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Episode 383 | How to create the optimal mindset for investing – Q&A

Let’s face it…  

Money is an emotional asset folks. Especially when you realise, you’ll never have “perfect” knowledge before investing… 

But we think that shouldn’t stop people from investing!  

In fact, we think it’s something that everyone should be okay with, especially if you’ve covered your bases! That’s why in today’s episode we’re uncovering:  

  • What these bases are… 
  • How to control your emotions around money… 
  • Why people fall into an analysis paralysis… 
  • And ultimately how you can create the optimal mindset for investing!  

But that’s not all – of course – it’s Q&A DAY!! (Woohooo!)   

We’re talking all things Buyers Agents: When and why you should stick with your current agent, the difference between specialist and regular Buyers Agents… 

PLUS, we’re unpacking the upcoming generational wealth transfer that will flow from Baby Boomers… 

And explaining key factors you should understand, or have in place, BEFORE deciding to upgrade houses.     

These questions provide some great case studies, with one proving why buying properties from other family members may not actually be the best solution for everyone!   

Questions are listed further below 👇. Enjoy!  

 

Free Stuff Mentioned 

 

Here’s the questions we answer… 

Jay Sanderson on Low Stock for Properties 

“I have only just started my investment property journey and have acquired one passively geared property which I’m about to develop further. 

My current buyers advocate is trying to find additional properties for me to purchase and I have the funds approved but he is telling me that inventory is short at present. 

What would be your advice here, look for properties myself or speak to additional buyers advocates?”  

 

Leino on Buying Off-Market From Mum  

 “Hey guys, I just started listening to your podcast and have listened to the first 70 episodes in just over two weeks. I have also listened to a few of the latest ones and now have the ‘property bug’. 

Our situation – currently we have a PPR in Townsville in a nice area, which has seen some growth and we have a good amount of equity at the time of writing this. 

My wife and I have a good, combined income and a very good yearly surplus from which I want to start purchasing a few other properties. 

I recently spoke to my mother who owns two properties out right in the sunshine coast (specifically Mooloolah Valley) where the median house prices have skyrocketed. Both houses are on very large blocks (one is a hectare the other is 1 1/2 acres). 

My brother is currently renting one of them for fairly cheap and may stay for a few more years. Due to my mum’s financial circumstances, they did mention maybe selling the larger block as their super is dwindling away and they are just over the cap for a pension. 

 My question is: Would it be worth buying the property from them at possibly 200-300k under median value, with an interest only loan and servicing the debt until my brother moves out at which time, we could increase the rent to a larger amount and move towards positive gearing? 

If we buy privately off them well below median, we will start off with a massive amount of equity, and though it does have great owner occupier appeal, it probably doesn’t tick off every investment property feature that everyone talks about. 

I’m currently 40 years old and wish to retire around 60. Ideally, we would like to knock down the house and rebuild our forever home (on the block) down the track if we were to buy it. 

I acknowledge you don’t have all the info required, but if you could provide some tips or things to consider, that would be greatly appreciated. 

Sorry if something similar has been answered before. 

[PS I have booked in to speak with your team, but it isn’t for a little while due to availability]. 

Kind regards, 

Leino”  

 

Andrew on Upgrading or Buying Another House 

“Hi, we are a small family with 2 kids, and we own one property which has paid off all mortgage. 

We just wonder should we sell this property to upgrade to premium house or keep the house and buy another house to live. 

We make 130k after tax, so not sure we should focus on cash flow or captain gain property.” 

 

Winslow Tam on Optimal Mindset  

“Hi Ben, 

Hope you had a great weekend. 

Here is my question… 

Considering that investing can [be] taken quite seriously by some people, what is the optimum state of mind that individuals need to have when performing their best as an investor? 

I’m referring to things such as motivation, mindset, emotional, etc. 

I understand that investing is for the long term – somewhat like a marathon instead of a 100m sprint.  

What are some of the things that investors should do to get their state of mind prepared for investing? 

It would be great to hear your thoughts. Look forward to hearing from you. 

Regards, 

Win.” 

 

Here’s some of the gold we cover… 

  • 2:16 – Make sure you sign up for Ben and (previous podcast guest) Antonia Mercorella’s PICA Webinar on Queensland’s housing market!  
  • 4:25 – Folks, do THIS to have a great relationship  
  • 7:52 – Leave us a question here! (Did we mention you could win a FREE Start & Build course?!) 
  • 9:00 – Question 1: Low Stock for Properties 
  • 9:55 – When and why you should back your Buyers Agents  
  • 11:06 – Where should you buy when there is low property stock? 
  • 13:28 – You CAN ask your Buyers Agent these things… 
  • 18:23 – The difference between regular Buyers Agents and specialist Buyers Agents 
  • 21:33 – Question 2: Buying Off-Market From Mum 
  • 23:42 – Why we think there’s more opportunity for your mum…. 
  • 27:26 – What’s best for Leino and his brother?  
  • 30:33 – Dealing with the generational wealth transfer  
  • 37:26 – Question 3: Upgrading or Buying Another House 
  • 37:53 – The reason you should know your priorities  
  • 40:07 – How to make the invisible visible  
  • 41:45 – Folks, it comes down to ____ cost or _____ cost  
  • 44:35 – We’ve found most people choose… 
  • 47:36 – Why having a finance strategy is important BEFORE you decide!  
  • 49:08 – Question 4: Optimal Mindset 
  • 49:52 – Please accept this fact folks… 
  • 50:55 – How to create the optimal investor mindset  
  • 52:42 – Why people fall into analysis paralysis…  
  • 56:12 – Be a farmer, not a hunter!!  
  • 57:47 – Practices to control your emotions around investing!  

And… 

 

Episode 380 | Is the Property Market Past its Peak?

With Australia’s housing boom slowing and interest rates on the horizon, folks it’s finally time to ask… 

Is the property market past its peak?! 

To help us answer this question we’re doing a deep data dive into CoreLogic’s Hedonic Home Value Index February report!

We’ll be unpacking the cycle just passed, its monthly and annual data, and what it means for our future…

 

But remember folks: We’re talking about the peak rate of growth!

While this means we probably won’t see the same level of growth in 2021, it does NOT mean you shouldn’t invest for the rest of the year!!

We’re also making some projections into 2022’s capital growth, breaking it down to the positives and negatives we expect to see in demand and supply.

You can expect us to cover everything from population movement to immigration, commuting to climate change and more!! 

 

But before you go check out the podcast, we’ve got a special announcement…

IT’s OUR 7th BIRTHDAY!

(Well, it was last week but time flies when you’re having fun 😉). A huge thank you to the Stig, our team, and all our listeners and contributors who make us what we are! 

But back to the good stuff… this episode has loads of future predictions that could help you make the best decisions in 2022, so tune in now!

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:28 – It’s our birthday! (Well belated 😉) A big THANK YOU to all our listeners!
  • 4:40 – Oldrentvestor aka. Jane, contact us for a free “Start & Build” course! You’ve warmed our hearts.
  • 7:10 – Break the Cycle. Be the Change.
  • 9:30 – What we saw over the past cycle (and what caused it!)
  • 12:00 – 2 important indicators that investors should research
  • 14:14 – Data diving into the numbers!
  • 15:54 – Median house values have tipped over THIS mark in Sydney, Melbourne and Brisbane
  • 17:05 – We’re seeing the ___ of the cycle! (In terms of RATE OF GROWTH)
  • 18:15 – The Australian property market through the pandemic till now.
  • 21:00 – What do we mean by markets within markets?
  • 23:38 – Why Perth is in for an interesting ride…
  • 24:50 – The ____ quartile has seen the greatest growth (And what this means!)
  • 26:40 – What is Hobart’s income story?
  • 28:00 – Just remember THIS when people are talking about debt!
  • 28:55 – Looking forward to 2022 (In terms of future capital growth!)
  • 29:46 – Demand negatives: The who, what, why and when of Population Movement
  • 32:28 – The Affordability Story
  • 35:00 – How Queensland’s floods are impacting property markets
  • 36:40 – Demand positives: Immigration and home ownership
  • 37:40 – The Government’s forecast for incoming travellers!
  • 41:17 – As property prices slow, ____ will go higher
  • 42:20 – Supply Positives: Cost to build, normalisation of markets and more!
  • 44:55 – Why is Nimbyism good for capital growth?
  • 46:35 – Supply Negatives: Commutable markets
  • 51:00 – Remember it’s the long-term game folks!
  • 51:33 – Our 2022 predictions
  • 54:05 – Have you thought to use THIS as a portable phone stand?

 

 

 

Episode 379 | Why Time is the Secret Sauce?

FOLKS if you take away one thing, let it be that the secret sauce to investing is…  

⏱⏰ TIME! ⏰⏱ 

That’s right! While playing the long game may be boring to some, we dive into why time is exactly what you need to achieve amazing returns. Don’t believe us?  

Did you know that investing legend Warren Buffet accumulated 99% of his wealth after he turned 50?!  

Yep. And to build on that, we’ll be unpacking some case studies that have achieved an 84% growth in their third decade and exploring the TRUE power of compounding. 

In fact…  

This ingredient is so important to property investing that we also did a Facebook LIVE session on this too, and today, we’ll also be uncovering some of the questions that YOU asked!  

 

Here are the questions we answered…

From Julian Bradley
Pros v cons. Investing in $600k in an investment grade property vs. 2x $300 investment grade properties. What is the better strategy if looking to source BA’s? 

From Brodiee Brodiee
When the property cycle is at the peak of the cycle and properties are generally overpriced, Is there another investment type/area that you recommend? 

From Pete Fairley
Hey fellas. Pete from the Adelaide Hills here. Im a carpenter and just starting up my property portfolio. Thoughts on if I should look closer to home within half an hour so I can do maintenance/ renovations myself, or would something further away with a little more growth and set and forget it? 

From Doug Slater
Love your work gents. Is it realistic to assume that property values could continue to rise 7% (on avg), over the long-long-term? I know past performance demonstrates this, but looking to the future, can wages continue to grow to enable this?! 

From Patrick A.
I purchased an investment property (2br apartment) 10 years ago but has only achieved 5% annual growth with flat rental growth. Is it time to sell & reinvest into property with land, or continue to hold the apartment? 

From Emanuel Bulli Camaj
Do you guys have a list of recommended brokers? Western Sydney if that helps.

 

Before we get to the best bits though, we’ve got a big announcement folks…

The Start & Build Course is 40% OFF this week!!

You’ve heard us talking about it for weeks and now it’s finally here! Our multimillion-dollar property portfolio building course that is designed for ANYONE at ANY stage in their investing journey!

Make sure to sign up to get lifetime access to:

👉 14 easy-to-understand training lessons
👉 12+ hours of learning
👉 40+ years of investing expertise
👉 9 bonuses including case studies, lifetime access to MyWealth Portal, a copy of our BEST-SELLING book “Make Money Simple Again”, AND MORE!

Still having doubts?

We’ve got a 365-Money-Back-Guarentee, so folks, you are risking nothing! You are, however, missing out on 40% off if you don’t sign up by 28/2/2022.

Claim your offer today at www.thepropertycouch.com.au/startandbuild!

 

Anyway, back to today’s episode….

Be sure to tune in folks, this one is FULL of wisdom bombs. 😉

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 2:50 – Thanks for all the support on our MoneySMARTS Set up session! Click here to join the waitlist > 
  • 4:20 – How to start and build your portfolio right in 2022! (With 40% off for THIS week only!) 
  • 6:18 – Craig Fairbairn, Ariena Mac and Wilko91, contact us for a free Start & Build course! Cheers for leaving us a review folks 
  • 9:58 – Our first Facebook LIVE in 2022! 
  • 10:40 – Why THIS is the Secret Sauce to Property Investing (PLUS words of wisdom from industry greats!) 
  • 13:21- Which asset has made Ben the most money! 
  • 16:45 – TPC Exclusive 😉:  When Ben plans to sell his assets  
  • 18:05 – Case Study #1 (How this property went from 600K to 4.5M!) 
  • 22:20 – Why you should hold for the long-term 
  • 23:10 – Bank the dollars not the _____! 
  • 23:30 – MORE factors which affect growth 
  • 27:55 – Q&A #1: Is it better to invest in more properties for less? 
  • 36:58 – A viewer’s response to this question  
  • 38:09 – Q&A #2: Dealing with peak property cycles and overpriced properties!  
  • 40:30 – The Probability Story 
  • 43:30 – Q&A #3 – Maintenance and Renovation vs. Setting and Forgetting 
  • 46:08 – Q&A #4 – Is 7% long-term growth realistic in the future? 
  • 48:50 – So..what’s driving demand in Australia?  
  • 51:05 – Where we predict “safe bet” property investments will be 
  • 51:23 – We need to remove THIS myth about wage growth 
  • 55:05 – The consequences of Government intervention… 
  • 57:09 – Q&A #5 – A list of recommended brokers 
  • 58:10 – The digitalisation of property investing  
  • 59:40 – Yep, we’re tooting our own horn – Empower Wealth had $1.1B worth of submissions?!  

And  

  • 1:02:15 – A special discount to help YOU achieve a $2K passive income   
  • 1:03:39 – What is really relevant for buying in the future property market 

 

 

 

Episode 220 | Sell or Hold? The $64 million dollar question.

Folks, “the $64 million dollar question” — and the decision that comes with it — has the potential to either CRIPPLE or COMPLETE an investor’s property portfolio…!!

And the expensive and decisive question is this…

Should I sell or hold onto my property?

Who knows, maybe YOU are currently mulling of this exactly question right now? Or maybe you’ve invested in a not-too-great property, but you don’t know if you should keep it? Or maybe, just maybe, you’re like a lot of us… and you simply don’t know how to work out if a property’s got something in the tank — ie. Capital Growth — or it doesn’t.

 

So… how can you work this out?

Well, to help us with the Number #1 Dilemma property investors and home owners have faced since day dot, is none other than the self-confessed “Data nut” himself… Jeremy Sheppard!!

Because if there’s one thing data can do for us, it’s to take the guesswork out of a seriously costly decision an make it a research-backed, conscious one! (We’ve got a surprise in this episode that just might help YOU too — and there’s a link further down if you’re looking for it!)

Of course, for the folks out there who may not have heard Jeremy on the podcast before — he is of course, the better third of the LocationScore Lads (yep, he gets to hang out with us two larrikins riffing on about the best suburb to invest in ALL the time!) 😉

Jeremy Sheppard is one of Australia’s leading property data experts and analysists, having pioneered DSR data, a formula that scores every suburb in Australia out of 100 based on their Demand to Supply Ratio. Oh, and not to mention he is fluent in every property market metric — from Auction Clearance Rates all the way to the “Recycling Costs” we’ll be talking about today!

Hint: it’s got a lot to do with how to answer the $64 Million Dollar Question!

 

And if you haven’t checked out Jeremy’s prior episodes, here they are:

 

NOTE: More details on Sell or Hold below but if you’re keen to get started, o

 

What You’ll Learn in This Episode…

  • The Closest Answer You’ll Ever Get to “Should you sell or hold onto your property?” !
  • How to work out the above in the cheapest and quickest way
  • The very first thing you need to think about before you do ANYTHING.
  • What is opportunity cost?
  • What do you do when you’ve bought a lemon?
  • How much does it cost to exit one market and enter another one?
  • How much does it REALLY cost to sell?
  • What does “Recycling equity” mean?
  • How can you work out the future growth of a property?
  • What are some of the selling costs you have to think about?
  • What are the ongoing costs to hold a property?
  • Why do you need to think about how these holding costs stack up against rental income?
  • What are the “Capital Costs” involved in selling a property?
  • What is the most expensive cost a property investor has to pay?
  • How many years is this decision TOO LATE??
  • Should you focus on Yield or Capital Growth?
  • What should you do with an Off the Plan property?
  • Why do you need to be careful of “jealousy” in high rise buildings?
  • What holds people back from making the decision to sell or hold?
  • What’s happening in Sydney right now?
  • Why isn’t putting your name on title enough?
  • How can you work out WHICH PROPERTY to get rid of?
  • What are the 3 Main Considerations in selling or holding a property?
  • Even if you can’t afford to re-enter the market, should you still consider selling?
  • How confident can you be in this Sell or Hold algorithm?
  • If you choose to sell and buy elsewhere, how many years do you need to see a return in investment?

 

P.S. The cutting-edge software program (the first of its kind to EVER hit the property market) that we talk about in this episode can be found at SellorHold.com.au

This is also where you can get a Free Sample Report to see how the research and methodology works.

Exclusive 20% Off Discount for listeners… Simply use this Code at the Check Out Page: TPC20

Here’s the step-by-step process to use Sell or Hold:

  1. In taking the next step, you access the full Sell or Hold predictive platform! This will be a paid assessment of $497 and our community gets a 20% Discount ($99.40 savings) ! Just use this code: TPC20

                                                                                                                                                    

 

The Property Couch’s Top Tips for entering the Property Market on a Budget!

We’ve appeared on the Today Show once again and this time, we chat about the Top Tips for Entering the Property on a Budget!

Hope you enjoy this segment! If you’d like to learn more about investing in property and building a property portfolio, here are some helpful episodes! >>

 

And there are heaps of other free resources on our website. We update them every week so make sure you check them out before you go. 🙂

Any questions or suggestions for new topics? Just send them in to info@thepropertycouch.com.au or fill in the form below and we’ll chat about it at our future Q&A episodes.

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