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EPI 120 | Winning the Property Game – with solicitor Mark Game

July 17, 2017 by Leave a Comment

Everyday property investing - podcast episode

EPI 120 | Winning the Property Game – with solicitor Mark Game

LISTEN via streaming audio (01:09:06 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 120 | Winning the Property Game – with solicitor Mark Game (33.2MB)

What’s news

  • Kaz – finds her dream property, complete with asbestos roof and fence, unsafe structures, leaking ceilings and live termites!
  • Lisa – discusses standardised rating systems for properties and whether these are a good idea or not specific enough to an individual’s requirements and situation

 

Feature – Winning the Property Game – with solicitor Mark Game

Mark Game from Aylward Game Solicitors Interview with solicitor Mark Game from Aylward Game Solicitors in Brisbane:

  • Role of solicitor and conveyancer in the transaction and when to engage them
  • What due diligence/searches are involved in the process
  • What are some of the common issues or problems faced by buyers
  • Top tips for buyers

Contact Mark at Aylward Game Solicitors 

Quick tip and action

  • When buying in a particular state, try to use expertise from or very familiar with the property law of that particular state
  • Do you have a solicitor/conveyancer to work with?
  • Your team is important!  
  • Seek recommendations, talk to them first, understand fees, are the readily accessible?

 

 

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EPI119 | Adjusting to a changing property market

June 8, 2017 by Leave a Comment

Everyday property investing - podcast episode

EPI119 | Adjusting to a changing property market

LISTEN via streaming audio (00:54:56 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 119 | Adjusting to a changing property market (26.4MB)

What’s news

  • Lisa Parker on being escorted to an open home by security
  • Kaz on making an offer–and being rejected!

 

Feature – How to adjust to the challenges of a changing market

 

 

 

 
  • Obtaining Finance
    • update your approval if you got it a couple of months ago or more!
    • adjust your budget
    • consider borrowing at lower LVR to decrease risk of finance being declined
  • Talk of changes to SMSF borrowing
    • Some banks exiting this space
    • Lower LVR
    • Talk – Considering changes to prohibit borrowing for property
    • Try not to buy unconditionally
  • Changes to depreciation allowances
    • ensure you are abreast of changes, get in any trips to rental properties before July 1st
    • unable to claim any trips to rental properties
    • unable to claim plant and equipment on rental properties that owner hasn’t paid for themselves, applied to properties purchased after May 9th 2017
  • Soft rental market
    • Make your house appealing!
    • Be realistic about rental expectations
  • Changes to first home owner grants
    • In QLD, $20k on new builds or OTP until 30th June, then back to $15k
  • Talk of negative gearing changes
    • Consider less negative gearing to mitigate risk
  • Interest rate changes
    • Lower LVR
    • Give yourself a buffer for interest rate changes
  • Growth rates slowing
    • Choose locations well

 

Quick tip and action

  • Have a look at your properties and your circumstances
  • Assess whether any of the changes we talked about may impact you and how you can change your strategy or actions to help
  • What are your interest rates and LVRs, insurances – landlord, building insurance, income protection
  • Assess whether you are sensitive to changes in the market, personal circumstances or circumstances outside your control and look at ways you could reduce your risk or act quickly where need be

 

 

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EPI 118 | Five big investing mistakes

May 11, 2017 by Leave a Comment

Everyday property investing - podcast episode

EPI 118 | Five big investing mistakes 

LISTEN via streaming audio (00:52:10 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 118 | Five big investing mistakes  (25MB)

What’s news

  • Cate Bakos on auctions, lenders tightening the purse strings, pre-approvals
  • Kaz on making offers for herself

 

Feature – Big investing mistake

 

 

 CATE: Five big investing mistakes

  1. Ignoring the TITLE TYPE
  2. Overlooking the limited scarcity value of a property
  3. Favouring brick over weatherboard for the wrong reasons
  4. Bringing Feng Shui into decision making.
  5. Believing agent’s underquoted price tags

KAZ: Five big investing mistakes

  1. Units
  2. Flooding
  3. Maintenance nightmares
  4. Housing styles bias
  5. Small blocks in outer suburbs, transport/facilities wilderness (deep suburbia)

 

Quick tip and action

  • Review the mistakes that Cate and I have covered off
  • Are you making of these mistakes?
  • Review your criteria for a good investment property and rid yourself of any ‘personal bias’ in your decision making, hopefully focus in on what makes a good investment

 

 

Filed Under: Podcast Episode, Podcasts Tagged With: ,

EPI 117 | What are your barriers to buying?

February 21, 2017 by Leave a Comment

Everyday property investing - podcast episode

EPI 117 | What are your barriers to buying?

LISTEN via streaming audio (01:02:28 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 117 | What are your barriers to buying? (30MB)

What’s news

  • Lisa Parker on securing your site when you’re undertaking a renovation project
  • Kaz on being festive!

 

Feature – Barriers to buying

 
  • Waiting for something better to come along
  • Identifying insignificant reasons
  • Analysis paralysis
  • Not seeing enough to make decision
  • Thinking it’s not a good time to buy – always
  • Unrealistic expectations of market
  • Unrealistic expectations of your budget
  • Psychological price points

 

Quick tip and action

  • Have a think about where you are at in terms of making your next purchase, whether it’s your first purchase or not.  
  • What’s holding you back?  Perhaps it’s money and you’re not quite ready to buy but perhaps it’s something else – are you busy and not really paying attention and perhaps you already have the money or equity available to buy?  I think this one is me at the moment!
  • Or perhaps there’s something else holding you back?  Maybe you heard a little bit of yourself in our discussion today!
  • Your mission – if you choose to accept – is to assess where you are at and make a commitment to a timeframe for buying and a list of actions you need to do beforehand and then get to it!

Filed Under: Podcast Episode, Podcasts, Property Investing

EPI 116 | Top Capital Growth drivers

January 27, 2017 by Leave a Comment

Everyday property investing - podcast episode

EPI 116 | Top Capital Growth drivers

LISTEN via streaming audio (00:55:01 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 116 | Top Capital Growth drivers (26.4MB)

What’s news

  • Buying at Christmas time–is it a good idea?
  • What are the pros and cons of buying during the holiday period?

 

Feature – Capital Growth drivers

Capital Growth

people-feet-train-travelling
  • Kaz and Melbourne Buyers Agent Lisa Parker compared notes on what they think are the top capital growth drivers. The following made it to their list:
    • Demand/Supply
    • Population Growth
    • Transport
    • Facilities and Services, Infrastructure projects
    • Income
    • Surrounding suburb activity
    • Water
    • Schools
    • Proximity to cbd
    • Backing onto parks, creeks, walkways (depending on where you live!)
    • Family friendly areas
    • Character homes

Quick tip and action

  • Using the list of capital growth drivers, choose a city and a likely budget that you would buy in and identify a list of 3-5 suburbs that you think would fit the bill of a good growth location.
  • It’s a good exercise to get you thinking and who know, perhaps this is the list of your next investment property location?

Filed Under: Podcast Episode, Podcasts Tagged With: , ,

EPI 115 | The Journey with buyer’s agent Cate Bakos

December 19, 2016 by Leave a Comment

Everyday property investing - podcast episode

EPI 115 | The Journey with Buyer’s Agent Cate Bakos

LISTEN via streaming audio (01:02:20 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 115 | The Journey with buyer’s agent Cate Bakos (29.9MB)

What’s news

  • A quick chat with Melbourne Buyer’s Agent Lisa Parker about auctions
  • Kaz talks about when to pay asking price

 

Feature – Melbourne Buyer’s Advocate Cate Bakos

 
  • Cate’s investing journey for herself and helping others
  • Her 4 tips for those who want to get started:
    • Chat with a broker who knows his/her stuff and will tell you about your borrowing capacity
    • Think what you want out of property investing
    • Subscribe to a property investing magazine you’ll enjoy reading
    • Don’t be too scared and procrastinate into not doing something
  • Cate Bakos Property

Quick tip and action

  • Look back at your investing journey and assess the learnings and mistakes you’ve encountered, where have you been and where you are headed

  • Take the time to acknowledge that you are progressing–or if you haven’t started, why not start now?

Filed Under: Podcast Episode, Podcasts

EPI 114 | Bookkeeping requirements for property investors

September 14, 2016 by 2 Comments

Everyday property investing - podcast episode

EPI 114 | Bookkeeping requirements for property investors

LISTEN via streaming audio (00:48:08 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 114 | Bookkeeping requirements for property investors (21.7MB)

What’s news

  • Cate Bakos (Cate Bakos Property) on the current market conditions in Melbourne
  • Entry level points for Units and Houses in Melbourne

 

Feature – Bookkeeping requirements and how to do it properly

In our feature segment today we talk to Penny Buchanan of The Property Investor’s Bookkeeper to talk about:

 
  • How much holding a property is costing you
  • So you have an accounting software—now what?
  • Why it’s important NOT to wait until the end of financial year to have things in order
  • Understanding your financials
  • The Property Investor’s Bookkeeper

Quick tip and action

  • Take a look at your investment property bookkeeping systems—are they working for you? Are you collecting information and are you going about it the right way?

  • Use a spreadsheet, Xero or any bookkeeping system or any online tool related to property investing –whatever you use, make sure it is working for you!

Filed Under: Podcast Episode, Podcasts Tagged With: , ,

EPI 113 | Tackling common property questions with Lisa Parker

August 17, 2016 by Leave a Comment

Everyday property investing - podcast episode

EPI 113 | Tackling common property questions with Lisa Parker

LISTEN via streaming audio (01:12:08 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 113 | Tackling common property questions with Lisa Parker (34.6MB)

What’s news

  • Property reports and data
  • Dealing with a seller with unrealistic expectations

 

 

Feature – Common property questions

In our feature segment today we get Lisa Parker’s take on some of those common property questions we’ve chatted about recently:

 
  • Houses vs Units
  • Buy and Hold vs Quick turnover
  • Capital growth vs Cashflow
  • Inner city vs outer suburbs
  • Build vs buy established
  • Buy PPR first vs buy IP first

Quick tip and action

Filed Under: Podcast Episode, Podcasts, Property Interviews, Property Investing Tagged With: ,

EPI 112 | Can a retirement village purchase really be an investment?

July 21, 2016 by Leave a Comment

Everyday property investing - podcast episode

EPI 112 | Can a retirement village purchase really be an investment?

LISTEN via streaming audio (01:01:54 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 112 | Can a retirement village purchase really be an investment? (29.7MB)

What’s news

  • Buyer’s Agent Lisa Parker talks about the Melbourne market whilst Kaz shares about cyber stalking a seller regarding pre-settlement cleanliness of the house

 

 

Feature – Richard Andrews, leading expert in retirement villages

 

 Richard Andrews – leading expert in retirement villages
Book: Don’t buy your retirement home without me
Website: RetirementVillageAdvice.com.au OR FindMyRetirementHome.com.au

  • What is a retirement village?
  • Types of retirement villages
  • How the loan/lease and loan/licence arrangement work
  • What other fees and charges are there?
  • How different is buying a unit in a retirement village to buying a standard freehold or strata-titled property?
  • How is a retirement village different to aged care?
  • What kind of accommodation do you find in villages?
  • Top tips for someone considering a retirement village
  • How would I invest in a retirement village?

 

Quick tip and action

  • Your existing properties and property management information
  • Some people use spreadsheets, some use software systems
  • Have somewhere that you record quick reference information about your properties – address, current value, loan value, current rental amount, management details – contact details.

Filed Under: Podcast Episode, Podcasts Tagged With:

EPI 111 | Find your ‘why’ and joint ventures with Matt Jones

May 25, 2016 by Leave a Comment

Everyday property investing - podcast episode

EPI 111 | Find your ‘why’ and joint ventures with Matt Jones

LISTEN via streaming audio (01:02:43 min): 

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DOWNLOAD (Right click and ‘Save as’):  EPI 111 | Find your ‘why’ and joint ventures with Matt Jones (60.2MB)

What’s news

  • Melbourne Buyer Agent Lisa Parker climbing off her sick bed to speak to Kaz! Kaz in the midst of a backup contract saga.

 

 

Feature – Finding your ‘why’ and Joint Ventures with Matt Jones

 

 

Quick tip and action

  • Take a moment to think about your why.
  • Why do you want to invest in property, what is your motivation?
  • This is a good exercise to do along with your goal setting.  Goals are good but they are often not the reason that keeps you going
  • As we heard in our interview with Matt, you can make amazing things happen in your life if you have a strong why, you set some goals and you take action.

Filed Under: Mindset, Podcast Episode, Podcasts, Property Investing Tagged With: , , , ,
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