, how did he purchase his first investment property and how confident he is with the Australian residential property market. The three of them will also be discussing about the recent 60 Minutes investigation, which air on Channel 9 last Sunday (21/02/2016).

If you like this podcast: “A property investor’s journey and confidence in the Australian residential property market – Chat with Phillip Tarrant”, 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/

046 | Q&A – Things we would have done differently, Buying sight unseen, Tax and purpose of property, Investment grade in regional centres and Joint ventures

By The Property Couch January 14, 2016 in Podcast, Q&A

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We are back on with the Questions and Answer time for our Summer Series. This week, Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners. Thanks again for submitting your questions!

Question from Alex: Aside from getting into property earlier or not selling… knowing what you know now, what 5 things would you both have done differently?

Buying sight unseen questions from Lewis : We are currently living overseas and want to want to move back to Australia in a number of years. Late 20s and want to start buying investment properties in 2016, we have two questions.
1. Best advice for buying property without being able to walk through the property.
2. Best area to buy in Australia if you don’t know where in Oz you want to move back too!

Question on tax implications on property from Chris : A question relating to turning an investment property into a PPR. My partner and I just completed construction of a home which was intended to be an investment property for 5-7 years after which time we were going to move in and make our family home. Situations have changed and we will be able to completely pay off and move into the new house within the next 12 months. Will there be any issues arising from all the tax deductions (ie interest during the build, deprecation etc) Since we will be changing the purpose of the house?

Investment grade for regional properties question from Lou: Loving the podcasts – succinct and very informative so thank you! I’m currently saving for my first investment property and I have a couple of questions. I am considering regional Victoria (as I grew up there) and was wondering how ‘Investment Grade‘ the properties are, particularly along the Vic/NSW border. Should I be looking here or become more ‘borderless’ in my approach? I am looking to purchase in 2016 however I’m concerned with the property cycle, should I hold off another year until the market drops or is it likely to only increase in the short/medium term? I understand you can only give general advice, but I would like to know what the generally suspected trends are.

Joint venture question from Christopher: I am a first time investor and am looking at buying an older federation era home. For a 3 bedroom home of this style you are looking at a purchase price of around the $550,000 mark. Due to an over inflation of new homes, I can see these are the only worthwhile investments for the future as they have generally around the 1000 sq m block at less than a km from the CBD and are rising in value at around 2-3% per year depending on what renovations are performed where they can be anywhere up to 10%. To find these funds I am looking at doing a joint venture with a good mate of mine who is a builder, do the minor renovations without overcapitalising, hold it for maybe 5 years rented out for that period and then sell it for hopefully a decent capital gain. Are joint ventures worth it and will this be a silly strategy for such an old house as depreciation will have been used up already and these older houses can be a pandora’s box once opened up and end up costing way over budget?

Free resources mentioned in this podcast:

Episode 29: Common mistakes when investing in property

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/

Free resources: BMT Tax Depreciation Application Form

Free resources: 20 Essential renovating for profit tips

Capital Growth Break Even Calculator

It’s our One Year Anniversary!! 🙂

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