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251 | What’s NOT Going To Change in Property Investing?

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We all love questioning what the future holds and speculating on what’s in store for us. And, of course, investing in property is no different. But the thing is… is it helpful to put all that emphasis on the things we can’t control?

See, today’s episode is all about looking through the lens of this quote by Amazon Founder and one of the richest men in the world, Jeff Bezos…

 

“I very frequently get the question, ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question: ‘What’s not going to change in the next 10 years?’ And I submit to you that that second question is actually the more important of the two — because you can build a business strategy around the things that are stable in time.” Jeff Bezos, Amazon Founder

 

Folks, when we ask ourselves “What’s NOT Going to Change in Property Investing?” we are actually asking ourselves a higher quality question. And this higher quality question not only helps us to see things more clearly and make smart chess moves, but also, it empowers us to remain the ones in charge despite what future changes occur.

So… what’s always gonna be the same in property a decade from now? Or 20 years from now? Or 40? What are the things that’ll always influence property prices?

Well, tune in folks… and we’ll tell you exactly what’s NOT going to change in property investing!

 

Free Stuff Mentioned…

 

The Top Highlights…

  • Realistically, will property prices always grow?
  • What type of infrastructure coming into an area does NOT always mean gentrification?
  • Which human behaviour traits will always occur, no matter what?
  • What’s going to happen to Property Spruikers with their “get rich quick schemes”?
  • What specific things are NOT going to change in property investing???

250 | Roger Montgomery – Chat with Australia’s Warren Buffett

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Warren Buffett is probably the greatest investor in the world. And when we say “probably” we really mean “is”.

Buffett is estimated to be worth $US83 billion (not including the billions he’s already given away to charity) and, yep, he did make the majority of his wealth after his 50th birthday.

The question is…HOW did he become a self-made billionaire???

Value-investing!

In other words: he invested in stocks that were priced for LESS than their true worth. And he held onto them for the long term. That’s it.

So as a very special treat for OUR 250th EPISODE…WE’VE GOT “AUSTRALIA’S WARREN BUFFETT” in the house!

Today’s guest is none other than:

Roger Montgomery, Chief Executive Officer and Founder of Montgomery Investment Management, which is a Sydney-based specialist boutique equity manager that manages $1.5 billion on behalf of private investors, their advisors and families. Through a simple, common and time-tested philosophy, Montgomery manages several VALUE-ORIENTED FUNDS focused on the various aspects of quality to generate superior returns over the very long term.

Before we unpack all this completely, Roger’s 26-year background in financial markets includes Equity Analysis, Equity and Derivative Trading, and Investment Banking. After founding, listing and selling a financial services business and listed investment company, Roger established his boutique investment management office. In 2010, he published his first best-selling book, Value.able – How to Value the Best Stocks and Buy Them for Less Than They’re Worth.

The clincher, folks?? His book, of course, sets out his three simple steps for value-investing and online trading.

So, shall we get on with it and simply chat to Australia’s version of Warren Buffett?… You betcha!!!

 

AND DON’T FORGET… WE HAVE A 250TH EPISODE “BIRTHDAY” GIFT FOR YOU….

Yes, YOU CAN GET A COPY OF MAKE MONEY SIMPLE AGAIN FOR FREE!!!

Huge heads up: There’s a couple of cool surprises tucked in it that we think will blow your socks off 😉

 

Before we go ahead, here’s Wayne Schwass’s eulogy that Bryce mentioned in today’s show. Click here to watch it now.

 

THE TOP 10 HIGHLIGHTS

  1. Everything You Need To Know About Value Investing!
  2. When Roger was in his entry-level role, what did the Asia Pacific Partner of Pricewaterhouse say to him that he’ll never forget?
  3. What advice was given to lottery winners?
  4. How much of an influence has the real Warren Buffett had on Roger’s philosophy and success?
  5. What are the TWO most important frameworks you need to know?
  6. Shares vs. Property — what does it come down to?
  7. How can you take advantage of “booms and busts” in the share market?
  8. Was “a fall in house prices of 40%” ever realistic?
  9. Does investing for the long term really matter?
  10. Where can you find value in the market now?

 

“Price and value are two different things. Value investing is about paying a lower price than the value received.”
Roger Montgomery

249 | The 4-Step Framework to Renovate or Build Your Home…AND Enjoy It! – Chat with Amelia Lee

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Considering renovating or building your own home? If so, this is the perfect episode for you!! Here’s why…

We’ve got Amelia Lee, the architect behind Undercover Architect, an award-winning online resource to teach folks how to design, build or renovate their homes. To give you an idea, she’s been in the industry for over 25 years and has solid personal experience in the trenches as a “serial renovator”!

And the best part? Amelia’s on a serious mission to take the “bamboozle” out of the renovation, building and design process!

‘Cos let’s be real folks… these projects can often be draining on the ol’ tolerance levels/bank account/relationship health/overall health… BUT as you’re about to find out… it doesn’t have to be like this AT ALL!!

(Ben’s now wishing he chatted with Amelia BEFORE he attempted three renovations on the one house!)…

‘Cos, what d’ya know… it turns out that renovating and building your own home can actually be….enjoyable!!

And all you need to do is follow Amelia’s simple, 4-step framework…. BEFORE you even pick up a hammer, tear down a kitchen sink or stub your toe on an exposed nail, cursing and questioning why you ever took the project on. (And/or telling yourself “never again!” like our mate Ben… who went ahead and did do it again AND AGAIN, oblivious to the fact that this wonderful framework existed.)

Learn from Ben’s mistakes folks — avoid hemorrhaging cash.

Go get your overalls ready…. this is going to be fun!

 

The Top SEVEN Takeaways…

  1. What does building and renovating with “intention” look like?
  2. How can you stretch your dollar further?
  3. Who do you need on your team?
  4. What are the big slipups people often don’t think about?
  5. How do you find a decent builder?
  6. What things are the top considerations for investors and homeowners?
  7. Would an architect ever be an owner-builder? (and should you???)

 

P.S. It’s our 250th episode next week folks… that means… MEGA GUEST… AND… MEGA GIVEAWAYS…

… so make sure you show up!

 

P.P.S. We’ve been doing exciting stuff via Facebook lately… so, if you haven’t already… Like and Follow Us on Facebook to Get the Unannounced Social-Media-Only Gold!

248 | Everything You Need to Know About The 138 Changes Landlords Are Facing

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There’s ONE HUNDRED AND THIRTY EIGHT CHANGES to Victoria’s rental laws coming into effect next year… and we think these are about to set the precedence for legislation across the entire country.

Which means… landlords need to be clued in on their rights and what’s going to be expected moving forward — and frankly folks… we think the pendulum has swung slightly too far, and is now quite in favour of tenants. So, what do “Residential Rental Providers” — which, by the way, is what Landlords are about to be called — need to know BEFORE these changes kick in??

Here to fill us in on everything in this pretty epic episode, is Hayley Mitchell, Director of Geelong Property Managers and Director and Trainer of Mitchell PT, which provides training and consulting in the property management industry. Plus, she’s also a fully licensed Real Estate Agent and has worked in property management since 1999 (she’s well-and-truly passionate about this stuff, folks!)

And here’s where it gets super important…

Hayley has actually gone through the ENTIRE 500-page Residential Tenancies Amendment Bill with a fine-tooth comb.

And not only is this impressive… but also, it’s actually incredibly helpful for us landlords — or wanna-be landlords, or even the tenants amongst us!

Let’s find out what on earth is going on and how exactly these changes to legislation affect us!

And just a bit of a disclaimer folks: this is Hayley’s interpretation of how these changes will impact landlords and as such should not be taken to represent advice in any way. If you want more information, please seek professional advice from your property manager 😉

 

Today’s Links…

 

Free Reports from Ep 246 & Ep 247…

 

The TOP Highlights…

  • When are these changes coming through?
  • How much notice do you need to get the tenant to vacate?
  • What are the changes to the rental minimum standards?
  • What’s the fine if you don’t advertise your property at a fixed amount?
  • How does “Section 68” affect a landlord’s responsibility for repairs?
  • Is there anything landlords can do about tenants keeping pets?
  • How long will landlords need to give notice to vacate?
  • Why are tenants being let off the hook when it comes to cleaning?
  • Is there any way to protect yourself from a tenant’s ability to make “modifications” to your property?
  • How much notice do you need to inspecting a property?
  • What is the fine if evict the tenant in order to move in but then don’t actually move in?
  • Why’s https://thepropertycouch.com.au/ep82-qa-investing-in-property-overseas/a great tenant so important?
  • What’s “The Landlord Blacklist“?

 

P.S. You might also be interested in…

245 | From Motor Mechanic to Selling James Packer’s House! – Chat with Michael Pallier

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Some stories need to be heard to be believed! And the story we’re about to share with you is indeed one of these… ‘cos today’s guest went from being a motor mechanic to selling some of the most expensive properties across the country… yes, including… the home of Australian billionaire businessman and investor James Packer!

Joining us on the Couch today is Michael Pallier, Managing Director of Sydney Sotheby’s International Realty — an elite agency that handles the sale of luxury residential homes and rural properties throughout NSW and the ACT!

To give you an idea of the calibre of the properties Michael sells… well, folks… he’s just sold his EIGHTY-SECOND property valued OVER $9 MILLION (oh, and Packer’s property went for a cheeky $70 mill)!!

His sales history has included…

  • The most expensive home ever sold in Australia
  • The most expensive home ever sold at auction in Australia
  • The most expensive residential land ever sold

So. Pretty impressive stuff, right? But what we really wanna know is… … how???

How on earth did a motor mechanic all of a sudden start selling luxury homes? And who are the people who are forking out some serious cash for these properties?

And, of course, what can we learn from Michael’s secret to success?

Psst… as mentioned in today’s ep, here’s the house he’s currently selling: https://www.realestate.com.au/property-house-nsw-vaucluse-131386806

And here’s Bryce’s mindset minute from Simon Sinek! Watch his video here. 

 

THE INTERESTING STUFF

 

P.S. If you’re interested in learning more about property, finance and money management — and you also wouldn’t mind having VISUAL demonstrations to help cement your learning, check out our Facebook Live Videos.

 

 

 

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