This episode we tackle one of the most common questions that we get asked – How do you find positive cashflow property? Key points we talk about: The Block – making renovations profitable! Auctions Mining towns and boom locations Research steps to find positive cashflow properties Niche properties – retirement village, holiday rental, student accommodation, […]
Property investing and keeping tax records
It’s tax time! A critical time of year for property investors, and it’s imperative that you’re ready for the tax man. Being prepared for the tax man can be relatively easy, and it doesn’t take much time. I’ve been refining my record-keeping for years! I used to keep all my receipts in a box, just […]
The biggest mistakes investors make: Mistake number 9 – Forgetting about depreciation
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 9 – Forgetting about depreciation […]
The biggest mistakes investors make: Mistake number 6 – Failing to plan
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 6 – Failing to plan […]
The biggest mistakes investors make: Mistake number 5 – Letting your emotions get in the way
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 5 – Letting your emotions […]
Renovation Update #5 – Demolish then rebuild
Well we’re two and a half weeks into the great Traralgon renovation project and I thought I’d show you where things are at with another little video walkthrough. Renovation sure is an active property investing strategy – particularly when you are the one doing a lot of the work! We’re doing pretty well so far, […]
The biggest mistakes investors make: Mistake number 4 – Doing it all alone
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 4 – Doing it all […]
The biggest mistakes property investors make: 3 – Listening to the wrong people
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 3 – Listening to the […]
The biggest mistakes property investors make: 2 – Buying in the wrong entity
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 2: Buying in the wrong […]
Renovation Update – #2 Pre-settlement access and tasks
I’ve got a couple of things that I wanted to cover in today’s renovation update: Pre-settlement access Tasks that you can do pre-settlement 1. Pre-settlement access Time is a really important factor is completing a profitable renovation, because as you know, properties have holding costs and the longer you take to complete your renovation, the […]
The biggest mistakes property investors make: 1 – Starting too big
Successful property investing is easier than most people think. The mistakes that prevent most would-be property millionaires from realising their potential are predictable and easy to avoid. In this series of blogs, Den details each of the most common mistakes and how to ensure you don’t make them. Mistake number 1: Starting too big One […]
Renovation Update – #1 Planning our attack!
Wow, now this is exciting! Our first renovation update! Now you can watch along at home as we take on our first home renovation project! Just to fill you in on the details: Location: Traralgon, Victoria Details: 2 bedroom, 1 bathroom Purchase Price: $165,000 Positives: Large corner block with subdivision potential, generally good structure with […]