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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044 | Q&A – Building cash reserve, Next-door suburbs, Property professionals, Offset accounts, Buying at a premium, How to be a BA & Renovating for Profit

By The Property Couch December 31, 2015 in Podcast, Q&A

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For the last episode of 2015 and as promised for our Summer Series, we will be going through quite a few questions! Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners. It’s going to a full on one so sit tight! 🙂 :

Building cash reserve question from Maria : Can you please discuss how to build cash reserve buffers into your property investment plan, and the options for funding unexpected large expenses like medical expenses and family needing financial assistance.

Investing on the suburb next-door questions from Peter : Is investing in a lower priced residential suburb surrounded by higher value median suburbs a good investment strategy? With hope that property you’ve invested in will eventually go up in price? Granted that suburb also has all the necessary amenities close by such as public transport, schools, small shops etc.

Property professionals question from Josie : I have been listening to your podcasts which I find really interesting and informative. I am really interested in buying an investment property and am currently looking at the best way for me to do this. I am currently talking with my finance adviser and accountant to establish the best way to do this, ie, through a self managed super fund or using my own home which I own as capital. As you mentioned in your pod cast, are these the right people to get property advice from. Would appreciate your thoughts

Loan structure question from Mark: Love the podcast and have been a loyal listener since the first few episodes. My partner and I have recently purchased our first new home and are considering putting our loan repayments to interest only and banking the money we would be paying off the principal in an offset account. We want to get an investment property and start building a portfolio and see this as a way of saving money quickly. What do you guys think?
Investment strategy question from Rick: Over the years, I have been advised to buy in quality, blue chip and desirable areas with a proven growth history which aligns to Empower Wealth’s strategy. The downside is that it is priced at a premium and the cash flow is usually poor which hampers an investor’s ability to build their asset base until the rental income improves.
Becoming a Buyers Agent question from Daniel: What does one need to do, to become a buyers agent? What schooling/qualifications are needed to become one?
Renovating for profit question from Sylwia: Hi there, I am looking to get into renovating for profit in the nearest future. I am at the stage of educating myself and would love to hear from you Gents about renovating for profit as an investment strategy: renovating to rent vs renovating to sell, buying the right property at the right price, good sources of information, dangers and traps of renovating as a strategy, property “flipping” e.t.c. I look forward to hearing you point of view on this topic.

Free resources mentioned in this podcast:

Episode 17: Who’s your personal banker?
Episode 23: Exit Strategy in Property Investment
Episode 33: Q&A – Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy and Leasing to Relatives

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/

026 | Q&A – Property through Trust, Renovating Established Properties, Gentrification and Investing in Regional Centre

By The Property Couch August 27, 2015 in Podcast, Q&A

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We have been receiving a lot of great suggestions and questions from our listeners! If you have submitted a question on property investing in Australia and have yet to hear a response from us, don’t worry. We will get to you as soon as we can. In this week’s podcast, Bryce Holdaway and Ben Kingsley will be addressing some topics on:

Property in Trust from Christ : Can you address investing in trusts? In particular purchasing property through trust and transferring currently owned investment properties into a family trust

Tax benefits in renovating established properties from Christian : One of the topic that got me interested was Tax Depreciation, when you had Bradley Beer come in as a special guest. I already have a depreciation schedule, the one thing that plays on my mind – is whether it is worth renovating an established property? Is there a rule of thumb that I should use to determine whether my investment property needs to undergo a renovation? Is there a golden rule to this on when is the best time?

Gentrification questions from Andy : What is gentrification and its signs? Does this take a long time to happen? What are the positives and negatives of buying in a suburb that hasn’t had it or is in the process of having a face lift/demographic change? (I’m assuming that is what gentrification is?) Thanks guys!! The podcasts are gold!

Investing in Regional Centre from Lewis : Can you offer any advice regarding property investment in a regional centre? Often there are a lot of stones unturned in these markets. I am based 30km from the coast in Central Queensland and medium/high density development is a relatively new concept to most buyers in this area. However, recently completed projects have shown a real interest in this type of offering versus detached dwellings and I am wondering how to interpret this.

For access to The Property Couch’s media kit, please email us here: [email protected].

Renovation does not equal Riches

By Bryce Holdaway June 9, 2015 in Free Resources, Videos

The excitement and extraordinary results of a good renovation is immense. We’ve seen it on TV shows like The Block, but does renovating always equal riches? Bryce Holdaway thinks there is more to it. Watch the video to learn more.

Bryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

010 | Tax Depreciation

By The Property Couch May 1, 2015 in Podcast, Property Investment

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If you were to ask an investor if they wanted to save $149 per week on a property, we can guarantee you that no one would say no…

BUT that’s exactly what too many folks are doing when they don’t use tax depreciation right! (Check out the case studies at the bottom if you don’t believe this number…)

Today we’re excited to be discussing this topic with the help of our good friend and first-ever guest to the show: Bradley Beer!

As the Managing Director of BMT Quality Surveyors, experts at tax depreciation, Brad explains exactly what tax depreciation is and how and when you can use it!

Buying a property for its depreciation, however, should NEVER be your main reason for investing!

Instead, we unpack the important depreciation factors you should be looking at…

And explain why 1985 and 1987 were very important years when it comes to tax depreciation.

We’ll also be explaining what quality surveyors do and hearing some true stories from Bryce and Ben!

So tune in now for the gold on tax depreciation! (Yes, we say tax depreciation way too much in the episode too 😉)

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!
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Brad’s case studies that he has prepared for the podcast can be accessed here! The first is a $600,000 – $700,000 period home with a rental income of $22,880 per annum and the second is a $400,000 – $500,000 older villa with a rental income of $21,060 per annum.
Interested in using BMT? Download the BMT Tax Depreciation Application Form here, or fill it out below:

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Here’s some of the gold we cover…

0:50 – Meet Brad Beer!
1:26 – What’s the benefit of a tax depreciation schedule?
2:00 – How Bryce’s friend benefited from one!
2:45 – Did you know you can get cash back?
4:00 – What do Quantity Surveyors do?
4:38 – Ben’s Franking Credit analogy
6:07 – WHY you should use tax depreciation
7:30 – This is why education is important!
8:09 – Why is 1985 and 1987 important dates?!
9:54 – So when do you get depreciation in a period home!?
10:55 – The challenge with depreciation is…
11:40 – Improving YOUR net yield
12:40 – The process to determine your tax depreciation!
14:50 – Renovation and depreciation!
16:00 – The lump sum scrapping approach
17:49 – Why you shouldn’t do tax depreciation after renovations
18:20 – Learn from Ben’s story!
19:40 – WHY it’s worth it to use BMT
20:15 – Some gold tax depreciation case studies!

Free resources: 20 Essential renovating for profit tips

Free Stuff Mentioned:

Here’s some of the gold we cover…

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