Portfolio Archives - The Property Couch

Episode 166 | How to Avoid the 7 Common and Costly Settlement Mistakes when Buying a Property – Chat with Nicole Faid

By The Property Couch April 5, 2018 in Case Study, Podcast

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Back by popular demand! We heard from today’s guest back on Episode 107, and joining us again is none other than Nicole Faid, Principal and Founder of Accord Conveyancing, who has handed out accurate legal advice for over 25 years of industry experience! Just a heads up — we covered her awesome back story in that episode, so if you want to hear it (and it’s well worth the listen), go back and check it out!

So — Conveyancing — let’s take the mystery out of it, folks! Because a lot of people out there don’t know what happens once the documents have been handed over to a Conveyancer, especially one like Nicole!

And we jump straight into it, folks! So get pumped for the 7 common & COSTLY mistakes you really DON’T want to make…

(If this episode doesn’t cement the fact that it’s crucial to get a contract review BEFORE you sign, very little will!)

So, let’s hear it. What exactly are you in for?

In a nutshell, what does a conveyancer do?
What is the most important document that underpins a contract?
How many people don’t get the amount of land they thought they would when purchasing a property?
What happens if the discrepancy of this land is less than 5%?
What REAL LIFE EXAMPLE happened in Brunswick? (And how much did this mistake cost the buyer?!)
Why shouldn’t you rely on your own interpretation of “wear and tear”?
Are “back to back settlements” a bad idea?
What happens with the conveyancing rules if you’re a borderless investor?
What is a “caveat”?
If you’re purchasing through a SMSF, what title requirements do you need to be aware of?
What can happen in the settlement period that will seriously shock you?
Why is it important to distinguish between major and minor issues with the settlement process?
When should you conduct a Building and Pest Inspection?
How does the art of negotiation fit into all this?
What is the best risk management?
What do you need to keep in mind with the final inspection?
What is the legal requirement about having a granny flat?!

… Yep, it’s a hairy and very serious episode folks, because the mistakes we talk about in this episode can be VERY EXPENSIVE!!

TODAY’S TEASER:

P.S Missed yesterday’s Facebook Live?

We answered a couple of questions on your lunchbreak (in 15 minutes)!

WATCH it here.

Episode 161 | How to Buy Property Like a Pro – Chat with Veronica Morgan

By The Property Couch March 1, 2018 in Case Study, Podcast

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Want to know how to bag an A grade asset? How about scoring the inside tips Buyers Agents use? If you’re keen to buy property like a pro, today is the show for you!

That’s right, folks! We’re getting down to the nitty gritties of buying… how to nail an auction sale, how not to overspend (very important) and how to think like you’ve been in the game for decades.

Plus, we’re diving into the Sydney property market, picking up some sunken treasures so you can discover the latest, the greatest and the mistakes to avoid!

Joining us is Veronica Morgan — you might recognise her from Foxtel’s Lifestyle Channel, Location Location Location Australia in the days of co-hosting with Bryce — who is the Founder and Principal of Good Deeds Property Buyers, a property buying services specialising the Sydney market. To boot, Veronica is also a QPIA, a clever property investor and key note speaker, industry writer and a repeat guest on the Couch!

So, let’s get take a microscopic view of what a reputed Buyers Agent sees (and does) every single day:

What drove the Sydney property market over the last 5 years?
Why does the split between owner-occupiers and investors matter, and what does it say about the Sydney market?
Are FOMO still impacting the Sydney market and why parents are dangerous in an auction
What trends were happening with Sydney auctions?
What strategies can you use at auction?
How can you “throw the agent” and also escape the control of an auctioneer?
What’s an expensive risk for a buyer?
Why do different types of real estate agents affect buyers?
What’s the problem with not being financed before auction?
What’s the number one thing to look for in a Buyers Agent?
Is it possible to have too many properties in your portfolio?
What is a Buyers Agent and do you need one?
What’s an s66W Certificate?
How do apartments fare in Sydney?
What’s next for the Sydney property market?

Want to hear more from Veronica? Check out Episode 76 | Building a property portfolio after the boom!

Also, make sure you check out our Facebook Live sessions! They’re Q&A Style & only 15 minutes Folks!!

Episode 160 | The Power of Vulnerability when Looking for Advice – Chat with Karla

By The Property Couch February 22, 2018 in Case Study, Podcast, Real life stories

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We’re getting real on the Couch today, folks. So if you’re in the mood for some solid learning, serious authenticity and a powerful view into what it’s like to be on the chair opposite us (or any other professional advisor), today is YOUR Day!

Because in this episode we are introducing a very, very special guest (in more ways than one)…. someone who has personally reached out, sat down and met with one of our advisors…. Karla C.

Except Karla…. she didn’t like what we had to say!

Why?

Well, this is where the power of vulnerability comes in………

[Two words that come to mind: “Profound change.”]

Full disclosure: We normally avoid mentioning our company, folks….. but we’re huge believers in Karla’s story and its benefit to you is too great for us to hold back! Plus, Karla’s “tell all” is a gift needed for life, not just property investment.

Before we unfold the layers of vulnerability though, just a little shout out to those of you WHO LIVE IN SYDNEY & WANT TO WORK WITH US! We’re after experienced Property Investment Advisors, Mortgage Brokers, Financial Planners and, just maybe, Accountants! So if you’re all about helping others, influencing positive and profound change to people’s lives, and the idea of a challenging and rewarding role makes you ticklish with excitement ….. wow us with your resume & cover letter here!

You’re going to hear:

An honest, vulnerable and authentic view from a client’s eyes (and mind)
The difference between expectation and reality
How to pivot your mindset to create profound change
Why being told “what you want to hear” can be more harmful than helpful
If we get advice on our own portfolios……..
The Dos and Don’ts of Property Investing
How to know if you’re ready for professional advice?
The fine line between a dream and a reality check!
What’s worse: procrastination or a bad property investment decision?
How to make a mental decision to move forward
Bryce and Ben’s “light globe moments” in their own journey!
Why a wrong decision(s) can set you back 10 years!
The importance of timing the market and doing the research
Powerful, powerful bullet point — Karla’s key learnings
Some education tips you can try at home
How to choose an advisor wisely
What are the tangible benefits of changing your thinking?

p.s. Really want to learn more about the service that the guys were chatting about? Click here to learn more about Empower Wealth’s Property Investment Advice services.

Episode 157 | 7 Reasons Why Investors Should Think Like Ants

By The Property Couch February 1, 2018 in Podcast

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Folks … we’ve gone a bit creative on today’s episode!!

We want you to think, act and do like …. ants!

Yep. We really do mean those teeny tiny insects…. who would have thought ants would come up in a property investing podcast? But before you ask yourself, “Have we left our marbles somewhere?”, we solemnly swear we’ve got a reason!

Well, 7 actually.

And we reckon you can take something away from today’s crafty, critter-fueled episode … especially if you’re in need a bit of a pick-me-up in the mindset department!
So, before we give you the low down on today’s episode, let’s get to the real talk: The proposed changes to the Residential Tenancies Act.

Yep, it’s causing a bit of a stir after a few disgruntled tenants have had their say ….but it’s now time to have ours. Because these reforms WILL have negative impacts on landlords. Some of the proposed changes include:

Allowing tenants to make non-structural modifications to rental properties, which may include repainting an entire property, installing hooks for picture frames, concreting the backyard or reconfiguring built in robes
Removal of the landlord’s rights to consent to, or refuse, pets
Changes to notice periods around ending a lease, removing the ability for a landlord to serve a 120 Day Notice to Vacate for ‘No Specified Reason’, and removing the option to serve a 60 or 90 Day Notice to Vacate for ‘End of Fixed-term tenancy’ after the initial first term
Capping bonds at one month’s rent where the rent is less than $760 per week. This reform will also apply rent that is paid in advance.

We get that a hook in the wall is one thing.. but concreting a backyard, or painting the walls in lime green, is an entirely different thing. These are our assets, and shouldn’t we have the voice to protect them?

So, The Real Estate Institute of Victoria (REIV) released an online petition calling on the Andrews’ Government to change these proposed reforms to Victoria’s rental laws. We want fairness for both sides.

They need 20,000 signed petitions are needed by 6^th February 2018.

So, if you feel passionate about this and want to make sure your landlord rights remain, you can sign the petition here.

BUT BACK TO THE ANTS & TODAY’S EPISODE….

Did you know that ants can carry 50 times the weight of their body weight?!

Impressive, huh?

This all comes into our 7 reasons why investors should think like ants because:

Ants aren’t intimidated by their workload.

We’ll tell you how this all fits in with property investing, as well as:

How do you break your workload down into achievable goals?
Who can you reach out to for help?
Which five years in your property investment journey matter the most?
How do you balance the art of patience and timing?
How much does selling a property really cost you?
What’s the minimum cash buffer you need?
What can you do to avoid financial stress
Why’s it important to remain flexible?
What should you expect from professional advice?

Enjoy the episode, folks!
Please let us know what you think of today’s episode! (Be honest.)

Episode 154 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 2)

By The Property Couch January 11, 2018 in Podcast

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Alright, folks! It’s that time again… Podcast Day!

And today we’re bringing you PART 2 of our Summer Series on the Foundational Principles of Property Investing, featuring THE best bits of gold from our guests!

So if you’re interested in building a property portfolio in a tough market, learning the key elements of property investing or wouldn’t mind a handful of renovating tips to increase that capital growth……. then this episode’s got it all!

But before we jump in and tell you which FIVE GUESTS are featuring today, we thought we’d slap on a sticky note here that reads:

Remember: $5 is all you need to become a PICA Member!

At the end of the day, it’s important we come together and join forces in protecting our investments, livelihood and ability to determine our own future.

That said, let’s get on with today show!

Featuring in today’s episode include the following guests…

Jane Slack Smith – from Episode 61
Damian Collins – from Episode 73
Veronica Morgan – from Episode 76
Stuart Wemyss – from Episode 81
Dr. Andrew Wilson – from Episode 87

Answering these questions:

What is the Trident Strategy, and how can you use it to build your wealth?
Why does investing for the long term matter?
What do you need to consider when picking an investment grade location?
Where are people incorrectly spending their money on when renovating?
What is the “rule of thumb” to spend on a cosmetic renovation?
Who is your target market if you’re “flipping” properties?
How can you build a property portfolio after a boom?
Why is it crucial to have the right strategy first?
What is the one thing you need to do when structuring your loan?
Why does a mortgage broker need to be a cash flow manager?
What do you need to keep in mind if you’re buying in a rural area?
What is the best predictor of the future?
Why be positive about the property market/ investing in property?
Is interest rate the only thing that matters?
What will we see with the market correction?
How do you know if you’re getting good advice?
What property will always have demand, despite market conditions?
What’s the Future of the Australian Property Market?

Main Menu

Episode 166 | How to Avoid the 7 Common and Costly Settlement Mistakes when Buying a Property – Chat with Nicole Faid

Episode 161 | How to Buy Property Like a Pro – Chat with Veronica Morgan

Episode 160 | The Power of Vulnerability when Looking for Advice – Chat with Karla

Episode 157 | 7 Reasons Why Investors Should Think Like Ants

They need 20,000 signed petitions are needed by 6^th February 2018.

Episode 154 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 2)

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MONEY SMARTS SYSTEM

They need 20,000 signed petitions are needed by 6th February 2018.

Instagram

MONEY SMARTS SYSTEM

They need 20,000 signed petitions are needed by 6^th February 2018.