property professionals Archives - Page 12 of 14

050 | Q&A – Credit card management, professional fees, LOC for negative cash flows, adding value via reno and interest only loans

By The Property Couch February 11, 2016 in Podcast, Q&A

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Only a couple more weeks left to 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!

Credit card management question from Peter on Facebook: Loved reading the book. Quick question, in your Money Smarts section (Chapter 3 of the book) you discuss using your credit card for fixed expenditure. Does that include groceries…assuming groceries doesn’t come under lifestyle? That seems to provide a variable – do you think that is still best? I want to adopt your setup but worry about using a credit card, considering we don’t have one currently. Thoughts?

Professional Fees questions from Andrew : Hey guys, thanks for all the valuable information so far. I have a question in regard to the fees and cost of the property portfolio and buyers agent services. I am a first time investor with limited funds for my purchase, and I am trying to get an idea whether or not I could
- a) even afford the above services and
- b) whether those funds would be better spent contributing to a larger deposit? Can buyers with smaller budgets (sub $400k) still maximise capital growth and rental yield using qualified property advisers and investment savvy buyers agents? Cheers.

Question on line of credit from Christian: Hi Ben, what are your thoughts on using equity and/or a line of credit to fund the negative cash flow on high growth properties?
I know that some other high profile companies are advocates of this strategy. Your thoughts? Would love to hear your thoughts in podcast.

Value add question from Heath: Hi guys, love the show and I am currently up to the Buyer’s decision quadrant in the book and really enjoying it. My question to you is:
I have a recently renovated investment property in Brisbane that is a 3x2x2. We have built in a 4th bedroom downstairs in the existing utility room (legal height, ventilation, windows and power supply etc.) Currently I am speaking to a few building certifiers and engineers etc. to assess whether or not I can get the 4th bedroom certified through council. It’s looking like the certification will cost me around 5k and the difference between the median for 3 & 4 bedrooms in the area is around 60K. Would you think moving forward with this would be feasible? And if so when issued the certificate through the Brisbane council is this something that I would submit to the valuator when they would be doing the inspection?

Repayment question from Joe: I actually just finished reading your book about 30 min ago and I have to say I really enjoyed it. In particular chapter 9 and 10 (investment strategies and the case studies). I found it very easy to follow and understand though I do admit I learn a lot of the terms and phrases from the podcasts. I do have a couple of questions though.
- I noticed that in the case studies the loans were always interest only which is fine and I understand why it’s like that, but is it possible to have Interest only repayments over the course of the entire loan? Surely at some point the bank wants principal paid back.
- This leads me to my second question, during your case studies do you factor in the fees of your service as this would have a noticeable impact on the overall purchasing power of the buyer?

If you like this Q&A episode (Credit card management, professional fees, LOC for negative cash flows, adding value via renovation and interest only loans), 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/

48 | Different investment structures (family trust, company, partnership), CGT and other tax related topics – Chat with Frank Azzopardi

By The Property Couch January 28, 2016 in Podcast

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Our loyal listeners would have noticed by now that every single time a tax related question pops up on the podcast, Bryce and Ben will try and answer it in a general sense (sometimes, probably too general). So, this time on The Property Couch, we have invited Frank Azzopardi from YK Partners to help give a clearer definition when it comes to questions related to tax and property.

Sit tight and be prepared because this episode can be very technical. Some of the issues that they’ve touched on in this episode are:

Investing under trust ie: family trust – what it involves and the tax implications
Investing under a company structure – why people do it and areas to be cautious about
Partnership in property investing – what to expect, difference between partnership with family and friends and types of partnership
Capital gain tax (Capital Gains Tax) and the 6-year rule
Are buyers agent fees and stamp duty tax deductible

Now, please remember that this podcast is general information only and is intended to assist you in understanding the different investment structures and some tax regulations related to Australian property. It is by no means a full representation of all aspects of the property tax and listeners/viewers should not rely on the information provided in this podcast when making their investment decisions. The Property Couch and our guests strongly recommend that listeners/viewers first seek qualified and professional advice to assess their individual and unique circumstances before making any decisions. For more disclaimer, please click here.

If you like this podcast: “Different investment structures (family trust, company, partnership), Capital Gains Tax and other tax related topics”, 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/

036 | Journey of the Property Investment Advisor of the Year

By The Property Couch November 5, 2015 in Podcast, Property Investment, Real life stories

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It’s confirmed! Ben Kingsley is the Property Investment Advisor of the Year 2015 Award! This is the second year we’ve championed the PIA Category of the Reader’s Choice Award organised by Your Investment Property Magazine. But this is not a reflection of an individual’s work. Thanks to all of our team members at Empower Wealth and all of you who had voted for us. We wouldn’t have done it without our customers and loyal listeners ongoing support. To celebrate this win, Bryce will be asking Ben to share some of his personal journey on:

His daily role as a Property Investment Advisor and his thought process when assisting clients in building a wealthier tomorrow
Some of the lessons he has learned along the way as an investor and an advisor
How to look for an independent professional and more

Resources mentioned in this podcast:

The Armchair Guide to Property Investing (Discount code: TPC) – Pre-order here
Join Ben’s Movember cause – Join/Donate here

If you like this episode (Journey of the Property Investment Advisor of the Year) , 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/

031 (Part 2) | Checklist to Getting A Great Property Manager – Chat with Carolyn Wright

By The Property Couch October 1, 2015 in Podcast

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In this second part of Episode 31 with Carolyn Wright from Your Property Manager, we look at one of our listeners’ question on managing rental through the property manager, what to expect and how to deal with queries for maintenance.

As mentioned in Part 1, getting a good or bad property manager can make a big impact on your wealth position but what are the characteristics of a good property manager? Our hosts and Carolyn list out some of the key roles that a property manager should be doing and what kind of expectations investor should have when finding one. The first tip on this part is setting up the right rental rates. Property managers are in the market all the time, meeting both investors and tenants and having access to tools that provide those data. A good property manager will know what rate to list your property at that would make sure you get a fair market value and minimise your vacancy rate. Listen to this podcast to find out the rest of the checklist.

Free resources mentioned in this podcast:

Reasons why you should hire a Property Manager – Download here
Fear/Procrastination vs. Greed – The Balancing Act

If you like this podcast: “Checklist to Getting A Great Property Manager – Chat with Carolyn Wright”, 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/

031 (Part 1) | Story of an Investor and Lessons Learnt along the Way – Chat with Carolyn Wright

By The Property Couch October 1, 2015 in Podcast

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This week on the Property Couch, we’ve invited Carolyn Wright from Your Property Manager to talk about her own personal experience as a property investor. Bryce and Ben will also be sharing the lessons that most property investors learn along the way, particularly during the post purchase process.

Getting a property portfolio plan and buying an investment property is only half of the whole journey. At the end of the day, if tenants aren’t moving in, then you could potentially be facing a fair amount of out-of-pocket expenses. That is why having a property manager and understanding the process that they go through is important. Unfortunately, a lot of investors feel otherwise. Start listening to this podcast to find out what our hosts and Carolyn have gone through both as property investors themselves and in their professional role.

>> Episode 031 (Part 2) | – Checklist to Getting A Great Property Manager

If you like this podcast: “Story of an Investor and Investing Lessons Learnt along the Way – Chat with Carolyn Wright”, 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/

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