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Episode 186 | Q & A – Should You Pay Down the Principle Loan When Interest Rates are Low? Are Multiple Offset Accounts a Good Idea? PLUS The Step-by-Step Process to Buy an Investment Property!

“The people’s podcast” is EXACTLY that today folks! Because here’s the deal… it’s full-on, gold-packed Q & A Day!!

And we’re diving headfirst into…

  1. Offset accounts —is it a good idea to have multiple offset accounts? And should you offset your highest loan or the oldest loan?
  2. Investing in outer suburbs versus inner suburbs
  3. The step-by-step process of buying an investment property
  4. Buying a home (PPOR) versus an investment property (IP)
  5. Lending — should you pay down the principle of an investment property when interest rates are low?
  6. Why should you join PICA?
  7. TWO amazing LifeHacks from our community!

Oh folks, we don’t want to pick favourites — but even we’ll admit it — these are some solid questions from our listeners!

From start (Mindset Minute) to “Knowledge is empowering, but only if you act on it”… this episode is ALL YOURS!

Before we jump into the questions, click here to download Ben’s Data Dive on Better Price Point, Better Location and Better Returns or fill in the form below and we’ll send it to your email right away.

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Questions from Kyrillos:

  1. If you’re purchasing more than 1 property, can you get more than one offset account? And if so do you split all the cash between them, or is it wiser to pour in all the cash in the offset against a larger loan?
  2. To do with LocationScore — I’ve gone through and created a Spreadsheet of all of the suburbs within 50km of Brisbane’s CBD and found that most of the better-scored suburbs are actually quite far, in terms of the asset selection criteria you guys talk about. I understand that LocationScore is more of a demand versus supply score, so if you’re a Buy and Hold investor, at a suburb level, is buying in a better location still the better option?
  3. Would you be able to run through the process of buying a property? Could you run through a quick, step by step process of what happens when (research, when should you get building and pest inspection etc)?

Note 1: Looking for the link to join the Property Investors Council of Australia (PICA)? Learn more about their membership here!

Note 2: Keen to watch Ben’s Data Dive on Better Price Point, Better Location and Better Returns on Investment? Just click here or fill in the form below to get access to it.

 

Question from Cam:

My partner and I are wanting to buy 1st home. We are 27 years old, have $100,000 saved and are in our 3rd year of full time employment with a combined income of $150K. Should we be stretching ourselves to buy in the area we love FIRST, or should we be buying an investment property and hope to build equity and use it to purchase our Principal Place of Residence down the track?

 

Question from Sonya:

Hi guys, love the podcast. There’s a lot of talk out there about the risk of Australians switching from Interest Only to Principal and Interest loans. I’m currently paying Interest Only, with no interest to refinance as I am starting up my own business and currently don’t have any other income coming in. Half of my loan is fixed, the other half is variable. My question is: should I pay down the principle of my investment property while the interest rates are low to control the risk of a high interest rate at a later date and the Principal and Interest I would have to pay when my loan switches over? I’m less interested in the tax advantages, and am more interested in controlling risk and reducing my overall repayments. I know that the longer my Interest Only repayment is, the higher my repayments will have to be when it switches over — and that doesn’t sound great to me. I’m sure this, and the impact of Interest Only lending, is of interest to other listeners, so I hope you can provide insight. Love your work again. Cheers!

 

 

Data Dive! Better Price Point, Better Location and Better Returns

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Episode 171 | John Lindeman’s Boom and Cash Flow Predictions

Want to know where the booms are predicted to happen? How about the property markets where you can target cash flow positive properties?

Joining us today, folks, is John Lindeman, Director of Property Power Partners and researcher and educator for the 7steps2success on-line property education program who has spent well over 15 years professionally researching the housing market, and let’s be honest, is the thought-leader who can teach you how to use property market research to predict your investment returns! With a couple of best-selling books up his sleeve — Mastering the Australian Housing Market and Unlocking the Property Market— and a regular contributor to Your Investment Property Magazine and numerous other media outlets, John’s definitely got some solid gold to dish out for you!

He and Ben are also speaking at his FREE event John Lindeman’s Boom and Cash Flow Prediction in Melbourne on May 16 if you’re interested in coming along. Just click here to reserve your seat.

 

Today’s rundown:

 

And a bit more housekeeping …

We’ve figured out the name of our BRAND NEW BOOK on Money Management… but we want to make a game of it before we tell you! So, if you think you can have a crack at what the title our new book will be — or you’ve got a clever title of your own (it’s gotta be money management related) — let us know! The titles we read out on the podcast will be the very first people to score a FREE copy of our book (once it’s published, of course).

AND, if you’ve implemented the Money Smarts System and it’s helped you, and you want to be a part of our brand new book, please tell us your story!!

… Wait, one more thing…

Got a “Money Hack”? We want to know all about it!! 

 

p.s. Looking for John Lindeman’s Books? Here are the links:

 

 

Episode 170 | Property Data Dive with Jeremy Sheppard & The Top 20 SUA Report!

We’re taking a plunge into the Property Data Dive today folks!

Because today the LocationScore Lads have got the band back together and so The Capital Growth King of Research, Jeremy Sheppard — Property Analyst, Research Director and Creator of DSR Data — joins us with the latest data that’s pointing its finger at hot growth markets.

And not only is Jeremy’s going to tell you where some of these hot suburbs are, but also he’s offering an exclusive listener bonus — the Property Market Swingers Report — which includes the TOP 20 Significant Urban Areas where demand exceeds supply. Think great areas to invest in!!

But before we get into all things research and supply and demand, we’ve got a bit of housekeeping to get out of the way first…

HUGE NEWS… The Property Couch is coming to Sydney in June for a Live Show!

PLUS, we’ve also figured out the name of our BRAND NEW BOOK on Money Management… but we want to make a game of it before we tell you! So, if you think you can have a crack at what the title our new book will be — or you’ve got a clever title of your own (it’s gotta be money management related) — let us know! The titles we read out on the podcast will be the very first people to score a FREE copy of our book (once it’s published, of course).

AND, if you’ve implemented the Money Smarts System and it’s helped you, and you want to be a part of our brand new book, please tell us your story!!

Last but not least before we throw you into today’s episode… if you’re thinking about a sea change or green change or any other change from city living… you can apply to be a part of Bryce’s new show, Escape From The City, and personally meet him! Catch his video on Facebook or Apply to be on Escape From The City now.

… Wait, one more thing…

Got a “Savings Hack”? We want to know all about it!! Let us know here.

 

Right, today’s show…

 

AND, don’t forget to download the FREEBIE for today’s show! Click here to download the Market Swingers | April 2018 Report or just fill in the form below:

Free resources: LocationScore Market Swinger Report - April 2018

Fill in the form below and we'll send it to your email straight away!
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Episode 158 | Cut The Noise: How to Master Your Mindset with Chris Helder

That’s right, folks!

Back by popular demand, we have Chris Helder on The Couch … with his brand new (it’s only been out a week) book, Cut The Noise!!

We first heard Chris’s power of mindset and “Useful Belief” in Episode 113 | Why Positive Thinking Doesn’t Work … and, in Bryce’s email shout out, you mentioned you’d benefit from having Chris back on…

Boy, are we glad you did!
For those who missed the episode or need a refresher, Chris Helder is a certified practitioner of Neuro-Linguistic Programming, Public Speaker and author of Cut The Noise, Useful Belief and The Ultimate Book of Influence. He’s one of the highest booked speakers and his message is seriously impactful (and useful).

Today, he’s talking about: Better Results, Less Guilt.

Why? We’re bombarded by “news” every. single. day.

Media. Social Media. Marketing. Almost everywhere we look………..

So, how do we cut the noise?

 

You’ll get answers to:

And stay around till Ben’s Did You Know too! There’s be some interesting discussion around the recent volatility in the stock exchange. 😉

 

p.s. You can purchase all of Chris Helder’s book via his website: http://www.chrishelder.com/

p.p.s. Looking for Brene Brown’s Ted Talk on the Power of Vulnerability? Watch it here.

Want regular updates and exclusive freebies? Join our tribe when you download The Money SMARTS System.

 

 

Episode 157 | 7 Reasons Why Investors Should Think Like Ants

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 6th 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:

  1. Ants aren’t intimidated by their workload.

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

 

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

 

 

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