Wealth Coffee Chats: Recent Episodes
Jason Whitton
Looking for a daily update on creating the wealth of your dreams?
Do you want property investment explained in a simple language?
Do you want to learn it whilst sipping on your coffee?
Then you’re in the right place! Join me for a daily coffee and chat about all things wealth.
With a strong focus on real estate wealth, you’ll cut through the confusion and overwhelm that stops most people in their investment tracks.
For the live edition of the episode, where I can answer your questions live, join me on Facebook
It’s Tax Tuesday, and this Wealth Coffee Chat is all about audit-proofing your property and financial life. Daniel McPherson reveals a simple three-step system to avoid ATO audits, reduce penalties, and protect your wealth. Learn how to keep clean records, lodge on time, and stay transparent—especially if you're earning through Airbnb, crypto, or side hustles. With billions of data points collected annually, the ATO knows more than you think. Are you audit-ready?
In this special Finance Friday from the Property Summit 2025, we dive deep into global equity markets and the powerful role of diversification. With the ASX hitting record highs, tariffs cooling, and global economies rebounding, where should investors focus next? Explore how markets in the US, Europe, Asia, and Australia have performed over the past 2 months, 6 months, and 5 years—and what it means for your portfolio. Whether you're investing via super or directly, understanding global trends is crucial to building a resilient strategy in today's volatile environment.
Many landlords choose property managers based on one question: What are your fees? But is saving two cups of coffee a week worth risking tens of thousands in damages and lost rent? In today’s Wealth Coffee Chats Property Management Edition, Cashloss dives into the most common and costly mistake landlords make when appointing a low-fee agent. Learn what detailed questions to ask, what red flags to look for, and how to assess real value—not just price—when it comes to protecting your property investment.
As we approach June 30, understanding Division 293 tax is critical for high-income earners and property investors making super contributions. In this episode, tax advisor Anthony Wolfenden breaks down how Div 293 works, who it affects, and why capital gains from property sales could unexpectedly trigger this extra 15% tax on concessional contributions. You’ll learn how to plan your super strategy smartly—even when the ATO wants a bigger piece of your gain.
In this Finance Friday edition of Wealth Coffee Chats, Positive Money brokers Damien Hauser and Sarah Shown break down what every buyer needs to do after purchasing an off-the-plan property. From managing borrowing capacity to releasing equity at the right time, this episode is packed with practical steps to help you reach settlement with confidence. Learn how lifestyle changes, job moves, and even credit card applications can affect your loan approval—and why regular broker check-ins are essential for success.
In this final episode of the asset allocation series, Alex from Positive Real Estate dives into the world of alternative investments—a misunderstood yet potentially powerful part of a diversified portfolio. Learn about the role of gold, Bitcoin, private equity, and even art and collectibles in your investment strategy. Alex breaks down how these assets perform, their risks, and how they can be included across personal investments, retail super funds, and self-managed super funds (SMSFs). A must-watch if you're serious about long-term wealth building and want to understand the full picture of asset allocation.
In this Property Management edition of Wealth Coffee Chats, we break down the findings from over 11,500 rental audits conducted in Victoria. What do the results say about minimum standards, property compliance, and the role of property managers and landlords? Host Cass Shostak shares insights on compliance trends, common failures (like mold and ventilation), and why staying ahead of these standards is not just good practice—it’s a smart investment strategy. Plus, find out how to access your Minimum Standards Checklist to avoid costly fines and protect your asset.
Tax Tuesday is here, and this Wealth Coffee Chat is packed with critical strategies you can still implement before June 30 to dramatically reduce your tax bill. Whether you're a business owner, property investor, or PAYG employee, this episode breaks down proactive tax planning tactics—from instant asset write-offs and superannuation contributions to prepaying expenses and claiming depreciation. Don't leave money on the table—take control of your financial future while there's still time!
In this Finance Friday edition of Wealth Coffee Chats, we unpack how a simple repayment strategy could save you over $61,000 in interest and shave years off your home loan. Discover the power of maintaining current repayment levels after a rate drop, why banks don’t always adjust your minimum repayments, and how brokers calculate your true borrowing capacity. With insights into HEMs, budgeting, and lender conversations, this episode equips you with practical tools to take control of your property finance journey. Don’t forget—Positive’s Property Summit is just around the corner!
In today's Wealth Coffee Chat, Alex breaks down the dynamic world of equities—also known as shares—and why they’re considered the most active asset class in your portfolio. From global diversification and blue-chip stocks to index funds and franking credits, discover how this high-risk, high-reward asset class can fast-track your wealth-building journey. Learn the key distinctions between direct equities, managed funds, and the hidden exposures within your super fund. Whether you're a seasoned investor or just starting out, this episode helps demystify one of the most talked-about investment vehicles in today's market.
In this special Property Management edition of Wealth Coffee Chats, Cass Shostak explores a concerning trend—22% of property investors are selling within just 12 months. What’s causing this rapid turnover, and what can you do to avoid it? Cass breaks down the real costs of selling too soon, the long-term benefits of holding, and how tightening vacancy rates and rental returns play into the bigger picture. Plus, find out how the upcoming Property Summit could help you stay in the game and build lasting wealth.
On this episode of Wealth Coffee Chats, we deep-dive into the pros and cons of using a Self-Managed Super Fund (SMSF) to invest in property, shares, and cryptocurrency. Discover how to structure your SMSF to minimise costs and maximise long-term returns, and learn why loan management is the secret to supercharging your wealth inside Super. Whether you're a business owner eyeing commercial property or an investor weighing crypto versus shares, this episode breaks it all down. Get smarter with your SMSF strategy—your future self will thank you.
In this Finance Friday edition of Wealth Coffee Chats, we dive into what the latest 0.25% interest rate cut means for investors and homeowners—and how to use it to your advantage. Learn how to review your current mortgage, calculate available equity, and prepare to access funds for your next property purchase. With lender tactics, broker negotiation tips, and simple formulas to estimate borrowing capacity, this episode equips you with the practical tools to act confidently in today’s shifting market. Plus, we spotlight the upcoming Property Summit and why it’s a must-attend.
Property might be Australia’s biggest asset class, but did you know it’s often underrepresented in your superannuation portfolio? In this episode of Wealth Coffee Chats, Alex dives deep into the true role of residential and commercial property in long-term wealth strategy. Learn how property compares to other asset classes, why it's not as liquid as you might think, and how it fits within your income and retirement goals. A must-watch for any investor aiming for balance and performance in their portfolio.
Can you charge more than market rent? In this episode, Cass Schost and Dean Offering break down a real investor case study from Pallara, QLD—where smart upgrades like solar, Ethernet wiring, and security tech helped push the rent $170 above market average. Learn how to increase cash flow, attract premium tenants, and shorten days on market using targeted strategies for high-demand homes. A must-watch for investors looking to squeeze more value out of their properties.
Thinking about subdividing or building out the back of your property? Before you grab the shovel, tune in to this Tax Tuesday episode where Daniel McPherson explains the hidden risks in backyard developments. From finance pitfalls and GST to losing your main residence exemption, this session breaks down why these “mum and dad” projects require serious planning. Learn how to avoid costly mistakes and unlock your equity the smart way.
With fixed interest rates dropping and lenders offering better deals to new clients, now is a prime time to renegotiate your mortgage. In this episode of Wealth Coffee Chats, we explore how to secure a better rate, the power of discharge forms, and why reviewing your loan structure annually is critical—especially for investors scaling their portfolios. Learn actionable finance tips to protect your cash flow and set yourself up for the next property purchase.
Fixed interest investments like bonds and term deposits are often overlooked—but they play a powerful role in protecting and stabilising your portfolio. In today’s Wealth Coffee Chat, our resident financial planner breaks down what fixed interest really is, how it works, and why it matters in 2025. Learn about government vs corporate bonds, how interest rate changes impact capital value, and how this underrated asset class complements your wealth-building strategy.
Only 45% of Australian property investors have adequate landlord insurance—are you one of them? In this Wealth Coffee Chat, Cash Schost dives into a recent real-world scenario that highlights why every investor must understand the fine print of their insurance policy. Learn what’s covered (and what’s not), key updates from top providers like Terri Scheer, and how to avoid costly mistakes when managing tenants, pets, rent arrears, and storm damage.
Thinking about starting a Self Managed Super Fund (SMSF)? In today’s Wealth Coffee Chat, financial advisor Anthony Wolfenden kicks off a brand-new series demystifying SMSFs. He unpacks what they are, who they're for, why they’ve exploded in popularity, and the key compliance rules every investor must understand. From tax advantages to potential pitfalls, this episode sets the foundation for strategic retirement investing in 2025.
What’s the real reason behind your property investing journey? In today’s Wealth Coffee Chat, we dig into the deeper “why” behind wealth creation—from passive income and early retirement to legacy planning for your kids. Jason unpacks the long game of property investing, reminding us that it's not just about building wealth—but also about living a long, healthy, and fulfilling life. Plus, hear about special guest Marcus Pearce and why health is your most undervalued investment strategy. Ready to rethink your wealth goals?
Labours is in power whIn this episode of Wealth Coffee Chats, we break down the latest government housing initiatives and what they mean for both new and existing property owners. Discover how changes to the Home Guarantee Scheme, the Help to Buy program, and battery rebates could impact your strategy. We also discuss the implications of anticipated interest rate cuts on lending power and property affordability. Whether you're buying your first home, investing with friends, or planning your next move, now’s the time to prepare with your broker and the Positive Six Star Team.at this may mean for first home buyers and current home owners
3 Taxes to Keep an eye In today’s Wealth Coffee Chat, Andy Fenton dives into three looming tax changes that could shake up property investing in Australia: Capital Gains Tax on your Principal Place of Residence, the controversial $3M Super Cap tax, and the ever-debated Negative Gearing. With the government now holding firm legislative control, these proposals might be closer than we think. Discover what they mean, why they matter, and how investors can prepare now to protect their portfolios and retirement plans. Stay informed, stay ahead — because these policy shifts could impact every stage of your wealth journey.on under the current Government.
As the end of financial year (EOFY) approaches, it’s easy to fall into the trap of deduction-driven spending—but is it really saving you money? In today’s Wealth Coffee Chat, Daniel McPherson unpacks “deduction-itis,” the dangerous mindset that leads investors and business owners to waste cash under the guise of tax savings. From flashy car purchases to overpriced tech, we explore real-life examples, smarter strategies, and how to keep your wealth on track. Discover EOFY tax tips, compliance pitfalls, and why your cash flow matters more than deductions.
In this Finance Friday episode of Wealth Coffee Chats, we break down one of the most powerful yet misunderstood mortgage tools: the offset account. Discover the real difference between paying your loan weekly, fortnightly, or monthly—and why it matters depending on your loan structure. Learn strategic ways to use offset accounts and credit cards together to minimise interest, manage expenses smartly, and accelerate your home loan repayment. Plus, find out what banks are signalling about upcoming interest rate cuts and how you can prepare.
In this episode of Wealth Coffee Chats, we unpack why cash is still king — but only if you know how to use it. Our financial planning expert dives into the strategic role of cash in your asset allocation, from navigating short-term volatility to avoiding the long-term erosion of purchasing power due to inflation. Learn how to keep cash working for you, not against you, and when to deploy it to maximise your investment position. Perfect for property investors wanting to stay sharp in dynamic markets.
In this Property Management edition of Wealth Coffee Chats, Cass dives into a real-life rental horror story making headlines — and what you can do to avoid the same fate. Learn the crucial questions every investor should be asking their property manager before signing a lease. From tenant screening tips to open home red flags, this episode arms you with practical strategies to safeguard your property and maximise returns. If you're about to lease, settle, or re-tenant a property, this is a must-watch!
In this episode of Wealth Coffee Chats, Daniel McPherson dives into practical strategies for mastering cash flow—one of the most critical drivers of long-term financial success. Whether you're a small business owner or a leveraged property investor, you'll learn how to optimise income, manage expenses, and avoid common pitfalls that can lead to insolvency. Discover how to forecast effectively, create financial buffers, and structure smarter cash flow systems in today's volatile economy.
In today's Wealth Coffee Chat, Jason Whitton is joined by Andy Fenton to unpack whether the upcoming election will genuinely affect property investors in Australia. With both major parties sitting on the fence, the conversation dives into real concerns around negative gearing, capital gains tax, and the staggering lack of supply-side solutions. Jason and Andy also expose how foreign investment incentives are sidelining Aussie investors and why policy changes often do more harm than good. Plus, learn how to future-proof your wealth strategy—regardless of who wins power.
In today’s Wealth Coffee Chat, Senior Financial Adviser Alex dives into the only thing investors can truly control—asset allocation. Using Tesla’s surprising stock rally after poor earnings as a real-world example, Alex unpacks how market logic can defy investor expectations and why a diversified portfolio is essential. Whether you're all-in on property or new to investing, learn how to protect and grow your wealth through smart asset choices. Let's Wealth Coffee Chat!
In today’s episode of Wealth Coffee Chats, Cass unpacks the remarkable capital and rental growth seen in Brisbane's Chermside since 2022—specifically for investors who purchased during the COVID era. Discover how values have surged by up to $250K and rents climbed as much as $200 per week in just a few years. Cass also shares essential insights on the importance of strategic holding, market timing, and staying aligned with your investment plan. Whether you're holding or thinking about selling, this episode is your wake-up call to check in with your Six Star Team. Let's Wealth Coffee Chat!
In today's Wealth Coffee Chat, tax financial advisor Anthony Wolfenden dives into tax-efficient strategies for Australian property investors. Learn how different entities—individuals, companies, trusts, and superannuation—affect your tax obligations and how choosing the right structure can save you thousands. Discover the two tax-free vehicles every investor should consider, and get expert tips on navigating negative gearing and income distribution. Plus, don’t miss the exciting details about the upcoming Property Summit on the Gold Coast this June! Let's Wealth Coffee Chat!
In this Wealth Coffee Chat, Senior Financial Advisor Alex from the 6-Star Team breaks down how global market shifts—particularly the US-China tariff battle and bond market volatility—can ripple through your property and investment strategy. With sudden equity swings and rising bond yields, it's never been more critical to stay grounded in a long-term plan. Discover why incremental investing, strategic asset allocation, and expert guidance matter more than ever in times of economic turbulence. Plus, don’t miss a reminder about the upcoming Property Summit in June! Let's Wealth Coffee Chat!
In today’s episode of Wealth Coffee Chats, we dive into a real-life client success story from our Property Management team. Discover how a strategic renovation in Brisbane turned a tired townhouse into a high-demand rental — increasing returns by over $8,000 annually! Cass and guest Dean break down the before-and-after transformation, share the exact upgrades used, and reveal how smart investors can maximise rental yield with minimal spend. If you're a property investor wanting more cash flow, this one’s for you. Let's Wealth Coffee Chat!
It's Tax Tuesday, and Anthony Wolfenden is here to walk you through the must-know strategies for effective tax planning as we near the end of the financial year. Discover why April is the prime time to act, what documentation you need, and how to use payroll variations and deductions to your advantage. Learn how to minimise capital gains tax, maximise your returns, and set yourself up for a stronger financial year ahead. Whether you're a seasoned investor or just getting started, these insights could save you thousands. Let's Wealth Coffee Chat!
In today’s Wealth Coffee Chat, Jason Whitton delivers a fiery breakdown of the three biggest threats to your financial future: banks, the ATO, and politicians. With Australia heading into an election, he exposes the hidden costs and short-sighted policies wrapped in “voter-friendly” housing incentives — like tax-deductible mortgages and 5% deposit schemes. Jason argues these promises won’t solve the real housing crisis and calls out the systemic failure to support builders, unlock land supply, and enable real property development. Lets Wealth Coffee Chat!
In today’s episode of Wealth Coffee Chats, we reveal how property investors can save tens of thousands simply by reviewing and renegotiating their home loan interest rates. Cang shares insider strategies used by brokers and seasoned investors to negotiate better deals—even without refinancing. Plus, hear the latest updates on HEX debt changes, APRA lending buffers, and how they impact your borrowing power. Let's Wealth Coffee Chat!
In today's Wealth Coffee Chat, we unpack the latest global market volatility triggered by Trump's new reciprocal tariffs and how it’s affecting investment strategy, interest rates, and property markets. Discover the ripple effects on supply chains, gold, and crypto, and what savvy investors can do now to stay ahead. We also spotlight the upcoming Property Summit on the Gold Coast – a must-attend for anyone serious about building a sustainable passive income through real estate. Tune in for expert insights from the 6-star team and stay on course with your wealth creation journey. Let's Wealth Coffee Chat!
Big changes are coming for Queensland landlords and property managers from May 1st with the rollout of Stage 2 rental reforms. In today’s Wealth Coffee Chat, Cass breaks down the upcoming changes to rental application forms under the RTA's new regulations. From restrictions on what questions landlords can ask, to privacy concerns with shared applications, this update is essential viewing for all property investors. Plus, get an inside look at what this means for screening tenants, maintaining compliance, and protecting your investments in 2025 and beyond. Let's Wealth Coffee Chat!
In this Wealth Coffee Chat, Daniel McPherson from Positive Tax Solutions dives deep into the often-overlooked strategy of salary sacrificing and how it can significantly impact your financial future. Learn how smart structuring—like Novated leases and super contributions—can slash your tax bill, increase your savings, and improve your borrowing power for property investment. Whether you're a government worker, not-for-profit employee, or private sector professional, this episode unpacks practical, real-world tips to help you unlock more value from your income. Plus, don't miss the announcement about the upcoming Property Summit on the Gold Coast! Let's Wealth Coffee Chat!
In today's Wealth Coffee Chat, Jason Whitton unpacks the three critical phases every property investor must understand: Acquisition, Consolidation, and Lifestyle/Legacy. Learn how to build wealth using the "Three Lanes of Wealth", deploy the "Seven Plans", and assemble your Six-Star Team to navigate your journey. From buying your first five properties to tax-efficient exits and upgrading old assets, this episode is packed with practical insights for long-term success. Don’t miss the debt recycling strategies and transformation models that can fast-track your financial freedom. Let's Wealth Coffee Chat!
In today’s Finance Friday edition of Wealth Coffee Chats, we break down a powerful debt recycling strategy that can significantly improve your borrowing capacity and reduce non-deductible debt. Learn how to smartly use funds in your offset account to convert bad debt into good debt while staying compliant with ATO and lending requirements. Plus, hear the latest update on servicing buffer changes and what they could mean for your future investment opportunities. Don’t miss this practical breakdown from our Six Star Team! Let's Wealth Coffee Chat!
Donald Trump has dropped a political bombshell with new global tariffs—including a total ban on Australian beef imports to the US. In today’s Wealth Coffee Chat, the team unpacks how this sudden trade shift could ripple through global markets and impact Aussie investors. From market volatility to inflationary pressure and long-term diversification strategies, discover how to navigate uncertainty and spot potential opportunities in the chaos. Whether you're building a property portfolio or diversifying with equities and gold, this episode is a must-watch for smart financial planning. Let's Wealth Coffee Chat!
Are you across the fine print of your lease agreement? In this episode of Wealth Coffee Chats, Cass from Positive Real Estate’s 6-star Property Management team breaks down key clauses every property investor must understand to avoid costly mistakes. From emergency repair protocols to rental increases, water compliance, and pet clauses, Cass walks through a Queensland lease agreement (relevant nationwide) and highlights what often catches landlords off guard. Tune in to safeguard your investment and streamline your property management journey. Let's Wealth Coffee Chat!
In today’s Tax Tuesday Wealth Coffee Chat, Anthony Wolfenden dissects the underwhelming 2025 Federal Budget and its limited impact on property investors. With lacklustre tax cuts and no substantial reforms on housing, infrastructure, or climate, investors are left questioning what's really changing. Anthony also dives into the rising gap between Reserve Bank cash rates and actual mortgage rates, challenging the narrative of banking "competition" and calling for genuine financial reform. If you're a property investor navigating the current landscape, this episode is a must-watch. Let's Wealth Coffee Chat!
Are you falling for one of the biggest property myths in Australia? In this episode of Wealth Coffee Chats, Positive Real Estate coaches Jared Redman and Fadi Najjar team up to debunk the top 10 most common property investment myths—from the illusion of "one property market" to the belief that "cash flow is king." Whether you're a beginner or seasoned investor, this straight-talking session will help you avoid costly mistakes and reshape your investment mindset. Learn why strategic, data-backed decisions beat hype, and how to grow your wealth the smart way. Let's Wealth Coffee Chat!
Thinking about buying your first home or diving into property investment in 2025? In this episode, Damian Hauser and Sarah Shome from Positive Money break down everything first-time buyers need to know—from understanding your finances and borrowing power, to exploring government grants like stamp duty exemptions and the Help to Buy scheme. They also tackle real-world questions about casual employment, second jobs, and when to pivot your property strategy. Whether you're buying to live or invest, this chat gives you the clarity and confidence to take the first step. Let's Wealth Coffee Chat!
In today’s fiery Wealth Coffee Chat, Jason dives into the 2025 Federal Budget’s bold housing claims — including the government’s promise to build 1.2 million homes. With construction costs soaring, builders going bust, and contradictory foreign investment policies, Jason unpacks why these promises may be more fiction than fact. Discover why property investors must take control of their future and how you can be part of the solution in a broken system. Let's Wealth Coffee Chat!
In today’s Wealth Coffee Chat, we dive deep into the world of interest deductibility—a must-know strategy for property investors looking to optimise their tax position and grow their portfolio smarter. From understanding deductible vs. non-deductible interest to structuring your loans correctly, we unpack essential tactics including construction loan deductions, debt recycling, and offset vs redraw accounts. Don’t miss these practical tips that could save you thousands and boost your long-term property investing success. Let's Wealth Coffee Chat!
Ever feel like giving up on your property investment journey because it "just doesn’t feel right"? In this episode of Wealth Coffee Chats, Jason Whitton shares a powerful mindset shift learned from some of the world's top coaches: stick to the plan, not the mood. Discover why emotions are often your worst advisor and how staying disciplined with your strategy can unlock serious long-term wealth. Jason also walks through how he’s upgrading his portfolio for better results — and why timing, strategy, and smart decisions matter more than how you feel on any given day. Let's Wealth Coffee Chat!
In today’s Wealth Coffee Chat, we break down major changes to lenders mortgage insurance (LMI) waivers that could fast-track your property journey—especially if you’re in the medical, legal, or emergency services fields. Learn how new LMI policies from CBA and NAB could help you or someone you know borrow up to 90% without the costly insurance premium. Plus, we unpack how mortgage insurance really works behind the scenes and explore strategic ways to structure your loan to save more and invest smarter. Grab your coffee and let's dive in! Let's Wealth Coffee Chat!
Big changes are coming to superannuation in 2025—are you ready? In today’s Wealth Coffee Chat, Alex from Positive Real Estate’s financial planning team breaks down the upcoming increases to the Super Guarantee and Total Super Balance cap. Discover what these updates mean for your salary, your retirement planning, and your tax strategy. Whether you're a young professional or approaching retirement, understanding how to maximise your super could save you thousands and boost your long-term wealth. Let's Wealth Coffee Chat!
Are you facing issues with your new build investment property? In this Property Management Wednesday episode of Wealth Coffee Chats, Kat Shostan breaks down the most common types of building defects and what every property investor needs to do when they arise. From roller door failures to paintwork imperfections, learn why defects are inevitable, how to handle them like a pro, and the role of your property manager and building inspector in protecting your asset. Tune in to find out how to avoid costly mistakes and stay calm through the process! Let's Wealth Coffee Chat!
In this Tax Tuesday episode, Anthony Wolfenden uncovers the often-overlooked Div 293 tax—a sneaky surcharge from the ATO that can sting high-income earners after a property sale. If you’ve made a capital gain and contributed to super, this hidden tax could cost you up to $4,500 without warning. Learn how Div 293 is triggered, how it’s calculated, and why even smart investors can get caught out. Don't be surprised at tax time—be prepared. Let's Wealth Coffee Chat!
Big news for first home buyers! In today’s episode, Jason dives into the game-changing government grants and stamp duty exemptions across Australia—some states are offering up to $60,000 in combined savings. From Queensland’s $30K grant to zero stamp duty in Victoria, Jason breaks down how savvy buyers can leverage these incentives to get into the market with minimal cash. Plus, discover how strategies like the Bank of Mum and Dad and family guarantee loans can fast-track home ownership. If you’re a first-time buyer (or know someone who is), don’t miss this one! Let's Wealth Coffee Chat!
Self-Managed Super Funds (SMSFs) are powerful tools in your property investing journey—but they don’t work without the right team. In today’s episode of Wealth Coffee Chats, we dive into the crucial professionals you need to set up an SMSF and unlock borrowing potential. Discover how the wealthy use a “family office” approach to align accountants, brokers, financial planners, and solicitors toward one goal: financial freedom. Plus, learn how to protect and preserve your wealth long after you’ve acquired it. Let's Wealth Coffee Chat!
In today’s Wealth Coffee Chat, Jason unpacks the top three risk management essentials every property investor needs to safeguard their portfolio. From tenant troubles to natural disasters, discover how a great property manager, the right insurance, and a well-funded buffer account can protect you when things go wrong. Learn why proactive planning beats reactive stress, and how to future-proof your investing journey for long-term success. Whether you're just starting or scaling your portfolio, these tips are absolute musts. Let's Wealth Coffee Chat!
What if you could get the benefits of a high-net-worth family office—without the seven-figure price tag? In today’s Wealth Coffee Chat, Daniel McPherson from Positive Tax breaks down how everyday Aussies can replicate the power of a cohesive professional team. Learn why aligning your planner, broker, accountant and strategist can unlock smarter wealth creation, reduce costly mistakes, and fast-track your property investing goals. Tune in for real-world examples, practical tips, and the mindset shift that could change your financial future.
In today’s special Finance Friday episode of Wealth Coffee Chats, Cang is joined by members of Positive’s six-star team live from the Positive Money team, live from the Exit Plan. The team deep-dives into the real impacts of casual and contract income on your borrowing power, sharing real client scenarios, loan preparation tips, and lender insights. Whether you're switching roles, adding a second job, or going from full-time to ABN-based contracting, this is essential viewing before applying for a loan. Learn how to proactively structure your income for long-term property investment success.
In this episode of Wealth Coffee Chat, Cass Sjostedt from R&W Plus discusses the critical differences between wear and tear and tenant damage in property management. Cass walks us through the importance of understanding these concepts for landlords to effectively manage their properties and maintain good relationships with tenants. Cass covers best practices for property management, including regular inspections and documentation, budgeting for maintenance and setting clear expectations with tenants. Do you want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Anthony Wolfenden from Positive Tax Solutions discusses the intricacies of capital gains tax (CGT) and its implications for property investors in Australia.
Anthony walks us through the importance of understanding CGT as an income tax rather than a capital gains tax and outlines strategies to mitigate its impact, including holding properties for over 12 months, offsetting gains with losses and utilising superannuation contributions. Do you want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Positive Real Estate founder Jason Whitton discusses the importance of real estate investing and retirement planning. Jason walks us through the need for a substantial income during retirement, arguing that the average figures provided by the government are nowhere near enough! 70k a year for retirement? No way. Do you think this is enough to retire on? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through the recent developments in the mortgage and property market, including rate drops, stamp duty concessions for first home buyers in Queensland and the challenges of low property valuations. You need to prepare yourself, financially and mentally for property purchases, particularly in managing potential low valuations and understanding deposit bonds for off-the-plan purchases. Are you prepared for a low property valuation? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus discusses the critical role of property managers in real estate investment and the potential legal pitfalls that can arise from poor management. Cass shares with us a cautionary tale about a landlord facing legal action due to the negligence of their property manager, emphasising the importance of understanding legal processes and choosing the right management team. Do you think you have the RIGHT property manager for your investment? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Anthony Wolfenden from Positive Tax Solutions discusses the intricacies of capital gains tax, particularly focusing on its implications for property investors in Australia. Anthony walks us through how capital gains tax functions as an income tax, the importance of planning for tax consequences when selling asset and strategies for managing and minimising tax liabilities. Do you want to pay less Capital Gains Tax? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Damien Hauser discusses the recent reduction in interest rates and its implications for personal finances. Damien walks us through the importance of understanding how this change can affect mortgage repayments, refinancing options and overall financial planning. How important is it to communicate with your broker to stay ahead of interest rate cuts? Very! Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Brennan Latimer, the Director of R&W Plus walks us through the rapid changes in the local real estate market that are set to come our way over the next 5 years. By the end of 2025, Australia’s population will grow by over 1 million; will this affect the housing market? What are governments doing to help the problem? And how will this affect the investment community? Let’s Wealth Coffee Chat!
In this Tax Tuesday edition of Wealth Coffee Chats, Daniel Macpherson from Positive Tax Solutions discusses the critical distinctions between repairs and improvements in property investment, emphasising their implications for tax deductions. In the eyes of the ATO are repairs and improvements the same? Or do they each have their own unique and complex methodologies? Let’s Wealth Coffee Chat!
In this Finance Friday edition of Wealth Coffee Chats, Cang Dang from Positive Money discusses the implications of interest rate changes on loans, the importance of understanding loan repayments and the potential pitfalls of financial hardship agreements with lenders. You need vigilance when dealing with banks and always consult with brokers to navigate the complexities of the mortgage market. Want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chat, Sam Saggers from Positive Real Estate discusses the current state of the real estate market, focusing on the property cycle, economic indicators, and the dynamics of belief versus value in property investment. Sam walks us through the importance of understanding employment rates, inflation, and supply issues in the housing market, while also exploring future trends and potential price increases in real estate. How much do you know about the property cycle? Let’s Wealth Coffee Chat!
Welcome to Property Management Wednesday’s! In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus discusses the importance of understanding tenant demand and how floor plans can significantly influence rental success. Cass walks us through some tips on how to secure tenants faster by avoiding common pitfalls related to property presentation and layout. Is there a direct connection between presentation, floor plans and expected rent in 2025? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Daniel McPherson from the Positive Tax Solutions team discusses the intricacies of trusts, particularly discretionary trusts and their relevance in property investing. What are the benefits they offer? Asset protection, tax minimisation, and increased borrowing capacity. Do you want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Tabitha Bright from Positive Real Estate’s adviser team discusses the critical phase of consolidation in property investment, emphasising the challenges investors face, such as financial barriers and market fears. Tab shares some personal experiences and insights on navigating these challenges, highlighting the importance of having a solid plan and being proactive in overcoming obstacles. Are you in the consolidation phase of your journey? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the importance of refinancing home loans, especially in the context of changing interest rates and personal financial situations. What are the key signs that indicate it may be time to refinance? It all depends on financial circumstances, the length of time since the loan was taken out, and the potential to leverage equity for investments. But when is the right time for YOU? Let’s Wealth Coffee Chat!
Can you create INSTANT equity from your property investment purchases? Absolutely you can. In this video Positive Real Estate’s Jason Whitton breaks down the step-by-step blueprint to generating instant equity from property discounts, as well as walking us through the multitude of ways that investors can find great discounts on their purchases. How? Let’s Wealth Coffee Chat!
In Australia you’re constantly playing the game of tax; what’s that? It’s the back and forth between you and the ATO, the push and shove as you attempt to legally keep the money you earned in your own pocket. In this video, Jason Whitton from Positive Real Estate walks us through ‘The Rule of 30’, that is, the ways that everyday Australians can adjust their personal tax, super and business tax to find significant legal tax cuts and boost their wealth generation. Want to know more? Let’s Wealth Coffee Chat!
Join Jason Whitton and Dr. Andrew Wilson in this episode of Wealth Coffee Chats as they delve into the latest developments in the Australian property market. They'll cover key topics including interest rates, housing trends and the economic forces shaping real estate investments. Discover the effects of declining inflation, possible interest rate reductions and how different housing markets across Australia are responding. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through the almost sure-fire signs of a potential rate cut and how to prepare for them. The big banks sure believe it’s about to happen, so as a property investor what do you need to do to prepare your financial planning, your budgets, and when should you start talking with lenders and accountants about your borrowing capacity? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, R&W Plus’ Cass Sjostedt discusses the current state of the rental market, focusing on rent growth, vacancy rates and strategies that property managers can employ in 2025. We’ll talk about the challenges faced by property managers and investors, including rising interest rates and compliance issues, while also providing insights into the latest data from CoreLogic. Are you ready for the ultimate guide for renting in 2025? Let’s Wealth Coffee Chat!
Welcome back to Wealth Coffee Chats for 2025!
In this video Jason Whitton walks us through what investors can expect out of Australia’s property market in 2025; with an interest rate cut looming on the horizon, rising property values and no end in sight for Australia’s housing supply issues, will it be boom or bust for Aussie investors? Let’s Wealth Coffee Chat!
In this video Jason Whitton explains how with some simple, and FREE, changes to your mortgage strategy, you can pay off your home loan faster and start using equity to boost your borrowing power for your next property purchase. With the right tweaks you could pay off your home in only 10 years and save over $400k in interest. How? Let’s Wealth Coffee Chat!
How do I keep buying investment properties? It’s simple, increase a bit of this and reduce a bit of that. In this video Jason Whitton explains how being proactive with your ability to borrow and save drastically increases your ability to purchase your next investment property, ensuring that you can continue buying into the future to reach your investment goals. How does that work? Let’s Wealth Coffee Chat!
In this video Jason Whitton from Positive Real Estate introduces us to the 4 (or 5) WOWs, or Weapons of Wealth, that property investors can employ right now into their investment strategies to help generate massive returns. Is it possible to start earning 6 figure sums from your investments, completely tax free? Well, let’s wealth coffee chat!
What is it that you want from property investing? Don’t overthink it. For most of us it’s the ability to generate passive income alongside our regular pay. In this video Jason Whitton breaks down the 4 aspects of property investing that every investor needs to master before they set off on their journey towards their dream income. What are they? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through the new trend from lenders of offering longer loan terms - is this a great way for new investors to get themselves into the market? What are the implications of this? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus reflects on the key learnings from 2024 in property management. He covers the importance of a marketing strategy, tenant selection, entry condition reports, rent review processes and the necessity of landlords insurance. What are the things that YOU should be taking with you into 2025? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Jason Whitton walks us through the eye-opening new trend of second hand properties selling for $20,000 per sqm. If that’s the case, is it better to buy off the plan? What’s driving this new wave of property values? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Damien Hauser, a lending specialist for Positive Money, reflects on the state of real estate finance in 2024. How did your 2024 go, financially? It’s time to reflect on your goals, to consider the impact of inflation and evaluate if you've achieved everything you’ve wanted to accomplish this year. What does 2025 look like for property lending? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus discusses the importance of landlord's insurance, exploring its necessity, coverage details and the implications of not having it. Cass shares with us personal experiences and insights from his 13 years in property management, emphasizing the need for landlords to be aware of their insurance policies and the potential financial risks involved in property investment without adequate coverage. Want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats Jason is joined by Andy Fenton, Director of Fenton Financial and one of Australia’s best professional business minds. Andy and Jason break down the ways that property investors can start to use both their business structures and their tax structures in unique ways to boost the efficiency of their investments long term. Is this something you could take advantage of? Let’s Wealth Coffee Chat!
As changes to lending and property values begin excluding more and more everyday Australians from owning an investment property, real estate is slowly moving into the hands of the mega wealthy. This means fewer and fewer young Australians are buying their own home. What will be the effect of this years from now? Is there anything we can do to help? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chat, Cang Dang from Positive Money discusses the latest updates on interest rate predictions, the intricacies of land loans, and strategies for land banking. He emphasizes the importance of understanding tax implications for land purchases and encourages self-employed individuals to prepare their financial documents for 2024 to maximize borrowing potential. Want to know more? Let’s Wealth Coffee Chat!
Do discount property prices exist for premium investments? Absolutely, but only if you’re savvy enough to know where to find it. There are two markets in Australia right now where you can lock in 2024 property at 2022 prices. Where are they? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus discusses the critical differences between quality and problematic tenancies. He shares insights from recent conversations with property owners, emphasizing the importance of tenant selection, communication, and market trends. Want to know more? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason explains the 3 biggest traps of wealth for property investors: Equity, Structures and Wealth Transference. Without proper planning, in the end, your wealth gets scooped up by the government and you could be left with very little. Want to know more? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Jason Whitton walks us through the unseen costs of building projects and teaches you the ways to work out how to find the best deal for your construction project. Will 2024’s property market drivers be enough to affect building your own investment property from scratch? Let’s Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses strategies for purchasing investment properties under personal names and trusts. Cang walks us through how to maximize borrowing capacity, the benefits of using trusts and the importance of planning for future investments. Where do we start? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt discusses the intricacies of managing short-stay investment properties, particularly through platforms like Airbnb. He shares insights on revenue projections, setup costs, ramp-up periods, and the importance of understanding local regulations. The conversation emphasizes the need for a strategic approach to short-stay rentals, including the potential for increased revenue and the challenges that come with it. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, particularly the recent drop in variable rates by NAB and emphasizes the importance of being prepared for investment opportunities. Cang walks us through the significance of understanding income servicing and borrowing capacity, the choice of entity for property purchases and the impact of deposit sources on loan approval. Are you ready for more? Let’s Wealth Coffee Chat!
In this Wealth Coffee chat, Cass Sjostedt discusses the critical aspects of property management, focusing on a case study where an investor lost $16.5K due to ineffective leasing strategies. He emphasizes the importance of the three P's: Price, Presentation, and Promotion, and introduces a fourth P: Property Manager. How important is a great property manager? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, the impact of APRA guidelines on borrowing and the evolving landscape of tax assessments and lending practices. He emphasizes the importance of communication between borrowers and lenders, especially in light of potential interest rate cuts and the challenges faced in the mortgage approval process. Let’s Wealth Coffee Chat!
In this Wealth Coffee Chat, Anthony Wolfenden and Daniel McPherson discuss the evolving landscape of taxes and government levies affecting property investment in Australia. They focus on the incentives and costs imposed by state and local governments, particularly in Victoria, and the implications for investors. Let’s Wealth Coffee Chat!
Property investment isn’t a quick fix and should never be akin to gambling; investment is a marathon, not a sprint. In this episode of Wealth Coffee Chats, Jason breaks down in detail the differences between investment, trading and gambling, to show everyone that rolling the dice with your future is not the way to build your wealth. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason Whitton sits us down and walks us through the 7 financial mistakes that most people will make in their lifetime. After 25 years in the business of property investing and coaching, what do you think they could be? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of the market, focusing on inflation rates and their potential impact on interest rates. He delves into the costs associated with Lenders Mortgage Insurance (LMI) when purchasing property, explaining how it varies based on loan-to-value ratios. Cang also walks you through the strategies for waiving mortgage insurance, including professional exemptions and government schemes, while emphasizing the importance of structuring loans effectively to minimize costs. Let’s Wealth Coffee Chat!
In this unique episode of Wealth Coffee Chats, Jason Whitton walks us through the latest real estate news and how that will affect investors in Australia: predicted rate cuts will boost property values, negative gearing will ensure a healthier market and supply will continue to be an issue. What does this mean for you? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus walks us through the market update for 2024: what does the rental market look like? Sydney, Brisbane, Perth and especially Adelaide has shown significant growth. Has the rent on your rental properties grown in value over the last 12 months? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Jason introduces the idea of ‘Live Love Legacy’, that is, the simple and effective things we can do to ensure that our wealth creation is passed on to our loved ones and our retirement is fruitful. When is the best time to start planning all this? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Positive Money’s Cang Dang discusses recent developments in the Victorian property market, including a new stamp duty concession for off-the-plan properties. Cang delves into the concept of negative gearing, explaining how it can help investors save on taxes. Lastly we cover the implications of purchasing property under a personal name versus a trust, highlighting the benefits and drawbacks of each approach.
Welcome to Wealth Coffee Chats! In this episode Jason Whitton walks us through what’s happening right now in the Australian property market, the hype surrounding WA, QLD and Melbourne, and where the next capital growth boom will take place. Where you do you think you should invest next? Let’s Wealth Coffee Chat!
So, are ‘Pet Bonds’ an actual thing? In this episode, Cass Sjostedt discusses the complexities surrounding pet bonds in property management, particularly in Australia. He emphasizes the legalities, tenant responsibilities, and the importance of communication between landlords and tenants. Cass also covers the necessity of landlord insurance to protect against potential pet damage, and the proper procedures for handling pet applications. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason Whitton and Dr. Andrew Wilson discuss the current state of the Australian property market, including insights on interest rates, housing trends, and economic factors influencing real estate investing. They explore the implications of falling inflation, the potential for interest rate cuts, and the dynamics of various housing markets across Australia. The conversation also touches on the challenges of supply in the housing sector and the impact of migration on rental markets. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cang discusses the current state of the finance and property market, focusing on interest rates, negative gearing, and government schemes available for home buyers. He emphasizes the importance of timely market entry and offers strategies for saving for a deposit, highlighting the potential impact of rising property prices on savings timelines.
In this episode of Wealth Coffee Chats, Jason Whitton discusses the intricacies of real estate investing, emphasizing the importance of effective bank account systems, avoiding cross-collateralization, and managing cash flow. The conversation delves into structuring loans, setting up banking systems, and strategies for managing negative cash flow while ensuring tax efficiency. Jason provides practical insights and encourages listeners to engage with their financial strategies for better investment outcomes.
In today’s edition of WCC’s Property Management Wednesday, Cass Sjostedt discusses the challenges faced in property management, particularly focusing on the inefficiencies of the tribunal system. He shares personal experiences and insights from a recent property management conference, emphasizing the importance of effective tenant selection and proactive management strategies to avoid costly mistakes. The discussion highlights the need for property managers to be vigilant and engaged in the management process to protect the interests of rental providers. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, our host Jason Whittont discusses the current state of the property market, highlighting the challenges faced by first home buyers in Australia. With the property market reaching a staggering $11 trillion, Jason dives into the difficulties young people encounter when trying to enter the market, including rising prices and the burden of debt. Jason also explores various opportunities and strategies available for first home buyers, including government grants and family support, to help them navigate the complexities of home ownership. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason Whitton discusses the importance of having a solid financial plan, outlining the three key components: wealth creation, protection of assets, and cash flow management. Property investing, insurance, estate planning and understanding tax implications are critical to ensuring property investors a financially stable future. Want to know more? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through everything you’ll need to know to secure lending for your property. What are the financial obligations you’ll need to take onboard? Is 20% really the golden number when it comes to a deposit? Let’s Wealth Coffee Chat!
Rate cuts are expected sometime in early 2025. But what will their effects be? Not just on first home buyers but also on investors. Will investors have greater borrowing capacity or is it all just hot air? Let’s Wealth Coffee Chat!
In this video, Cass Sjostedt from R&W Plus walks us through the definitive list of things that tenants want to see in your property. By making your properties open communal spaces you can increase your occupancies, reduce your vacancies and start boosting your revenue by keeping tenants safe, happy and engaged. Want to know more? Let’s Wealth Coffee Chat!
In this video Jason Whitton walks us through Australia’s forecasted apartment boom; 2 and 3 bedroom apartments are expected to grow in value by 23% in just 2 years, off the back of Australia’s worsening supply issues and a whole generation of people looking to downsize. Want to know more? Let’s Wealth Coffee Chat!
It’s Finance Friday at Wealth Coffee Chats, and in this episode Positive Money Lending Specialist Cang Dang walks us through some examples of using the start of the new financial year to increase your borrowing potential and boost your chances of getting an investment loan. How? Let’s Wealth Coffee Chat.
In this video, Jason Whitton walks us through the three things that every investor, property or otherwise, needs to master before they can start generating serious wealth. Knowing the difference between good and bad debt, the importance of keeping your money in locations with low interest rates and diversifying your assets is key. How do you do this? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus walks you through the all new rental reforms that have just been wheeled out in Queensland. Rent bidding, fixed pricing and re-letting costs are all seeing major updates. What are they and how will they affect real estate investors? Let’s Wealth Coffee Chat!
In this episode, Jason Whitton discusses the Federal Government’s potential proposal to adjust or change rules around negative gearing in Australia; What would happen if they changed it? Would anyone actually benefit? One thing’s for sure, rents would probably skyrocket. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Positive Money Managing DIrector Cang Dang walks us through the impact that HECS debt can have on most Australians, especially those that are looking to refinance their existing home loan. However, if you speak to your broker, there’s always a solution to the problem. Here’s how Cang and his team managed to get clients across the line when lenders refused them for refinancing because of their debts. How? Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, we introduce Louise Carr - one of Positive Real Estate’s Property Adviser team, as she shares her decades of wisdom and experience deciphering the current property market. Why are House & Land investments an incredible buy for investors? Why should you “Buy well and never sell”? Let’s Wealth Coffee Chat!
Introducing the 3 P’s: Price, Presentation and Promotion. If you’re able to master these three simple things then you’ll go a long way to boosting your rental income and making your properties much easier to manage. Where do you start? Let’s Wealth Coffee Chat.
As Jason Whitton always says, buy well never sell. In this morning’s edition of Wealth Coffee Chats, Jason walks us through the certified winning game plan that successful investors use to grow their property portfolios into the stratosphere. Do you want to earn $780k in capital growth on your investment properties? Let’s Wealth Coffee Chat.
Welcome back to Wealth Coffee Chats! In this episode Jason Whitton walks us through the four powerful ways that property owners can dramatically boost their rental income and turn their investments into wealth creating machines. How do they do that? Let’s Wealth Coffee Chat!
Welcome to Finance Friday’s at Wealth Coffee Chats! This week Positive Money’s Damien Hauser is going to walk you through the challenges that every investor faces when attempting to secure a home loan, and why it’s SO important to work side by side with a broker to get your dream property over the line in record time. Let's Wealth Coffee Chat!
So you’ve finished your acquisition phase and have properties under your belt, now you have to think about the future. Do you know what your end goal is? Have you thought about an exit plan? In this video Jason Whitton breaks down the basics of identifying your goals as a property investor and highlights the ways that you can move onto the next phase of your investment journey and start thinking about how it all ends. Where do we begin? Let’s Wealth Coffee Chat.
In this episode of Wealth Coffee Chats, Cass dives into the details of property management, especially when it comes to new developments. He covers everything from spotting and managing defects, to creating effective marketing strategies, and the long-term growth potential of rental properties. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason talks about the current and future state of real estate investing in Australia. He highlights the importance of understanding demographics and market trends, exploring the types of properties likely to be in demand as the population ages and wealth transfers occur. Jason also discusses the significance of location and the changing dynamics of property ownership, especially for downsizers and first-time homebuyers. Let’s Wealth Coffee Chat!
Two experts together in one frame! Join Jason Whitton and Tabitha Bright discuss the importance of real estate investing and share insights from successful property investors. They emphasise the significance of having the right mindset, the necessity of starting early, and the value of holding onto properties for long-term success. The conversation highlights key lessons learned from over 100 interviews with property investors, focusing on the grind, mental fortitude, and the common traits of successful investors.
In this conversation, Cang discusses the latest trends in fixed and variable interest rates, how personal debt impacts borrowing capacity, and strategies for managing debt to maximise borrowing power. He highlights the importance of understanding loan structures and the effects of personal liabilities on financial decisions. Ready to dive deeper? Listen up and let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Jason dives into why real estate investing is such a powerful way to build wealth and create passive income. He breaks down the three key phases of property investing: acquisition, consolidation, and lifestyle/legacy planning and highlights the importance of having a solid strategy to manage your properties and turn them into effective income-generating assets. Let’s Wealth Coffee Chat!
In this Wealth Coffee Chats episode, Cass explores a case study of a property that remained vacant for five weeks despite the low vacancy rate in the area. The property owner raised the rent to recover an $8,000 special levy but priced the property above market value, which led to a prolonged vacancy. Cass highlights the importance of pausing to analyse data, setting competitive pricing, and promoting the property effectively. Let's hear from him and Let’s Wealth Coffee Chat!
Real estate investors face increasing challenges, with media and political scrutiny on the RBA’s economic policies and rising income tax rates. Positive Real Estate provides integrated solutions to help investors navigate these obstacles and achieve passive income. This discussion covers how high taxes and proposed superannuation fund changes could impact investors. Let’s Wealth Coffee Chat!
In today's Wealth Coffee Chats Live, we dive into the powerful role that demographics play in shaping the future of Australia’s property market. With a projected population growth of nearly four million people over the next decade, most of whom will settle in major cities, understanding demographic trends is more important than ever. We explore the key indicators of growth, such as the two-hour drive radius around city centres, and how areas outside this zone may face slower development. Tune in and Let's Wealth Coffee Chats!
In this Wealth Coffee Chats episode, Cang Dang shares actionable strategies to help homeowners pay off their homes faster. He explores creative methods such as renting from family members or renting out an existing property while moving for work. Cang also discusses negotiating with lenders to reduce interest rates and how to make the most of redraw and offset accounts.Listen up and Let's Wealth Coffee Chat!
In this Wealth Coffee Chat, Jason talks about the three groups that create the rules of wealth in Australia: politicians, banks, and regulators. He explains how these groups can affect your wealth and why it's important to know and understand the rules they set. Jason also mentions the need for a team of experts, like financial planners, accountants, and investment coaches, to help you keep up with changes in these rules over time. Join him today and Let's Wealth Coffee Chats!
With the right strategies and expert support, you can unlock significant wealth and achieve financial freedom. This discussion dives into key topics like term deposits, property value appreciation, interest rates, and refinancing, highlighting strategies such as negotiating better rates and smart loan management. Cang wraps up with essential tips on reviewing your financial landscape for optimal lending opportunities.Let’s Wealth Coffee Chat!
In this episode, Jason break down the three crucial indicators that can help you anticipate a drop in interest rates. Understanding these signals can give you a strategic advantage in your real estate investing journey. From monitoring inflation trends to tracking shifts in fixed rates and observing changes in bank lending practices, we provide you with the tools to stay ahead of the curve. Tune in to learn how these factors can influence the property market and how to position yourself for success when interest rates start to decline. Let’s Wealth Coffee Chat!
In this Wealth Coffee Chat, Cass discusses the topic of break leases in property management. He explains how break leases generally work and the implications for both tenants and property owners. Cass also touches on the new rental reforms in Queensland and the proposed changes to AC tenancy. Join him todat and Let's Wealth Coffee Chats!
In this episode of Wealth Coffee Chat, Jason delves into the various aspects of cash flow in property investing, covering negative cash flow, positive cash flow, and negative gearing. He offers practical advice on managing cash flow volatility by utilising buffers and making the most of tax deductions and capital growth. He also highlights the critical importance of ensuring that properties can sustain themselves financially over time and discusses how buffers can help navigate cash flow challenges.Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chat, Jason discusses different types of properties in the real estate market and their investment potential. He highlights that banks don’t see all properties the same way and warns about the risks of investing in student accommodation, hotel rental pools, holiday lets, CBD locations, and build-to-rent properties. He also advises against these investments as they may not support long-term wealth-building goals. Tune in, and Let’s Wealth Coffee Chat!
Join Damien Hauser for today's Wealth Coffee Chat, a special Finance Friday episode, where he breaks down what to expect in the financial world over the next few months. He also chats about the challenges the market might throw your way and why having the right team, locking in good interest rates, and setting up the right structures are key when buying property. Don't miss this insightful discussion to help you stay ahead in your real estate journey! 🤑
In today’s episode of Wealth Coffee Chats, we delve into the complexities of real estate investing amidst significant global wealth transfers and evolving market conditions. Our discussion highlights the key challenges such as election and policy changes, climate risks, and stringent compliance demands. We also explore exciting opportunities including the relaxation of regulations and the strategic diversification of property portfolios. Tune in to discover how you can navigate these waters to secure and grow your investments in a shifting landscape.
Dive into the latest Wealth Coffee Chat with Cass from Property Management Team where heunlock the secrets to mastering rental market values and optimising your property investments for maximum passive income. Discover how tools like CoreLogic, along with insights from SQM Research and realestate.com, can empower landlords to make informed decisions about rental prices and property management. Don't miss out on expert strategies for staying ahead in today’s dynamic real estate market! Let’s Wealth Coffee Chat!
Join us in today’s Wealth Coffee Chat as we talk about the importance of having the right team when investing in real estate. Learn why you need experts like property advisors and financial planners on your side, and how regular catch-ups with them can help you stay on track with your goals. We’ll share simple strategies for picking your team and setting up your plans. Let’s Wealth Coffee Chat!
Join Jason in today's Wealth Coffee Chat as he dives into the power of strategic diversification in real estate investing! Learn how diversifying across location, property type, and ownership structure can protect your portfolio, minimise expenses, and boost long-term gains. Plus, Jason breaks down the impact of land tax and varying growth rates across different cities and states. Don’t miss this insightful session on building wealth through smart property investment! Let’s Wealth Coffee Chat!
In this Finance Friday Wealth Coffee Chat, Cang discusses how to use existing equity in properties to build a property portfolio. He shares a client's success story of using equity to purchase a property and increase its value, resulting in access to additional equity and explains two scenarios for using the equity: using it as a deposit for an investment property or borrowing 90% of the equity to purchase multiple properties. Tune in and Let’s Wealth Coffee Chat!
Australia's largest rent decline since COVID is discussed in this Wealth Coffee Chats episode. The conversation explores the decline in asking rents in capital cities and the impact on renters and landlords. It also highlights the ongoing low vacancy rates and the competition in the rental market and emphasizes the importance of annual rent reviews and making informed decisions based on accurate information. Let’s Wealth Coffee Chat!
What is "income engine"? The concept of the "income engine," a comprehensive approach to building wealth through a diversified property portfolio. The income engine involves creating consistent weekly, monthly, quarterly, and yearly income streams by leveraging various types of investments, including residential and short-term rentals, joint ventures, and trading activities. With the support of a full-service team, investors can navigate the complexities of property investing, employing buy-and-hold strategies to grow equity and eventually convert it into higher-income opportunities.
Lets explores the current state of property values in Australia and the factors that drive them, such as population, wages, and affordability. As Jason discusses the median house prices in different cities and how they may not align with population size and this conversation also touches on the potential for future growth in cities like Melbourne and Sydney, as well as the importance of rental yields.Let’s Wealth Coffee Chat!
In this Finance Friday Wealth Coffee Chat, Cang discusses the importance of being 'bankable' and offers tips on how to assess and improve your financial position. He talks about negotiating interest rates, accessing equity, maximising borrowing, and managing bad debt. Cang also emphasizes the significance of checking your credit file and understanding your credit score. He addresses questions about why lenders are reluctant to reduce rates and the challenges of finance during separations. Lets hear from Cang and Let's wealth Coffee Chat!
Jason's Live today highlights how different states have varying calculations for stamp duty, and how strategic property purchases—such as buying land or building in certain states—can reduce tax burdens. The host also explores methods to minimise capital gains tax, like owning property through a superannuation fund or trust, and the benefits of optimising PAYG variations and utilising offset accounts to decrease interest payments. Let’s Wealth Coffee Chat!
Cass shares a story about a tenant who decided to leave just seven days into a new tenancy. He discusses the challenges faced by the property manager in handling this situation and provides insights into how landlords can navigate similar scenarios. He also emphasizes the importance of clarifying the reasons behind the tenant's decision, ensuring compliance with minimum standards, and understanding how the property manager handles such situations. Let's Wealth Coffee Chat!
Join Sam today as he delves into the factors influencing the Reserve Bank of Australia's potential decision to either raise or hold interest rates. The discussion explores critical elements such as inflation, stock market performance, unemployment rates, and GDP growth. He also shares forecasts that the Reserve Bank will maintain current interest rates and explains the potential impacts on borrowers and individuals with debt. This episode offers valuable insights into the current economic climate and the significant role of interest rates. Let's Wealth Coffee Chat!
Join Cang today's Friday Finance Wealth Coffee Chat! He discusses the challenges of preparing for a loan application, specifically focusing on the banks' use of living expenses and the household expenditure measure (HEMS) as benchmarks. It highlights how HEMS can impact small business owners and individuals with investment properties. He also suggests getting a detailed breakdown of living expenses and a copy of the credit file to prepare for the loan application. Listen now!
Join Jason today as he discussed the Australian property market, highlighting recent records and challenges. He shared his experience investing in Melbourne, emphasising the importance of a long-term approach. Jason also touched the housing market, citing low supply, increasing population, and potential inflation impacting prices. There's so much more! Let’s Wealth Coffee Chat!
In this conversation, Cass discusses five key tips for finding the right property manager. He emphasizes the importance of doing research, looking local but having a broad vision, ensuring portfolio transparency, considering leasing commitment, and understanding what the property manager actually does. He also highlights the misconception that the cheapest agent is always the best option, and encourages investors to prioritise trust, commitment, and care when choosing a property manager. Let’s Wealth Coffee Chat!
Do you understand what happens to your assets if and when you're not here anymore? This discussion highlights the significance of having a will and powers of attorney to manage financial and legal matters in cases of incapacitation or death. It covers the various types of powers of attorney, their importance, and how they vary by state and individual needs. This episode concludes with a reminder to take care of these important legal documents and seek professional advice if needed. Listen up and Let's Wealth Coffee Chat!
Friday Finance with Cang! Join Cang as he discusses how much you can borrow when approaching brokers for a loan. He also explains that there are two factors that determine borrowing capacity: affordability and security. He provides tips on budgeting, loan repayment calculations, and sequencing loans. The conversation concludes with a discussion on the importance of having a finance strategy and ongoing conversations with brokers. Hear more from him and Let’s Wealth Coffee Chat!
The discussion covers the current state of the property market, the winners and underperformers, and the importance of checking valuations and rents. The forecast for the next three years suggests that Adelaide, Brisbane, and Perth will be the star performers in terms of capital growth. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chat, Cass delves into the intricacies of selling a property that has a fixed lease in place. Drawing on insights from property managers, investors, and landlords, he highlights the importance of strategic cooperation among all parties involved. He also provides valuable tips on how to enhance the property's appeal through effective presentation and potential rent reductions, all while ensuring compliance with legal requirements. Find out more! and Let's Wealth Coffee Chat!
Real estate investing and superannuation are the two major places of wealth in Australia. The government is proposing new taxes and regulations that could impact these areas. From 2025, super funds with more than $3 million in wealth will attract extra tax. There is also a proposal to tax unrealised capital gains inside super. It is important to stay informed and have a team of experts to navigate these changes. Let's Wealth Coffee Chat!
The traditional understanding of property pricing has shifted, with units now being more expensive than houses in many areas. The cost of materials and construction has driven up the prices of apartments, making it difficult to find affordable options. However, good quality apartments in desirable locations still offer great value. On the other hand, houses and land are currently more cost-effective and provide opportunities for investors.Let's hear more from Jason, let's Wealth Coffee Chat!
In this conversation, Cang discusses the importance of understanding your credit file and the information it contains. He explains that your credit file is a document that lenders use to determine if you are worthy of lending money to. Cang also provides tips for managing off-the-plan property purchases and highlights the need for regular check-ins with your broker to reassess your borrowing capacity. Let's Wealth Coffee Chat!
Real estate investing can be time-consuming and stressful, but with the right strategies, it can be a valuable asset. Harry Triguboff, one of Australia's richest property investors, provides some lessons on building a successful property portfolio. Triguboff's portfolio is 66% residential real estate, with a focus on high-density apartments. He also accelerates his wealth by developing his own properties at wholesale prices, creating instant equity and higher rental yields. The lessons from Triguboff's portfolio include the importance of asset allocation, transforming residential properties into high-income assets, and continuously acquiring properties.Let’s Wealth Coffee Chat with Jason.
Discover the crucial insights every landlord and investor needs to know about tenants running businesses from rental properties. Join Cass as he shares a compelling story of a client who faced this exact challenge. Learn about the legal implications, due diligence strategies, and proactive measures that can safeguard your property. This discussion is a must-read for anyone looking to avoid potential pitfalls and ensure the smooth operation of their rental investments.
In today’s Wealth Coffee Chat, Jason dives into the art of savvy property investment, urging listeners to think twice before selling. He breaks down the top three reasons to consider a sale—from substandard properties to upgrading or shifting to tax-advantaged locations—and peppers his advice with real-life stories from his own experiences. Tune in as Jason inspires you to build and expand your wealth through strategic property retention!
In this edition of Finance Friday, Cang Dang from Positive Money walks us through the expected announcements from the RBA regarding rate cuts, when we can expect them and the impact any cuts (or hikes) are going to have on your ability to borrow from a broker. Let’s Wealth Coffee Chat!
In this video WCC guest host and Director of Fenton Financial, Andy Fenton, walks us through the overwhelming political change being seen throughout the world and tries to find the middle ground between political structures and reality. Let’s Wealth Coffee Chat!
In today's Wealth Coffee Chat, Cass from Property Management dives into the pitfalls of managing C-grade properties combined with C-grade property managers. Drawing from a real-life scenario, Cass highlights the importance of proactive maintenance, strategic renovations, and the critical role of experienced property managers in safeguarding your investment. Tune in and let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chats, Andy Fenton dives into the latest changes in tax rates and superannuation. He breaks down the new tax brackets, how inflation affects your tax payments, and the increase in the superannuation guarantee for salaried investors. He also discusses changes to concessional and non-concessional contributions, emphasizing the importance of effective tax management and maximising super contributions to minimise tax. Let’s Wealth Coffee Chat!
Listen up folks! Join Andy Fenton as he shares essential planning and goal-setting tips for wealth and property success. Learn about the four key planning times: January for goal setting, April for tax planning, July for investment reviews, and October for progress checks. Track your progress, adjust your strategies, and stay organised. Let’s Wealth Coffee Chat!
In this episode of Wealth Coffee Chat's Finance Friday, we delve into the new government initiatives designed to support first-time homebuyers and single parents through the Home Guarantee Scheme. Managing Director Cang from Positive Money sheds light on how banks assess loan applications, balancing between your income, expenses, and the value of your assets. This episode aims to provide valuable insights and answers to common questions about mortgage lending. Let’s Wealth Coffee Chat!
In today's Live, let's hear from Sam Saggers on the concept of investment selection in real estate. He introduces his four quadrant property investment selection system, which includes capital preservation, growth, yield, and tax considerations. He also highlights the significance of growth in creating wealth through property and the role of yield and tax benefits in the investment selection process. Let’s Wealth Coffee Chat!
Despite the increase, the rental market remains strong with low vacancy rates in most capital cities. Let's hear from Cass as he discusses the increase in national vacancy rates and its impact on the rental market. Let’s Wealth Coffee Chat!
Join Andy Fenton as he discusses tax planning strategies and ways to minimise tax payments. He introduces the concept of using structures such as personal superannuation and investment companies to reduce tax liabilities. Andy explains the current tax rates and how they have changed over time. Let’s Wealth Coffee Chat!
In today’s Wealth Coffee Chat, we have Damien, a mortgage broker from Positive Money. He discusses the importance of having the right loan structure with your current lender. Join him to learn how to ask the right questions and seek a second opinion to ensure you have the right loan structure for your current and future needs. Let’s Wealth Coffee Chat!
In today’s Wealth Coffee Chat, Cass shares some important lessons from the Property Summit. He talks about how crucial it is to have a great team and a top property manager to help tackle challenges and succeed in property investing. Cashflow flywheel? What is this? Why it’s important to understand and improve these areas to increase cashflow and property value. Let’s Wealth Coffee Chat!
Join Jason as he shares key lessons from a property game event. The winners of the game had clear numbers, focused on A-class deals, maximized their investments, maintained a winning mindset, and sought help from a six-star team. These strategies are not only effective in the game but also applicable to real-life property investing to achieve long-term success.
Refinancing is a powerful tool to increase your borrowing power and achieve your financial goals. In this episode, we delve into the key reasons for refinancing: resetting the loan term, consolidating debt, accessing equity for investment properties, and paying off the home loan faster. Cang shares practical insights on how borrowers can increase their borrowing amount and reduce interest payments through refinancing. Don't miss out on these valuable tips and the chance to ask your questions in the chat. Let’s Wealth Coffee Chat!
Routine inspections are an absolutely critical part of your journey as investors; are their faults that could cause harm to your tenants or to your income? Are you maintaining minimum compliance standards? The only way you’ll know is with a regular inspection. But what are they and how often should we do them? Let’s Wealth Coffee Chat!
In this video Jason Whitton walks us through some new data that was released by Oxford Research that shows that house construction, over units, is not meeting supply demands. Will Australians start turning away from houses and rent more units? Let’s Wealth Coffee Chat!
A quick update today from Jason Whitton, walking us through a local Melbourne council’s proposal to double the rates for properties that are not PPR’s. Will it work? Definitely not. It doesn’t address Australia’s supply issue. Let’s Wealth Coffee Chat!
It’s Finance Friday and today we’re joined by Positive Money’s Lending Specialist, Cang Dang. In this video Cang walks us through a situation where a client was able to find finance on her dream home with only 2 days lead time, and why her story is important for people that feel like they’re locked into their 30 year mortgage. Let’s Wealth Coffee Chat!
In this video Jason Whitton explains the concept of “Up and to the right”, that is, the projected growth of property values and rental income over the next 5 years. What does this mean for the people that are sitting around waiting for interest rates to change? Are they going to miss out? Let’s Wealth Coffee Chat!
Following on from QLD’s latest rental reforms, Victoria are now proposing a new set of standards for landlords to follow regarding energy conservation. How will this affect investors? Are there any considerations to take into account? Let’s Wealth Coffee Chat!
Buffers, war-chests, safety cash, grab bags; whatever you call them, buffers are essential for investors when it comes to unlocking their full potential. How much money should you have set aside at any one time if you’re an investor? Let’s Wealth Coffee Chat!
When was the last time your bank called you to talk about finding better loan terms? Never. In the end they make refinancing intentionally difficult to keep you locked in for 30 years. In this video Brad Tefft from Positive Money walks us through the concept of FAST REFINANCING. What is it and how fast could it possibly be? Let’s Wealth Coffee Chat!
In this video Jason Whitton asks a very simple question, a question all of Australia has on its lips right now: will the RBA put the interest rates up? More importantly, what will this mean for property investors? Let’s Wealth Coffee Chat!
Finding a tenant for your property requires a lot of work; understanding their requirements, providing access to affordable rent and the additional investment of money into your property are all the cornerstones of a good landlord/tenant relationship. In this video Cass Sjostedt from R&W Plus walks us through his 3 step formula for finding the perfect tenant and creating better relationships with the community. Let’s Wealth Coffee Chat!
Welcome to Wealth Coffee Chats! In this episode we’re going to deviate slightly and talk about business; are you a business owner? Have you thought about what your exit plan looks like? Are you confident your business is structured correctly? No? If not, in this video both Jason Whitton and Andy Fenton will walk you through the 3 pillars of of wealth, how they apply to your business owners and what you can do to start making your business assets more future proof.
Lifestyle, retirement, exit, stop working, whatever you want to call it; what is it that happens at the end of your investment cycle? You’ve spent 15 years building your portfolio, now what? In this video Jason Whitton explains the most IMPORTANT part of your investment journey, what happens when you get to the end of it. What does it look like? Let’s Wealth Coffee Chat!
In this video Jason Whitton breaks down the importance of perspective when it comes to valuing property; a property valuer can tell you a value based on the past, an Estate Agent can predict current trends, but you as the investor play the most important role. What is it? Let’s Wealth Coffee Chat!
There are 3 significant changes to property management that are going into effect this week in Queensland; Rent bidding is being removed, the amount of rent paid in advance is changing and the biggest change will affect rent price increases.What does all this mean for property investors? Well, quite a lot actually. Let’s Wealth Coffee Chat!
In a shortened Wealth Coffee Chat this morning, Jason Whitton is joined by financial and business strategist Andy Fenton, who is here to respond directly to Australia’s latest Federal Budget update. What’s new for investors? What are the changes to happening to your superannuation if you accrue over $3M? Let’s Wealth Coffee Chat!
It’s not uncommon for the majority of us to not pay attention to our home loans - over the course of 30 years you could end up paying hundreds of thousands of dollars more in interest than the value of the loan itself. While the banks don’t want you to know, it’s possible to pay off your home in 10 years or less. How? Let’s Wealth Coffee Chat!
According to new research by the UDIA, in most major Australian cities the long term delivery of new properties is down by as much as 50%. But what does this mean for investors? You’ll never see property values this low ever again so now is the time to jump aboard to make money. How? Let’s Wealth Coffee Chat!
Historically low vacancy rates for Australian properties and booming rent has created a whole new economy of bad-faith actors that are scamming honest people out of their money. This highlights the importance of utilising the services of a professional property manager for your properties. By self-managing your tenants are you doing yourself more harm than good? Let’s Wealth Coffee Chat!
Welcome back to Wealth Coffee Chats! In this video Jason Whitton walks us through the concept of “Flight to Quality”, a fundamental concept in property investment that answers the question, “What can I do to help both my portfolio and income DOUBLE in a short period of time?”. So what is this Flight to Quality thing all about? Let’s Wealth Coffee Chat!
Welcome back to Wealth Coffee Chats! In this video, a direct response to the Australian Federal Government’s 2024/25 budget, Jason Whitton walks us through the 6 drivers of Australian property values and why the government’s decision to focus on cutting immigration is the wrong call. Housing supply is at a critical point in Australia, and cutting access to skilled workers at a time like this could end up doing more harm than good. How? Let’s Wealth Coffee Chat!
Welcome to Finance Fridays with Brad Tefft, Senior Mortgage Broker for Positive Money. What happens if you’re a small business owner and you want lending for your investment properties? In this video Brad walks us through the options that are available to SMEs, the verification process for those options and what exactly the banks are looking for when you stroll through their doors looking for a loan. Let’s Wealth Coffee Chat!
It’s a story as old as time: use your investments to boost tax deductions that will generate even more wealth over time. In this video Jason Whitton from Positive Real Estate walks us through the tried and true formula of generating wealth through property investing. Is it easy to do? Let’s Wealth Coffee Chat!
Not all Property Managers are created equal; in this video Cass Sjostedt from R&W Plus walks us through the numbers involved with property management fees and why you shouldn’t always go for the cheaper option. Did you know that a great property manager, even one that charges you 30% more than competitors, can end up generating you THOUSANDS in rental returns each year. How? Let’s Wealth Coffee Chat!
In this video Jason Whitton from Positive Real Estate introduces us to the 4 (or 5) WOWs, or Weapons of Wealth, that property investors can employ right now into their investment strategies to help generate massive returns. Is it possible to start earning 6 figure sums from your investments, completely tax free? Well, let’s wealth coffee chat!
There’s a new proposal for a tax on superannuation and everyone is asleep at the wheel. In this video Jason Whitton walks us through the proposed changes to ‘Unrealised Gains’, what exactly that means and how it’s going to affect property investors as they step into retirement. Most people expect this to only affect ‘the rich’, but is that true? It’s not as cut and dry as you think. Let’s Wealth Coffee Chat!
Welcome back to Financial Fridays at Wealth Coffee Chats. In this video Brad Tefft, Senior Broker at Positive Money, speaks with Niraj Singh of Deposit Power about the powerful leverage ability of Deposit Bonds and the huge role they can play in a property investor’s journey. What exactly IS a deposit bond? What are the servicing requirements? Let’s Wealth Coffee Chat!
In this incredibly in-depth episode of Wealth Coffee Chats, our host Jason Whitton explains the often overlooked concept of Equity Arbitrage - a simplified approach to using the equity on your properties to drive multiple revenue streams and boost your income and borrowing power. What is PAYG Variation? How can property debt drive your ability to generate wealth? Let’s Wealth Coffee Chat!
While it may seem mundane to some, an ECR (Entry Condition Report) is one the most important tools in a property manager’s toolkit. In this video R&W’s Lead Property Manager Cass Sjostedt walks us through the details of an ECR and shows us exactly what we need to look for when requesting one from our PM team. How should an excellent ECR look? Let’s Wealth Coffee Chat!
Whether we know it or not, Australia’s housing supply issues have created an entirely new property market unto themselves; Supply, a rising population and the transference of wealth as older Australians retire have created a unique maelstrom in the market that many investors are taking advantage of. In this video Jason Whitton explains how you, as an investor, can jump aboard the current market and start generating long term wealth for decades to come. How? Let’s Wealth Coffee Chat.
Not all mortgage brokers are the same, many do not service lending for commercial properties because of the perceived complexities involved. But, is it actually more complex? What is commercial lending and does it work similarly to residential lending? In this video Brad Tefft and Sara Shome from Positive Money explain the concept as a whole and break down what you can expect financially from a commercial investment. Let’s Wealth Coffee Chat!
They say there are 2 things in life that are certain; death and taxes. But what if that statement was only HALF right? In this video Jason Whitton explains the mechanisms behind property taxes in Australia and how, as an investor, you can legally reduce the amount of tax you pay. How? Let’s Wealth Coffee Chat!
Welcome to Property Management Wednesdays. In this episode of Wealth Coffee Chats, Property Management lead Cass Sjostedt from R&W Plus walks us through the critical nature of rent prices; what happens when we ignore the recommendations and set our rents too high? Or too low? Let’s Wealth Coffee Chat!
Australia is on the precipice of a massive real estate boom, but only if investors are resourceful enough to see what’s coming at them down the road. In this video Jason Whitton explains Australia’s impending intergenerational transfer of wealth, the biggest in history, as older Australians transition into retirement and pump an additional $224B worth of wealth into the economy every year. Where will that money go? Right into investors hands if they’re savvy enough. How? Let’s Wealth Coffee Chat!
According to new data, the supply of new housing in Australia will remain at record lows until the end of the decade. A dwindling building industry, strict regulation and supply chain issues caused by COVID have pushed the industry to a breaking point. However, does this mean there are no opportunities left for investors? Actually, it means the opposite. How? Let’s Wealth Coffee Chat!
In this video, Senior Mortgage Broker and refinance expert Brad Tefft walks through the questions that a lot of homeowners and property investors are asking themselves right now; is there merit to refinancing now when rates are higher, or when they are expected to fall? The answer is actually surprising and it all comes back to something we like to call ‘Equity Lock’. What is that? Let’s Wealth Coffee Chat!
While it might be easy to just grab the first applicant you come across, in this video Cass Sjostedt from R&W Plus shows us exactly why doing due diligence is incredibly important for property owners, and why some simple admin can lead to great outcomes and awesome communication between owners and tenants. It all starts with the 4 pillars of great property management; what are they? Let’s Wealth Coffee Chat!
While there’s a lot of fear mongering around the health of the Australian property market, some of those short term concerns are actually opportunities to be taken advantage of. In this video Jason Whitton from Positive Real Estate walks us through the differences between ‘For Now’ market conditions and ‘Forever’ market conditions; do you know the difference? Let’s Wealth Coffee Chat!
Why does each bank in Australia look at you differently? In this video Positive Money Senior Mortgage Broker Brad Tefft walks us through the specific reasons why banks differ their lending policies, and what you can do to make sure you always find the finance you need that is unique to you and your situation. How? Let’s Wealth Coffee Chat!
Right now in Australia there is a lot of fiction being created around the state of the property market and the uncertainty that thrives within it. In this video Jason Whitton attempts to separate fact from fiction and demonstrate that right now is actually an incredible time for property investors to join the market and buy property. Smart investors are paying attention to Australia’s historic vacancy rate, they’re watching Australia’s population rise and they’re strategising about how to deal with the projected buying frenzy once interest rates drop. Let’s Wealth Coffee Chat!
In Queensland, stage 2 rental reforms are right around the corner; what does this mean if you’re a property investor? What ARE stage 2 reforms? In this video Cass Sjostedt from R&W outlines the basics of QLD’s new mandatory standards for Property Managers, owners and tenants and breaks down in detail how they’re going to affect your ability to generate revenue from your investments. Let’s Wealth Coffee Chat!
What’s best? Well it depends on what you’re looking for. In this video Jason Whitton walks us through the pros and cons of investing in regional Australia and examines the mechanisms of why regional Australia is growing at a comparable rate to Australia’s capital cities. Are the regions worth investing in? Let’s Wealth Coffee Chat!
For most property investors, a buy and hold strategy is the safest way to earn passive income from your investment assets. However, for investors that are looking to go onto the next level of investment, small residential property developments can offer simple and effective ways to make good returns in a short period of time. In this video Jason Whitton explains the basics of property developments and the expected costs and returns you can expect from them. Do you know where to start? Let’s Wealth Coffee Chat!
What do you do if lenders look you over and tell you that you don’t have a lot of borrowing capacity? What can you leverage? Are you locked out of the property market? In this video Brad Tefft walks us through the basics of Self Managed Superannuation Funds (SMSFs), how they work and how you could leverage your super savings to secure a nest egg through property assets. How does that work? Let’s Wealth Coffee Chat!
Wealth Coffee Chats welcomes along Sam Saggers, Director at Positive Real Estate and head of property research for the Positive Group. In this video Sam meticulously takes us through Australia’s shifting demographics and why growing your property portfolio alongside Australia’s Millennial demographic is a wise investment for the future. Why? Let’s Wealth Coffee Chat!
Being a great landlord and working alongside potential tenants to fill your properties can sometimes be an artform. In this video, Cass Sjostedt walks investors, owners and landlords through the 3 P’s of rentals and why PRICE, PRESENTATION and PROMOTION are absolutely critical to making sure properties are filled quickly with little fuss. So what do potential tenants want when it comes to inspecting a property? Let’s Wealth Coffee Chat!
When it comes to property in Australia, the future is looking interesting. Despite the challenges around affordability, there are 3 crazy record breaking numbers that should give property investors some incentive and direction around what to purchase, when to purchase and where to purchase it. What are the 3 numbers that every investor needs to know right now? Let’s Wealth Coffee Chat!
Between supply issues, low vacancy rates, a rising population and large infrastructure projects moving skilled workers away from property construction, property investors in Australia are being hit with many challenges in 2024 and beyond. In this video Jason Whitton explains these issues and lists the top 10 reasons why you need to buy property right now before the market changes completely and you miss out on hundreds of thousands of dollars in growth. Let’s Wealth Coffee Chat!
Brad Tefft, head lending specialist at Positive Money returns to Wealth Coffee Chats this morning with some incredible information for property investors - is your mortgage broker the right broker for you? Are they actively pursuing your best interests, or theirs? And most importantly what are the questions you need to be asking your broker to find out if they are right for your particular investment situation? Want to know more? Let’s Wealth Coffee Chat!
Jason Whitton is back on board today and in this video he’s stepping new and seasoned property investors through the tried and true formula for generating wealth through real estate investment. It’s all about understanding your goals, understanding the market and having an incredible team behind you. Where do you start? Let’s Wealth Coffee Chat!
Wealth Coffee Chats welcomes back Cass Sjostedt, head of Property Management for R&W Plus. In this video Cass walks property owners through the pitfalls of poor property management and how a lack of routine inspections, poor screening and bad management cost one owner over $18,000 in damages. How? And how you can be prevented from making the same mistake? Let’s Wealth Coffee Chat!
In this video Jason Whitton explains how with some simple, and FREE, changes to your mortgage strategy, you can pay off your home loan faster and start using equity to boost your borrowing power for your next property purchase. With the right tweaks you could pay off your home in only 10 years and save over $400k in interest. How? Let’s Wealth Coffee Chat!
In this video Jason Whitton walks through the data that accurately predicts the growth of each property market in every Australian capital city, and highlights how even the smallest change in rental yield and property value has a massive impact on the strength of your property portfolio. Want to know more? Let’s Wealth Coffee Chat!
Wealth Coffee Chats welcomes back Cass Sjostedt, head of Property Management for R&W Plus. In this video Cass walks us through the forecast for rents in the Australia and why having a GREAT Property Manager can earn you an additional $5k a year on your investment. How? Let’s Wealth Coffee Chat!
According to TFR, Australia has predicted a shortfall of 7k rooms to cover Australia’s students. Is there an opportunity here for property investors to cover the gap? And what types of accommodation will interest the blossoming student market? Let’s Wealth Coffee Chat!
When do you know it’s time to refinance your loan? What is the role a broker plays in your investment strategy? Great questions. In this video Bradley Tefft passionately steps you through how important a broker is in your investment strategy and how at the end of the day, the banks and major lenders DO NOT hold all the cards when it comes to your interest rate. It’s absolutely possible to refinance and find greener pastures. Let’s Wealth Coffee Chat!
Introducing Cass Sjostedt, General Manager of R&W Plus Property Management. In this video Cass walks us through the current state of Australian rents, the importance of communication with your property managers and why yearly rent appraisals can potentially generate as much as an additional 5k per year in revenue for you. Let’s Wealth Coffee Chat!
Super successful long term property investment isn’t a get rich quick scheme - it requires patience, planning and outside help with a dedicated team. Who’s on your team? In this video Jason Whitton walks us through the 6 professionals that any great investor needs to succeed, their roles and how you can use them to springboard to wealth success. Let’s Wealth Coffee Chat!
In this video Jason Whitton walks us through the massive changes happening in Queensland that are driving up property values there; a huge building boom, warm climate and over 58,000 new jobs are pushing Brisbane property values to their limits. But is it a good place to invest? Let’s Wealth Coffee Chat!
Here Jason Whitton explains the causal effects of rising interest rates and the highlights the huge gap between where Australia’s housing industry is currently at and where it needs to be. Most importantly Jason discusses what will happen when Australia's interest rates finally drop and when the big four banks predict it will occur. Let’s Wealth Coffee Chat!
In this video Jason Whitton explains how to “Find your number”; that is, how many properties do you need to own to start generating regular, positive income streams from your real estate investments. How many years does that take? How can I start compounding value to those properties? Well, let’s Wealth Coffee Chat!
Who wants 100k in passive income, or more? How many properties will that take? What sort of return are you expecting? Great questions. In this video Jason Whitton takes us through the basics behind understanding your investment goals and answers the question, “How many properties do I need to start generating regular, passive income that replaces my regular wage?” Let’s Wealth Coffee Chat!
How do I keep buying investment properties? It’s simple, increase a bit of this and reduce a bit of that. In this video Jason Whitton explains how being proactive with your ability to borrow and save drastically increases your ability to purchase your next investment property, ensuring that you can continue buying into the future to reach your investment goals. How does that work? Let’s Wealth Coffee Chat!
A quick update from Jason Whitton this morning hot on the heels of the Positive Mentor Exit Plan live event. If your income and concessional super contributions total more than $250k, the government can tax you between 15-30%. A sobering thought. Planning your tax strategy is essential as a property investor. Let’s Wealth Coffee Chat!
Right now in Australia commercial real estate is facing a massive challenge; what to do in the face of rising vacancy rates and falling commercial values. In this video Jason Whitton explains the differences between residential and commercial real estate and why houses are a more solid bet for investors that are looking to make great rental returns over a 15-20 year period. Let’s Wealth Coffee Chat!
Right now we’re seeing the largest gap between income and house prices in Australian history. In this video, Jason Whitton explains why the rise of interest rates has driven a sharp increase to the premium price of houses across Australia, and why new homeowners and investors are shifting their focus to apartments and units. What does this mean for investors? Let’s Wealth Coffee Chat!
Examining today’s news, Jason Whitton examines the claim that Sydney’s property market is booming, while investors are fleeing Melbourne in droves. But is this actually true or does the Australian media love to put their spin on things? Learn how the psychology and buying trends of aussie investors are being driven by a negative media cycle and the ongoing changes that state’s make to local property taxes. What’s really going on? Let’s Wealth Coffee Chat!
Australia’s population has just ticked over to 27 million 18 years early; largely driven off the back of record immigration or students and skilled workers. What’s the result? The largest transfer of wealth that Australia has ever seen and property investors already in the property game are about to reap the benefits of an influx of investment income through their existing real estate. Want to know more? Let’s Wealth Coffee Chat!
Australia’s rental vacancy rate is the lowest it’s ever been in the country’s history; what’s in store for investors? In this episode Jason Whitton walks investors through the positive inevitable conclusion of historically low rental vacancies and why they’re often tied to falling interest rates. Great news for investors. Is the property cycle in Australia cyclical? Let’s Wealth Coffee Chat!
Joining Jason Whitton today is Joe Pane, an emotional fitness expert that is dedicated to providing property investors with the support they need to evaluate their emotional status as an investor and maintain their long term focus. In this episode the two talk about the investors mindset, why critical thinking is key to cutting through the noise of mainstream media and how our own imagined levels of truth can throw our investment strategies off track. Want to know more? Let’s Wealth Coffee Chat!
If you’re a property investor, acquiring properties is only the first step in the process to building long lasting, regular passive income through real estate. The MOST IMPORTANT part of the journey is what comes next - MMM - Manage, Maintain and Maximise. In this video Jason Whitton walks investors through the foundations of managing your property effectively, how NOT to be a bad landlord and why working with tenants adds incredible value to your investment. How? Let’s Wealth Coffee Chat!
Location, the ever changing market, the strength of your property deal and human behaviours are all key factors in driving wealth for property investors. Have you thought about how you could be missing out on additional passive income without first mapping out the location and proximity to infrastructure of your next investment? In this video Jason Whitton explains these four growth drivers in detail and shows you why paying close attention to the population and people’s renting behaviours could make you thousands each week in income. Let’s Wealth Coffee Chat!
What is it that you want from property investing? Don’t overthink it. For most of us it’s the ability to generate passive income alongside our regular pay. In this video Jason Whitton breaks down the 4 aspects of property investing that every investor needs to master before they set off on their journey towards their dream income. What are they? Let’s Wealth Coffee Chat!
In this video Jason Whitton walks us through the different types of debt that you, as investors, will likely have to deal with - Not all debt is created equal and GOOD debt can have the positive effect of reducing your taxable income and boosting your rental income to make it easier to borrow. Not all debt is BAD and sometimes it can go a long way to creating long lasting wealth for you. How? Let’s Wealth Coffee Chat?
As part of Jason Whitton’s ongoing series on the basics of property investing, today he is looking at the four kinds of taxes that every investor MUST pay and also breaking down the long term strategies that you can employ to potentially pay zero tax on your investments over time. How? Let’s Wealth Coffee Chat!
Income, Growth, Taxes and Leverage are the cornerstones of a successful property investment strategy. In this video Jason Whitton explains how successful investors continually grow their portfolios by following these four simple concepts to leverage themselves into a better position to buy more and grow their wealth! Let’s Wealth Coffee Chat!
Not all income is created equal! Whether it’s PAYG, income from your personal business or returns from investments, lenders will look at you differently depending on the income source you bring to the table. Let’s Wealth Coffee Chat!
Income, Assets, Taxes and Debts are the 4 quadrants of property investment; but how do they work together and what are the factors that allow investors to use them to grow their property portfolio and cyclically purchase more investment opportunities? Start making debt work for! Let’s Wealth Coffee Chat!
An excellent team will make all the difference in your investment journey, but there are so many titles and registered advisors out there knowing the kind you need can sometimes be overwhelming. In this video Jason Whitton runs through the roles of mentors, property coaches and advisors; who does what job and why they can make or break your entire investment journey. Let's Wealth Coffee Chat!
Your ability to generate wealth from property investments is dependent on a number of factors, but the biggest contributor to long lasting wealth through investment is having a dedicated, resourceful and enthusiastic team alongside you. After all this isn’t a sprint, it’s a marathon and you need to be prepared. Join Jason today as he discusses the concept of the ‘6-star team’ and why, for property investors, it might be the most important thing to get right. Let’s Wealth Coffee Chat!
In part 5 of Jason’s deep dive into the basics of property investment, he discusses ‘The 7 Plans’; the seven strategies that successful property investors use to hit their investment goals sooner. From planning to LVI to debt reduction strategies, Jason covers the foundation that any new or seasoned property investor needs to succeed. Have you thought about how you’re going to get your next investment? Let’s Wealth Coffee Chat!
In Part 4 of Jason’s series on the basics of property investment he introduces ‘The Income Engine’, a strategy that allows investors to visualise the positive cash flow generated by buy-and-hold investment deals and buy-and-sell investors. What works for you? Have you thought about your long-term property investment strategy? Let’s Wealth Coffee Chat!
Part 3 of Jason's deep dive into the fundamental cornerstones of Australian property investing. Today he rounds off the discussion on how many properties it will take to generate a positive cash flow and touches on the basics of the buy-and-hold investment strategy. Jason also discusses why diversification in property locations is so important: minimising land taxes, capital growth across different states and investor buying power are all key factors to spreading your investment over a larger area. Let's Wealth Coffee Chat!
Last episode Jason spoke about how many properties an investor will need to start generating regular, passive income through real estate. Today he digs deeper and walks through the steps of turning your initial single property investment into two, then three, then five. Jason also discuss the differences between income and positive cash flow and he ends today's chat with a sneak-peek at THE INCOME ENGINE, a critical framework that investors can use to boost their investment value by as much as 30% by diversifying their investment styles. Let's Wealth Coffee Chat!
This is one the most common questions we get asked; how many properties do I need to own, paid off, that will allow me to earn passive income over time? Here Jason Whitton explains the process that you need to step through to find your magic number. Let’s Wealth Coffee Chat!
Whether you’re a new investor or fully seasoned, the first step to getting yourself that next investment property is all about critically analysing where you are and figuring out the steps you’ll need to take to cross the gap and get where you want to be. It may sound like wasted time to some, but the world’s most successful investors never set foot out their front door without first knowing what roads they were going to take. Have you thought about your finances yet? Your borrowing capacity? Let’s Wealth Coffee Chat!
Property investing, it's easy to say but difficult to do successfully. After 25 years of investing and coaching over 10,000 investors, we have distilled it into these steps. Let’s Wealth Coffee Chat!
Join me this morning for the first Wealth Coffee Chat of 2024 with special guest Dr Andrew Wilson. We discuss the future of Australia’s interest rates, what is driving house prices up and why despite the forecasts this might be a bumper year for property investors. Let’s Wealth Coffee Chat!
In our last episode, we delve into the topic of booming population growth and the ambitious plan to build 1.2 million homes in the next five years. We'll explore whether this goal is achievable and how it aligns with our expected population increase over the next two decades. So, grab your coffee and join us for another enriching Wealth Coffee Chat.
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. This episode looks at the exploding population growth and the plans to build another 1.2 million homes in the next 5 years. Will it happen and how does this stack up with our population growth over the next 20 years?
Grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
In this featured episode, we tackle the reality that life is unpredictable and share a straightforward three-step method to effectively build your wealth. So, why not join us with a cup of coffee for an enlightening Wealth Coffee Chat...
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. This episode discusses how life isn’t neat, and offers up a simple 3 step process to building your wealth most efficiently. So, grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
In this episode we uncover the meaning behind my own mantra: that this is a marathon, not a sprint. And why you should Buy Well and Never Sell. So, grab a coffee and let’s Wealth Coffee Chat…
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. In this episode we uncover the meaning behind my own mantra: that this is a marathon, not a sprint. And why you should Buy Well and Never Sell. So, grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
This episode talks about future-proofing your finances for your family and your legacy - so grab a coffee and let’s Wealth Coffee Chat…
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. This episode talks about future-proofing your finances for your family and your legacy - so grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
This episode uncovers the 4 things you need to master and maintain to become a long term successful property investor packed with valuable advice and strategies, providing you with the essentials for a prosperous wealth journey - so grab a coffee and let’s Wealth Coffee Chat…
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. This episode uncovers the 4 things you need to master and maintain to become a long-term successful property investor - so grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
Tune in to this episode with Dr. Andrew Wilson, renowned economist, as he sheds light on what lies ahead for Australia's economy, from interest rates to property trends and much more - so grab a coffee and let’s Wealth Coffee Chat…
Property Investment Essentials
Hi Everyone, as a lot of people wind down their year and take stock of the last 12 months, we’ve put together what we’re calling the Property Investment Essentials episodes from Wealth Coffee Chats. These are our Best Ofs from 2023 - containing useful tools and tricks to help you navigate your wealth journey. This episode was recorded a few weeks ago with guest Dr Andrew Wilson. He’s one of the country’s top economists and a guru for what’s coming next for Australia’s economy. We cover off interest rate forecasts, property cycles and much more - so grab a coffee and let’s Wealth Coffee Chat…
And gang, if you're eager to dive deeper into this topic and explore the world of property investment in Australia, don't miss out on our upcoming free Property Investor Webinars. Click the link below to uncover our exciting lineup for 2024, where you'll discover how YOU can kickstart your property journey or supercharge your existing portfolio.
2023 has delivered some records, not always positive ones. 2024 will also need to deliver some records, however the data shows that it may not happen. As a property investor you need to be across it! Let’s Wealth Coffee Chat!
Like it or not, you're playing the game of tax. To win the game you need to know the rules of the game and have the right team around you to guide you to success. Capital Gains and other expenses can be reduced to bring you closer to winning the game. How? Let's Wealth Coffee Chat!
For those that are looking for ways to break into the investment market, have you considered flipping? Spec builds? Splitters? What about trading real estate? In this video we discuss the "Income Engine" as well as the 4 ways that you, as investors, can generate regular passive income through property. Let's Wealth Coffee Chat!
Jason welcomes along the incredible Marcus Pearce, creator of the Exceptional Life Blueprint - a guiding philosophy that has helped thousands of people make the most of their retirement by ensuring "the rest of your life is the best of your life". In this video the two discuss finding your purpose in life, how to start using assets as income and why the dogmatic misconception of 'wealth' in retirement might alter your retirement plans. Let's Wealth Coffee Chat!
The Reserve Bank of Australia has put a pause on interest rates just in time for Christmas. What does this mean for investors? As rates drop, property values will rise, rent and other growth factors along with it. Let's Wealth Coffee Chat!
What are the 5 big Weapons of Wealth that you can use to supercharge your investment strategy? By investing in yourself and growing equity you could boost your net worth and transform your future. Let's Wealth Coffee Chat!
Should negative cash flow on your property cause you concern? Not if you’re prepared, you have a plan and you’re getting professional industry advice. Let’s Wealth Coffee chat!
According to statistics only 36% of property Australia-wide is cheaper to buy than rent! What will that do to property prices? And what state has 78% of its dwellings cheaper to buy than rent? Let’s Wealth Coffee Chat!
Let's look into the future! How? With good data and some educated discussions! Data sources like SQM Research are essential for investors and could help you track the next booming suburb for your next investment. Know the where’s, why’s and how’s far ahead of time. Let’s Wealth Coffee Chat!
These are the 11 ways, taken directly from Australia's leading property investment professionals, that you can build massive amounts of equity on your property in only 12 months. Everything from apartments to under-valued markets and even rising the wave of gentrification, these are the ways you can boost the buying value of your investments and start building your property portfolio faster! Let's Wealth Coffee chat!
For property investors, there are 3 pillars that are absolutely critical: Holding, Renovating and Developing. Each with their own risks and rewards. What are they? Let's Wealth Coffee Chat!
Income, Assets, Taxes and Debt are the four foundational pillars of property investment. By understanding the complexities of all four you’ll be better prepared to ride the cycle of investment into wealth. Let’s Wealth Coffee Chat!
The Queensland government has just raised the first home-buyers grant to $30,000. Who wants $30k free cash to buy a house? What this will do to a certain section of the market! Let’s Wealth Coffee Chat!
Ever heard that you make money when you buy and not sell? Well, I see it the other way. It's what you do after you buy that makes all the difference. What do I mean? Let's Wealth Coffee Chat!
Can you make BIG chunks of cash "Flipping" or Buying and selling? I hear many talk about it but it's not as straightforward as you might think! Let’s Wealth Coffee Chat!
Did you get a bonus of $25,000 last quarter? Well I know thousands of investors who did and will get more THIS quarter. $50k - $100k plus is on the table for the taking! Let’s Wealth Coffee Chat!
Most people think there is nothing they can do when it comes to limiting the effects of property taxes, but that’s not true. Here are the things you can do, right now, to turn your investment game into a winner. Let’s Wealth Coffee Chat!
Rents are set to rise by at least 30% and vacancies will fall even further within the next 3-5 years. Here are 3 tips from property expert Cass Sjostedt that could help save your investment. Let’s Wealth Coffee Chat!
One time I won $7,365 at the Melbourne Cup with a $100 bet, how did I do it? People invest in property like they’re wildly betting and that's why I have NEVER bet again! Know the odds before you invest. Let’s Wealth Coffee Chat!
The gap between home loans and house prices are at their largest ever, but this is still a boom time for investors. How is that possible? Let’s Wealth Coffee Chat!
What is a safety buffer? What is Liquidity? Where are my extra funds best kept, in a redraw or offset? Let's Wealth Coffee Chat!
Can a residential property portfolio create enough income to replace my salary? Absolutely it can, however it's not as linear as you might think. Let's Wealth Coffee Chat!
Passing on assets to a family is one of the primary motivations behind investing, yet startling statistics reveal that two-thirds of people fall short of achieving this goal. Let's Wealth Coffee Chat!
Increases in Land Tax, 1% vacancy fees and a 7.5% short-term rental levy are causing severe roadblocks for Melbourne investors - is Victoria still attractive to investors? Let's Wealth Coffee Chat!
These days construction costs have surged and it's taking longer to build homes! It doesn't take a lot to do due diligence and know what to do. Let's Wealth Coffee chat!
Using the 5 big Weapons of Wealth (WOW) to turn your single asset into a tax-free investment strategy. Let's coffee chat!
Your going to live on average until your 80-90 years old; do you know what that will take financially? How much do you need for a good life style? Let’s Wealth Coffee Chat!
Good question! I have a guest this morning, Dr Andrew Wilson. He is going to comment on this and more! Let’s Wealth Coffee Chat!
Lending is vital as an investor. Get it right and you’ll have smooth sailing…get it wrong and it will be a nightmare! Let’s Wealth Coffee Chat!
Will it actually happen? How can I see into the future as a property investor?
Good questions... Let’s Wealth Coffee Chat!
Tax-free returns sound like a scam or a fairy tail right? But we all have it available right under our nose. What is it? Let's Wealth Coffee Chat!
Record debt, rising taxes… is it still a good time to invest? Good question. Let’s Wealth Coffee Chat!
There are a lot of claims in the world of property and making decisions from sweeping statements that apply to all is not a good idea. Let’s Wealth Coffee Chat!
2 million people in the last 5 years, 560,000 in the last year alone… a record increase! What are these numbers and what do they mean to us as property investors? Let’s Wealth Coffee Chat!
If you understand that the "Risk" section is where the best deals are done, then you are a long way ahead of the pack... Let’s Wealth Coffee Chat!
The BIG 5 W.O.W. Business owners can use all 5, PAYG can use 4 and that’s still pretty awesome! Let’s Wealth Coffee Chat!
What now? Down or up? Well, the forecast is in and the stage is set for the next BOOM! Let’s Wealth Coffee Chat!
The high level "Wealth Matrix" is important to understand, because sometimes you have to zoom out and look at the big picture before getting stuck into the details! Let’s Wealth Coffee Chat!
One of the best ways to unlock tax-free wealth is right in front of you. Let's Wealth Coffee Chat!
Will it happen? Will it oversupply the market IF it happens? Good questions. Let’s Wealth Coffee Chat!
Who remembers the mortgage cliff all over the news? Aahhhh the sky is falling...has the world ended? Is everyone selling up? What now? Good questions. Let’s Wealth Coffee Chat!
We talk about properties and the market a lot, but today let’s talk about something different… Let’s Wealth Coffee Chat!
Unlock the secrets of wealth-building with the right accountant! Discover why an outstanding accountant is your wealth creation's best ally
What’s in store for property investors in the next 3 to 4 years? Let’s Wealth Coffee Chat!
The current property discounts available and how to take advantage of the next 12 months to create instant equity.
Are we seeing the signs of a market turn? Will the rents keep rising? Let’s Wealth Coffee Chat!
Is it doable? Yes it is, but you must understand how to do it properly. Let’s Wealth Coffee Chat!
By identifying and maximising the highest and best use of a property, investors can optimise their return on investment and make informed decisions. Let’s Wealth Coffee Chat!
What are the pros and cons and what other alternatives do I have as a property investor? Let’s Wealth Coffee Chat!
How do I increase my cashflow? Is short-term letting worth it? What do I need to be aware of? Those are all good questions…Let’s Wealth Coffee Chat!
2032 builders, and counting, have gone broke! What does that mean to you as a property investor? That’s a good question. Let’s Wealth Coffee Chat!
Which two states had a budget surplus this year? $12.3 Billion and $4.2 Billion... a lot of money. What does it mean to property investors? Let’s Wealth Coffee Chat!
The 3 Phases of "Capital growth" are important to understand. This understanding will create the most wealth for you. Let’s Wealth Coffee Chat!
50,000 people moved to the regionals during Covid…are they coming back to the cities? If and "when" they do, what will that mean to us as investors? Let’s Wealth Coffee Chat!
I did a presentation at Mentoring on Tuesday and there was a lot of info on this so let’s take another look. Let’s Wealth Coffee Chat!
There are 4 things that are vital to understand when you buy a property. What are they? Let’s Wealth Coffee Chat!
All is not what it seems and those who are swayed by this fear mongering, often get caught out and it costs them dearly… Let’s Wealth Coffee Chat!
Finance is important to most investors and some changes are on there way.. Let’s Wealth Coffee Chat!
What challenges and opportunities should we look out for as sentiment drops to Pandemic levels? Let's Wealth Coffee Chat!
What can we do about it? Well plenty, if you are a property investor. Let's Wealth Coffee Chat!
What is at record levels? Well many things are, but this one is a very interesting short term indicator. Let's Wealth Coffee Chat!
Is banking on the verge of its biggest disruption ever? What will that mean to us, as property investors? Good questions. Let's Wealth Coffee Chat!
Politicians won't pay - so who will? Get the crucial insights you need to stay ahead in today's economy. Let's Wealth Coffee Chat!
What happens to the property markets and where did they all go? Let's Wealth Coffee Chat!
Are we seeing a housing market upswing? Statistics indicate positive growth... What should we be aware of? Let's Wealth Coffee Chat!
How long will it take for Capital Growth to start again? The answer might surprise you...Let's Wealth Coffee Chat!
4 are pretty straight forward, but the 5th might surprise you. What is it? you ask…Let's Wealth Coffee Chat!
What ultimately determines the value of a piece of land? Good question. Join me to find out - Let's Wealth Coffee Chat!
Learn about the physiology of influence and why property investors need to understand when we are lied to, versus how to find the facts.
What are the factors that are contributing to the projected surge in rent prices in Melbourne for 2023? Find out why rents will soar in Melbourne in 2023 and what's in it for you?
What are the characteristics of these assets and how best to manage them in your property portfolio? Let's Wealth Coffee Chat!
Andy Fenton is in again today to tell us what's really going on in the market compared to what the media is putting out...Let's Wealth Coffee Chat!
Join Andy Fenton today to talk about what happened to Silicon Valley Bank and what we as property investors can learn from this. Let's Wealth Coffee Chat!
Did you know that the ATO basically owns your Monday? Learning how to correctly minimise your tax is the key to wealth and I'm going to show you how... Let's Wealth Coffee Chat!
Record high approvals to record low completion rates and builders going bust! What is going on, and how can we as property investors navigate this? Let's Wealth Coffee Chat!
You may have never heard of this term before, but you've probably experienced it! As property investors, we get overloaded with information, and it can become quite overwhelming. Let's Wealth Coffee Chat!
The steps you need to take as a Property Investor to ensure you end up in the 1% that succeed. Let's Wealth Coffee Chat!
Stop freaking out. There is no need to panic if you know the right information and stop listening to the mainstream media. Let's Wealth Coffee Chat!
Understanding the numbers and market is crucial to set yourself up right from day one. Let's Wealth Coffee Chat!
These tax mistakes can end up costing the average Aussie couple $2 million over a lifetime! If you want to avoid this, you need to know how to LEGALLY minimise your tax... Let's Wealth Coffee Chat!
There is always lots of info out there about property investing, but the important thing to know is what to listen to and what to ignore... Let's Wealth Coffee Chat!
Interest rates have dropped by 1% and the market looks like it is starting to shift. Here is what you need to know about the next property cycle. Let's Wealth Coffee Chat!
Here's what you need to know about this new proposal and how we, as property investors, can navigate it. Let's Wealth Coffee Chat!
There are many moving parts to this question, and if you're on the wrong side of the ledger, it's not a pretty picture. So let's chat about record approvals and construction of houses. Let's Wealth Coffee Chat!
One strategy in particular made 1.4 million dollars in just 24 months. How did they do it? Let's Wealth Coffee Chat!
Cass from R&W joins us today to talk all things strategy when it comes to getting the most out of your Airbnb... Let's Wealth Coffee Chat!
The 3 ways to increase your property income. How small renovations can make a big difference... Let's Wealth Coffee Chat!
The news and information available to Property Investors are changing every day, how do we stay up to date?... Let's Wealth Coffee Chat!
The average asking price for properties is the leading indicator of market health. What does this mean? Let's have a Wealth Coffee Chat!
Lots of investors get it wrong, and it actually makes them poor! Let's talk about the right way to diversify your property portfolio. Let's Wealth Coffee Chat!
You will talk to many professionals throughout your property investing journey and they probably will all have different opinions. Don't get overwhelmed by all the cooks in the kitchen. Let's Wealth Coffee Chat!
The 3 Key things that are going to help you achieve long-term wealth from a Property Portfolio. Let's Wealth Coffee Chat!
People think they understand finance because they read a book about it once. Let's Wealth Coffee Chat!
We all know what is going on at the moment in the world of interest rates, however, do we actually know what to do as a buyer when this happens? How does interest rates affect the marketplace? Let's Wealth Coffee Chat!
The journey from where you are now, to your "ideal outcome" when it comes to Property Investing... Let's Wealth Coffee Chat!
Most people don't understand it and it's such a crucial part of Property Investing... Let's Wealth Coffee Chat!
It's almost like I told you so. The rental boom is happening and here is what to expect. Let's Wealth Coffee Chat!
When we talk about capital growth, rents and values. What are the things supporting them?.... Let's Wealth Coffee Chat!
Over my 20 years in Property Investing, I've heard everything! So let's talk about what drives those emotions and how to keep a clear head. Let's Wealth Coffee Chat!
Everyone is so wrapped up in what is happening with interest rates they are forgetting about the other crucial elements... Let's Wealth Coffee Chat!
It can sometimes be confusing so let's dive into the mechanics of how to navigate it... Let's Wealth Coffee Chat!
The acceleration process and how this can help you build your portfolio. Time, team and knowledge. Let's Wealth Coffee Chat.
2023 is going to be a big year. What are the 3 big things that are coming for us as Property Investors. Let's Wealth Coffee Chat!
Here is one of our best episodes, we're bringing it back to you for the 'best of 2022' specials. We wanted to choose episodes that would help benefit you and Jason's '3 Fundamentals of Property Investing that Most Don't Know' is exactly what you might need to hear as an investor to get your feet treading through investor success. Listen in now. Live episodes are back from the 23rd of January.
Yesterday we talked about what happened in 2022, today we are talking about what is coming in 2023... Let's Wealth Coffee Chat!
The 5 big things that have happened for us this year as Property Investors! The mistakes made and the lessons learnt. Let's Wealth Coffee Chat!
Part 2 of Rich Debt vs. Poor Debt and how to understand it as a Property Investor. Let's Wealth Coffee Chat!
Debt is important to understand as a Property Investor especially if you are new to the game....Let's Wealth Coffee Chat!
How does Maslow's "Hierarchy of Needs" relate to the Marketplace and us as Property Investors?..... Let's Wealth Coffee Chat!
What can we expect into the future for us to see this thing revert to a mean reversion? Don't know what that even means? Let's Wealth Coffee Chat!
The government wants to use our Superannuation money to build a bunch of crap! But on another note... Let's Wealth Coffee Chat!
For all of us, PAYG earners where is that weekly paycheck really going? Let's Wealth Coffee Chat!
Which of the states has the biggest economic exposure? How can we best as investors set ourselves up with a good portfolio..... Let's Wealth Coffee Chat!
The government are constantly in their minds and it can mess up our plans as Property Investors, how do we get around it? Let's Wealth Coffee Chat!
You'll never guess the kind of households that managed to thrive in the Pandemic..... Let's Wealth Coffee Chat!
What does it actually mean to call yourself an investor? Many people get it wrong and it sends them off-track...... Let's Wealth Coffee Chat!
We can't control the market, we can only be smart and take advantage of whatever comes our way. Let's Wealth Coffee Chat!
60% of household wealth is in the 55-75+ age bracket and that number is only going to get bigger... Let's Wealth Coffee Chat!
After some technical difficulties this morning, we are back to talk about what will make you wealthier.....Let's Wealth Coffee Chat!
They've made a mess and now we have to survive in it. The Government are wanting to take a portion of our Super, but how much do you actually know about it?..... Let's Wealth Coffee Chat!
The 'time frame' is what most investors focus on and most of the time they get it wrong!.... Let's Wealth Coffee Chat!
Andy Fenton is behind the desk today to talk all things tax, property and structure. Let's Wealth Coffee Chat!
There are all these terms that can often be confusing for first-time investors, today we are going to break them down. Let's Wealth Coffee Chat!
Where can I put my money and what percentage should I be putting in as a Property Investor...Let's Wealth Coffee Chat!
"When interest rates are high and you can't just buy any old thing, the Flight to Quality Conversation will win"...Let's Wealth Coffee Chat!
The 4 categories of Wealth in Australia and what is involved in them... Let's Wealth Coffee Chat!
Tax can be a significant expense in the world of property investing, but if you know how it cant turn into a cashflow source....Let's Wealth Coffee Chat!
Cash rates have gone up again and they aren't stopping anytime soon, here is what you need to know as a Property Investor. Let's Wealth Coffee Chat!
As interest rates rise, you need to put yourself in the correct position to be able to borrow money. How do you do that...Let's Wealth Coffee Chat!
Sacrificing density to be closer to the CBD might be the way to go! There are pros and cons of course...Let's Wealth Coffee Chat!
Politicians are the number one enemy of wealth creation because they are always changing things on us. Let's Wealth Coffee Chat!
There is zero reason to be stressed about your real estate if you know what it is meant to do...Let's Wealth Coffee Chat!
Investing is not just thinking about yourself, it's about setting up for loved ones for the future as well. Let's Wealth Coffee Chat!
9 steps and 3 influencing factors that will make all the difference to your wealth plan. What are they? Let's Wealth Coffee Chat!
The pros and cons of different property deals and how we can navigate them with the high-interest rates. Let's Wealth Coffee Chat!
Strategy means nothing unless you can put it into action. And to do this, you need the right team around you. Let's Wealth Coffee Chat!
Part 2 on how to increase your borrowing power as a Property Investor.....Let's Wealth Coffee Chat!
Understanding your borrowing power and servicing is vital. Stay tuned for part 2 tomorrow. Let's Wealth Coffee Chat!
As we see international students coming back and tourism increasing, where will we see the benefits? Let's Wealth Coffee Chat!
The different types of short-term letting to increase your income stream. Let's Wealth Coffee Chat!
Why the 4 quadrants of Investor Wealth are so important to understand? Let's Wealth Coffee Chat!
The sum of "Wealth Creation" is how much we get to keep. Learn how to minimise your tax.....Let's Wealth Coffee Chat!
Land Tax has been scraped, interest rate rises slowing down and record rents rising.....Let's Wealth Coffee Chat!
Don't take advise from f**king broke people. The path to successful wealth creation is about having the right team around you. Let's Wealth Coffee Chat!
There are 4 fundamental steps that a property investor needs to understand before they start investing in real estate..what are they? Let's Wealth Coffee Chat!
Aussies are considered the "wealthiest" people in the world! So why don't we feel that way in our day-to-day lives? Let's Wealth Coffee Chat!
The media love to plant the idea that "the world is going to end" the minute interest rates go up etc. Don't let fear stop you from achieving your long-term goals. Let's Wealth Coffee Chat!
Vacancy Rates and Land Tax. As Property Investors, big changes are coming our way but do not stress. Let's Wealth Coffee Chat!
How should business owners accelerate their wealth and protect their business? Andy and Jason bring you 27 strategies that will help you save millions..Let's Wealth Coffee Chat!
What are the key differences between residential lending and commercial lending and what are the key rules business owners need to know... Let's Wealth Coffee Chat!
Today we discuss how business owners can turn their business as their biggest asset and become financially free. Let's Wealth Coffee Chat!
The media is creating negative hype about rent freeze, but its always best to check the facts from the right sources. Let's Wealth Coffee Chat!
In the famous words of the late Kerry Packer; "If you're paying more tax than you need to, you should have you head read." Let's Wealth Coffee Chat!
Good Questions. Your largest expense is your payments to your bank or lender, so, how do we manage that fluctuation? Let's Wealth Coffee Chat!
Valuations are equal to risk assessment. It helps us with lending and borrowing. Tip: When you're in the buying phase, you must at least get 3 valuations of the property you want to buy. Let's Wealth Coffee Chat!
These 3 stages are key to going the distance as an investor and being able to have access to your money! Finance is the life blood of most property investors so we must understand that not all lending and loans are created equal. Let's Wealth Coffee Chat!
The fear mongering media will create negative news to get more clicks. Don't let media cost you your future. Let's Wealth Coffee Chat!
An 87% rental yield is absolutely possible. Today I will be discussing a client's success story in the acceleration phase. Let's Wealth Coffee Chat!
A lot of property investors are now scared about the recent land tax changes in Brisbane, but there are ways to manage this. Let's Wealth Coffee Chat!
There are 6 key drivers that influence the property market. The future for Melbourne Property Market is looking positive. Let's Wealth Coffee Chat!
How do property investors make profits in a timely manner to meet their financial goals? Let's Wealth Coffee Chat.
Diversifying your real estate for diversity of income streams is crucial to build wealth through real estate. Let's Wealth Coffee Chat!
A lot of investors get confused with the acquisition and cashflow phase. They are not the same when one starts investing in property. Today we touch upon the 7 plans for Property Wealth Creation. Let's Wealth Coffee Chat!
The Why, When and How to create wealth via property investing. After investing in real estate for over 25 years now, I have refined a few things there are the 5 models that bring it all together! Let's Wealth Coffee Chat!
After 25 years of property investing and having refined a few strategies, here are 5 key models that have helped 1000s of property investors to structure their portfolios. Let's Wealth Coffee Chat!
When buying or selling property, one needs to consider the costs of buying and selling real estate to understand the actual profits that one has made. Let's Wealth Coffee Chat!
What are the 3 places, Aussies store their cash? It's not only important to have access to cash but also to control your cash well. Let's Bust a few myths about Cash. Let's Wealth Coffee Chat!
A lot of people do not get into property investing because they fear being in debt. But not all debt is bad. Today we discuss the importance of knowing the difference between good debt and bad debt. Let's Wealth Coffee Chat!
There was a major reshuffle that took place post Covid between states. What does this mean for us in the future as we look to invest in real estate post-Covid? Let's Wealth Coffee Chat!
Vacancy rates are at an all time low. With interest rates rising, what can we expect to happen in the property market in major cities in Australia? Let's Wealth Coffee Chat!
How are you investing your time will directly impact the returns you get in the future. Today, let's discuss this profit time index and what that means for property investors? Let's Wealth Coffee Chat!
Cheaper does not mean wealthier. Today we chat about the value and quality of investing well rather than investing in cheap property. Let's Wealth Coffee Chat!
There is a lot of false information floating around to create fear among investors. But historically what can we say about the market correction that will take place after property boom? Let's Wealth Coffee Chat!
Most property investors fear accumulating debts and this fear discourages them to create a property portfolio. Today we discuss the difference between good debts and bad debts. Let's Wealth Coffee Chat!
To turn our earnings into assets is the the key to creating wealth for our future. What are some important steps that property investors need to take? Let's Wealth Coffee Chat!
There are some great free resources and let's see how we can use them as property investors. Let's Wealth Coffee Chat!
As property investors, our decisions could be influenced by the past or the future. How do you make investing decisions for the future? Let's Wealth Coffee Chat!
There is a supply shortage in the market and with the population boom, the next cycle is going to begin. What does the next 12 months look like for property investors? Let's Wealth Coffee Chat!
The net wealth and dwellings for most Aussies have grown in the past few years, but how do we best make use of this equity? Let's Wealth Coffee Chat!
There are some factors that we cannot control but what can we control? Create a strategy, consult an expert team and deploy some tactics. Let's Wealth Coffee Chat!
What are the short, medium and long-term effects of population and increase in migration on the property market? What does the data tell us? Let's Wealth Coffee Chat!
How much income do you need to keep up with interest rate rises? Let's calculate. We discuss this and more. Let's Wealth Coffee Chat!
Interest rate rises, before tax cashflow, after tax cashflow. What do you need to focus on? Let's Wealth Coffee Chat!
The current cash rate is 1.35. Today we dive into the other rates that are making the news and how this affects property investors? Let's Wealth Coffee Chat!
There are 6 forces that impact us, property investors. Today, we will do a deep dive to understand these forces and how do we navigate the upcoming land tax changes. Let's Wealth Coffee Chat!
Contruction for housing and apartments increased by 40% in 2020 which has caused a lot of delays and cost hikes till date. But will this trend continue? Let's Wealth Coffee Chat!
Aussies love a good sports event at the best of times and turn out in droves, but what would you get if you have 3 world wide sporting events come to Australia?....Lets Wealth Coffee Chat!
How can you as a business owner maximise a $2million dollar tax free opportunity. Today we discuss about the 4th Wealth Lane that property investors can access... Let's Wealth Coffee Chat!
Super is the 3rd most important wealth plan and today we discuss how we as property investors can accumulate more wealth in our super. Let's Wealth Coffee Chat!
Your income is an engine room for all investment activities. Today we discuss different income streams that can help you maximize your wealth. Let's Wealth Coffee Chat
Investors are better off than owner-occupiers when interest rates go up but we need to look at the other types of cashflows as well. Let's Wealth Coffee Chat!
As property investors, we can navigate increases in interest rates. Let's discuss the changes that benefit property investors. Let's Wealth Coffee Chat!
We have more time and less money and how does this impact our investments and retirement plans...we discuss this and more tonight at Mentoring!
Residential investment property is a cornerstone of our wealth plan but is often misunderstood. Let's Wealth Coffee Chat!
We are going to look at some calculations to get a PPR upgrade and what is the value you gain by deploying this PPR strategy... Let's Wealth Coffee Chat!
One should never put all your eggs in 1 basket...today let's discuss the 4 wealth baskets that we have access to as property investors...Let's Wealth Coffee Chat!
Don't let the fearmongering media demotivate you. Let's discuss numbers and how we as property investors plan for the future...Let's Wealth Coffee Chat!
How we act as property investors in the next 3 years will determine our property wealth 30 years down the line. Let's Wealth Coffee Chat!
There is a significant undersupply of properties in the market. Is this a BIG indicator to rule them all? Let's Wealth Coffee Chat!
Big changes coming up in the property market and we have an amazing guest speaker discussing everything related to property. Don't miss this!
Why is it that only 1% of the Australian population is able to create a property portfolio of 3 and more properties... Let's Wealth Coffee Chat!
If you set a goal for yourself and consistently work towards it..the universe will play its part to help you achieve that goal..here's my story... Let's Wealth Coffee Chat!
Cost of construction has gone up and house builders are taking a hit, but the media is hyping this up to get clicks..what are the facts? Let's Wealth Coffee Chat!
The media does love to ham it up with fear as it gets the "clicks" but is there any data we can see and learn from as the market changes gear?..... Let's Wealth Coffee Chat!
Should property investors look into investing in regional towns of Australia? Are capital cities no longer growing? Let's Wealth Coffee Chat!
What does this mean for us as property investors? Great question. Let's Wealth Coffee Chat!
The answer might surprise you, it certainly doesn't line up with the media hype that's for sure.....Let's Wealth Coffee Chat!
This one is the most exciting of the plans however many try to do it before they are ready.....often with disastrous consequences..... Let's Wealth Coffee Chat!
Note: I am not a financial planner and this is not financial advice however after creating Property Investment Wealth plans for investors, I have seen a few things that work and a few things that don't. Let's Wealth Coffee Chat!
Reducing Debt especially your "Non-Deductible Debt" helps create wealth and deposits so you can build your property portfolio. How do you do this? Let's Wealth Coffee Chat!
Finance is essential to building your portfolio and it's never about the cheapest rate! Let's Wealth Coffee Chat!
Who looks after your property and who visits your property often? Find out more. Let's Wealth Coffee Chat!
There are 7 plans to minimize tax. Here is plan number 3 that property investors can deploy. Let's Wealth Coffee Chat!
The "Acquisitions Plan" is the No. 1 of the 7 Plans every property investor must know and work on!
There is always things to focus on or your long term property investment wealth...Let's Wealth Coffee Chat!
Major banks have passed on 25 basis points and everyone is loosing their minds....its $17 a week....bit of an over reaction wouldn't you say...... Let's Wealth Coffee Chat!
Are you a property investor or a good time Charlie? Do you have a plan and a vision for your wealth or are you going to jump ship the moment things don't go your way?... Let's Wealth Coffee Chat!
Will a rise in interest rates by 2% affect your mortgage payments?.... Let's Wealth Coffee Chat
Which cities in Australia are going to see a population boom? How can property investors be better prepared? Let's Wealth Coffee Chat!
We are well underway in a rental boom. Where are the biggest rises and what cities are in demand? Let's Wealth Coffee Chat!
If you are losing money, then you have got the calculations wrong... Let's Wealth Coffee Chat!
Very little information is shared by the media or by our politicians about this looming disaster or massive opportunity depending on which side of the fence you sit. Let's Wealth Coffee Chat!
Great question and unfortunately many property investors get it wrong..... Let's Wealth Coffee Chat!
Property investors ultimately end up with large amounts of lazy money in equity and how to make good use of this idle cash is an important thing to understand. Let's Wealth Coffee Chat!
It's a record undersupply..what does that mean to us property investors and what will happen in the future.. Let's Wealth Coffee Chat!
As the media winds up and exploits the "negativity bias" to get clicks and attention what should we be doing? Let's Wealth Coffee Chat!
How are the elections going to impact property investors and how are the elections shaping up.... Let's Wealth Coffee Chat!
More and more Aussies are taking up this path to financial freedom... Let's Wealth Coffee Chat!
All property at some point when owned long enough ends up in this predicament so what do we do about it......Let's Wealth Coffee Chat!
There is a unique formula that the rich use to maximise their wealth and we as property investors can tap into that... Let's Wealth Coffee Chat!
Good question and often there is thing to be learned from the info at hand however it should be viewed from all angles and not one dimensionally....... Let's Wealth Coffee Chat!
How will interest rate changes impact your property portfolio? Let's think ahead and get to some answers... Let's Wealth Coffee Chat!
Lots of talk around interest rates and some big questions on property investors minds........ Let's Wealth Coffee Chat!
There is another part of this old. saying that is often overlooked which is important for wealth creation... Let's Wealth Coffee Chat!
There is an old saying, you make your profit when you buy....... I think that's only a very small part of it........ Let's Wealth Coffee Chat!
Investing in different states is an important part of our strategy for many reasons and today let's have a look at why South East Queensland has a solid future ahead of it. Let's Wealth Coffee Chat!
Who do you ask, what and when to do it? Investors often listen to the wrong person at the wrong time so what can we do about it. Let's Wealth Coffee Chat!
As investors, apartments are sometimes considered a secondary choice. However if you know what to look out for they can be a fantastic addition to the portfolio........ Let's Wealth Coffee Chat!
Its simpler than you think, but not as easy as it should be to achieve that........ Let's Wealth Coffee Chat!
One of them right now has a number of inbuilt "growth" drivers most investors don't understand and you must........ Let's Wealth Coffee Chat!
It's vital as an investor to stay focused and not get distracted. Let's Wealth Coffee Chat!
It's important to check in on how we think and look at what might really be going on....... Let's Wealth Coffee Chat!
Brisbane and many more areas have been affected by the recent floods and it is most certainly going to impact property prices.
Who do you listen to when you are building a property portfolio? The answer should not surprise you....... Let's Wealth Coffee Chat!
Sydney’s rental market has been described as a “chronic failure” it's actually worse in most other cities and going to keep getting worse for at least 3-5 years! So what do we need to know?... Let's Wealth Coffee Chat!
We always say it is never a sprint it's always a marathon and you need to buy well and never sell. You need to be able to stick with it for the long term...Let's Wealth Coffee Chat!
Put your rents up! I speak to so many investors who don't put their rents up when they can. The knock on effect is something you need to understand. Let's Wealth Coffee Chat!
It's wet out there. It's times like these when insurance and buffers are vital! Are you covered? Let's Wealth Coffee Chat!
Builders going bust! What does that mean for us as investors? Unfortunately, we have been here before as part of the cycle so what did we learn from the past and how can we apply it to now... Let's Wealth Coffee Chat!
5 financial reasons why interest rates rise? It will not have as big an effect as the media wants you to believe! It's been a strange few years with lots of uncertainty and interest rates are one of those right now...Let's Wealth Coffee Chat!
Ever heard the saying that your financial position will be plus or minus 5% of the top 5 people you spend most of your time with? What got you where you are now won't get you where you want to go next. As an investor, it's so true and important to be very conscious of who you run with... Let's Wealth Coffee Chat!
Last night we dived into some of these questions but let’s do some more this morning as it’s important to understand the numbers very well…Let’s Wealth Coffee Chat!
What is an Asset? Big question.......and most of us, including me, early on in our investing struggle to understand the answer. Over the last 20 years, I have heard many different definitions of what an asset is, however when we have real estate at the heart of our wealth it makes it easier to have a baseline for all our investing decisions...Let's Wealth Coffee Chat!
Can we learn from the game of monopoly? Absolutely but the lessons might surprise you! Will you win with cheap or expensive properties? Or somewhere in between good questions... Let's Wealth Coffee Chat!
3 ways to "Diversify" your property portfolio that concentrate your investment wealth not weaken it! There is a famous quote "Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing." Who said that? One of the most successful investors ever that's who...Let's Wealth Coffee Chat!
There are 6 Key Drivers when it comes to rent growth and value growth for residential real estate. Are you in place? Do you know what it is and how it's going to affect you and your investing?....... Let's Wealth Coffee Chat!
For property investors understanding, this is vital. Leverage is very important to property investors get it right it will help accelerate your wealth, get it wrong and it will end in disaster...Let's Wealth Coffee Chat!
54.3% of household wealth is held in this asset class but, are you making the most of it? Let’s Wealth Coffee Chat!
I love houses, townhomes and apartments in a property portfolio and they ALL have a part to play in your portfolio, depending on your needs and goals...Let’s Wealth Coffee Chat!
Well it’s a good question and in-fact you need to understand that it’s not only the number of properties but WHEN, WHERE and WHAT you buy that will make all the difference…Let’s Wealth Coffee Chat!
The price of a home is not the only number we should focus on as property investors...Let's Wealth Coffee Chat!
There are 200,000+ reasons why that won't happen. Also, do you know the 6 key drives of the property market? We should as property investors...Let's Wealth Coffee Chat!
The media likes to take normal and make it sound like a disaster, we must know the difference and what to do about it. Is the market behaving normally or is there a problem?... Let's Wealth Coffee Chat!
Should I buy in 2022? Should I wait for the "crash" properties will be cheaper? All interesting questions we must rationalize as investors with critical thinking, not media hype...Let's Wealth Coffee Chat!
Cashflow is King as the saying goes! As property investors we must understand the concept of highest and best use when it comes to our properties, not only the "Capital Value" its also the "Income Value"... Let's Wealth Coffee Chat!
Now these are some big numbers but what do they mean to us as property investors?...Lets Wealth Coffee Chat!
Land tax can be a significant cost to property investors and if you are strategic can be minimized. Let's Wealth Coffee Chat!
Are you prepared for 2022? So much is going to happen this year and it is better to be organized and prepared. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #25 - Knowing your numbers is a must.
Knowing your numbers is a must. Are you negative cash flow, Positive Cashflow, before Tax after-tax how does it work?
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #24 - 6 year assault over....we will see about that!
6-year assault over....we will see about that! Politics is a wild card in investing and can affect you in many ways.....let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #23 - Why investors lose money in real estate!
Why investors lose money in real estate! We need to talk....
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #22 - Sound too good to be true?
Sound too good to be true? Well it's not, but you need a plan if you want to achieve it. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #21 - Construction costs blowing up.
Construction costs blowing up what so that going to do to property values?
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #20 - Big regulations are out and about!
Big regulations are out and about! The market is too hot and we need to know how it will affect us. Where do we sit as proptery investors? Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #19 - Things you control and things you don't.
There are things you control and things you don't. You must have a strategy either way. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #18 - Can you use "Equity" for cashflow?
Can you use "Equity" for cashflow? Yes absolutely you can but it's not that easy and if done wrongly can end in disaster let's discuss!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #17 - Supply is completely f*%#ed!
Supply is completely f*%#ed! How long will it take to come back and what does that mean to us?
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #16 - The "Equity Rich.....Cashflow poor" problem
The "Equity Rich.....Cashflow poor" problem I see with property investors all the time! Equity is useless if its not producing income for you.....lets Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #15 - This is the most important finance tactic in a boom market!
This is the most important finance tactic in a boom market! Equity lock......you must understand this to master property investing!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #14 - The answer is not straightforward
The answer is not straightforward, but you MUST understand the Number/Value/Time ratio to make good decisions. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #13 - Debt is the key to your wealth!
Debt is the key to your wealth!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #12 - How do I actually pay for my property?
How do I actually pay for my property? I don't feel I can afford one? Most of us have enough money to invest we are just not clear where it is and how I can use its property....lets Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #11 - Duplex, Dual Income, Rooming houses and NDIS who will they work for
Duplex, Dual Income, Rooming houses and NDIS who will they work for, not everybody. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #10 - Never be negative cashflow ever!
Never be negative cashflow ever! The property should pay for itself....costs, repairs and renovations let me show you how!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #9 - INVESTOR PROBLEM: When is it time to sell?
INVESTOR PROBLEM: When is it time to sell? The market is booming, will it last, should I sell, what do I do?
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #8 - Be very aware of who you listen to
Be very aware of who you listen to and why as it has a huge effect one way or another. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #7 - How to lose $212,000...... it's a harsh lesson but sadly some investors have to learn the hard way!
How to lose $212,000...... it's a harsh lesson but sadly some investors have to learn the hard way! Who and what you listen to is so important and when you get it wrong it will cost you 1000s..... Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #6 - Which Cities Are Winning From Interstate Migration?
Which Cities Are Winning From Interstate Migration? Where did they go? 74,099 people leave Melbourne and Sydney in 12 months! Overseas migration is at all-time lows but certain states have been receiving interstate migration at all-time highs! Which ones are winning and losing and what does that mean to us. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #5 - Comm Bank just put up their interest rates.
Comm Bank just put up their interest rates..... What does that mean?
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #4 - Anyone else make $1,156 a day in your sleep?
Anyone else make $1,156 a day in your sleep? Wealth is created over the long term but sometimes it happens faster because of this strategy.
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #3 - Valuations in a hot market!
Valuations in a hot market!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #2 - Few places where we can legally maximise Tax-free gains.
There are only a few places where we can legally maximise Tax-free gains and your own home "PPR" is one of them. Let's Wealth Coffee Chat!
Over The Holidays we are playing the top 25 episodes of Wealth Coffee Chats in 2021. Here’s #1 - How do you pay off a $450k debt in 10 years?.
How do you pay off a $450k debt in 10 years? There is a lot of misinformation out there let me clear a few things up.
25 million dollar home sells tax-free! PPR upgrade strategy is an important part of your wealth plan, have you got yours in play? Let's Wealth Coffee Chat!
Supply is an issue and will be for the foreseeable future! What does that mean to property prices and which ones have the best chance of growth? Good questions......Let's Wealth Coffee Chat!
There are 4 income streams you can get from residential real estate ranging from 4% - 20+%! What's the difference? What's the risk? Should I invest in them all? And which one is about to "BOOM" in Australia. Good questions......Let's Wealth Coffee Chat!
Capital growth is not linear and often in a 15 yr cycle only occurs in short periods eg 2-3 yrs, why?... Let's Wealth Coffee Chat!
We see property investors get asset protection wrong all the time and when they do it's a cashflow disaster for most of them! For those who have and or are thinking of a Company and trust Structure for investing........... Let's Wealth Coffee chat!
We see property investors get asset protection wrong all the time and when they do it's a cashflow disaster for most of them... Let's Wealth Coffee chat!
Average % of income spent on rent highest in over 15 years and at the same time the lowest in 13 years....wait what? There is an opportunity brewing that no one is talking about.....Let's Wealth Coffee chat!
Values up 60% and lowest vacancy on record! What real estate class is that? It might surprise you and why does it matter to us as investors .....Let's Wealth Coffee chat!
Acquisition - Consolidation - Lifestyle. How do we move from Consolidation into the lifestyle phase and reduce our debt for maximum cashflow? Lets……Wealth Coffee Chat!
What are the "Market" factors that will make property values grow or decline? There 6 we see at work all the time. Lets……Wealth Coffee Chat!
Should you be paying off your investment debts or not? If not then why?.. Let's Wealth Coffee Chat!
Here we go again, APRA is back with banks and non-banks and are they really safe? who and what are they? Come along and find out why Jason thinks it will be a better choice going forward for investors... Let's Wealth Coffee Chat!
This is take 2 of house prices predicted to drop by 12%. Why do we think that CBA are predicting this will happen? Come along and join Jason to take a deeper look into this...Let's Wealth Coffee Chat!
It is so important for us as investors to be able to tell the difference between thoughts and facts. So let's Wealth Coffee Chat!
Are prices really going to drop 10-12%? Let's see what all the fuss is about...Let's Wealth Coffee Chat!
These news headlines are just getting better and better. Today we talk about the most recent headline which is are Clearance rates dropping and how will this affect us as property investors?.. Let's Wealth Coffee Chat!
What even is cross security and what does it mean for us? Let's talk through this and also dive into what Cross securitisation and Cross collateralisation means to us as property investors and whether it's a good or bad thing to have...Let's Wealth Coffee Chat!
Why do you think that housing construction numbers are at a new high and builders are going broke? How do you think this will affect us as property investors? Come join us as we answer these questions and figure out what is going on... Let's Wealth Coffee Chat!
What even are the 4 main financial stages that people go through in life? The 4 financial stages most people go through in life which is why most will NEVER have a financially free lifestyle ever and what to do about it!... Let's Wealth Coffee Chat!
Media headlines can be quite interesting sometimes. So why can't young couples buy a home? Is it becuase of the bigger loans needed or smaller deposits? When do you think this news headline came about?... Let's Wealth Coffee Chat!
Have you ever even heard of the 2 engines of wealth? Neither had Jason until professional investor managing over a Billion dollars explained it to him. For many we think investing should be exciting when in-fact it should be the opposite ......Let's Wealth Coffee Chat!
What even is diversification and why is it important for smart investors? Diversification might not be what you think, get it wrong and the consequences can be dire......Let's Wealth Coffee Chat!
What do you think could happen if the interest rates went up 2%? This is a huge topic so come along and find out with us what could happen. Quite a bit of talk about the RBA and the lenders right now. We will get out the calculators and see if this is a major issue or not!... Let's Wealth Coffee Chat!
Housing approvals have had the fastest-paced drop in 21 years! This headline from Financial Review is a bit sensational but let's take a deeper look into what they are talking about and how this will effect us as property investors...Let's Wealth Coffee Chat!
This is the largest gap in history for the Sydney median house and unit value. What does this mean for us as investors? has the day finally arrived where the price of units will outgrow houses? what's coming next?... Let's Wealth Coffee Chat!
Do you really know when the best time to invest is? Past, present or the future? As an investor we are exposed to professionals who influence our investing from these places, listening to the wrong one at the wrong time can be a disaster.........lets Wealth Coffee Chat!
The answer isn't a simple yes or no it totally depends and if you get it wrong it can severely affect your ability to invest. So come along snd join Jason to find out which is better, principle and interest or interest only?... Let's Wealth Coffee Chat!
Who else pays attention to the media headlines? Sometimes they over-exaggerate sometimes not. Well in this episode Jason talks through some of these headlines and what you really need to be concerned about. Mainly the idea that is the market going to crash by 20% or not?... Let's Wealth Coffee Chat!
Is it possible to pay your home loan off in 15 years? It isn't actually impossible if you know how. You won't learn this stuff from the banks, so join us on here...Let's Wealth Coffee Chat!
When land value increases it affects us as property investors by how? Jason explains how this can effect you and will discover which type of land has increased and as a matter of fact it isn't residential!... Let's Wealth Coffee Chat!
Being able to completely understand capital growth is a crucial component when it comes to property investing. At the moment there are many people who misunderstand understand the concept and can be a major issue. It is the number 1 reason why property investors fail. If you want to understand it more and avoid that come along and hear what Jason has to say.. Let's Wealth Coffee Chat!
What to learn how to analyse your investments? Come along to see how Jason uses an investment matrix to have a look at everything.. Let's Coffee Chat!
Which is better to invest in? Old or new? Jason goes through the pros and cons of both and explains the difference between them. This has definitely been a long ongoing debate in investing so let's find out... Let's Wealth Coffee Chat!
A balanced market sits at around 3% vacancy rate, so the fact that the vacancy rate is 8% at the moment shows its extremely high but why? Will this end up being an issue for us as property investors?... Let's Wealth Coffee Chat!
What does financial freedom look like to you and what does it mean? Jason shares his thoughts on what financial freedom is and a few ideas around financial freedom... Let's Wealth Coffee Chat!
Why has the construction cost gone up 75% in the last year? Come along and find out with Jason because according to the housing industry in Australia there has been some significant increase in prices to get a house built. How does this affect you as an property investor? Let's Wealth Coffee Chat!
The quadrants you must understand and how they can make or break your property wealth! Let's Wealth Coffee Chat!
Then it gets easier from there, however most fail to get through to where it counts! Why? Three main reasons... Well let's...Wealth Coffee Chat!
There is currently a huge rent boom and Jason wants to figure out what city has the highest rent and which has the lowest! What he finds out in today's video may surprise you so make sure you come along and watch... Let's Wealth Coffee Chat!
If you don't understand what you are doing and what returns are good or bad you could be making the wrong decisions. Returns are often misunderstood when comparing different investments and they are so many different ways to look at them... Let's Wealth Coffee Chat!
Over the past few months Australia's immigration numbers have significantly reduced due to the world wide pandemic. Now that things are opening back up again how does this affect us? Where will we fit them in? How will the property market be affected? All good questions so join us for Wealth Coffee Chat!
The housing market has officially hit the record valuation in just 5 months! As property investors it is important to keep up to date with what is going and finding out what we need to keep an eye on...Let's Wealth Coffee Chat!
Off the plan buying is super important to understand and it's not always easy to get your head around. They can be many different pros and cons to off the plan buying so come along and join Jason to find out more...Let's Wealth Coffee Chat!
The APRA is back and clamping down hard on the housing market and are preparing to release lending restriction options. Is this something you need to worry about? Let's Wealth Coffee Chat!
What are the 4 lanes of wealth and which one would best suit you? Come along and find out how you can make the most of these 4 different lanes throughout your wealth journey... Let's Wealth Coffee Chat!
Big regulations are out and about! The market is too hot and we need to know how it will affect us. Where do we sit as property investors?... Let's Wealth Coffee Chat!
Being able to understand money and wealth is crucial and unfortunately, the majority of people don't know how to...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Can certain locations yield better value than other locations?....Let's Wealth Coffee Chat!
Trading and flipping isn’t a simple process and a lot can go wrong so be prepared to be in it for the long run…Let’s Wealth Coffee Chat
How can we as property investors apply the right methodology to achieve our goals for the future? Come find out the right choices to help build your property portfolio.
Sound too good to be true? Well, it's not, but you need a plan if you want to achieve it...Let's Wealth Coffee Chat!
Investing is a mind game once the nuts and bolts are added to the mix, so how does it happen? The answer may surprise you...Let's Wealth Coffee Chat!
Banks gave 100s of millions of dollars to borrowers during the last 2 years, how did they fair? Do you know where the bank gets their money from to lend out? The answer might surprise you...Let's Wealth Coffee Chat!
This is the wild card for the future of property investing and you must understand it... Can it get any lower? Then what? What will drive growth into the future? Well...Let's Wealth Coffee Chat!
Investors, unfortunately, get this wrong and often also, sadly, so do accountants. What is it? Well...Let's Wealth Coffee Chat!
Today’s episode of Wealth Coffee Chats is all about Apartment Prices Set to Bounce as Houses Become Too Expensive! The ripple effect is a classic concept, but what other things are creating pressure on the market right now? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Banks open for business! Positive headlines everywhere... so why is still challenging for property investors to get a loan? There are many variables in the finance process and it's not just you that is been approved for a loan. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Covid has made every person I know look, probably for the first time, at their financial situation seriously to make better plans and do what I call; move the "Zero" line ...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
It's great when markets are booming but, what happens when they don't? The 5 Cities plan for your property wealth is vital to understand. Diversifying is a must. Let's Wealth Coffee Chat!
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Who wants Financial Freedom? Surely everyone, right? Well, it's deeper than that. We don't want money just for money's sake, but sometimes we lose sight of that. Well...Let's Wealth Coffee Chat!
Today’s episode of Wealth Coffee Chats is all about Are We REALLY On the Cusps of a Rent Boom? There is some good positive data showing that, however we need a few more things to fall into place first. What are they? Well. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Location, Location, Location. Best house, worst street. These are two sayings everyone knows but... are they actually useful? Well...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Will you survive the emotional roller coaster that is property investing? It takes time, money and commitment to create a portfolio, but sadly most who start out don't make it, why? Well...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Being a Millionaire... is it actually enough? And how possible is it? The stats show that Australia is the lucky country, but sadly, we don't always see it that way...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Is there a perfect investment structure? One to rule them all? I get this question all the time and the answer is not straight forward...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The answer is not straightforward, but you MUST understand the Number/Value/Time ratio to make good decisions. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Proximity for profit is important, but what happens when the market is growing? Does it still matter? There are a number of fundamentals in the property investing game and proximity is one of them...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The 3 money exchanges. You know #1 (the least efficient) very well, but the wealthy know all 3....and they use number 3 the most. #3 is the best but, how do we get there? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Passive income from property is quite slow and for many, hard to achieve but if you do it the right way then it can make all the difference. The "Asset Income Engine" is the best way to accelerate your income. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Data indicates that we are, but WHEN and WHAT will get it started? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The market is not rational, it's actually VERY emotional and quite frankly emotions are stupid when it's time to invest! We must manage ourselves when making investment decisions, but what does that mean exactly? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Sometimes we get too caught up in the details and get the dreaded "analysis paralysis". Let's zoom out for a moment and look at the big picture. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
We create our dreams from our investment portfolio, but how do we know if it's working hard enough for us? Cash on Cash return, Return on Capital, Internal Rate of Return. What do they mean and how do I use them to make good investing decisions? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
There are things you control and things you dont. You must have a strategy either way. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
What is build to rent? Have you heard of build to rent? Tune in to find out For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Growth and boom times are great, but if misunderstood, it will ruin long term wealth of a property portfolio. Let's Wealth Coffee Chat!
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Asset Protection is Vital. But does that mean companies, trusts and structures? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Why are you investing in property right now? Is it because the market is booming? Well that's a massive mistake. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Offset, Redraw, Splits, Buffer... How to use these loan features? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
There are only a few places where we can legally maximise Tax free gains and your own home "PPR" is one of them. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Which Cities Are Winning From Interstate Migration? Where did they go? 74,099 people leave Melbourne and Sydney in 12 months! Overseas migration is at all time lows but certain states have been receiving interstate migration at all time highs! Which ones are wining and loosing and what does that mean to us. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Be very aware of who you listen to and why as it has a huge effect one way or another. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Duplex, Dual Income, Rooming houses, and NDIS who will they work for, not everybody. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The gap between the average house price and average unit price in Sydney is the largest ever. Find out what this means for investors. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Who and what you listen too is so important and when you get it wrong it will cost you 1000s…….Let’s Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
It's the biggest rip off when it comes to property and certainly leave a bad taste in the mouth however there are ways to minimise these donations.......Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Politics is a wild card in investing and can affect you in many ways.....Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
There is a lot of talk and opinions but this one thing is absolutely vital if you want to succeed.....Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
It's bandied around often and its miss understood by many.......Lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Feezing home loans, Under 35 SMSFs, 2060 inheritance, vacancy rates, cheaper to buy than rent..... it is going to be jam-packed....lets Wealth Coffee Chat. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Life is short and hard.....don't wish it was easier because that's a waste of energy.....just get better at life.....and to do that you need a coach or 3....lets Wealth Coffee chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Most of us have enough money to invest we are just not clear where it is and how I can use its property....lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
It was amazing to see the things in common needed to win a gold medal and becoming a property investor......lets Wealth Coffee chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
This happens to all of us at one point or another but it doesn't have to mean were are stuck or do nothing.....let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
CBD Vacancy rate is now at 7.9% which is huge! How will this affect us?...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
At the moment its a very good time to borrow money however that won't always be the case.........lets Wealth Coffee Chat!
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The rent is your passive income stream not equity but I find investors spend too much time focusing on the wrong thing at the wrong time.....lets discuss.....Lets wealth coffee chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Multi-room Multi-Tenant properties are they worth it? There are many ways to approach property investing multi income properties sound goods but is there a catch? Let’s Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
There has to be a point to your property portfolio some of these ideas might give it some focus.....lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
APRA made a huge mistake last time so what will happen if they get involved again? Lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The problem with sweeping statements is they are always inaccurate and cause problems.... lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The "Equity Rich.....Cashflow poor" problem I see with property investors all the time! Equity is useless if it's not producing income for you.....lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
You want to make sure you have things in place for the unexpected....but how much is enough. What are the pitfalls? Lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Stuck on getting the next property? Tips on how to squeeze the most out of where you are! It's frustrating when you're in the acquisitions phase and you can't get the next deal! There are a few things that can help....so let Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The media are sensationalists don't be swayed.....lets Wealth Coffee Chat!
The media are sensationalists don't be swayed.....lets Wealth Coffee Chat!
Sometimes we are down in the weeds and often we need to stop and have a look around and check if we are on track.....lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Taxes Taxes Taxes and Tax time! Where did your money go? There are lots of acronyms and jargon in property investing let's try and clear a few things up about the above..... lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Positive Cashflow, Negative Cashflow, Negative gearing, Positive gearing......what should I be looking for? Confused? There are lots of acronyms and jargon in property investing let try and clear a few things up about the above..... lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Houses or Apartments which is better? It's a good question and the answer is....it depends.... lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Is your Wealth a Maybe or a Must? It will make all the difference.... Gunna dos and shoulda duns heard them all....where are you at? Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Should I invest in Commercial Property? What are the pros and cons? It's a whole different ball game in commercial property.... lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The 7 plans you need for maximum property wealth! What? 7 I thought we only needed 1! No.....7 let Wealth Coffee Chat. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about New Zealand! Ever wanted to invest there? Or want to know what's happening in the NZ market? Well, this morning we have a special guest from NZ to Wealth Coffee Chat.... let's do this. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Lending is important and over time it changes.....its never a one-size-fits-all. Having the right lending strategy is a must.......lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Quarterly check-in and update! How often do check in on your progress and goals? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Side hustle, lump sums, bonuses what are they good for? Servicing and buying power 2 of the most important things as property investors to understand and maximize, however many don't know how to do that......lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Private finance.......what does that mean? Interest rates at record lows mean money....and lots of it is looking for something to do......lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How fast can I pay off my property if I own it in my super? Fast debt reduction, Capital gains free and Income tax-free.....sounds great but not as easy as you might want it to be......lets Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Capital Gains Tax and your PPR (Home) what are the time frames and how can I make the most of them. PPR 6 years, 6 months FHB 364 days, 12 months what does it all mean? Well lets Wealth coffee chat For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Debt reduction is part of the plan.....so what are the ways to make that happen fast! There are many ways to debt reduce let's go through them. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How to replace your income....one day at a time....let me show you! It seems impossible sometimes to see how we can do it but let's break it down into bit-sized chunks. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about It's tax time! Have you got yourself organised? Every dollar counts.....better in your pocket not the ATOs make sure you get your max deductions! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The 3 exchanges of wealth and money....where are you at? We all exchange something what are you exchanging? Is it renewable or is it diminishing? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Who made $40k last month? And $117k since February? Let me tell you who and what they should do about it! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Proximity for profit is where the real Wealth is. We all get being close to infrastructure but what else if we are near creates wealth in our portfolio also? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The 4 mechanisms of property wealth! Getting the most out of every dollar is a must let's talk it through. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
What's that stuff got to do with property investing?...Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Pay yourself first! Sounds smart right.....however, most of us get paid last! Budgets, profits, saving these great ideas but do they work......lets chat.
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Buy well......Never Sell......Sounds easy doesn't it? Easy to say buy not to put into practice let talk through how and when to make a call on selling if you need too.
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How does depreciation work? Know this is important to your cash flow! How and when you claim your deductions is vital to understand..... For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How to never be negative cashflow! Growth is nice but if it comes at a cost you cant afford the is it really worth it?
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
It's a nice number but needs planning and strategy to make it happen. Let's Wealth Coffee Chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Land Tax will it make a big difference? If you know what you are doing land tax is very manageable let talk through. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Compared to what? According to who? Two questions that when used properly can be very powerful. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Why property is still undervalued!
Yield compression is something that is important to understand let me talk you through it.
Today’s episode of Wealth Coffee Chats is all about The budget is continuing to pro property! The property market is a foundation stone to the economy’s recovery that good news for us. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about What makes my rents go up? Rent growth is something we all want in our portfolio but its NOT as simple as the longer you own the better the rents! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The dangers of this market right now! I believe success is a very poor teacher....let me explain. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The 4 "Qualities" your portfolio needs for your future wealth. The flight to quality is real and must be understood when it comes to investing........lets chat! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Apex Cities.....New world cities.....what are they? As an investor, there are cities that you will be priced out of don’t miss this last opportunity. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Developing to sell.....how much do I need to make it work? Buy well NEVER sell is my catch cry......but when it's part of your strategy then it can work well when done right. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Record house prices in six capital cities! Hmm and? The sky is falling, the sky is falling.....its a bubble, it’s going to burst....blah blah blah For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Equity Arbitrage.....sounds clever and fancy....what is it and how can I use it? Let's discuss "Arbitrage is the practice of taking advantage of a price difference between two or more markets" For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Can you use "Equity" for cashflow? Yes absolutely you can but it's not that easy and if don't wrongly can end in disaster let's discuss! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
The 3 “Qualities” of your future wealth.
The difference between average and great will be massive if you get this right!
Today’s episode of Wealth Coffee Chats is all about Capital growth.....what is it good for.... Too often we look at the wrong metric I recon let talk about which one is the right one. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How many properties will you need? If a passive income is your goal then let's do the maths! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Lazy Money and why the banks get richer and you get poorer! Let's keep our money safe and put it in the bank.....our saving account.....no it's a losing account here's why! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Listing down 45%........lowest in 5 years! The undersupply is massive and is showing up everywhere. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Money won't make you happy........but. 20 years of investing and I have come to understand the difference between a “shallow win” and a “Deep Win” let's chat. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about How understanding population and demographics into the next decade helps property investors. Where are the people at what does it mean for property investors?
For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Your passive income engine should have multiple streams of income. Let's look at ways to take it to the next level! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Will it last? What should I expect? Ever heard about property doubling every 7-10 years........what rubbish! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Why investors lose money in real estate! We need to talk.... For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about "Off The Plan" buying can work well in booming markets. There are Pros and Cons which are important to understand when using this strategy. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Subdivision as an add-value strategy. There are many ways to add value in the game of realestate subdivision is a good one if you know what you are doing! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about The next great "toilet paper shortage: what is it? Supply chains are under stress and this one is at the heart of the housing industry world wide! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Have I missed the boat? What happens if this growth doesn't continue or goes backwards. Maybe I should wait I heard there is a bubble! All limiting thoughts and ones that will as a property investor ultimately no serve you. Here is 3 much better questions. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Any else make $1156 a day while you slept? Wealth is created over the long term but sometimes it happens faster because of this strategy. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about What age group has the high population in Australia? What will that mean to me as an investor? For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about This thinking will hold you back! If think you cant or you can you are right. For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
Today’s episode of Wealth Coffee Chats is all about Who is on your wealth faculty? It's not what you know it’s who you know that will predict your wealth in the future! For more great wealth content and to attend a free Property Investor Night go to https://positiverealestate.com.au/pin/
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Morning guys? Monday morning. Oh, let me just check if this has been on a wallace. There we go. Well good, morning everybody? Jason here stopping by for another morning coffee and a chat, I hope everyone's well. For those jumping over for the first time, Jason Witten's my name. One of the founders of the Positive Real Estate been helping property investors for over 18 years, building a property portfolios and across Australia, New Zealand and one in Belinda, been investing over 20 years myself. Today, I wanna have a little yarn about the 16, most valuable buildings. Valuable properties I've ever built and I'll tell you a little bit of a story. When I first started out investing, the reason I started investing many years ago, not only to create some wealth but I actually wanted to build schools. I used to be a teacher at a school in Sydney called Knox Grammar School and I loved it. I loved teaching. I loved helping young people and the problem with being a teacher for me was I didn't earn very much money and what sometimes I don't know if any of you guys listening in get this but sometimes you do something that you love, it's awesome. But the financial rewards for it, are poor, they're not great and you're looking into the future and go gee, but it's in the next 40 years earning this much or doing this much then I'm not gonna have much to show for it and that's where I got to when I was teaching at Knox Grammar School and a buddy of mine gave me a book called Rich Dad, Poor Dad. I don't know if anyone's read this. I might've talked about it before, but he gave me this book Rich Dad, Poor Dad, and sort of said, well the job I'm not doing any investing, morning Alison, morning Haime, I'm not doing any investing. You know, I love my job but my income is pretty insignificant at that point in time when I was a teacher in Sydney, it was $36,000 a year. So 36 grand I'm living in Wahroonga and if anyone knows Sydney or all that but it's a pretty flash place, Wahroonga. You know, I'm living in a one bedroom studio flat with my partner, Shay. When we're just having a nice time, we're getting pie but we're not, you know, growing our wealth. So I really wanted to, you know make a change in the education system. Also, I was really passionate about it. I still am very passionate about education. I love education. I think it's one of the keys to changing anybody's life. A good quality education about a subject that can, that matters. So I was a teacher. I read the book, Rich Dad, Poor Dad. I had a bit of an Epiphany. Wow. This could be for me. I could actually buy some investments and investments can grow my wealth and do you know what went on? When I've got some money I'm going to build schools. I'm going to build a school in Australia 'Cause I think the education system could be done a little bit differently especially for young fellows, but you know for anybody, girls or boys I think the education system needs an upgrade personally that anyway, that was my plan. That was my passion and off I went. And a few of you guys might know the story but I bought a few properties. You know, some of them went well some of that didn't go well learned a lot of things skinned a few days. Anyway, fast forward, you know, literally sort of 10 12 years, you know, around the 2012, 2013. And I started in 2001 investing for myself. So 2012, 2013 and I'm feeling completely lost despondent. I just feel my life has just gone in the wrong direction for those sorts of things. I've made some money, absolutely started the business. It's going really well. But I don't know about you guys. Like sometimes when you've got all these things and things seem to be going well over there purpose, the value, the real value, wasn't as meaningful to me. Money is really important. I'm very, very, I'm very, very happy and focused about making good money, a lot of money. 'Cause I can do some good things with it that that's like I don't have a problem with money. Some people do. Some people think, oh, money is evil, rubbish. It's the people who do stuff with the money that they've got a problem . Anyway, I was there. I felt off track with my purpose in life and I'm feeling quite despondent. Actually. I was on my way to Adelaide and I was going to one of our mentoring workshops in Adelaide, feeling a little bit down and walking in through the airport, I saw a book on the shelf, just jumped out, you know those airport bookshops, leaving Microsoft to change the world. And it caught my eye a lot. Okay, cool. I'm gonna grab a book to read. And I read this book on the plane and it literally changed the direction of my life. And I, I suggested it the other day to a few people to read for me, it was an absolute game changer. And that's it like, I don't have to build a school probably cause it's quite hard to build a school in Australia. I could do, I could build schools elsewhere and have a huge impact. So after that I read the book, went to Adelaide. I actually canceled going to the seminar and I actually locked myself in my hotel room and I wrote a new plan for the next decade. And it was about creating wealth for myself, but also when I can and then magnify and multiply in another life. So we started a relationship with a room to read the foundation and started building schools. We built a school in Nepal and 500 kids went to school. Okay. It costs $30,000, 30 Grand. We built a school. It was amazing. Okay. And it's really cool. Like it, read the room to read philosophy. It's about a co-investment in a community and the community has to put in the land and the community has to do some stuff and it was brilliant. I love it. It was really, you know, 98% of your contribution gets to the community and funds the community going forward. And so to today 16 schools, 6,000 kids, 6,000 go to school every day again. 6,000 kids. Imagine the return, imagine the yield imagine the growth on that. Yeah. Into the future. And we're building our 17th school right now. And you know, like I don't I don't tell the story to show off or say how good am I or whatever. And thanks Gang. Like, I really appreciate your feedback, but for me and maybe for you too, like sometimes, you know, the pursuit of money, like, Oh, did your property go up in value? And all of this other stuff it kind of seems a bit fucking naff, don't you reckon? If you get wealth in whatever way then for me it feels great to grow that wealth and then reinvest it in other places that had this exponential return gives you the warm and fuzzies anyway, so that, you know, yeah. Giving back man, you know, because this is what I believe. I believe it's our duty. I believe if you get a concept If you get it Your job is to teach and give back in one way, shape or form. You might don't do it directly as an individual But carry your family and making sure you're safe take some dosh and do something good with it. Change the world in a little while pretty is for you. 'Cause I think that's, I think that's good. I think it's cool. And you know that's the philosophy really that is founded positive you know, Sam and all of the coaching team. they love this stuff too. And you know, we let them mention clients now as well. That's part of our philosophy. So, you know yeah. And like , Shay said like we haven't like we don't sort of go visit them. It's something that community gets to do without it feeling like charity, let's be honest, we give we add value and we know the universal pay that forward expedientially, which is awesome. So we love doing that. I thought I'd just share that one today. They are the most valuable 16 buildings I've ever built. For me they're like they're the ones alright they my best investments ever. Dollars and cents, I get returns from other things. But for me the compounding future value, I think just imagine that six thousand, eight thousand, ten thousand kids going to school. One of those kids would be probably many of them be brilliant, amazing and change the world in ways I'll never get to see. So that's what I love about that stuff. So that's what for me, that's what money can do. Alright? Annoys me, these Facebook warriors sitting there carrying on like pork chops, being negative about people who've got some resources that they've got no idea what's going on and I don't have to answer them and nor do you, just do something important, useful, meaningful whatever it is like don't my thing as your thing like do your thing, but don't hold back, don't ever hold back. 'Cause you might find yourself one day a bit sad and despondent in an airport like Adelaide. Hopefully pick up a book and read it and change the direction of your life, might be nice. Anyway, Gang, hopefully. You're awesome and well. I thought I'd share about share that one today. 'Cause it was sort of bouncing around in my mind and hope you all have an awesome day and check back in tomorrow for another coffee and a chat, awesome gang. Alright. Take care hey. See ya. Bye-bye.
- Hey, good morning everybody. Jason here, diving for another quick coffee and a chat. I everyone's well, a little bit late this morning. Trying to get myself organized on a Friday. Hopefully everyone is well while the internet is warming up and people are jumping on quickly do the intros as I always do. Jason Seccond hand my name for those who are dialing in for the first time. Good morning, Good morning Justin. Great to have you here. Hey Damien Morning Alison. Good to have you guys on as always and supporting thank you very much. Been coaching property investors for quite a while. Hey Megan. Morning pen and investing myself over 20. So a good question. There was a question yesterday and I can't remember who asked it but I talked about the different types of properties houses versus apartments versus townhouses Morning Michelle and it's good conversation because it comes up all the time. And the answer to questions like, are apartments worse than houses or houses better or townhouses better. It's a very subjective question. And it all depends on what you want and what your budget is. And hi morning Brad depends on your budget depending on what you're trying to achieve, depending on the city you wanna buy in there's a whole lot of variable in that. But yesterday Preet did a follow up question from yesterday's chat, a coffee and a chat. I need a little sip of my coffee. Oh yeah. she did a follow up question saying, "I bought an old property "quite an old property in an area in Melbourne. "It was a two bedroom unit." It has an old property in Melbourne. "Should I renovate it to get better rent or sell it? "It's gotten the approval of two bedrooms unit at the back. "It's negatively cashflow by 500 bucks a month. "Please advise." So good question Preet. And this is the challenge. This is the mathematics, the challenge of sometimes of properties. And let's talk about secondhand properties today. By and large older houses end up with larger land content. And there's a little bit of a rhetoric that goes around, that more land equals better value better wealth, better capital growth. Now that's kind of true. And it depends on where you looked at. That does tend to give you a little bit better growth. The problem is The problem is the cost of the extra land. And what Preet is probably now experiencing is she may have bought land, bought in an established suburb an old house, that house now, cause the land doesn't attract the rent. Gang hear me when I say this, the size of the land has nothing to do with the rent you can charge for your property. Unless it's a commercial property or something else. And this is the part where you just have to be strategic. You just got to think this stuff through. Because it's not the capital growth that causes you grief nine times out of 10. It's the lack of rent or inability for the rent of the house, the dwelling to cover its own costs. And unfortunately right now, Preet is experiencing that as a property investor. Maybe thought well you know I'll buy house, it's even got an approval for another dwelling on the back. Fantastic. Add the value. There's upside there, there's wealth there, there's capital growth there. And we get a bit starry-eyed sometimes. And maybe this is true Preet Maybe this is not. So let me know if it is or isn't. I'm choosing this as an example today, to give you a question and answer a few questions. we see the add value. We see the upside of the property deal and we give that more credibility than the cashflow issues of owning a deal. The cashflow issues of owning a deal are far more important to you, for most people than a future, maybe capital growth and don't get this wrong. Okay. You have to make sure that the cashflow from that property is going to sustain itself and support you into the future. Okay. That's what I'm talking Preet right now has got probably a good property there that if she spent 30 to $50,000 on a renovation and got the rent up, so it can pay for itself would be worth keeping. My question to Preet and often my question to you as a property investor do you have 30 to $50,000 of excess equity accessible cash to renovate that property to get its rent back up? Because Preet got to get the rent up by my mathematics $125 a week to cover its monthly shortfall. That is a huge, a huge up uplift for the rent By and large that's not going to get done by paint and carpet and a couple of new light bulbs. That's not gonna happen in a renovation. That's why I dislike for most property investors second hand properties because you don't have the money to cover the cost of them, the houses on them are usually old designed very dysfunctionally and will require quite a costly upgrade to get them up to speed in the rental market. And good morning Shaquille by and large, you get to the end of wherever you are and you might have equity in the property, but the rent is so low. It doesn't support you from a servicing point of view and you can't get access to the equity. So it's a confusing thing this thing gang, By and large yes, If you had a nice big, chunky piece of land the value might go up. But the house value the house, the dwelling is what gets rented gang. The land does not bring you income. Okay. And we see this all the time when we're analyzing. Hey morning Nicole We see this when we're analyzing brand new houses right now in the marketplace. Okay. When we're analyzing the house and the person's like, "Oh, like I've heard land is lands the best thing. "So I'm going to buy the biggest piece of land I can." And so what happens is they go for a 500 or a 550. If you can find it square meter land in a nice new estate, 600 if you can get it. They pay $100,000 more than the person next door for the land, then the person next door for the land paid for their 400 square meter block. Right? And let's say it's two investors. The person on the 400 square meter block has a positive cashflow property. The person with the $600,000 block or the 600 square meter block they paying $100,000 more has a negative cashflow property in the same location, renting to the same tenant. The tenant's not going to pay $100 more just because you bought a bigger piece of land guys. It's not gonna happen. So we have to check our rationale in there. Okay. So it's a long way round Preet to answering your question. The answer to your question is, it does depend on the location. If the location is amazing and you have equity or cash in your property now that you could afford to do the renovation and build the two bedroom apartment at the back, then absolutely. Like I would if it all ticked all the boxes I would add the value because that's the highest and best use of the real estate Preet. Okay. Like I would. Okay. That's what a second hand add value property is for. And if you bought it well, if you've purchased that property well Preet, if you manage your budget well, you'll probably add value and have some instant equity over and above your costs. That'd be ticking the box would be awesome outcome. The challenge is, it's going to cost you 150 grand in the backyard to add the two bedder and probably another 30 or 50 grand to renovate the house. Do you have that money? And this is the conundrum for property investors. You can see the value but you don't have the cash, your strategy wasn't there. You didn't understand how to create or direct your resources to the strategy, to get the outcome. And you're retrofitting a question like light based on something you did ages ago, and it's hard to change it. But preet, happy to have a one-on-one conversation with you Preet. If you're listening in, reach out, that's what we do. We do some coaching. It could be you just need to restructure where you're at and go for it Or it could be preet, you have to sell it and buy a better property next time. Understanding, Hey Astrine understanding your limitations of your resources. Because we say what we do is we see possibility as property investors, which is awesome. And then our resources sometimes don't match the possibilities of the things we gonna buy and there's a gap And in that gap is disappointment. And in that gap can sometimes be quite some challenges. So gang that's why I believe having a good coach or a good mentor is essential in this game as you roll into it. But there you go. So Ben asked how about renting out your PPR to help with the lending? Absolutely mate. Like I've done that, I've done it. Many of our clients have done it. Rent out the place of residence. You can rent it out for six years, capital gains tax free gang, as long as you don't nominate another principle place of residence. So there's some extra benefits in there too which is quite cool, which is quite good. There was a question yesterday, or there was a little bit there was one thing yesterday also before I finish up this morning about my topic, about the principal place of residence, the PPR upgrade strategy gang. I think I did that one a couple of days ago, the PPR upgrade strategy. And I think it was Tanya asked about, if I rent out a room in my property is there a problem with capital gains tax? And the answer is yes. If you rent the room out, then that will in your principle place of residence. If you earn income from the rental room then it will have some capital gains tax a fix. Now you have to have talk to your accountant about that. However, my answer was don't rent the room, have the company if it's there, pay for amenities, pay for the electricity pay for water, coffee, tea, toilet paper, internet Don't rent the house. It gets to use the amenities. That's a good one right there. So chat to your accountant about that gang. There's some pretty cool stuff in there. Being smart about it is the way to go. Michelle got to put a tiny house on a property. I think that's a good idea Michelle. But the problem is Michelle, probably sometimes we don't want anyone on our properties, do we? But Oh good. Hi gang gang well listen, that's it for me today, coffee and a chat done and dusted. It's never black and white this stuff, there's always the devil's in the detail, right? So if you need any help gang, you need any support advice. Reach out. Me and my coaches around Australia and New Zealand love to help property investors. So track us down somewhere on our Facebook page or our website. There's a few events we do every now and then Be cool to have you guys along Tonight just before you go. Just before I go, doing Wine in Wisdom, Andy Fenton and myself, Andy from the banking and share world. Me from the property and finance world. And we debrief, we chat every Friday night, around about five O'clock a bit of a wine and hopefully some wisdom from the week. Wine and wisdom. Andy Fenton. Join us tonight on a Facebook live if you're up for it gang. And we just about what's going on. Favorite going in the secondhand favorite going on in the budget. Favorite going on this week in the world of lending and we do a bit of a debrief. Have some fun, maybe 45 minutes an hour conversation. So if you're up for it, grab yourself a wine a beer and come and join us Wine of wisdom 5:00 PM. Queensland time, no 4:00 PM Queensland time, 5:00 PM everywhere else. Anyway, hope you are all well I have a good one gang. Join us tonight if you're up for it. And if not, have an awesome weekend and chat to you again on Monday. Around about the same time. Around about eight o'clock QL daytime for another coffee and a chat. Take care, have a good one. That's it for me. Bye. Bye.
Hey, good morning. Good morning everybody, Jason here. Tuning in for another "a Coffee and a Chat." Marvelous Monday back at it, hopefully everyone had a good weekend, got some stuff done, a little bit of stuff around the house myself and hang out with the fam, which was always nice, hopefully you guys did too. Well again jumping on, just quick intro, Jason Witten is my name. For those joining for the first time or watching the replay, I've been property investing for . I have 20 years and coaching property investors across Australia and New Zealand over 18 now. So along the way, learn a few things, and each morning I jump on a quick five or 10 minute chat. Good morning my love. With the crew, with the tribe, just to share some wisdom, experiences, ideas, opinions, information about the property world. You know, lots of things fly at as all as property investors, you know, left, right and center, so sometimes it's just good to sort of check in and see where everyone's at. So, that's what "A Coffee and a Chat" is all about. So, thanks for joining me gang on this marvelous Monday. So, listen, you know, I chucked a little headline in here, "How Three Years Can Turn Into a Million Dollar Loss." And I chat with people all the time. I meet want to be property investors or property investors who've started there investing. Morning Johnny, Morning Chris. Ah, new investor, welcome buddy, thank you. Meet property investors who started their journey or are thinking about their journey, and obviously sometimes getting going, sometimes doing something that you've never done before, sometimes buying a piece of real estate is a very big deal, often some of the biggest things that people do in their lives. They say the most stressful things in their lives is something like public speaking and buying a house. But the idea that as a property investor, if you've got the resources, if you've got the capacity, if you've got the ability to invest, why do you wait? And I see this all the time. The opportunity costs... Morning trainer. Oh, is it not too good today? Now let me have a look. Hopefully the streaming's okay. Maybe the old wireless is a bit dodgy, let me quickly see. Yeah, it's on full wireless. Hopefully it comes good trainer. But yeah, listen, you know, I meet people all the time who've got the resources, who've got the capacity, there's nothing really stopping to invest in property or buy their properties, they've decided they wanna buy some properties, and they just take forever to do that, to take that action, to buy their properties, to buy the next one and the next one. They say, listen, what I'll do... Here's a few mistakes that I see property investors do. Oh, you know what? Just to begin with, I'll buy a cheap one. I'll buy a buyer cheap one and see how it goes. What a terrible idea. Buying the cheap piece of rubbish to see how it goes will end up in a terrible outcome. I see that all the time. So, I see that buy cheap one and we'll see how it goes. You know what? I'll buy one and then I'll wait a fair while, I'll wait three, five years before I buy my next one. And the other one is I'll buy one, I'll pay that one off and then I'll buy the next one. All right, and all of those are stupid ideas as far as I'm concerned, I've seen the opportunity cost be huge, been massive for property investors. And I've done some mathematics calculations, you can chuck it in a spreadsheet yourself. You can put in whatever calculation you wanna put in there, but you wait one year to buy a property, and in 15 years time, let's say that property grows at 6% with some tax deductions and some cash flow, you will miss out on the opportunity cost of waiting one year in 15 years will be just over $400,000. Wait, one year when you could have anyway, when you could've bought the property. Right now, if you can buy that extra investment, you've got the resources, you've got the capacity, What are you waiting for? Like the world ain't gonna get any cheaper in Australia for real estate, let me tell you it ain't. So many people wait around the GFC, I'll wait until it plummets 50%, you've got rocks in your head, mate, it's not gonna happen. Australia doesn't work like that you guys okay, never has never will. Our real estate system is not like Europe and not like America, and stop listening to those idiots like Harry Dent, who say it's going to be like that. Like, listen, only this month in Byron Bay, record house price set in Byron Bay, record house price in Byron Bay, Sydney record price paid for a house in Sydney at auction. This last week or the week before record price paid for a piece of land in a suburb in Brisbane. All right, the prices aren't gonna drop 50%, what are you waiting for? Okay, what's going to happen, and we've said this for a while, is prices are going to go up in certain places, and you're gonna pay more 30, 40, 50K more to be in Brisbane, to be in Canberra and other places like that, if you want to invest in those places. So, why wait? You wait one year it's 400 grand in 15 years time, the compounding effect. You might two years, all right, it's between 650 and $700,000, the compounding effect in 15 years time. You wait three years, it's a million dollar cost to you. Million dollars of value in 15 years time, because you waited three years, because I'll see how it goes. No, don't. The point is, and I've talked about this a few times gang, your acquisition phase, acquisition buying the properties that you want, you should crack on with it, just get on with it. There's no reason to wait around, there's no reason to I'm gonna certainly negotiate, and drive a good deal and find the right one, and diversify and get a good spot. And you know, but I'd mix it up with houses and townhouses and apartments, if you wanna diversified portfolio, those exactly, absolutely excellent stuff, excellent stuff. And I see this all the time too, I see people take on projects. Oh, you know, I'll make a hundred grand profit in a project. And I've seen this so many times with splitters, like subdivisions. Subdivision people go, oh, I'm gonna take on a project. And you know, inevitably it takes three years, I don't know if anyone is listening in here, you know, you think it's gonna take six months, it takes 24 months. It takes a long time to do a project when it comes to real estate. You've got three years, you made a hundred grand, maybe you didn't make that much, because you thought it was going to take 18. It delayed or ate into your interest or your profits, and in three years time you make 60 grand, and what was the point? Someone else bought a property, got a discount or a cashback straight up front of 30, 50 grand. It grew 5% for a couple of years and they've made more money than you, and they didn't have to do anything, didn't have to take any risk. Not that I'm against subdivisions or anything like that, I just wanna get across this morning with our chat, there is no time to waste, because for us as property investors, the point is to get our buying, our acquisition done as fast as possible in a safe manner, because we wanna get onto the bit, the lifestyle bit. We wanna get onto the income bit as quick as possible. So, if you've got the resources, you've done your numbers, you've got your strategy with your coach, you're feeling safe, you know where you're going, then there's no reason to faff around, it's a good time to crack on and go for a deal. All right, that's the way I see it gang. So, hopefully that makes sense, maybe even a little bit of a rant this morning with the all "Coffee and a Chat" as we're going along. But yeah, listen, don't wait around, and if you're feeling unsure, if the reason you're feeling unsure is like, oh, I don't wanna make a mistake, I get it a hundred percent, then get yourself a coach, like get someone who can help you make those decisions. Another set of eyeballs, another brain, another idea across it, because then you feel a little bit more confident to make those decisions. Don't give over all the power, we've talked about this before your six experts, your six star team on your team. Get a coach, just check my rationale, check my strategy here, am I going in the right direction? Do you see anything with the numbers and the challenges? No you looking good. Go for it, let's make this happen and away you go. But anyway guys, that's it for me for a Monday quick "Coffee and a Chat," a little bit of a shorter one today, but hopefully that makes sense. And you guys have an awesome Monday and have a good rest of your week. If you wanna join me tomorrow, same time, around about the same time, about eight o'clock each day, quick "Coffee and a Chat" and away you go, kick the morning off well, that's pretty good. A couple of questions coming in as you go. Hi, Jason, you wanna speak with me direct? Richard, if you wanna connect with me or one of my coaching team, you can track us down on our Facebook pages and send us a message. That's the easiest way to just flick us a direct message. Same as you Trent, love to catch up with you sometime if you want, that's all good clearly. And understand your strategy is good, because Marie, if you've got the money and you know your strategy, and you've got an extra buffers put in place, there's no reason not to buy three in one month if you can, like there's none. I've done it before, our clients have done it before, you know, buying three properties in three months, getting it done. Buy the properties, get them done okay. So, it's a good question. How long should I wait? And maybe your nervousness is you're waiting, because you don't know your numbers very well. You don't know your strategy very well. You don't know your buffer very well. And Marie, if that's the case, then you need someone to help you get that sorted, tighten that up, and then you'll feel confident. You know you've got the numbers, you know you've got the money, the budget, the equity, the cashflow, the servicing to do the deals, so good question and away you go. Sarah said, "Do I have any thoughts on region of Victoria?" Hey, Sarah, thanks for a good question. I'm always a fan of having your money in better location Sarah, and, you know, depending on what regional you're asking, if it's like Bendigo, Ballarat or depending on if you're asking on like Cobham, you know, or somewhere smaller, the smaller towns it's a big fat no for me, like don't do it. Don't do it, it carries no longterm economic power, the Cobras of the world, even though they're nice little towns. Nothing wrong with living there and having a home in that town, if that's where you're at, so it's a big fat no for those. Now Bendigo and Ballarat it's okay, but you can for an extra 50 grand, maybe a hundred grand, which by the way is only $10,000 more in deposit, you can be balling in Melbourne, Sarah, depending on your capacity to borrow. So for me Sarah, it wouldn't be my first choice for an investment, it's fine for your home, but it certainly wouldn't be a choice for investment. I would invest my money in strong economic, long-term economic locations that are powerful, like major cities and most budgets can get there, most budgets can get there. But if your borrowing power is a little bit limited, sometimes you just have to work with what you got. So, hopefully that makes sense Sarah. Again, it's a great question, one that sort of is good to answer from an overall strategy point of view, with your buying and servicing, your borrowing power done, your long-term strategy and yeah, go Melbourne buddy. Hey listen, Melbourne's awesome. Melbourne still one of the cheapest cities in Australia to invest in, so have a good crack at Melbourne. Be careful how you buy right now, because you don't wanna end up in some short-term rental stress, that's what you gotta be careful of at the moment. It's not normal, it's completely abnormal. It's not gonna stay forever, it's probably going to wash out after six to nine months, but just be careful of how you're getting there Sarah. Just give us a shout out if you need some help, buddy. Yeah Heidi, Adelaide doesn't get a mention often. Listen, Adelaide's, you know you can buy the same price property in Brisbane as you can in Adelaide, and Brisbane is a stronger city, Heidi. We've got a heap of clients in Adelaide, nothing wrong with owning your own home there. May be one investment there maybe, 'cause you know it is a strong little town. It's got some strong little capital growth, but it's economic power, Heidi longterm is really limited. It's a limited city and it's fabulous place, I love it, we used to visit all the time when we could fly around, great wine, great food, great people, great little compact city, but I certainly believe that you should be spreading your money into better locations longterm, it's called the migration of your money, and I might talk about that tomorrow actually, that's a good one. Good shout out. All right gang, well, thanks for the questions. Awesome, to have you guys chucking some out there. If anyone's still listening, chuck some more questions over the fence, I'll have a look at the chat later on today and maybe answer them tomorrow. Hopefully that answers a few of your questions. Thanks for chucking them out there, and I'm gonna coff off and get my day started. All right, hopefully that was a useful gang. Take care, be safe and catch you tomorrow, around about the same time, eight o'clock, for another "Coffee and a Chat." All right, bye, bye gang.
Hi, good morning everyone, dialing in for a "Coffee and a Chat." Just getting up to my office, show you guys a bit of a tour if you want while I'm getting myself ready for our "Coffee and a Chat" this morning. I don't know, I don't know if you can see in the background there, that's my office. I live in my office about 100 meters from the house which is pretty cool, which is always awesome. Nice to have a bit of room. Hi, so thanks for joining us. If you guys jumping on now, which is cool. Before we get going, always do the intros for those who are joining me for the first time, joining us for the first time. Jason Whitton is my name been property investing, over 20 years and a coaching property investors across Australia and New Zealand with my business partner Sam and my partner and business partner Shay. For 18 years at Positive Real Estate. So, hey listen, good question from yesterday in the chat, someone said, "Hey, listen Jason, is this off the plan thing, safe?" Is off the plan safe? So I thought, I'd talk about that today. I thought I'd have a bit of a chat and say, you know answer that question. 'Cause it's a good question, is off the plan safe? I like off the plan as a strategy personally, it's worked extremely well for me over the years and... Morning, Heidi, morning Raj , Dane's there, Alison morning, I do walk to work Alison. Yep, I get my fitness every time I need something, I'm gonna walk back to the house, which is cool. But I live on a nice spot, live on an acre. I've been working from home for 15 years, which has been cool. So for me, working from home is pretty good. But listen, good question from yesterday, someone asked is off the plan safe? Now off the plan is absolutely perfectly safe. No, no safer, nor more dangerous than any other acquisition strategy. And let me talk you through the strategies that we talk about and we coach too as property investors at Positive and the strategies we've used ourselves. So there's six strategies or types of deals you can do when it comes to buying some residential real estate. Number one, an easy type of strategy for an acquisition strategy is a discount or rebate strategy. So it's pretty straightforward, the property is on the market for 500, you buy it for 450. That's a way you can, as the purchaser acquire the property in a way that can help you create equity, create cash, get a discount, improve your rents and so on. So discount or rebate, we love that one positive. We've done literally thousands of those types of deals over the years, discount love it. The next one a lot of people talk about is a renovation type deal. So buy a property, house, apartment, townhouse, don't care, add some value right? Renovate it, fix it up, small renovation, large renovation. If the renovation is large I would say it's getting towards a development. And I wouldn't call that, something simple. You know if you're adding bedrooms, you're knocking down half the house that's a small development. So we've got discount, rebate, we've got renovation. The next two are ways to add value. And I've done a fair few of these myself over the years. And it's almost like a progression of value adding or ways to do a deal in property investing like sort of one to six here. One is called the strata, okay, so you either buy an existing property. And this is often where there's existing apartments or townhouses all in one title, you know, two, three, four, I've done a strata titling very successfully. Over the years, my largest strata was 15 apartments. I bought 15 apartments in Sydney, I renovated and strated them, they were all on one title so the gentleman who actually owned them or selling them built them himself actually 20 years before. And I purchased them all in one title. I renovated, I strated, chop them up and then onsell them for a very nice profit. So that strata titling. Subdivision is another way to add some value. So subdividing, you know, a big piece of land. It, complies with council measurements and you can chop it up. I've done a fair few of those, and they're really good too. I quite like them, these deals like strata and subdivision require a significant amount, more capital and they require the council to be involved heavily in your deal. And I wouldn't call them beginner deals. I wouldn't call them you know, easy deals, but they are profitable if you buy the right one and you understand how to do it. But I would... If you're within your first three to four properties in your investment portfolio these types of deals are not for you, okay. That's my position anyway, you need a nice solid bind hold wealth based first. Morning Diane. And then you can get onto more interesting deals. The next type of deal is off the plan, okay. And I'll leave off the plan to last. The next type of add value way to do a deal is a full-blown development from scratch. And you buy a piece of land and you can develop it into apartments, townhouses, or even a large subdivision. I do a couple of those a year. They cost way more money and they've got way more risk. And certainly not for the faint hearted. I'll tell you guys a few stories about that maybe in the coming weeks, I'll chuck a couple of stories in my morning, coffee chats about a few of those disasters that I've experienced in my life. Learn some lessons, very good quality, high value lessons, high cost lessons. But the question was is off the plan safe? And the answer is absolutely, what's not safe often are people. Let me just put it that way, all right. The deal is fine, but let me talk through off the plan, the positives and the negatives, okay. Off the plan, if anyone listening in doesn't really understand what it means, it is purchasing a property and 95% of the off the plan purchasing comes from apartments or townhouses where you put a deposit down today, a 10% deposit, you agree on a price today. You have a set of plans and some drawings and some photos. And the developer says "I'm gonna build something like that." And you're like "Good, I like the spot, I like the drawings and the design that you've done, here's my deposit. When you finish it Mr. Developer, Mrs. Developer, I'll pay the rest." Okay so off the plan, I like off the plan because of those things. Now the upside is, for 10% let's say $60,000 as a deposit you can control awesome, amazing pieces of real estate. And there's no more to pay for, let's say two years or three years off the plan. Your piece of real estate can be in a location. Let's say right now, I've got a piece of off the plan property coming up, that our investors will be taking a look at in Brisbane . It's coming up very soon, we're launching it to our, all of our members, all of our mentoring members very soon. And I'll talk you through it, like why I think that deal will be absolutely bomber right? So it's very close to the CBD, two and a half kilometers from the CBD. It's perched up on a cliff, It looks at the city with views, never to be built out. It looks down that way to the river, It looks down that way to the river in Brisbane. Absolutely spot on location and spot on suburb. The developer, so the location is good. The developer is extremely safe, the developer has one development of the year, building of the year, the design of the year, six out of the seven years in the last seven years in Queensland, okay. And then has gone on to win other awards nationally as well. So big tick boom, the developer.. Morning Simone, The developer is fully funded and has some significant resources to complete the deal and does not need secondary or third level finance or funding from untrusted finance and funding sources, okay. So you know, how do we check in on is an off the plan safe? That type of off the plan is awesome, I would expect that my deposit will work hard in the off the plan process. If I put my deposit down $60,000 for two years my deposit and the value of that property will either stay at the same price or potentially go up, okay. I think that mine will go up. I did one in Melbourne just recently in Collingwood. It's settled late last year. And the value went up, you know, $40,000 in the timeframe. And another one I did in Canberra, they both went up in value in the after plan, after plan timeframe. Okay, I put my deposit down and the values in the area rose in the meantime. How can off the plan be unsafe? Okay, well here's how often plan can be unsafe but really it's not the off the plan that's unsafe. It's you as the person that are unsafe to do the deal. Okay, so let me say what that means. Number one, you buy an off the plan property and you choose a poor one or something happens in the market place and it goes down 10% in value. Or the valuer, valuing the property, doesn't want to value it at what you paid for it, or you agreed to pay for it. You've either paid too much, or the value is a wanka. It's probably nine out of ten, the value is being a wanka. Sometimes you'll just pay too much because you didn't know, you didn't get any help, you didn't get any assistance and so on, okay. So you arrive at the time, you have to settle that property for an off the plan and you think, oh I've already put my 10% in, I've got a 90% loan, I'm fine. Hang on now the value it says it's worth 50 grand less and you have to put another $50,000 into the deal to settle it and you don't have the 50,000. So that's what can happen with off the plan. You can arrive when you think you need to settle it and you can't because the lending and the valuation doesn't agree with what you thought it was going to be. So that's where it can be a problem or an issue but what you make... What you gotta make sure you do is make sure you understand who the developers are. You check out their previous projects, you make sure they're fully funded, they're gonna deliver the project on time, et cetera, et cetera, okay. So that can be an external evaluation issue for you. The other one, you lose your job, something happens in your life. Two years is a fairly long time, you might lose your job. You might separate from a partner and let's say, you know, you both agreed you were gonna buy it together, 'cause that's how you could afford it. And then you're now single, your life circumstances change. So that's how often plan can be a little bit dodgy into the future. If your life circumstances are uncertain, okay so you have to be certain that you know, pretty well from where you are today. It's either going to be the same or improve by the time you get to the off the plan settlement. Which is, important, so that's for you. The other one is the quality of the developer. It's called the render to reality, okay. Now it happens in every, every state of Australia. There are good quality developers, we call them brand developers. They have a brand, they have a reputation in the market, which is important to them. And then there are developers that have no brand, no name. You don't even know who the person is building that property. You've never met them, you can't find them in LinkedIn. You can't... They don't have a company, there's no website. That is a no brand developer. And hear me when I say this you guys, there is no, there is zero reason ever to purchase from a no brand developer off the plan, okay. That is when you will get in trouble. That is when that person has nothing, nothing, nothing to lose by delaying, by not paying, by not delivering on what they said was in the brochure because the prices went up, et cetera. And that is where the danger is, It is when you think off the plan that one's 50 grand cheaper. Why would I buy the one that Jason's talking about? When this one over the roads, 50 grand cheaper. Oh my God, It looks exactly the same in the brochure. And that's when you get caught because most people shop on price and not on value, on true value. Price is irrelevant, If it doesn't deliver when it comes down to it, okay. So just make sure you understand what that means. That's why I believe if you ever want to do off the plan, off the plan in a group like we do, we call it co-op buying. We are a co-op and we purchase in bulk in a group 5 or 10 or 15 or 20 from a developer as a group of people that developer must behave, there's 20 of us. And if they don't deliver we will band together and give them a hard time. You by yourself, isolated alone, and that developer doesn't deliver you have got nothing to stand on unfortunately. So can can off the plan be unsafe? Absolutely, 100% It can. It's certainly not for people who don't understand real estate. That's why like buying a property today and... Like seeing a property today and buying it tomorrow is quite simple in comparison to off the plan. But off the plan can be super powerful, massively powerful. I love it, as a strategy, It is certainly a key strategy in good quality real estate around Australia, okay. Ashton just said here about rescinding contracts. Yup, and which is good so Ashton once you're in a contract that off the plan contract, and you've gone unconditional so you as the buyer, you cannot rescind the contract. You can't choose, "Listen, I don't want to do it anymore gang, thanks but no thanks." You're contractually bound to settle a property like you have to do it and you know irrelevant of your circumstances. You can apply, you know, on compassionate grounds let's say something went... Didn't go to plan, you know, you had some circumstances in your life. And I do know a number of really nice quality, good people developers who have let people out of contracts from time to time for genuine issues. But 99% of the time, it's like, well hang on. You know, you said you could pay for it two years ago. I trusted you, I went ahead and build this property. Now I've incurred all the costs, you need to settle it. So you can't get out, if you just change your mind Ashton. That's not how off the plan works. So you have to be certain, to go the distance guys. On the flip side, which is a little bit annoying which is kind of hypocritical when you think about it. But you know, the developer is in the driver's seat not you, they can via a mechanism in an off the plan contract called the sunset clause. The sunset clause rescind the contract, if it goes on too long. So the developer can rescind the contract. Yep, there you go I've seen you asked it there and depending on how the contract's written Ashton you could cancel it or the developer could cancel it, so check in on that one mate, as you go. Certainly once the sunset clause is passed kind of the gloves are off, which is fair enough. You know, maybe something goes wrong, maybe COVID hits you know, in Melbourne it's gonna cost more for that developer to build that property now. And they kind of like... It's gotta make a loss, so they can't go ahead and build it. So there are genuine issues in that process as you go. Melinda asks, what about off the plane in Melbourne gentrifying areas right now? Absolutely Melinda, and we love this. At positive and Sam my business partner has written books about it. He talks about it at universities, the gentrifying areas. And we use the off the plan strategy in the gentrifying areas, right now we all know, we all know that Melbourne is having a bit of a tough time when it comes to COVID right now but it's not gonna be that way forever. And, you know, Melbourne will come strong. It's an amazing city, It's a beautiful amazing place to live. It's got huge amounts going for economically beautiful city. So, you know, if you're concerned about buying a property physical property today in Melbourne, then off the plan is a fantastic strategy. I'm doing off the plan in Melbourne right now. And my property is going to land in 2023, fantastic, right Right in the middle of when you know, the peak level of property shortage, the peak level of everyone back at work and jobs, the peak level of migration going to start and come in the peak level of vacancy rates being low. So I'm using off the plan as a bit of an opportunity to put my foot on a spot, being in control of a piece of real estate to land it at a time where I believe there will be little to no challenges or issues in the rental market. So, but if there is, you have to be prepared for getting that wrong and you have to be prepared to own that property for the long term into the future. And I am, and you know, Melinda, if you're thinking about that now 2022 is gonna be very good. I think it's perfect, but just make sure you grab a little, bit of extra maybe cash, buffer another five or 10 grand up your sleeve, just in case there's a little bit of wobbles, but you know, if the property's good and you're happy to own it for 15 or 20 years then the short-term stuff is just short term off. Off the plan is good, It's a good strategy. If it suits where you are, suits your financial, suits your emotional capacity and your mental capacity as a property investor. But certainly you've gotta check in those no brand, no name, nobody developers, silliest thing you could ever do, just because it's cheap. Cheap does not mean value when it comes to off the plan you guys. If you wanna get a deal, if you wanna get a good price deal, wait till it's complete. Wait till the whole thing's built and at Positive we do that all the time, our crew do it all the time. The last 5 or the last 10 the developer hasn't been able to sell off the plan, well we go in and bash them up and get a big discount. So wait till it's completely finalized. You can get a valuation today, you can get a discount today and you can settle a property tomorrow. And sometimes, sometimes those no name, no brand developers actually deliver a pretty good property. They built it so you can see it, they've built it so you can investigate it. And if they delivered on what they said they were going to do then perfectly fine. But I wouldn't put my money in the off the plan hope and pray strategy for the no brand, no name developer ever, ever that would be madness. Anyway, that was a good chat today gang. That's a good question, thanks for asking that one. I can't remember who asked it but I'll give them a shout out in the chat. So if you guys got any questions, chuck it in the chat, guys always happy to answer, have a conversation about these things, as we go the morning coffee and a chat, I quite enjoy sharing these experiences and ideas with you guys. So thanks for joining me a few online today which is awesome, but that's it for me, gang "Coffee and a Chat" and done and dusted. If, anyone wants to find out about our mentoring or our co-op group buying, or buying off the plan and you need some help or some assistance with that, give us a shout out. Track us down in our web page, track us down in our Facebook events. We do training events every week, or hit me up with a chat or a message. We can have a bit of a yard. Alison, we've got some amazing deals in Canberra. 7% yield, 360 K, they're pretty good actually. Only Canberra is our little winter, but give us a shout out, if you need some help you guys Alison, I can help you with that one buddy depending on where you wanna buy that's for sure, but hope you guys are good. Have an awesome day, it's Friyay. Tonight, Andy Fenton and myself are doing "Wine and Wisdom." We're gonna debrief the week, the whole week. What's in the news, the budget. It's a big one, it's an amazing one. We're gonna that tonight at 5:00 PM New South Wales time, 4:00 PM Queensland time. I think that's what we're doing anyway, as you go. So join us for that this morning gang, as you go... Ashton there you go, mate, yep the developer got a discount 5% off good work mate. My only thing Ashton with those sorts of things is be careful, if that developer is a no name, no brand, unidentified developer. You know even if you've got the discount, you know, maybe they've under priced it but mate just check in on it. Just letting you know what you've gotta check in mate, but a 5% discount awesome mate good job. That's more money in your pocket and that's the way to roll. So, all right gang if you're gonna join us tonight, join us at 4:00 PM Queensland time, 5:00 PM New South Wales and Victoria time. And for the other States I can never bloody remember. Alright guys, have a good one. Friyay, bye bye.
Hi, good morning everyone. Morning! Morning! A little bit colder here in Queensland today. Bit rainy overnight. Hopefully everyone is well while we on the internet and people are jumping on the live, we'll just quickly do that intros. Good morning Jason Whitton is my name. Each morning around about eight o'clock, jump on the old Facebook and do a bit of a Facebook law coffee and a chat. Good morning Alison you're always. Oh, I see great to have you on the lot again and just talk about little tidbits of information, inspiration whatever it might be for asset property investors. As we go on this journey, it's a marathon not a sprint. We've gotta go the distance but we've gotta be smart and we've gotta be focused and understand you know, what the outcome is. But today a bit of a shout out from someone yesterday asked about the principal place of residence, the PPR Upgrade Strategy and it's an excellent strategy. One we should keep in mind as we move through this journey, we call property investing, creating wealth as property investors. It's one of the cornerstones, the pieces of foundational wealth that you need to make sure you get right in this activity we call property investing, property ownership. Now your principal place of residence buy large, the debt on that is a bad debt. Okay? And so we've talked about this before and in other videos making sure that when we have a our own home principal place of residence, we target to reduce the bad debt and make sure that that happens at the right sequence. It's usually after acquisition is done because our resources are all of our spare capital needs to be put towards deposits. But for the most part, most people if they have a debt reduction strategy can pay off their own home principal place of residence within 10 to 15 years if you do it right, if you follow the strategy, follow the process, understand where your money is isn't and use it well. You can reduce your debt on your home significantly and fast. Okay? So the Principal Place of Residence Strategy Upgrade is a strategy that you use for tax-free wealth. Your own home is a tax-free asset. It's one of the only assets that you can own that if you buy and sell that asset, you don't pay any tax to the government, any capital gains tax to the government. Obviously when you own it you know you pay some rights and I technically that's a tax you pay some stamp duty when you buy a new one technically after tax but a sale tax, a gain of wealth, you don't pay any tax on the gain of wealth on your own home. So part of the strategy when you create a strategy over a 15, 20, 30 year plan, let's say we think a little bit longer in Australia. It depends on how fast you can pay your home off. Gang it is smart to go in two directions with your principal place of residence for upgrade. Number one, the first part of an upgrade Principal Place of Residence Strategy is the you purchase a property in a good location now let's say it's maybe an up and coming location. You lived there for 10 years. You reduce the debt and now you have a home that has got low debt or no debt on your principal place of residence, around you that a suburb has risen in value. You know it's gone significantly well. We've got one of our coaches in Melbourne. She did just that, you know 12, 13 years ago she bought a property in a pretty interesting location. It was good. It was a good location but it wasn't like the best best, you know in 10, 12 years later, it's an amazing location because the city has just put the pressure in that the capital growth around her and instead of selling her property and moving on, she has chosen to do a significant renovation on the principal place of residence because the house was old but the location and the land was excellent. And she maximized it's what's called the highest and best use, add value renovation to that property. So we've got two choices. First part of this is your principal place of residence it's capital gains tax-free. Your debt reduces significantly or pay it off completely. You get to this point, we go right. We've still got you know, we've still got the capacity to borrow. We've still got 10 or 15 years of working left in our life. What shall we do? Shall we significantly upgrade the property wing cause it is in a good location and now the house is not the highest and best use of the land we're living on or you know what? This area that we're in, that we could afford 10 or 15 years ago is a nice area but it's certainly not a premium area and it's time for us to sell our home and go buy in a premium area. So let me just try and put some numbers in this. Let's say you purchase a house, you know 10 years ago for $400,000. Now that house now is worth $800,000 let's say and you've paid off the debt. Okay 10 years later, you take that $800,000. You sell the property and you can go purchase. Let's say a property for 1.2, 1.4. You know, don't have too significant a debt, a debt you can pay off in 10 to 15 years maximum. Now you jump in location, you jump in property quality, you jump in maybe lifestyle value, a suburb a much better location. Now in the next 10 or 15 years time that property going up in value because you've shifted into a better location, goes from 1.4 to $3 million. Now the one you, if you stayed in the 800,001 and let's say it doubled in value, it's only $1.6 million. So you know the capital gain value over the long term principal place of residence, capital gains tax-free. Grow your principal place of residence value because it is the one of the only places you will ever get a tax-free capital gains sale in your personal name. It's the only place. You can have capital gains tax free sale if you own a property in super and you can have a capital gains tax-free sale if you're structured in business and your own a workshop or an office or something, and you qualify. So if you ever want to know about that stuff, let me know. It's a little bit more interesting but that's the idea. So you know guys part of your long-term strategy if you're looking to maximize your wealth should be the principal place of residence tax-free strategy, okay. There's another part of that principal place of tax-free strategy which is some people move in and buy and own principal place of residence, live there for a year, live there for one year, get all the grants and whatever, move out and rent it out for five. You can rent that property out for six years, live in another property, a rental property not have another principal place of residence and you've still got six years to sell that property capital gains tax free. So that's seven years of growth on that property. You could trade a property like that every six or seven years. So there's a few strategies around the principal place of residence, your own home that make a lot of sense using it as a wealth base to grow your capital and shift your wealth to the next location. The next opportunity if that's what you wanna do. Now for some of us we might have children and you know commitments and all that sort of stuff, the right school. I wanna be in that location whatever, you know moving you couldn't even comprehend it. So then potentially you would be better suited in that upgrade strategy which is the renovation strategy, add value, maximize the value at a point where it makes sense to with your principal place of residence. Okay? Hopefully that makes sense today gang as you go. And yeah, Alison here she said, I don't have a principal place of residence but I only wanna buy investment properties which is perfectly fine. Alison you know for some people, the PPR is not part of the strategy and that's okay. There's nothing wrong with that Alison but potentially we could tweak that strategy, potentially we could get you to live in one for six months and then we call that your principal place of residence for the next six years. And if we needed to do up like a trading boost to boost your capital, we could sell one tax-free and then upgrade to another one. There's a couple of ways to do the strategy. So it's not always the only way but that is one of the ways you can continue to grow your wealth tax-free as a property investor. Remember this gang you've only got certain amount of resources and everyone else is always trying to take those resources from you, right? The government, the banks, like everyone's trying to say, oh give me your money. You know trying to take the cash. Your job is to keep as much of that money as possible. The gross to net difference, you earn $100 and you put you know $700 in your pocket. That $300 that's gone missing. That's been taken by others. We need to get more of that back. Okay. The more we get the better off we're gonna get the longterm gang. And it's you know real wealth is about you know the compounding effect of $1, you know over the next 30 years, saving $1 extra everywhere rather than you know one big hail Mary decision to make the wealth all in one guy like that's gambling. Having a clear strategy about in 10 years time, I'm going to upgrade my principal place of residence capital gains tax free and double the exit value in 15 or 20 years time after that. That's strategy that's real wealth. That's planning. That's smart. And it's totally doable by everyone as you go. Oh yeah. Anthony, good question about demolishing and building. It's a little bit of a technical one that Anthony and it's certainly one that you'd have to chat to a good accountant about but certainly what can happen mate is that you can sell that property to another entity that you own, a company or a trust and then build those two properties and keep them for the future for investment. There's a few ways to make that work Anthony, which is quite clever so. Made a good question. That's one that many people do actually. So I might, if you need a good account and let me know but yeah you usually sell them to an entity, your own entity, which is a company or a trust to keep them for investment purposes moving forward. And especially if you do it at the end Anthony, if you do it when you're a bit older coming close to within sort of five or eight years of retirement, there's a very different, there's a very different opportunity to roll quite a lump sum of that gain potentially into your super. Now I'm not a financial planner. I'm not giving any advice here but I know this is a strategy that you could talk to your financial planner about or you could ask me about the right planner to talk to about this strategy. You can roll over a significant amount of money if you're super in a certain position, tax-free for income tax-free and capital gains tax-free, future gains in your super. So you know there's some good conversations. This is all strategy gang. This is all strategy as your go so and it takes time to let this strategy mature. It's certainly not something that's gonna sort of all play out in 12 months. These strategies are good chunky wealth strategies that you have to have a bit of runway a few years in advance locked away to make sure you get there. Chuck Kilz asked about a good accountant and financial planner might all have got an excellent financial planner in Melbourne. Send me a DM. His name is Andy Fenton. He is amazing. He is awesome. I can connect you with him. I don't have an accountant contact in Melbourne, for you might but I've got them in Sydney, Brisbane and the Gold Coast, if you don't mind. So I DM me Chuck Kilz and I'll hook you up with the details might. Oh good. All right gang hopefully that makes sense today. Thanks for the shout out. Whoever did that one yesterday about the PPR Upgrade Strategy. I'm always happy to dive a little bit deeper in our morning coffee chats about explaining some of this stuff in a little bit more detail. Obviously this is strategy but implementation down to the nuts and bolts tactical, guys you gotta have the right people to help you execute this stuff. Okay don't try and do this by yourself because there's a lot of moving parts to get right The idea is a big idea. We call it a clouds idea and to get it right you've gotta get down into the dirt and make sure everything's lined up, all the nuts and bolts are sorted. You know your coach, your financial planner and your accountant should be part of this type of strategy conversation. Okay? You'll property coach. If it's property, listen I've said this a million times accountants and financial planners, aren't property experts. You need a property coach to lead you with these types of decisions but the execution, the implementation of the nuts and bolts of the strategy, a good accountant and a good financial planner who are pro property, who believe in property, who support property who don't wanna then confuse you is vitally important. So there you got, I know again that's it. Coffee and a chat done. It is what's day Thursday, I think it's Thursday. I'm a little bit disorientated but have a great Thursday. Join me again tomorrow, Friday coffee and a chat. If you haven't already. Another little shameless plug about my podcast. It got launched on Tuesday, the first episode. So if you haven't already, download my podcast called The Wealth Faculty and have a listen. It's the kickoff of me interviewing many many people about you know, what is true wealth to you or them and learning about the people that you're gonna need in your team for the future to create, you know significant, sustainable longterm wealth and health for your property portfolio. All right gang that's it for me signing off for another coffee and a chat. Thanks for dialing in everybody and have a great Friday. Wednesday, is it Wednesday or is it Thursday. It is Wednesday. You're right. Anyway oh good. See I told you all these aren't Thursday. Anyway join me tomorrow. Whatever day it is. All right gang. Take care and see you tomorrow. Thanks for joining. Bye bye.
Good morning, everybody. Morning, morning, Jason here. Welcome to another coffee and a chat this morning. I thought, my office, my studio was all set up tonight. I dunno if you can see it here, I've got my mentoring on tonight where we sit down with our team from Positive Mentoring Program. That's my studio behind you. All around, anyway I'll give you a bit of a tour. Morning Ellison. There's everything set up for this evening. If you can see it anyway, it's not a very good tour. Oh, the cameras, lights, action for this evening. But great to see everyone jumping on this morning. Good morning. Marvelous Monday it is. I thought we'd go outside this morning anyway, because my studio is all set up for something else. So we'll sort of pop out. So it's a beautiful day anyway, but for those who are joining for the first time, Jason Whitton's my name. Property investing 20 years, coaching property investors over 18 with my business partner, Sam Saggers, my life partner, Shay Whitton. We've been running Positive Real Estate for that period of time. There's my office up there, actually. If you guys can see, I've got a little office, which is pretty sweet. I live on an acre, not far from the house. So I get to go to the office every day, work from home, but I still get to work from an office. It's kind of nice. So then anyway, I love it. So I thought we'd go outside this morning because absolutely gorgeous outside today. But welcome along for those who are joining me for the first time and those who are coming back, fabulous to see you again. Each morning, get together with everybody. Just talk about property investing. Being like I said, been property investing over 20 years myself and share a little bit of wisdom each morning over a coffee and a chat. So great to see everyone here, a few chats coming through, which is awesome. So give us a shout out if you've got any questions, but this morning I was going to talk about what's it going to take to buy that next property? Because we're all building our property portfolio and often getting started is actually fairly straightforward. You know, you've already got some resources in play. You've already got some income in play. You've already got some deposits or some equity or some cash that you can use, but once they're used, once they're invested, once you've got your deposits, your initial deposits, let's say it's 100, you know, 150 grand. Thanks Carolyn. Let's say your income is, you know, maximized for the servicing. Well, what next for you? What next? And that's what I thought we'd talk about this morning. Two parts to this process that we need to understand about what's it going to take to buy the next property? Number one, actually the easiest one, is where you're going to get the next deposit from? Okay? Unless you've been strewing cash under the mattress for ever and a day, you know, your deposit is going to come most times from two places, okay? Number one, the equity growth in the properties that you already have. Your properties growing in value over and above a certain loan to value ratio. Grow in value and they create the next deposits for you, your own home, your investment properties, or multiple investment properties. Where is that deposit coming from? Now, the challenge sometimes is that growth is a bit slow. Sometimes you need to boost it with your own saving or cash put towards the next deposit. Now this is the tough part. This is the disciplined part of property investing, you need to be disciplined enough to get enough deposits going in a market place so you don't have to save cash anymore, okay? And in my experience, usually two to three deposits in the market working usually then become self-fulfilling, self-rolling, self-replenishing going forward, okay? Two to three deposits. On average, a $500,000 property right now will take you at a 90% loan to value ratio. Approximately 75 to $80,000 to purchase that property depending on the state that you live in, depending on the state that you live in, depending on their statutory expenses and costs, okay? So the stamp duty and so on. So that's why it's like 75 to $80,000, depending on where you're buying, what you're buying, and how you're buying it. If you're buying an owner-occupier, it's a little bit less, if you're buying an investment property, it's a little bit more, okay? So two to three properties, two to three investment deposits would be 150 to $225,000, okay? So that we need that amount of money in the marketplace. You're saying, "well gee, Jason, I don't have that." Well start where you are, okay? So the deposits are created by two mechanisms, one: capital growth from the properties that you already have, and releasing the equity from those properties and two: you saving more deposits, like Alison saying, here, "saving after-tax dollars is a marathon." Now there's a little twist in this, which is something important to understand, when you buy investment properties, if you buy newer properties that give you tax deductions, you get to save your money. You get to create saving for future deposits, from pre-tax cashflow, from dollars before you pay tax, which is good because you get depreciation, okay? So deposits, some people use deposits or create deposits by joint venturing with others, okay? Joint venturing with others, with friends and family or business partners, not my favorite one, but some people do that. One way to create deposits also is to borrow money from family. I quite like that one, especially moms and dads lending money too, when they've got lots of equity and they lend money to their kids, that gives their kids a real good boost because often, younger people have got good incomes, older people do not, joint venture up that way or lending some money that way can be beneficial for everyone at the same time. Where are you going to get your deposit from? Number one, that is the thing you've got to focus on. Where are my deposits coming from? Now into the future, if we're able to borrow up to 95%, then we might need less money to get into properties and that's going to be excellent for us as investors also. Now let's get to the next one, next part of this conversation, which is the tougher one, all right? Like saving's pretty tough. Like Alison said, that you know, most of us haven't got a gazillion dollars hidden under the mattress, use your extra cash flow, Use your tax benefits, tighten the belt a little bit on things that you don't need to have right now, that you can buy your properties with. One of my clients, Justin, he sold his car and his motorbike and saved his butt off for his first deposit, okay? He didn't need a car, he didn't need the motorbike. He sold them, got the money, bought a property, consequently, he's made a hundred thousand dollars in equity and now he's going on and he's getting set up for his next property. Now he did the next thing, which we talked about for a little while as well. So often we get to the point where we might have equity, we might have deposits, we're ready to roll, but servicing, the ability to service the loan, holds us back. And we're like, well, what are we going to do about this? And this is the tough talk gang, that maybe some of us need to have. If you want to build that property portfolio, you have to increase your income. End of story. End of story. "Oh, what do you mean by that, Jason?" Well, sometimes all of us are sitting in jobs that number one, let's talk about this, number one, you're sitting in a job you don't like, it's easy, it's not that hard, but it doesn't earn you that much money, okay? You know, it's not a career, you don't really care about the job. It's not something that you love doing. Well here's my conversation with you gang, come in bit closer, 'cause this is for real. It's time to get your arse into gear and get a decent job that pays you decent money, more money than you're making right now, and go and find somewhere that you'd like to be instead of just coasting life in a comfort zone, all right? You need to get out of your comfort zone, income comfort zone, and you need to get into a zone where you're earning decent money, all right? Now, just because you finish high school or university doesn't mean you stop learning. There are people in your industry earning more than you. Double, triple, I know there's every single industry in the whole of Australia where you are right now, I would say 95% certainty, you are earning less than the best people in your industry. Yeah, it's hard for you in the world of the military, Alison, 'cause you've got to sort of stand in line, right, to get there. But look at you, you're starting a degree as well and I love that, okay? You're never stuck. There's no such thing, it's bullshit, gang. It's bullshit. You increase your income, 20, 30, $40,000, right? By getting a promotion, you know, Alison studying after-hours, getting a degree, so she could increase her income. Gang, like now's the time. Now's the time. I'm telling you right now, stop stuffing around in the comfort zone, right? "Oh, you know, I'm a bit scared." Well you know what? It's going to be worse when you're 50 or 60 and you didn't do it when you were younger and even if you are 50 or 60, it's certainly not over when it comes to this stuff. Get your finger out of your butt and get going, all right? Get your thumb out. Because life goes by, the big wheel keeps on turning, whether you're in there or not. And I'm telling you right now, those who get up each day and go, "yep, I'm going to fix this. I'm going to go for it." Get up an hour each day, show up to work an hour early, every single day for the rest of the year. Go and do that. Go do one more hour, get noticed by the boss, ask for the pay rise, push for the pay rise. Go for it, all right? Study after hours, do one hour every day of study, like Allison's doing, right? Look for that extra job. Look for the look for those employers who are paying 50 grand more for that person for your role somewhere else and go and ask why, okay? Because gang, there is more money in the marketplace than ever before. Like, there's zero return for cash. Businesses, industries are looking for the best people who want to get up and go for it every day. And you guys who want to be property investors, you're not slackers, right? Like you guys are going for it, you're pushing for it. You know, many of you guys are in the top 1% of Australians who own real estate. It's not like you've never pushed yourself before, but this one's the important one. You have to increase your income. The faster you increase your income, the better off you're going to be for borrowing, the quicker you get your acquisitions done, like the purchasing done, right, the quicker more properties you get to purchase, the better your wealth becomes into the future, which is important. So and Melinda's into it as well. Good work, Melinda! Well done. Right? Gang, don't miss this one. Your deposits are important. You can only save so much. You can only reduce your expenses so much. Your income, by and large, is expediential, you can earn any amount of income into the future if you choose. Up-skill, increase your capacity, get you degree after hours. Wow, man, like you can literally study now online with a degree and you can get it without ever having to attend a university. Oh, a physical one anyway, all right? That's amazing! I love that stuff. Taif, uni, online courses, up-skill, it is never been easier to connect with the ability to increase your income. Up-skill, push for the promotion and if the promotion doesn't come, find somewhere else that will pay you better, more money. And like I said before, my client, Justin, he was working in the Gold Coast and then he got himself a job in the mines in Western Australia and now we're getting set for his next property, all right? So there you go. Hopefully today's conversation landed. You need deposits. Where are your deposits coming from? You need two to three deposits in the market working for you. So you can rotate those deposits at least two or three times over the next 5 to 10 years, that will replenish and land for your deposits and income. Don't sit around complaining that your servicing is no good, all right? Don't come and complain to me or your coaches, right? Because I can tell you right now that is 100% your gig to fix. And if you're sitting there and you know that you could get better income, more income, you could be pushing yourself, you could be getting a degree, you could be earning more, then you need to do it. Get on with it gang. Time to crack on with this stuff because the world's not going to wait. The big wheel will keep on turning. And in 5, 10, 15 years, you'll wish you went back and did one our each day. Imagine that, one hour. One hour, every day, get up one hour earlier, put in one hour extra. When? Every day for the next year, two years, five years, the compounding effect of that, where would that put you? Where would that put you, gang? You know, I chatted to Tim Forester the other day. I don't know if anyone knows Tim Forester, he's worth about half a billion dollars and nice work, Brendan! And he said, well, you know, "I'll get up every day. And I work hard and long all day, because I love it, love it!" He said the money's, you know, and sure he's got plenty of coins, right? But at the end of the day gang, you know, go and find something you love to do or love what you're doing. Love what you're doing. Shay just put it in there, you know, there was one of our clients in Tasmania. She went and got extra work driving a bus. Driving a bus. Driving a bus. Had a great time chatting with people. I've got clients who drive Uber. Uber for a couple of hours on the weekends to make extra coin, to get that extra property. Gang, there's always something you can do. Right now, in this world, it's never been easier to get access to good education, good information, good opportunities. So hopefully my conversation landed today. A bit of encouragement. Crack on gang! 'Cause the world's not going to wait. And I'm so pumped about the next decade of property investing because interest rates are the lowest ever been. Ever, ever been. Servicing is tough. It's going to get better, but you need to increase the income and away you go. So Julie said, "I'm not sure about understanding the three deposits." Julie, what I'm saying is the first two to three properties that you have will require some capital, some investment. On average, depending on who you are, that'll be a 10% deposit plus 5% for your costs, okay? So that's about 75 to $80,000. Those three deposits in three different properties, once they're in that property, we want those properties to grow in value and return those deposits to us so we can go again, okay? So it's called recycling of the deposit. Hopefully that makes sense, Julie. If you need a bit more info, reach out to your coach. If you don't have a coach, you need one. Yeah, reach out if you need a coach, buddy. If you do have one, cool, give him a call, talk to your coaches have a little chat with him. All good. I think that's it. I think I might have had a little bit of rant today. Hopefully that was fine, gang. But yeah, listen, don't wake up in 5 or 10 years time and say, "okay, I could have done, I should have done better." It's time to do it. Every day it's time to do it. Wake up, make it happen. Alison said, "link it to your goals," which is awesome. Aw, thanks Mel. Okay, I'll check that. We launched, yeah. I chatted with Trevor Hendy and I don't know if anyone remembers Trevor Hendy and the podcast launched today, actually. Mel reminded me, thanks for that, I was off on a bit of a rant. I chatted with Trevor Hendy, six times IRONMAN champion, member of Order of Australia, Sporting Hall of Fame. What a cool dude. And it was a pretty cool conversation to sort of see, you know, he had fine fortune, the world at his feet, and it all blew up. Divorce, bankrupt, the lot. And then he made a comeback and amazing stuff now. So yeah, go have a listen to that one. That one's a really cool. Yeah, he's a champion all right, Mel. What a cool conversation I had with Trevor Hendy, so. Hey listen, if anyone's listening in, do us a favor, can you subscribe, leave us a comment, and download an episode? That gets me up the charts! Which is cool. All good. Oh, Julie, you want to invest in the Gold Coast, not a bad place. You've got to be careful where you invest in the Gold Coast, 'cause it is a bit of hit and miss. Give us a shout out if you want some help with that, buddy. Anyway, there you go. I think I've been on camera for a bit this morning. So hopefully everybody is well, it's been a great conversation. Looking forward to mentoring tonight. Everyone, mentoring is on tonight. We're talking about finance, which is why my rant this morning. And we're talking about actually off the plan tonight. How off the plan is going to be very useful in the next little bit about our strategy. You've got to get it right. It can be absolutely disastrous if you get it wrong, but it can be an absolute winner if you get it right. So we're talking through those strategies tonight at mentoring. That's why I've got my studio up there, all set up for tonight's mentoring. So make sure you join us tonight, gang. It's gotta be a Cracker. So download my podcast. I know Sam would have had his podcast launched today. Actually his launch is on Wednesday and join us tonight for mentoring, gang. Other than that, that's me, done and dusted. Another coffee and a chat. Hope you're all well. Have an awesome week. Join me again around about the same time tomorrow for another coffee and a chat. Stay well, stay awesome. And if you need some help, that's what we're here for. Reach out. All right, gang, take care. Have a great day. Bye-bye.
Oh. Good morning. Hopefully the audio is working. Well, I, get this gang. Well, morning gang? People just jumping on Good morning. Good morning. Jason here. A few of the team jumping on right now. So while everyone's just jumping on for the morning coffee and a chat, quick intro, Jason is my name. In property investing 20 years, coaching property investors across Australia and New Zealand over 18. And each morning. Morning Karen. Get together with whoever's available. Quick morning, live coffee, and a chat. Morning Alison. Just to talk through property investing and you know, the ideas of going the distance. Morning Julian good to see you. There's my brother, hi bro. So I get this question all the time. And today I wanna talk about the idea that there's a miss understanding or a misconception that being a property investor means that for the rest of your life, you decide you're gonna be a property investor for the rest of your life you're skimping and you're living on red beans and rice and you know, you'd never get to have any fun. And then, morning Philippa. You have to wait to have all the fun and all the good things like for 20 or 30 years. You have to go without now, go without now to have something later. And the reality is that's not true. That is, there could be anything further from the truth. And it just depends on what you're trying to achieve. I call it, I say red beans and rice because my wife and I, many years ago when we were basically living from paycheck to paycheck. Well, before I took money seriously, well, before I read a book called, "Rich Dad Poor Dad." And if anyone's never read that book, you should go read it. It inspired me. So, we were living budgeting a buffer. Absolutely Alison. We were living paycheck to paycheck and when we'd literally we'd run out of money for the week and we'd have a day or two left before we got paid. we'd have a tin of red beans and some rice, and you'd put a bit of a, coriander in with it. And that's what you'd have for literally a day. Breakfast lunch, and dinner. When you run out of money. But you know, we're a long way, a long, long way from those days. But I remember those days. And some people believe and think that... Hi Karen, how are you? You guys are traveling in the car also, make sure you don't crash. Some people believe that a property investing is about going without and I'm not gonna have any money. I'm not gonna have any fun. That's always going to be stressful and stuff like this. And the answer is no that doesn't have to be the case at all. Now, certainly I've seen property investors take on properties that are highly negative cashflow, not structured well, old properties that require maintenance, properties that require high touch. You know, you might take on a high cash cashflow property. You might take out a multi-room property. You think, Oh, it's gonna be better cause it's high cashflow and there's more problems. There's more challenges. And you know, for me as a property investor a long-term buy and hold property investor. There's a little bit of a sweet spot when it comes to owning the properties. And so for me, we wanna make sure and hopefully for you too, I don't wanna be being called all the time. I don't want maintenance. I don't want my agents calling me every five minutes. Okay. So for me, newer properties work in that sort of space. So, but it, how does it work? Here's what I sort of say to everyone. In the beginning in the, maybe let's say first one to five years, it is a bit of a focus on getting your deposits ready, getting your ability to purchase the acquisition strategy going. Okay? The acquisition strategy going. And it's a choice, it's a choice from you. It's a choice for you to take the resources any spare resources that you have which are spare cash over and above your buffer. And let's just quickly talk about buffer. As we think about, how we do this. Alison mentioned it before buffers, in my world I can, I coach my clients to make sure they have a minimum of $5,000 per property in their buffer for liquidity and safety reasons. So if you've got four properties that you need $20,000 for your property buffer sitting over there. And that's always just sitting there you don't go below that. And for me that gives you a bit of comfort factor for your properties to take care of themselves as we go along. Now, you should have a buffer in your personal life as well. I always say, you should have at least four months worth of personal cash buffer or sitting in your offset account for your personal world. So if your expenses for the month cost $3,000 times that by four, that's another $12,000 in liquid cash always. So I teach this concept called the zero line. Your zero line should not be, oh, I've got no money in the bank and don't worry. I'm gonna be safe cause I've got a credit card. That's an insane zero line. That is the wrong zero line. Your zero line should be as a property investor certainly, or anyone who's managing their and money. My minimum liquid cash balance sitting my offset account, or if you are listening in and you don't understand offset accounts you've got your money in a savings account which is actually called the losings account. All right, put it in the offset account. So the money in the offset account is $12,000. And the moment your balance drops below $12,000 that's below zero. You go into overdrive. You start saving, you're shopping, your shit up. You know, you stop spending, you get sorted. That's exactly what you have to happen, right? And your property buffers, five grand you've got four properties. You've got $20,000 in buffer in there. When it's below $20,000 then you make sure you get 20 grand back into your buffer. And buffer can be, gang, buffer can be redrawn equity from your properties. So let's have a look at that. But let's say you've got your two buffers organized and you've got some deposits working with your acquisition strategy. First one to five years sometimes is the most powerful time where we can get out acquisition done and it's powerful long-term okay. Powerful long-term. However does that mean that we have to live on red beans and rice forever and a day? The answer is no. When can we use some of the money? When can we use some of the resources to have some fun, with our property investment portfolio? You don't have to wait 20 years. You don't. Okay. So my advice or my encouragement is this, first thing's first. We've got to get our acquisition strategy going. We've got to get our momentum going. At least two deposits into properties that you're looking to cycle two to three deposits. Now that's gonna be anywhere from a 100 to a $150 of equity or cash in your properties as your deposits. And what we want those deposits to be doing is recycling and coming back out of those properties in let's say, two to five years and then going again. So you're not having to always save and scrimp for the next deposit. So once you've got a couple of deposits, two to three deposits in, then you can let them recycle and roll forward. You've got your personal buffer set aside. You've got your property buffer set aside, and any money above those amounts we can have fun with. So let's have a look at this. Let's say every year you're getting back 10, 15, $20,000 in tax money back. Now you can be putting that straight into your offset account. You can be making another extra payment on your mortgage if you want to. Morning James. Or what I do is I say anywhere between two and 5%, do the mathematics. Two and 5%, of your surplus tax money or your cashflow money out of your property portfolio for the year can be used towards fun. Sometimes you can get up to 10% if you want to of your net equity and your net cashflow back in your pocket. But usually, very usually between five and $10,000 a year. Once you've got three or four properties going, and if you're on a combined income between a couple anywhere from a 100 to $150,000, you're gonna get 15, $20,000 back in tax. You're gonna get some extra positive cashflow. You're gonna get a little bit of equity growth in your properties. And there is no problem. Zero problem at all, taking five or $10,000 a month. Hi Jeff, how are you, Mike? It is beautiful day in the Gold Coast. There is no problems at all taking five or $10,000 a year and having fun with it. Buying some toys, going on a holiday, fixing up the house at home, doing something special for yourself, whatever it is. And, hear me when I say this fun, gang. That money has to come from renewable sources. It's like renewable energy, right? The sun comes up every day. Don't miss the little secret in this. Don't spend your income money that you exchanged your time for. Your life for, okay. You go to work, you exchange your life. You exchange your time and you get some money. Nothing wrong with that. Okay. But don't then go and spend that money on things that de-value. Because once it goes there, it's not replenishable. It doesn't replenish. Instead of spending it directly once you earn it, you then take the money and put it into an asset. A property, shares, I don't mind. Put it into an asset. And that asset now earns, creates money and wealth. It creates capital growth. It creates tax deductions. It creates cashflow and the renewable, the renewable cash return from the asset, you can then go and spend and have fun with. Don't spend the non-renewable earnings which is your energy and your life for the money. It has to go one step further to an asset that asset earns cash, growth and tax deductions, gives it back to you and then you can go have fun with it. Everyone following along? Give me a thumbs up on the chat if you get what I mean, gang. All right. Don't spend your money directly from earning it. Give me a thumbs up or a love heart or something if you're following along, understanding what I mean. You can spend money that is created from your assets. Aah. Sweet ass. You can spend money created from your assets, because it's renewable, it's replenishable. It just keeps going. The, rent keeps going. The tax keeps going. The tax returns keep going. Long-term the capital growth keeps going. Do not consume non-renewable assets. which is your time and your effort. Put it into our investments as you go along. Well, hopefully everybody got the hang of that today, it was question... Hi Henry. There he is. All the way from Emerald in Rio. Hi Emerald. Hopefully that was a cool one today. A bit of a chat, a bit of a coffee and a chat. Hi Marie. Great to hear from you. a thumbs up. Yeah. Facebook's changed a few things on their apps and yeah, thanks. I couldn't see the chats the other day, but hey, listen gang. Hopefully that was a good one today. Join me again tomorrow for another coffee and a chat right about the same time and hi, listen. Anyone listening in. If you're interested in finding out a little bit more about what we do at positive coaching and mentoring and so on, tonight, we've got a bunch of Webinars on from my coaches all around Australia. There's four or five Webinars on tonight. If you wanna track one of those down and have a listen in, to listen to the strategy, the highest strategy that we do with coaching property investors across Australia and New Zealand, track us down in Facebook, under events or on our Website. Love to see you there. Love to help you out if you need some help. And if not, keep being awesome, keeping being amazing and keep joining me for a morning coffee and a chat and track down my podcasts. I actually chatted to a guy last week, Tim Forester. who's worth close to a billion dollars. Close to a billion dollars. Come on gang listen to that podcast. What is a billionaire, almost a billionaire say about wealth. The true meaning of wealth. It's a pretty cool one. So track us down, track us down on iTunes or anywhere else. You know, you can listen to those podcasts. Hope you get a bit out of it 'cause I certainly did chatting to, almost a billionaire and finding out about his attitude towards investing and a true meaning of wealth. You might be quite interested to hear that one. Anyway gang. You're awesome. Keep being awesome. Thanks for joining me and see you tomorrow. Right about the same time for another coffee and a chat.
Good morning, good morning. Morning, everybody, Jason here. Hopefully everyone's well, on this fine Thursday. Hey listen, Josh Frydenberg. It was Frydenberg, anyway, somebody important, came out and said, yup. Yup, we acknowledge that interest rates Interest rates will be low and you know, not rise for many, many, many years. Something that's pretty cool, as a property investor is having a low interest rate because your cashflow as a property investor becomes more reliable. Hey Warren, how are you mate? Morning Trina, low interest rates, more reliable cashflow, the safer you are as a property investor. When you invest, if you can, mourning Danielle, if you can understand, you know, your future costs because in, you know, the big risk about owning anything, owning, morning Naraj, owning asset is, you know, is there a risk in my future? And what risk is that? No, really the risk for most property investors is the one that we don't really control is, you know, will banks and other people put interest rates up and down. morning Justin, I look forward to catching up to you too, bro. So interest rates are not gonna go up. I'm gonna call minimum five years minimum, but a bit longer interest rates are gonna stay low, Australian bonds and American bonds at all time lows, interest rates are at all time lows, bond yields are all time lows, what is that mean to us, morning Nicole, morning Canal, what does that mean to us as property investors? But you know, not only property investors were putting, we're taking our money, we're putting it into the market and you know, what can we take from that? Well, listen, one thing that I do know, and I think my, my wonderful friend, Andy here, we, we sit and do one of wisdoms on a Friday. I think he's on this morning. You know, we talk about, well, you know, money has to find a place to go to work guys, like, you know, you think about this right now. There's trillions and trillions of dollars that were invested in things like cash, cash is a defensive asset. We're invested in things like government bonds, defensive asset, and now literally they are worthless. They are worthless. And let's say you're a medium you're, you know, you're an okay self-funded retiree right now with two or $3 million, 3 million bucks in the bank. And you know, you might be 70, a defensive asset cash. Oh, you know, not getting you much money. So listen guys, there's a silent, there is Silent boom going on. I don't know if Andy could probably mention right now that the Australian stock market is back up at a certain point. You know, went down a long way and then back up to where it was before, and then, you know, there's a lot of carry on malarkey with property right now, I don't know if any of you guys have attended auctions to the corner real estate agent or lined up and tried to buy a house of recent times. People are paying over, over what the asking price is less certainly in the places that we're in right now, in places in Melbourne and in places in Brisbane, there is a solid burn going on, I'm trying to buy and subdivision right now. Always trying to buy it just before covid hit, you know, the vendor, got a stay of execution from the bank that he didn't have to pay his mortgage for a while, and now, now the, the builder's boost he's put his price at 500 grand on me, alright, So he was willing to drop his price, and I was, I felt I had, I'd bought a bargain before COVID and now he's putting his prices up. Interest rates are gonna stay low, the marketplace is solidly riding along with good quality stuff, you know, where are you right now as a property investor? Are you sitting around waiting? I, you know,lot of people talking about are you wait till September, you wait till September, it'll all be pear-shaped then, rubbish. The government is not going to let that happen. they've already extended the $150,000 right off the small businesses, they haven't spent as much money as they budgeted for in the job keeper and job seeker, they've got plenty of, plenty of tricks up their sleeve, they going to soften the landing in every way, shape or form they can. And it's not like the GFC or anything like that, you know, where they said, well, you know, let's just let that play out in this way. There's going to be softening. But right now, what a lot of people aren't really grasping or aren't really thinking about is, is sure unemployment is high 7% at the moment, I think might be on its way to 10%. But guys, you know, flip that question around, flip, there's 90% of people still employed. And a lot of those people who are employed are in, you know, fairly solid jobs, I speak with them every day in our mentoring program, fairly solid businesses, fairly solid incomes and so on. So they're, those ones who had, who haven't had their incomes affected, are out there buying assets smartly with low interest rates, they've got solid jobs, so the banks will lend to them and you know, those who are fearful and unfortunately ignorant of the facts, of the marketplace are selling the assets for some of them, you know, maybe when they should be keeping them. And so morning Steve, you know, for me, low interest rates into the future, what's that gonna look like for you right now, getting a hold of your equity and building your portfolio has never been cheaper, never been less expensive, never been less risky as a property investor, right? The gap, the spread between an interest rate and the yield right now is in a capital city, the biggest I've ever seen in my life, 20 years of paying attention, in capital cities for property investing and the interest rate spread, you can get a 3% loan for an investment property, which is 90% interest only. And you can get a 5% rental yield at 2% positive cashflow spread, depending on whatever your costs are, your overheads, you know, your maintenance and your rights and whatever. Most people are needing a percent of full percent in their pocket and then still getting their tax back after tax more tax back, from a cashflow in a property. So I'm pretty pumped, interest rates are going to stay low. And my question to you guys, is what are you gonna do about it? at first time buyers Wow, Michael, I see you watching this morning again, first time buyers and the builder boost, you know, now I've done the math on those who could borrow at 95% and qualify for the LMI grant from the government they're putting between 15 and $20,000 of cash in their pocket after owning a home. And it's cheaper than their rent, so gang, let's say maybe a little bit woefully this morning, but I was just pontificating about the interest rates. They're gonna stay low, what are you gonna do about it? Because for me as a property investor, the risk has never been less and, you know, buy a good asset right now, locking a low interest rate. You're gonna be nice and solid for three to five years with decent cashflow, decent cashflow, better than what I'm saying in 20 years in my life. Anyway, that's it this morning, I think I've had my coffee or maybe not enough coffee. Hopefully everyone's well and fired up and maybe Donald tomorrow, we'll have another little chat. See what pops up on my radar during the day, but stay well. You know, if you wanna catch up with us, if anyone is watching here, haven't met me before coaching property investors, over 18 years investing in property 20. And listen, if you wanna find out a little bit more about us, we do webinars and coaching and stuff like that. So track us down on our Facebook page and maybe we can catch up some time, alright. Take care. Everyone, have a good morning, thanks Nicole. Thanks everybody, and have a good day. Alright, chat soon, bye, bye.
Good morning, morning all. Jason here. Up for a coffee and a chat this morning. Hopefully everyone's well. A but chilly in my neck of the woods, probably not as cold as down South as it's been for a little while, but anyway, got my Mr Happy on and a nice cup of coffee. It's coming to that time of the year, end of the financial year. And last night I had a good catch up with our property investment crew, our mentoring program. We talked about minimizing taxes. Hey, listen, it's not about how much you make, it's about how much you keep. And as a property investor, we're exposed to significant amount. Morning, Trina. A significant amount of taxes. And if you're smart, if you're smart, you can reduce them significantly. One of the major benefits to owning real estate is a thing called depreciation. So depreciation, for those who own property in their own names, I think most people should own property in their own names because it's very efficient. You can get your taxes down to single digits. So, imagine this. Imagine you're making 100, 150, $200,000. Imagine instead of paying 35, 40, 45 cents in the dollar, imagine paying 5 cents in the dollar for taxes. Would that be all right? What do you reckon about that? And that's the fantastic thing about owning real estate. Now, a lot of people get confused here. You get all these tinpot turkeys carrying on about oh, negative gearing and all this sort of stuff. Those idiots don't know what they're talking about. They don't know their rear from their arse hole. And at the end of the day, if they don't want their tax deductions, then give them to me, I'll have them. At the end of the day, here's the drill. A tax deduction, for you as a property investor, or you who own a property, is a very normal, natural perfectly legitimate thing. Claim the bloody things, you guys. And when you claim your taxes back weekly, fortnightly and monthly, it's called a PAYG variation. You can use that extra cashflow, it's real money in your pocket. Morning, Jase, how are you bud? Catherine, how are you guys? This is a bit of a repeat from last night. You can use that money for saving for deposits, paying off debt, all sorts of stuff. Now, a lot of people don't have spare cash flow because their life is finely tuned. What I always say is you've got wasted cashflow. Wasted cashflow you're giving to the ATO. Cashflow for most people is the money you're putting into super. If you're not taking care of it yourself. Wasting cashflow, in my world, is a principle and interest payment on your home loan in the acquisition stage. Right, in the acquisition stage, why pay your home off if you're trying to buy properties? That's not the point. Morning, Tim. So minimizing your taxes. The point is to keep more of that money, gang. And so what are the big four taxes, the big for taxes? PAYG, your everyday tax that you pay on earnings. Stamp duty. Stamp duty as property investor. Capital gains tax, as a property investor. And also, land tax, as a property investor. Now, for anyone listening in or anyone watching, there's a surefire way of never ever, ever to pay capital gains tax as a property investor. Anyone know what it is? Chuck it in the chat, if you're there . Anyone listening in, if you got a question, chuck it in the chat. Happy to have a bit of a yam this morning. But listen, the number one, surefire way of not to pay any capital gains tax as a property investor is don't bloody sell your properties. Why would you sell them if you bought them? I don't understand that sort of thing, but really, for some of us, we might have it in our strategy. I have coached people about selling and upgrading their properties. But the big four, your income taxes, your PAYG. Land tax. Stamp duty. Capital gains tax, how do we minimize it? Number one, PAYG, when you own a property, you can claim your taxes back, it's called depreciation. You don't have to have a negative cashflow, you don't have to lose cash to claim your taxes. Own brand new property gives you fantastic tax deductions and claim back weekly, fortnightly and monthly, guys. At the end of the day, if you've left money with the ATO, or let's say this, if you owe the ATO money, they're gonna charge you interest. And then, you leave your taxes with ATO all year and then you claim it back at the end of the year and they pay no interest? It's ludicrous, it's insane, all right. If you don't know what I'm talking about, shout out to us, we'll point you to the right direction. Come on to one of our property investment nights. So, PAYG taxes, claim your taxes back weekly, fortnightly, monthly in your pay pack, it's called PAYG variation. Now, how do you minimize stamp duty? Well, stamp duty, the cost of stamp duty is different in each state and anyone listening in last night, we talked about this in our mentoring last night. The lull of stamp duty in the country is in the ICT and you can claim the stamp duty and the ICT as a tax deduction first year. That's crazy, the politicians look after themselves, huh? So, different states have different stamp duty so think about that. The difference can be sort of five to $10,000 in different states. Also, if you purchase a house and land package, if you build a house, you only pay stamp duty on the land, not on the house. So that's another way of significantly saving on stamp duty. In some case, 50, 60% saving on the end value of the property. A brand new property, low stamp duty. I like that, we love building houses, we think they're great. Land tax, how do you minimize land tax? Number one, you buy in different states. Because there's a threshold in your name in each of the states, and if you buy three or four properties in different states, you'll end up with a zero land tax. But if you own them all in one state, you'll end up paying land tax, which is ludicrous, it's a lot of money out of your pocket, longterm. And as your values go up, get this, you buy now and then your values go up, you're like oh, I like Victoria. I live here, I'm gonna all buy in Victoria. Well, then, when you're gonna retire, Victoria is gonna take 20 to $30,000 of land tax out each year. It's dumb, okay. It's not smart, as a property investor, to buy everything in one area. There's many reasons why, the risk is too high. You should, at least, have three different states and at least two types of properties. Houses and apartments, I like. A good mix of both ends. But another way to minimize the land tax is to buy apartments, not houses. The land content is less in the future, often if you buy the right apartment, the rental will be more and the expenses will be less. Mm, yeah. That's popping in the oven there, isn't it? Isn't it property, isn't houses better, Jason? Well, depends what better means to you. Do you want more cashflow when you're retired. Who cares what your property's bloody worth, as long as it's producing cashflow. So, do you want more taxes because you own more land? Or do you want more income because you own better income-producing assets? You answer the question because I know what I like and in my future, I'm gonna have lots of assets with a lot of land content, but high income capability and the values will be still pretty good. So where did we get to? Land tax. We've done stamp duty, we've done PAYG. Capital gains tax, the last one, the big Kahuna. Listen, I don't think you should sell, but if you do sell, there's ways to minimize that obviously. Own a property more than 12 months and then you get a deduction, a 50% deduction of capital gains tax if you do sell. Owning your own home, place of residence, capital gains tax free. It's one of the only reasons I encourage people to own a PPR, Principal Private Residence. If you own , super, okay. In accumulation phase which is when you're not retired, capital gains tax is charged at 10% or tax is charged at 10%. And if in retirement, capital gains tax is zero. That's pretty good. Now there's some good reasons to make sure you've got enough assets in your super, that's for sure. And last, but not least, for business owners. Aren't there any business owners listening in today? If you own a property, if you buy a property for your business that you run your business from and you have owned your business for 15 years or more and you sell that property, you can include that property in the small business, capital gains tax concession, which is two million dollars. So, technically you can sell your property for two million bucks, capital gains tax free. Get that one, business owners, you should have that on your radar every day of the week. A lot of business owners make a mistake and accountants do this as well, where they go and buy the property in the super, for the business, which is great but then, you miss out on the capital gains tax free concession two million bucks external super. All right, so, I've got strategies around that which I think are smarter, but hey, listen. The end of the day, the idea game is to minimize your taxes, be smart about thinking into the future about what am I going to do and what is going to be the expenses, the cost of that, as a property investor, because it's about how much you keep, not about how much you make. Cause if you can keep more than anyone else, if you can be more efficient than anyone else, you're left with a compounding effect of wealth, cashflow, income, value in the future which will set you up very comfortably, very nicely for the life you wanna live. All right, that's about it this morning with chatting about taxes. There's so much more to chat about in that sort of stuff and all of you, I know there's a few of you guys in the mentoring program, so if you didn't come last night, if you didn't come last night, I recorded a whole hour and a half on this last night. Ladies and gents, if you're in the mentoring program, go to the positive mentor portal and you'll the recording from last night. It was a cracker. For those who are in mentoring, you should bloody join. It's fantastic . I'm a bit biased, but there you go. Anyway, thanks for tuning in, gang. Hopefully everyone's well, stay well. Have a great day and, listen, if you wanna catch up or lost track, stay on. Facebook, website, whatever. Come along to one of our events and listen in a little bit more. All right, hopefully everyone's well. Take care, thanks for dialing in, you guys. Hey, Kels, from up in Townsville. Michael, how are you, mate? All right, adios everybody, bye bye.
Good morning. Morning everyone. Morning, morning, Jason here. Hoping everyone had a good weekend. I certainly did, had a nice relaxing one. I hope you did too. Hey listen, today I want to talk about capital gains tax and capital gains tax is one of those taxes or calculations as a property investor that you know is the the big boogeyman. If you ever sell your property, you're always like, " well, how much capital gains tax am I going to pay?" Well, Here is four ways, four ways You can have zero, zero capital gains tax no capital gains tax as a property investor. And I was just thinking on the four of them maybe five. Well, there's one way you can never never pay capital gains tax and that's never sell, never, never, ever sell. But for those of us who are monopolized for those who I've asked who are at a point where we're either sometimes forced to sell or sometimes planning on selling, we need to be smart about that. We need to understand how we can minimize those taxes, maximize the gains for ourselves and our family and our future and our wealth. So yeah, four ways to have capital gains tax at a zero calculation for you as a property owner. Number one, everybody should know this one your home, your owner occupied property, owner occupied property is capital gains tax free. The house that you live in. I do know a fair few people who have an owner occupier upgrade strategy. I really liked the owner occupied upgrade strategy where you buy a nice house, a nice area and whatever, whatever budget you can afford at that point in time. And over the years often it's usually between three and four times you do an owner occupier upgrade from one style of property and area to another style of property in an area. Every six to 10 years is a good timeframe. If you want to be in that owner occupier upgrade, there's no cost to you from a tax point of view. If you buy and sell your owner occupied property. Now, if you do it in under 12 months and do it all the time the ATI will sort of think you, sniff that one out, but three times over 30 years upgrade fantastic capital gains tax free. You go from a property-owning a property in that, where let's say we started out right now. Let's use this as an example. Most people can't afford most people on, maybe a Julian income can afford 500[Inaudible] property. So you buy that at whatever level you're at. You stay there for five to 10 years. You might add some value. You might fix it up, I like people to do that. Once that property goes up in value, you can sell that property, take the profits. Your family might grow, your style might change. And then you upgrade to another property and you do that three times. Okay. So number one, owner occupied property. Number two capital gains tax free property is when you own a property with your super, okay, a self managed super quickly. And There's some tricks and ways to get that right You should talk to a financial planner about owning a property in your super save as appropriate for you. But if you do own a property in your super or any asset in your super, when you put that super fund into retirement phase, there's a accumulation phase. And there's a retirement phase. When it's in a retirement phase, you can sell a property inside a super fund capital gains tax free, zero tax which is pretty sweet. Another thing that's amazing about owning assets in a super fund, I'm a big fan of that. I think everyone as a property investor should build their assets inside and outside of super, in retirement your income that comes from your super so in the retirement phase is tax free as well. So no income tax and no capital gains tax under a threshold at this point of 1.6 million you put a couple together that's $3.2 million worth of assets owned for you. Capital gains tax free, income tax free. Absolutely crazy spot on place to own assets. So that's another place that you can own an asset capital gains tax free If you ever had to sell it. We work with a couple of very smart financial planners who do some very clever things when it comes to buying and selling real estate and beefing up and funding and growing your super at the appropriate time. If anyone ever wants to find out more about that, track us on and come and have a chat. We'll introduce you to the right people that we know who like real estate and are great financial planners. Now, number three, number three, the third place you can have a capital gains tax free property as an investor or a property owner is a little bit of a trick one but this is for all the business owners listening in, all the business owners listening in again, you can own a property that you run your business from, and that property, if you qualify for the small business capital gains tax concession of 2 million, there's a few little qualification questions you have to have been in business for over 15 years and so on. But the property that you own and run your business from can be a capital gains tax free, If it's deemed the asset of the business because you have a $2 million threshold to sell the business and that $2 million is capital gains tax free. Why is it $2 million capital gains tax free for business owners? Well, by large, small to medium business owners that have businesses less valued less than $2 million, You guys, we guys, all of us, a very average if not terrible at contributing to your super when you pay yourself and the government has said well, listen, I know you won't, you don't pay yourself very much into your super if any here have cyl a tax free style asset into the future. If you sell your business, which includes the property the real property that you run your business from, then that can be capital gains tax free up to $2 million bucks. So that's fantastic. So three places, capital gains tax free ownership, your name in a super and a business that owns a property that they run from. What's the fourth one. It's a bit of a trick one, I aside this one all the time, but it is an actual fact, it is for real. If you are a politician, if you're a politician and you have to go to Canberra and whatever, then you can have two, that's right two capita gains Tax-free principal, places of residence. How's that? Alright. The polys they look after themselves, don't they? they all campaign for us to have, get rid of negative gearing and all this rubbish but now they're going to have two capital gains tax free properties for themselves. Yeah. What a bunch of lunatics. Anyway, there you go. That's a trick one. So three real ones. And the fourth one if you want to go to become a politician, but I don't think that that would be one of the ones that are choose to go and do. A couple little tricks in their , not tricks facts. If you move out of your own home and rent it out, you have got six years, gang, six years. If you move out of a printer place of residence, rent it out, go rent somewhere else. For whatever reason you might travel overseas you might, you might move into state for two or three years. For some reason you might just move around the corner for a few years for some reason, and rent capital gains tax free. That property stays capital gains tax free for six years, six years And that, which is awesome. So you can move back in it starts again, or you can sell that property capital gains tax free six years later which is, which is excellent. So keep it on that one. That was an excellent little concept. And the other one is if you do move out of that property, move by and move into another Prince place of residence. There's a two year rollover gap between that one and the other one. So for selling the Prince place residence. So hopefully that'S useful gang, as property investors We want to make sure that we end up keeping the money we create. That's important obviously. And the more you keep the more wealth you create for your future and taxes are one of those things if you structure yourself well, you manage it properly, then you can keep more than others who aren't structuring themselves well. And that often makes all the difference into the future for what tax minimization. Another little, one little bit of a tidbit a Canberra,[Inaudible] just that they would get rid of stamp duty fell under $500,000 properties and which is brilliant for both first home buyers and investors, which is fantastic. There's not that many $500,000 properties around in Canberra, but anyway, there you go okay, is going to stimulate their property market. And also you can get a discount between 500 and, and a $750,000 pretty well a 50% discount on the stamp duty. So that's interesting that popped out. Anyway hopefully it runs well. And if some of those concepts are settling with you and you go, well, I want to find out more track us down. Listen at one of our webinars, you can jump on our Facebook page, send us a message, whatever it is happy to chat to you guys at any time. All right. Hopefully everyone is well thanks for darling in of coffee and a chat. And see you tomorrow about the same time for another coffee and another chat, take care, stay well and buff it out. Cheers gang.
Good morning gang. Good morning, Monday, fresh start to the week. Monday morning, it is a little bit chilly here today, John, if you're listening in maybe not as chilly as Melbourne, but a bit cold, but good morning, everybody. Welcome to the week. A quick question for you today. How many properties do you need, how many properties do you need to retire on or create the passive income that you want as a property investor? How many properties do you need to create that income that's gonna get you what you want some point in the future. I've said this a few times before, morning trainer, you know, and I think I've talked about it last week, the three stages of property investing, acquisitions, the buying, the consolidation, the keeping, the fixing, the maintaining, and then the lifestyle, the transition into, you know, whatever that might be for you. Might be for you from a passive income or cashflow, whatever it might be, how many properties do you need? How do you go about calculating that? It's quite a simple process from a big picture, point of view, you add up the rents, the rent, and then you take a look at how much passive income that you want into the future and, you know, add them together. And that might be three properties, it might be four properties, it might be five properties. The challenge is for most of us, it is debt-free property, debt-free property, morning to your trainer. Debt-free property that you want. So then remember the first stage is acquisition. Okay, if I need five properties to generate $125,000 worth of income, rental income, then that's what I go about doing. I go about acquiring and purchasing those five properties. Now, remembering when we have our investment properties over time, those rents will go up over the next 10, 15 years, those rents will go up. Now, a lot of people think that they will double and by large statistically, the rents will not double. The values often double, the rent do not double. So they go up another 50%, half, okay. Morning Alex, morning Patrick. So by large, the stats show. So if you buy something and it's renting for 500 bucks a week now, in 10 years time, it should be renting for 750 to 800 bucks a week rent. That's usually what the stats show. Now there is an anomaly in this, and this is where we come under a little bit of scrutiny often where I recommend lots of apartments for your cashflow in the future, rather than houses, because houses' rent grow slower than apartments' do closer to the CBD. You can go check these stats out yourself, a property, one to two K from the CBD where there's employment, there's cafes, there's restaurants, those rents have statically grown stronger than houses in the past. Give you an example, in Sydney, we had our clients buy properties in a place called Ropes Crossing $200,000 houses just after the GFC, which were renting for 600 bucks a week. Very strong, very nice. And one bedroom apartment in Sydney, in Redfern, $600,000 apartment, a few years after the GFC. And which one do you reckon today? Rents for $1,200 a week. I've already given you the answer, I've given away the answer, but it's certainly not the house in Ropes Crossing. The house in Ropes Crossing is just worth under a million bucks. The same with apartment we had the value, not so long ago, just under a million bucks as well, but the apartment, one bedroom rent for 1,200 bucks a week compared to the house only rent for 850 at Ropes Crossing. So for me, if you're looking, how many properties do I need in the future? The question becomes which properties, what type of properties? Because houses will have less net cash flow, than apartments, which area, location, infrastructure do you want them in? And so how much debt-free do you want those properties as well? Because here's the drill, right? But most of us, we're not gonna pay them off a hundred percent until very late in life if ever. I'm not, I don't believe that you should pay completely debt reduced the properties a hundred percent. I reckon about a 40-50% LVR is about the right number. Whenever I've done my mathematics and done the analysis on our cashflow tools are 50% LVR and your rent's going up 50%. Boom, there you are. You've got your positive cashflow like there's no tomorrow. So guys just wanted to sort of touch base and would you have to think about that. If you want to work out the cash flows, we've got a little free calculator, free cashflow calculator hit us up, hit me up in the chat below. Say yeah, Jace or something like that. And I'll send you out the, I'll get you the link to the cashflow calculator. How many properties do you need? Add up the rents, go about purchasing those. That's the first stage. Don't worry about debt reduction yet. Don't worry about the positive cashflow of those properties yet. None of that rubbish because you can't confuse the acquisitions, the buying with the owning, okay? Because they're two different behaviors. They're two different economic outcomes at this point in time. And so buy the properties you want, and then later on, we can decide to debt reduce or add value to increase the rent, okay? And this is so you can renovate the rent goes up or you can debt reduce the rent goes down and then the net result becomes your positive cash flow in your pocket as you go. Now, I always say to people, listen, if you've got a good super contribution strategy, if you're smart with your super, if you're contributing to your super then in a good way, okay. Jace, no worries, Peter, if you're contributing to your super over, you know, 30, 40 years of work, and you're smart about what you buy, your super should take care of at least two days of your 2-3 income that you want in your future. And I say your property investments will take care of the other two to three days of your property in cashflow for your retirement in the future. What we do say to people, if they wanna retire early, if they wanna start darling back is I aim to buy back for your own sanity, buy back a Monday or a Friday gang. It's pretty amazing if you have a three day week, a three day weekend, or a four day weekend, how much more energy and interest in life, you have going the distance working an extra, you know, three days a week or whatever it is. But anyway, a few people shout it out for the calculator. So that's no problem I'll get that out to you. Jason and Neil asked, do you report on advice on towns? If so, how much? Jason we have a membership. It's called a lifetime mentoring program mate. We've got coaches all around Australia. Maybe we've got a couple of webinars on this week mate. So if you want to check those out, you can chat to one of the coaches and work out what program might be right for your brother. So may track us down pretty easy to find us on the Facebook page. You'll see events wherever you are, wherever you live. Just jump on one of those, might have a listening to the coach. They'll be able to tell you all about what we get up to, how we coach and help property investors all around Australia and New Zealand. So sweet mate. So again, yeah, how many properties do you need? It's not as many as you think. And for me, you gotta be smart about that. There are a few properties out there that are interesting when it comes to high cashflow and listen, the right one, the right high cash flow property, it'll be fine, but they do carry a bit more risks. So you really got to analyze what that means, you know, now and into the future. And now I'm going, hopefully everyone's well, great to see everyone on this morning and thanks for all your comments. I'll get one of the team to hit you with a link and you can go download the free calculator and hit us up with any questions. If you've got, if you wanna know a little bit more. Alright, gang, take care. Hopefully everyone's well, stay safe and alright until tomorrow, by then chat then. Bye bye.
Hello. Good morning everyone. Welcome to another coffee and a chat. There we go there, how's that? Hi, good morning. Jason Whitton here for another coffee and a chat. Welcome, do the quick intros while the Facebook Live is warming up. As I said, Jason Whitton is my name. Each morning jump on quick Facebook Live around about eight o'clock with the gang, the crew and we talk about property investing, all things around the world of property, market places, etc. Been investing 20 years myself, coaching property investors across Australia and New Zealand over 18. So I'll share a bit of experience, ideas, strategies, tactics, about property investing and making sure we go the distance in this gig. Because it is a marathon, not a sprint. So for those who are joining us for the first time, welcome. For those who are coming back. Good morning, Margaret. Good morning, everyone. Who's jumped on this morning for a quick Facebook Live. There's Christopher. Yeah, the borders are open again you beauty Morning evade. Yeah, it's good to see the ability for everyone to travel and get their spirits back. It's great to see the world of people's ability to get out and about and take care of themselves. Re-energize which is awesome and travel at least into state for the moment, I did see that some international flights are going to resume on this December the seventh in Melbourne. So I'll be interested to see what happens there. So morning, Alan. So great to see everyone jumping on. Listen, today I wanted to talk about the idea of how do you measure? Cause there's a number of ways that investors measure their success in a real estate world or in any investment. They call it yield, call it growth, call it cash on cash return, call it return of cash, which way do you measure the investment ? To say oh well, am I on track? What am I doing? How are we progressing? Am I succeeding? Am I not? So it's an interesting question. Because the answer is, it depends. It's, there's never one direct answer. But let me talk you through a few things today. A few things that I always sort of say to people to keep an eye on. When we talk about yield. Okay, so that the return, the value of that property or stock is producing in a rental income. Now, rental income and yield. That's a very simple, easy calculation to do. You do the annual rent divide it by the value and you end up with a percentage. Now, as property investors were aiming at 5% or more of the rental yield from at a purchase. And worst case scenario, maybe 4 1/2% maybe for a property in a better location. Okay, so 4 1/2% to 5% minimum and upward from their rental yield, which means the return based on the value of the purchase price is that percentage. Now, as the property grows in value, let's say you purchased it for 500,000. And now it grows to 700,000. What is your yield then? And this is an interesting conversation. Good morning, Alison. Is my property keeping up? Is the rent keeping up dollar for dollar? Is it producing the income? And the statistics show over a 10 to 12 year period in Australia. Property prices in strong areas often go up between 50 and 100%. And that's over a sort of a 12 to 15 year period, the latest two cycles have been and the rents don't keep up with doubling they go up 50% are buy and large. So you can expect the rental yield to decouple detached from the value of the property as it travels along. Okay, that's very normal. That's to be expected. Because the values especially in residential property, are not linked to the or the rents are not linked to the values in commercial or retail property or industrial property. The values and the rents or the income that you can generate from that property are intrinsically linked. So if you can put the rents up means often the value will go up on your property in residential, industrial, commercial, that sort of thing. So not residential, sorry, retail. Now residential property, you buy a property for 500, it goes to 700. Now your rent might be 650 and so on and it starts to drop away. Is that a bad thing? The answer is no. How I measure this is my return on my cash or the return of my cash. Let me. Good morning Ingrid. Got me to sort of explain this one as we go. So return on capital, return on cash. Some people like to do that, well, if I put $100,000 in to my property, I put $100,000 in. So let's do this. It's easy to do it on a whiteboard. But maybe I'll do that next time. If I bought a $500,000 property, and it's renting for $25,000. That's a 5% return. That's a 5% income. Now, that's not my total return. Because if I added in my capital growth, and I added in my tax deductions, cause I like to add in those tax deductions, a lot of people say oh, you don't have them, it's like this rubbish. It's real cash flow. And for us is probably this is we're not selling them. So you can add it in to your return as far as I'm concerned. So that's my total return, you can add up your yield, you can add up your growth, and you can add up your tax back, your tax cash flow back, and you can keep them separate, but your total return might be 5% yield 3% growth and 1% back, okay. Returning your cash, it's the job done. You did right, Allison. So for me, as we go forward, the most important conversation for me as a property investor, is if I put $100,000 into that property, how fast does that property return my cash? Okay. So if I put five $100,000 into a $500,000 property, and let's say, four years later it's gone up $100,000 dollars. I can release the equity, I can take that 100,000 dollars back out, and I can put it back where I got it from. Often it's from our homes. So you take the 100,000 dollars out, you plunk it in back in your own home. And now you have a property that owes us zero. There is no money in that property whatsoever. It has done its job, it's returned all of its capital. It's returned it back to you as the investor. And now that is stand-alone, zero funding from anywhere else. And from that point onwards, that property is now what I term giving you an infinity return. Because you've got no money in the deal. There's no money in the deal. So your return is at endless. So there's nothing that you have to put in and especially if that property is cashflow positive, and the rates have gone up and so on, then you're all you're making great headway. Okay. So the way I like to look at it is how fast does the property return my cash? And once it's done that, then I'm very happy with the property. Now if it takes forever to return my cash? That is when sometimes I might maybe this is a bit of a dog this one, and maybe I can move it on. Okay. And I've had to do that a few times in my portfolio just because I've bought some rubbish properties, and all of us every now and then end up with a property. Sometimes without the right due diligence, sometimes we bought it and something didn't go right, whatever. And sometimes, we just need to move on from those. But our aim, especially in mentoring is not to end up with rubbish properties is to end up with good ones right from the start because we do more work at the front rather than having to clean it up at the back. But I was a bit mad at the front. So but that was many years ago. So listen, that's how I like to measure my returns. And as we go, one thing that of a lot of financial planners like to do, they like to quote returns, like they say, what's my yield on on my investment? Okay and I'll go, Oh, well, my yield on my investment was 12% okay or 15% way better than property. And it's actually not accurate. It's actually not true what they're saying, because it's not a yield. And the yield is an income generated from owning and holding an asset. Okay, that's the yield. That's the way I define it. You own a property its yield is what it produces in income when you continue to own it. Now, a lot of financial planners a lot of people in the share market like to quote, high-yield based on the activity of selling shares, not just the dividends. The sale of the shares and so oh my yield, my yield was 12%. Okay. Now that is not an investment process that is a trading process that is buying and selling. Okay. And we've talked about this before. Buy own forever. That is investing, as far as I'm concerned when it comes to real estate. If you are going to trade, buy and sell, perfectly fine. Don't call it investing, passive income investing, it is trading investment. It is a business when you buy and sell stock, that is a business that is not passively investing. Okay, again. Anyway, that's my little soapbox moment this morning, I thought it'd be a good chat to have about measuring and understanding how I'm succeeding. And listen, maybe your property doesn't return all the capital immediately. Maybe it returns 20%, maybe it turns 50% of it. And that's good too. As long as when you're measuring the success of the deal. If you've got 100% of your capital back and that property takes a little bit of time to get going, then who cares? It doesn't owe you anything. Okay. And that's the way I like to measure how I'm doing. And like Ingrid said, it's always a long term vision, which is spot on Ingrid. So, yep. Let's do this thing. And I like that Alison. The only thing that you tried to stir from the shop sell it for more than you paid. I love that stuff gang. It is it absolutely awesome. Some side hustles I've done that with my kids. We've got side hustles going on selling fidget spinners and two meter iPhone cables and all sorts of stuff. It's lots of fun. And these days, it's easier than ever to make a little bit of cash on the side and have a bit of fun while you're doing it. Anyway, hope you're all awesome. And well, Terrific Tuesday it is. Have a great day. Hey listen, jump on and have a listen to my most recent podcast from John Wood. One of my all time heroes, he's an absolute legend. I love him. And yeah, it's a good one. Well I enjoyed it anyway hope you guys do. The Well faculty, John Wood Founder of Room to Read charity, which is so cool. And I love that guy. And yeah, give us a thumbs up and leave us a comment if you like it. Give us a rating on iTunes it helps us scale up the charts a bit so, all good, all right gang. That's it. I'm done and dusted coffee in a chat over and out. See you tomorrow at eight o'clock for another coffee and chat Adios. Take care gang. Bye bye.
Hopefully the audio is coming through. Good morning team, good morning gang. See how we're going here. While all your all Facebook Live is warming up. Did a quick intro, morning everybody. Jason Whitton here. Morning Allison, this one's for you today. Yes, Happy Friyay, Friyay indeed. Love a good Friday. It's a fun day. Hang out with the kids tonight. It's pizza night tonight at my house. Pizza and a movie night. Hey, quick intro is Jason Whitton's my name for those who are joining, morning Megan, for the first time, welcome along. Those coming back, welcome back. Been property investing 20 years, coaching property investors across Australia and New Zealand. I have the right team. Actually, it was interesting. Just pull some figures the other day about how many property deals we've helped people do. In our system, it shows that we've helped people purchase 10,137 properties over 18 years. I'll say that again. 10,137 properties over 18 years. Pretty bloody cool. Pretty bloody cool. So yeah, that's pretty sweet. I love that. So anyway, again, good morning. Morning Philippa, morning Nicole, Alex. Great to see all you guys here. So today I was going to do a little bit of coffee and a chat about furniture. Allison asked yesterday is it worth putting furniture in a property, and positives and negatives to that? So let's talk it through, furniture packs. Listen, I'm a big fan of furniture packages because for me in the past they have been, I have been able to rent my properties for another, it's often between 15 and 30% more, depending on the time length that you rent those properties for. Let me sort of explain better. So a good furniture package, not a rubbish furniture package, is pretty, pretty important. You need to make sure you speak to your property manager if you're going to put a furniture pack in any property. And they number one, the property manager needs to be experienced in letting furnished properties. And number two, you need to ask that property manager, what would you furnish? All right, don't go over the top. Don't under furnish, don't over furnish. Have a chat to a property manager about the furniture that you need to put in there. And often, it's the big pieces of furniture that you need to put in there. Fridges, dryers, washing machines, microwaves, beds, et cetera, et cetera because there is a little bit of a trend with the sort of the 20s to 30-somethings of they like to be very mobile, and they like to try out lots of different places and areas for living. So their lifestyle, they like to try them out. And so if they only have to come with some suitcases, like they're moving into a university dorm, and they're sharing with friends, making that easier, is actually quite rewarding for you as a property investor. So the answer is yes, I love furniture packs. I love furniture packs in the right location, in the right property. Now for me, I've found the right location and the right property have been properties close to the CBD, properties close to where multiple people will want to share that apartment together, two or three people together sharing a property because those people they don't take usually move around with lots of furniture in tow. The location of that property that has been very successful in furnishing. I've got some fantastic properties in Brisbane and Melbourne furnished, renting off their chops. But they're close to the city. They appeal to young mobile, white collar workers let's say, or students who are studying or a combination or whatever it is. Very good, I love them. It's fantastic. And like I said, anywhere between 15 to 30% increase in your income. And another advantage of a furniture pack is that you get to write off the value of the furniture literally within two years, like depreciation is massive. It's fantastic, and I love it. I've even in the past, don't tell anyone this, statute of limitations has passed, I think. Even in the past I have gotten furniture off the side of the road, I don't know does anyone live in Sydney? And their throw out days? The throw out days are amazing in Sydney. I used to drive around, I used to live in a suburb called Wahroonga in Sydney, and Wahroonga is a very flat place. And I used to drive around Wahroonga in my old car. And I used to pick up furniture that was amazing that people were throwing out from their mansions, and I would grab the furniture. My wife was so embarrassed. She was like so embarrassed, she'd hide in the car. She wouldn't come driving with me. And I grabbed the furniture, and then I would go and put it in my investment properties and I'd depreciate it. So I'd get free furniture then I'd get tax deductions. How's that? Crazy. So gang, listen. Throw out days are so good. I take my kids dumpster diving and throw out days still to this day and just teach them about recycling. We actually built, our family, just built a whole, we've got a little farm down south, 100 acres. And we built our whole little cabin down there out of fully recycled scavenged materials. And it was awesome. It reminded me of my childhood days when I used to live in a small town, there was no hardware store, no nothing. And you used to have to, the only way you can have stuff to fix things that broke was to go to the rubbish dump. This is a true story, this is not bullshit. We had to go to the rubbish dump and find old stuff, and get the old stuff, and either cut it apart or re-weld it together, or old thrown out stuff from other people, we would grab, and then we would fix broken things because we didn't have a hardware store. The closest hardware store was two hours away. And we only went to town once every fortnight. So there you go. Anyway, I think I've gone off track. This was meant to be about furniture. So I'm a big fan of furnishing properties in the right location. Big fan. Let's talk about the downside of furnishing. The downside of furnishing is this, number one, yeah exactly, Nicole, with the bikes. The downside of furnishing is this, number one. It's going to cost you cash money from somewhere. You can't include it in the price of the property. You can't borrow it. You can take it out of your equity, out of your home, or something you redraw, but it's probably going to cost you between 15 and $25,000 to furnish something very nicely. So don't skimp on it. So it is going to cost you money and you can't borrow that money technically, as part of the purchase price of the property. Number two, it does take, I wouldn't call it a specialist specialist, but it does take an experienced property manager to let that type of property. So not every property manager is capable of letting a furnished property. It's just not their skillset or not their experience. So make sure you get the right agent who understands, who they're letting those properties to, and how to get them let. That's important because often if you make it difficult for an agent, your property won't rent, or you won't get the highest income for it. And you're like, why, what happened? Because one of the agent around the corner, et cetera, et cetera. So there you go. And number three, probably the one that is kind of the downside, which is annoying, what happens when you can't furnish it, and then you want to turn it back to long term unfurnished rental? Well, you've either got to sell the furniture or you got to store it somewhere. And then you kind of, then it's kind of counterproductive. You go and store it somewhere for 15, 20, 50 bucks a month and now it starts to eat into your cashflow. So there's some upside. I love the upside. I don't have any issues with storage if I need to because I can just chuck it at my farm, but a lot of people don't have that choice. We're storing stuff for a furnished property. Absolutely, Allison, chat to the Aria team about letting a furnished apartment. Now often, a three to six month letting cycle for a furnished apartment gives you that optimal high cashflow. So six month kind of gives people the chance to get in and get out. So but you've got to make sure that that works for you as a property owner. So I sort of try and aim between the six and 12 month. I had a long term tenant up in one of my Brisbane ones. It was a doctor, they were on to the hospital and it was a nice one bedder furnished apartment, they loved it. And they just did it a full 12 month lease fully furnished, which was awesome. So you never know. They can be a little bit lumpy for letting, so they can be vacant for a little bit longer. So just to understand that, gang, as we go. Yeah, Brahman, I reckon. I reckon you'd be in for a good improvement in your rent in the Windsor, for sure. So reach out to the Richardson ranch team in Brizzy, and talk to them about it, Brahman, because it's close to the hospital, that's like the biggest hospital in Brisbane. And professionals, nurses, doctors, all sorts of even, yeah even people staying at the hospital, et cetera, et cetera, with people who are sick, they need somewhere to stay as well sometimes. So and I'm not talking about Airbnb gang, I'm not talking about short term Airbnb letting, I'm talking about regular residential letting, but with furniture. Because I think that is kind of the sweet spot for those who don't like the sort of the up and down risk of something like Airbnb, and the high intensity of really short term letting, like two or three days at a time. So by and large, I'm a big fan of it, but don't underestimate the downside. It can be a bit annoying, be prepared for that as you go, and have a good chat to your property manager whether it's going to be right for you. So I think that made sense this morning, hope it did, gang. A good conversation. Carolyn, I would say Bellbird Park is too far out. It is a bit far away. Yeah and listen, Matt brings up a really good point there, he put a fridge, a washer, and a dryer in. Now sometimes it's not like the whole house, sometimes it's just a couple of bits. You bring up an excellent point, Matt. I used to do just put in a washing machine and a microwave oven, microwave, and charge an extra 10 bucks. So there you go, gang, and you get good depreciation. So great chat this morning. This is the nuance. Imagine earning an extra 20, $30 a week for your property. You get the depreciation 100% deductible all the way back, the whole thing, 100% deductible within two years. And away you go, yes. Roman, that is one of those little extra excellent ways of using your property for self-use, as well as getting some income going on then. Sam and I used to do that on one of our properties up in Brisbane. But then the body corporate said we couldn't do short term letting anymore, as in like three nights and four nights at a time. But yeah, that's a good one, absolutely, you can do that for sure. There you go. Anyway, gang, hopefully that makes sense. For all of those of you who are in mentoring, reach out to your coaches and have a bit of a chat about just talking through the strategy, making sure you do the numbers, and get it right. If you're not in mentoring, if you don't have a coach, well, you need one. And that's what we do. So if you need some coaching, you need some support, you need some help, then reach out. Send me a direct message here if you want. I'm happy to help you, happy to have a chat about what it might take to get some coaching, and really take your investing to the next level. A bit of a shout out, gang, for tonight, wine and wisdom is on tonight. We've renamed it, wealth, wine, and wisdom, just so you guys know we've added an extra w, rounded it out a bit. So join us again tonight, myself and Andy Fenton talking all things property and all things, stock market, the two behemoths collide, and we're debriefing the week. We meet every Friday, four o'clock Queensland time, five o'clock everywhere else. And I don't know about SA and WA, but you guys can work it out. Join us for wine and wisdom. We debrief the whole week, the marketplaces, and make sure we're all keeping an eye on things, and have a good chat and a bit of a yam. So all good, gang. That's it from me, coffee and a chat, done and dusted. Have an awesome weekend. And join me again on Monday next week for another coffee and a chat roundabout eight o'clock. All right, gang, hope you're all well. Have an awesome one. Join me tonight, four o'clock, five o'clock, wine and wisdom if you're there. All right, adios, bye.
Well, good morning, everybody. Welcome to another coffee and a chat. Jason here. Wandering up to the office this morning, so thought I'd quickly do the intros as I... Oh, look at this, I've got, I've got a couple of ducks in my pool. How cool is that? Anyway, what a wonderful morning. Morning, everybody. Morning Allen. Good to see you. Hey, welcome along to another coffee and a chat. I thought we'd just do a little bit of an outside chat today as we go along. I'm free-handing this. I'm free-handing my phone this morning, so we'll see how we're going. But hopefully everyone's well. Hopefully you can hear me. Morning, Belinda. Everything's doing okay, but hey listen, welcome along those who jumped on right now for the live. If you're joining for the first time, Jason Whitton's my name. Property investing 20 years. Coaching property investors across Australia and New Zealand for over 18 years. And each morning we get together, have a little coffee and a chat around about eight o'clock just quickly talk about the world of investing. The world in general, really sometimes, about keeping the momentum going as a property investor because this gig that we call property investing is a marathon, not a sprint. It's about going the distance as a property investor and making it happen. So this morning, I thought I'd talk about the concept compared to what. And I get this question all the time, "Do you think this is a good property? Ah, do you think I should buy this house? Do you think I should buy this land? Do you think I should buy this apartment? Do you think I should buy this... Is this property any good?" And that question in itself is impossible to answer because you're not giving me a compared to what. A compared to what and what do you want it to do. As a property investor, we're always analyzing and considering the things that we're purchasing. Why am I buying this one? Well, you should be anyway, if you're not. But a really good question to have on the tip of your mind, on the tip of your tongue, every time you're analyzing a property: compared to what? Compared to the average property, compared to another property in another city, compared to, compared to, compared to. And it gives you the opportunity to analyze and rationalize when you make decisions. Now, some of these questions I find all the time are things like this, okay? Oh, I got asked this one the other day. "Do think Bendigo in Victoria is a good place to invest? I can buy myself a nice brand new house out there for $489,000." And I'm like, "Well, compared to what? Compared to where?" And then we did a bit of analysis. We did an analysis, so compared to what? What are you getting out of that property? Well, you're getting a sub $500,000 brand new house, fine. The location, eh, it's regional. It's not necessarily strong. I don't think that I'd put my money there. And then you say, "Well, what are the rents? And what's the future growth possibilities? And what is the infrastructure possibilities of that location?" And then you compare it to, for example, I'll give it in a comparison that I used, compared to you can buy the same property, the same size, the same price, the same construction of that house, you can buy that in Brisbane, in part of Brisbane. So, Bendigo is a city of 150,000 people, Brisbane's a city of 1.6 million people. Ah, okay. Compared to what? It's a really powerful question, gang, compared to what? So, you'd buy a property in Bendigo or you buy a property in Brisbane? And the comparison, 150,000 people, 1.6 million people. All right, well, now I'm listening. Infrastructure. The Brisbane City has over $6 billion worth of infrastructure projects planned and underway. So, massive amounts of infrastructure. Job growth and property growth. Income growth in that city, absolutely golden. Plenty of opportunity for incomes and values to increase in somewhere like Brisbane. And the population will blow up and explode and be amazing, compared to Bendigo where when are they going to spend $6 billion in Bendigo? They're not, it's not going to happen. Sure it might be a nice regional town. It might be a great place to live personally, however, compared to, compared to what? Compared to Brisbane, nah, wouldn't do it. Let's do another compared to. Let's say compared to Melbourne or compared to Sydney. And then I said, "Well, you're going to Bendigo 'cause you want a house, well, let's compare this, let's compare the same price, $480,000. I can get you a one bedroom apartment five kilometers from the CBD in Melbourne. Let's compare that for the future." Melbourne is the most lived in city in any state, 75% of the population of Victoria live in Melbourne, which is pretty cool. Incomes other than the Corona issues just recently the strongest economy in Australia. And it will be the strongest economy in Australia again. On track to be the largest population, largest city in Australia. And the biggest infrastructure projects ever in Australia's history being launched and were launched prior to COVID in Melbourne. So, compared to what? Compared to a one bedroom apartment. For proximity and location, absolutely worlds apart. Now, this is where a lot of people get challenged. "Oh, a one bedroom apartment, doesn't go up in value." And that's true in comparison to houses, they don't grow as much, but the rents grow significantly in one bedroom apartments. They can be furnished and you can really get a far higher rental deal out of them. Now, I'm not telling you to buy a one bedroom apartment. What I'm saying today in the coffee conversation, the coffee and a chat, is you've got to ask yourself this, compared to what? What is the outcome? What is the thing that I'm trying to get? Because capital growth, the obsession with capital growth, gang, I've said this numerous times, the obsession with capital growth is a vanity metric, it's vain, it makes you feel good. You don't bloody use it, all right? You can't use capital growth to live off. You can't take it out and pay the bills. And if you do, you're stupid, right? 'Cause that's not the point. You don't use your capital growth to live off. You use that capital growth to recycle your equity, to buy another deposit. All right, that's what you do. And the moment that property has given you back your money, if you put $80,000 into property and it grows enough in value to give you that $80,000 back, gang, once it's given you back your capital, you now have an infinity return. Let me say that again. An infinity return on that property, because the amount of money that you have in that property is zero, zero, zip, . None, nothing. It's fully 100% totally self-funded. And I don't care what property you own at that point, whether it's a one bedroom apartment or a four-bedroom house, who bloody cares? The property is completely self-sustainable. It has returned its capital to you, and now you own a property for nothing. And into the future, it will grow in value, you can use tax deductions, you can get income from it, okay? Concentrating on capital growth is vanity, and it will actually ruin your experience as a property investor. Now, it is important, don't get me wrong. Don't get me wrong, you want your properties to grow in value. You want your properties to give you your deposit back. But if you measure your success as a property investor by the capital growth of your portfolio you will be 99% of the time solely disappointed because capital growth is not a linear process. And some days it's good and some days it's not. Every single property in the whole entire of Australia has gone up in value at some point and gone down in value at some point. They have, right? Growth is not like it goes up and never goes back down. And if you ever bloody jump on Onthehouse or RP Data or whatever, and you try and check your property values like you check the stock market, it's bloody insane. So, a really good question as a property investor, gang, is compared to what? Compared to what and what am I trying to achieve, okay? At the end of the day, in my world it's about momentum and acquisition as fast as possible, okay? If you can purchase your properties in five to seven years, rather than seven to 10, then get on with it, crack on. And that, that for you as a property investor it's about momentum. There you go, that's the way Alison, that is exactly right. The property has given you back your capital. It's done its job. Now, stop treating it unfairly. Once the property has given you the capital back, then leave it alone and let it run. And if it doesn't give you your capital back, it's probably a piece of shit, ditch it, move on, all right? Like sometimes, listen I've bought some rubbish properties, and sometimes you just got to take that one on the chin and move on. These days, ... And to be honest, I did that when I was chasing things like cashflow was the only important thing and all that sort of stuff and it led me down some fool's gold paths. These days, I believe our coaching and our property acquisition and strategies are so robust in comparison to 15 years ago. So anyway, gang. So gang, hopefully that made sense this morning. Compared to what? And it's never been easier to compare across different markets, but the fundamentals are always true. Where is the strength of jobs? Where is the strength of incomes? Where is the strengths of infrastructure and future growth of that location? Because I certainly wouldn't encourage anyone to buy a substandard location that longterm is going to be quite weak, because really at the end of the day, we're going to live off our rents. Our rents are the things that we're going to live off and the cities are going to have more ability to produce higher rents and more consistent rent than other locations, okay? That's just the way it's going to be. That's just the way it's going to be. And ultimately, if you do want your properties to have some pretty consistent growth, then the right locations in the cities are going to be far more powerful than regional locations. And there's a few caveats like the Byrons and the Noosas and those sort of extensions of the cities, they're the cities' holiday locations, but they're a bit volatile as well. Probably overpriced to be honest. But yeah, let's stick with the straighty-180 stuff and build a good property portfolio. Anyway, gang, there it is, compared to what? Good question to ask. Hopefully, everyone is awesome and having a great day. Already off to a cracking start. Always start the day with a nice coffee and a chat, and I really enjoy having a yarn to you guys. So, great to have everyone on. If there's something you guys want to ask or you've got a question, chuck it in the chat and I'll have a bit of a look later on and I can maybe talk about that tomorrow with another coffee and a chat. Have an awesome day, enjoy the rest of it. The start of it, the best of it, whatever it might be and join me tomorrow for another coffee and a chat. Hey, listen, my podcast, my interview with Trevor Hendy dropped yesterday, which is pretty cool. So, crack onto that one, track it down. Give us a rating and a star and a whatever. So, love you guys to do that. And Sam, my business partner, Sam Saggers, the best property investor in the country. He is an absolute genius. His podcast drops on Wednesday, which is tomorrow. So track that one down, which is awesome as well, gang. So, both on iTunes. His is called The Urban Property Investor. Mine's called The Wealth Faculty. Love it if you give it a listen, give it a rating, give it a thumbs up, give it a comment, whatever it might be on the iTunes. All right, gang, have an awesome day. I'm off, I'm done and dusted, coffee and a chat done. You guys be awesome and join me tomorrow for another coffee and a chat. Adios.
Good morning everybody. Morning, morning. Jason here. Dropping by for another Coffee and a Chat while everything's warming up. I'll do the quick intros, hopefully everyone as well. So, Jason Witten's my name? Good morning for those who are joining for the first time. Welcome for those who are coming back. Welcome back. Always a few smiley, faces or comments on there from the regulars, so welcome gang. Just a quick one for the like, for those who are joining the first time. Being a property investor a 20 years, coaching property investors over 18 across Australia and New Zealand. Done a few property deals in my time. And each morning get together, with the crew. Morning Belinda. And share a few, ideas a few bits of wisdom, a few opinions, a few rants every now and then to keep this, dream alive. Property investing is a marathon, not a sprint, and you need to go the distance you need to, you know, stay the course, keep the pace as we go along. So morning, Justin, Morning, Shaquille everyone there. Great to see everyone jumping on. So listen, you know, one of the classic things or classic inefficiencies challenges, things we need to manage and understand as a property investor are property taxes. Taxes, taxes, taxes, taxes. It's one of the most taxed, pieces of asset classes in Australia, which is I think pretty terrible to be honest. But at the end of the day, we can't change that. It's the politicians and the States that make these decisions, classic conversation going on right now about the idea of stamp duty. I don't know if everyone remembers this. When GST came in, GST was to come in and then stamp duty was to phase out, it was to be gone. It's a hideous tax. Most of the world has, doesn't have stamp duty on, people's homes. It's disgusting as far as I'm concerned. And you know, the, government's kept it around. It really annoys me, but just, because it annoys me doesn't mean that you know, that I, just go and cry in the corner. We got to work this stuff out as property investors and we need to understand how to minimize tax, taxes and how to maximize our returns. Because you know, at the end of the day you've got to money and everyone else bloody wants it. The banks want it, the governments want it. You know, every other institution and, thing out there is looking for your cash and your job is to manage it well and put it in places where it's going to replicate and, you know support you in the future. So let's just talk about property taxes at this point in time, ones as a, property investor we are exposed to and ones we can manage, okay. Ones we can manage. So number one, the first tax money, Alison the first tax we're exposed to as property investors that we can manage is stamp duty. Okay? Stamp duty with your, property purchase adds a cost on top of the purchase of the property. Sometimes pretty significant. And I'll chuck it out there, gang. What's the number one way you can, have a 50% less stamp duty on a property purchase. How do you get 50% less stamp duty pay 50% less stamp duty on a property purchase right now I'm going to leave that one hanging out there. So someone might know the answer. So put it in the chat. So stamp duty is calculated it's a state-based tax and you go to different States, it's calculated whether you're an investor or an owner occupier. And, the reality is, you pay it to the States. There's a couple of people put the answer in there. Judy, you were almost there by new, but Shaquille nailed it. You buy a land and house package because you only pay stamp duty on the land. Ladies and gentlemen, listen up, you only pay stamp duty on the land. If you were to buy a $600,000 property in Queensland today, you would pay $25,000 on an existing property, existing property. Okay? However, if you went and bought a piece of land and built a brand new house on it to the tune of $600,000, you would only pay about $12,000 for the stamp duty ta-da? interesting stuff all right? And, as we go as property investors we need to be smart about keeping the money in our pockets keeping the money in our portfolio, not wasting it because somebody said, "I'll buy, an existing property cause that's the best way to do it." Rubbish. Right? Be smart, analyze why, is that the best way to do it? Because the people who are telling you that don't know how to do it any other way, right? So for me, gang, you have to be smart. We, aren't, you know, running around with a gazillion dollars of cash in our pocket we have to make every dollar count and one wastage, one inefficiency right up the front, first thing we do when we buy a property is stamp duty. Okay? Stamp duty. It's, a issue. We have to manage that expense and there are clever ways to do it. So we need to understand that one. Okay? It doesn't mean you buy every single house or property as a house and land. But what I'm saying is, if you are managing that sort of stuff then keep an eye on that as you go. And there you go Shaquille there's another way, I was going to ask that but you got right in there. How do you pay no, stamp duty out of your own pocket? Well, we at PRA use our, coaching bulk buying power and we make vendors pay the stamp duty. We make the seller pay the stamp duty. Yeah mate we'll buy that, but you pay the stamp. It's not our problem, it should be your problem. So, you know Shaquille got one of those deals, which is awesome. All right? So there you go again, you can, negotiate in and around that stuff, which is awesome, all right. Stamp duty, let's move on to the next one a few taxes that we're exposed to land tax as a property owner, land tax they're trying to sort of Jimmy the old bloody, you know stamp duty and then have every owner in the country paying land tax. I think it's a wrought but I won't get into that one today. But land taxes as investors, you've got to be aware of it. It might not show up now, but it will show up later. And that's why we diversify into different States, land taxes, a state-based tax it's an entity based tax and it's an owner based tax, all right? So, you know, diversify your locations which is actually good for your wealth and your security and also good for tax minimization, land tax minimization, gang okay? As we go, forward. Buy properties in different States? Absolutely, Judy, I'm a big fan gang, I'm a big fan, at least having three, three different state locations for your portfolio three, you don't have to go mad and buy one in every state, but at least three. And everyone listening in should, at least have either a Melbourne or a Sydney in their portfolio. You don't have to have both, but at least one of those behemoth cities our biggest cities. You've got to have a piece of one of them. Okay? You, will regret it if you don't in 20 years time, if you've got... if you can get both awesome, wonderful love it. But you know, Sydney is probably a little bit more expensive. Melbourne is still quite good buying in comparison these days. You've heard me talk about that before, Canberra? Absolutely love Canberra, Nicole, and yeah, there you go. If you're asking a question? Canberra stamp duty is taxed at October in the first year. The politicians look after themselves, don't they? There you go. All right you know, so, good understanding, of the inefficiencies taxes and, how you can manage your way through that, very nicely, basically at the end of the day gang if you're smart and you know more things than the regular Joe you end up with more properties in your pocket more cash in your pocket, than giving it away. Don't waste your money, right? Don't waste your money. The best money you will ever spend is on some education and understanding about the things you're going to invest in that best money. That's going to save you heaps, and then, you know applying that information obviously at the right time, is the, implementation concept. So we've got, stamp duty, we've got land tax. We need to manage and minimize those gang. You know, how do we do that? A few suggestions. And I'm sure there's many more, when you sit down with your coaches, they'll, be able to talk you through it. Now, a couple of taxes on the other, end of this stuff, capital gains tax. How do we minimize capital gains tax? How do we never ever, ever, ever pay capital gains tax gang? Let me hear you say it. You'd never sell ever crikey. Everyone carries on about capital gains tax. Well, don't sell is not the point. The point is not to sell your frigging properties. The point is to buy them and keep them. However, if you are going to sell anything, you got it Judy you nailed it. If you are going to sell something and that's part of your strategy, because you are buying or selling whatever. Then there's ways to minimize that obviously, owning a property for more than 12 months minimizes your land tax or your capital gains tax in your personal name. Don't buy properties in company names. If you're going to own them for a long time if you're going to buy and sell in a short period, it might work. I'm not going to get into that today cause not many of us are into that sort of developing process, but there's a couple of places you can have capital gains tax free properties. If you ever sell. Excuse me. One, your own home. If you do, do a pre PR upgrade capital gains tax free on your own home and your, properties that you own in super capital gains tax is a lot less inside of super in what's called accumulation phase and when in retirement phase capital gains tax is zero. And matter of fact, income tax is zero as well. So zero income tax is pretty nice. So minimizing our taxes last but not least is our own personal taxes. So we had those property taxes right there but our personal tax, how can we minimize that? And you guys should all know this one, it's depreciation our tax deductions we can claim being a property investor. Matter of fact, you can claim depreciation anywhere as a business owner, as a property investor an investor in any asset, it doesn't have to be property. So don't get all worried about, you know a couple of dipshit reporters saying, Oh, you know property is no good and you know negative gearing and stuff like that. Don't listen to that rubbish. Okay? Because the ability to offset a depreciation loss yep dead right Judy is available in every asset class in every nook and cranny of our economy gang. So, you know, take advantage of it. It's very useful. So get your tax deductions because you get depreciation, which, is not losing money, it's not negative cashflow, it is depreciation on, you know I don't know I'm sitting on this chair. It costs a 100 bucks to buy and in a year's time, it's worth 50 bucks but I still have the chair, I still get to sit on it. But I'll technically lost $50 of value, I can claim $50 against my tax taxable income and I get a tax deduction Awesome all right? So there you go. Stamp duty was the, sort of catalyst for today's conversation. How do you minimize it? There's a few, ideas there, but again, with taxes you've got to manage those across the spectrum. And it's kind of like a little choose your own adventure or choose a smart adventure as a property investor to make sure you minimize those taxes. Keep more money in your pocket and, go the distance in this gig called property investing. Anyway, gang, that's about it from me today. Hey, listen, my, recent podcast with a lady called Heather Gardner just dropped out yesterday, go and track that one down. She's an inspirational lady, she's very, she's very awesome. And a country lady, she and her partner ran a $200 million business and, she had, seven kids. You name it, she's an inspirational lady So go on and have a listen to that podcast she operates in the school of tough love. She's, inspirational, so go and check that one out if you haven't already. And I think that's about it. Yeah Coffee and a Chat done and dusted, go check out my podcast. Sam's podcast is landing on Wednesday he's going amazingly. His stuff has just gone from strength to strength So check it out and, yeah, that's about it gang. Hopefully you're all well, join me tomorrow for another Coffee and a Chat and, have an awesome rest of your day. And if anyone who hasn't been to one of our trainings our Property Investor Nights, I'm going to run one because one of our coaches can't make it on Thursday. I'm going to run one on Thursday for people in Darwin. Doesn't matter where you are in Australia or if you're listening in, and if you've never heard from us before this might be the first time you'd dropping in track us down on, track us down on our Facebook page or our website. And you can come and dial into the Darwin Property Investor Night it's a webinar, So you can dial in from anywhere if you're up for it. All right, gang. Hopefully, hopefully you're all well, and that's it for me done and dusted Coffee and a Chat over you guys have an awesome day and see you tomorrow around about the same time, bye bye.