By Cam McLellan, Director & Co-founder When it comes to property investment, like many other endeavours in life, it’s critical that you begin with the end in mind. Not having a clear view of the outcome you’re trying to achieve can potentially derail your efforts: you’ll more likely be distracted and may stray from your…
Our popular Live Q&A Show is back for 2020 … but with a twist! Instead of the normal Q&A format with our expert panelists answering viewers’ questions, for our opening show of the year we recorded a property investment education session presented by OpenCorp’s Michael ‘Boz’ Beresford to the South East Melbourne Phoenix community. (OpenCorp…
By Cam McLellan, Director & Co-founder When investing in markets like Melbourne and Sydney, it’s important to understand what drives property values to ensure you’re going to buy at the right time. Let’s discuss the different types of buyers and how their purchasing patterns affect market movements and price cycles. The property market is…
By Cam McLellan, Director, OpenCorp An asset is something that makes things better. Let’s look at a few basic examples of assets and liabilities before I explain them in more detail – and you can try to pick which is which. An investment property that puts money in your pocket each month and has…
In this Wealth Workout of the Day video, OpenCorp’s Cam McLellan and Al Lewison go into detail on the ‘Market’ component of their MAP (Market/Area/Property) process. They discuss which capital cities you should be looking at, as well as what drivers you should be zeroing in on in those locations, for example, population growth figures…
In this episode of our Wealth Workout of the Day video series, OpenCorp directors Cam McLellan and Al Lewison discuss what they look for when investing in property. Many people take a random approach to property investment, which can be very hit and miss. As in all businesses, there should be processes in place to…
By Cam McLellan Building wealth through property is no different to most things in life. It’s all about mindset – if you tell yourself you can’t do it, chances are you will be correct. On the other hand, if you have the desire to give it a go then you will more than likely find…
Teaching your kids early on about the fundamentals of saving, delayed gratification and investments will give them the confidence to make smart investment decisions in the future. Cam McLellan explains how he has created the McLellan Bank to build his children’s investment knowledge.
By Cam McLellan Pretty buildings are all well and good, but it’s even better to notice the ground you’re standing on. That’s what you’re really investing in, because a smart investor always invests in land. If there’s one thing you need to understand about property investment, it’s that the land is the only thing that…
Investing in property should be as easy as purchasing a new pair of shoes, or doing the grocery shopping. Here’s our tips on how to get comfortable investing.
The team members here at OpenCorp have been in property investment a long time. Some might say we’ve been around the block a few times. And we’ve noticed a few things during our forays around said block, including the imbalance between male and female property investors. Hence, we wanted to write a helpful piece about…
Have you ever wondered what is actually involved in the build process? In today’s Property Wealth Workout of the day, Michael Beresford gives an insight.
By Al Lewison When catching up with an old work buddy Mark, who I hadn’t seen in a while, it got me thinking about the sacrifices I had to make in the early days, when I started investing. When I bought my first investment property, Mark was the bloke who said to me, “What are…
By Cam McLellan Today I’m going to write about Tall Poppy Syndrome – in Australia we have a tendency when someone stands out from the crowd, to want to go along in a group mentality and chop them off at the head, to bring them back to the level of everyone else. So what…
By Cam McLellan My business partner Al Lewison and I came up with our Property Wealth Workout of the Day video series after being asked what the most important rule for investing was. We sat down and started talking about that and what we decided is that there isn’t one most important rule, there is…
By Al Lewison Have you ever heard of the butterfly effect? I’m not talking about that excellent movie featuring Ashton Kutcher, but a scientific paper, written in 1967. The paper posed the question: Does the flap of a butterfly’s wing in Brazil, create a tornado in Texas? The idea being that a really small action…
There are four key things you must know and remember as a property investor. Watch this video to find out what they are, and remind yourself of these crucial parts to investing.
By Cam McLellan I believe there is one reason why the majority of Australians are not financially wealthy and never will be. I want to share a rule with you today, which will put you ahead of the majority if you apply it. We have a team of accountants who work for us full time…
What does it mean to invest like a girl? Check out one of the most powerful WOD videos to date. Make sure that after you have watched Cam’s WOD, you check out this video: https://www.youtube.com/watch?v=XjJQBjWYDTs
Many of you have asked, when investing as a couple, is it best to put one or both of your names on the property? We take a look at your options in today’s Property Wealth Workout of the Day.
You keep hearing about the eighth wonder of the world – compound growth. What’s so good about it and how do you calculate a return on compound growth? Explained in today’s Property Wealth Workout of the Day.
You know you should leave your emotions out of your investment property purchases, but what is the reasoning behind this? We take a look at why investors need to leave their emotions at the door.
You’d be forgiven for thinking a loan for your own home would be the same as a loan for an investment property, but there are a few key differences. In today’s property workout of the day, we take a look.
It’s one of the hurdles that property investors can face, but having your loan application rejected is certainly not a game-ender. Michael Beresford discusses this viewer question in our Property Wealth Workout of the Day.
So you’ve finished school, enjoyed yourself (and spent your savings), brought a house but are now looking at a large credit card debt. When you find yourself some spare cash, you should be reducing your debt right? In today’s WOD we look at that might not necessarily be the right step.
By Cam McLellan At OpenCorp. we use a process known as MAP to find the perfect investment property. The MAP process is all about eliminating markets, areas and properties in order to select the right investment property. In today’s blog I will cover the market part of the process, specifically, knocking out markets that aren’t…
These two mistakes are some of the most commonly made by property investors. Make sure you don’t get caught out by them!
There are many reasons some people will never invest, do you hold yourself back using one (or all) of these excuses?
Not everyone wants a Jet, or to buy a private island – most people want to be healthy and provide a good life for their family. Understand the lifestyle you want to achieve, then will you be able to work out how much money you need.
Nobody wants to work forever, or be stuck in the debt cycle – but how do you achieve financial freedom? Here’s our tips.
By Cam McLellan I often get asked, “What is the top thing you need to know as a property investor, what’s the number one rule?” There isn’t one rule. Al and I have rules for every area of property investing, whether it’s taxation law, identifying an investment, duplication, cross collateralisation, finance structure or picking a…
Ever wondered how the banks work out your borrowing capacity for your primary place of residence and property investments? Michael Beresford gives you a quick snapshot in today’s Workout of the Day.
Real life investing example – take a look at one of Michael Beresford’s investments – Property WOD |Ep. 200|
Director – Investment Services for OpenCorp., Michael Beresford, goes through a real life example of a property from his own portfolio and how it’s performed over 10 years.
In today’s episode we look at the three main ways many Australian’s are getting their first deposit together, so they can get their foot in the property door.
What are the six key signs for a healthy market, and what should you be looking at to determine which market is about to take off? Discussed in today’s WOD.
By Cam McLellan Property investing takes a lot of time and to be frank without good time management you will never be able to build a portfolio. From most people I hear the same thing; “I want to be financially free, but I just don’t have enough time in the day to spend researching the…
By Cam McLellan I was recently asked what the difference is between myself and those who are still great with general life but don’t ever acquire financial freedom. After thinking about this for I while, I realized it’s because I find it mentally easy to absorb a setback. In fact I love a road block….
We all know the story, we believe the house we want to purchase is worth XX amount of dollars, but how do we know the bank will value it at the same amount and give us the loan we need? Steve Hogarty is back again to explain.
Whether you’re a first time or experienced investor, understanding property finance is a must! The number-one reason most investors never own more than one property is finance. Listen to established property investor Michael Beresford discuss the importance of setting up your property finance correctly.
With all this talk of tighter lending for investors, how will APRA’s recent changes affect you? Cam McLellan and Michael Beresford discuss.
By Cam McLellan When it comes to property investing what comes first the chicken (your borrowing capacity) or the egg (the property). Most people would say it’s the property, but today I’m going to tell you why the chicken should always come first. Last year a friend went and signed a contract for a house…
By Cam McLellan My business partner Al Lewison and myself have been investing for a while now and one of the questions we get asked regularly is, if we had to start again knowing what we know now, what would we do differently? The obvious answer to this is raise ten million dollars! But I…
Cam shares his thoughts on Joe Hockey’s recent comments regarding Australian’s needing to “go out and get a good job” in order to in to the property market.
Why is it that most Australians never be financially wealthy? Until you understand and live by this rule you will never be financially independent.
Let’s talk about leverage and other people’s money again. When we’re purchasing our investment property is it better to put in a 5%, 10%, 20% or more deposit?
As many of you will know, we recommend renting where you want to live and accumulating your portfolio before buying your own home. So how much should you be spending (or not spending) on rent?
Should you be renovating your home or investment purchase to create more profit? How much more will the renovations make your purchase worth? These questions and more answered by Michael Beresford, in today’s Property Workout of the Day.
By Cam McLellan Enjoy the life you are living and want to keep it up in retirement? It is very achievable to retire your household on $200,000 a year, but doing so depends on two things. The first is the amount of capital or unused equity that you have available for deposits. The second and…
Getting yourself or your kids started in property investing can seem like a daunting task, but one simple small action today, can result in an avalanche of possibilities. Cam and Al discuss taking that first step.
By Cam McLellan Lots of people ask me about renovating and why I don’t renovate. This is the smallest development type, but just because it’s the smallest development type does not mean that it’s the best place to start. If you own or buy a house, and want to add value to it, one option…
How do you ensure that you maximise your borrowing capacity and what steps should you take to ensure that you get the most out of the bank.
What do Monopoly, delayed gratification and building your portfolio have in common? We take a look at some of the things that can get you investing earlier.
It is a well publicised fact that potentially over 80% of couples in Australia will retire on only $32,000 each year. With many of us already living well above that number it’s a scary thought! So how do we make sure that we are able to retire more comfortably? Cam and Al discuss what might…
By Cam McLellan Even when I was a kid, it was my vision to retire at 40. For me, this was the definition of financial freedom. I pictured a never-ending round the world adventure holiday filled with extreme sports. I’m now 40 and have an entirely different view of financial freedom. My kids changed all…
By Cam McLellan The first deposit is the most difficult to save. Once you’ve started building your portfolio, your appreciating assets will help you fund future deposits and you’re off and running. My first house was a 10sq three-bed brick veneer in Bayswater, Victoria on a 900m2 block. Just imagine a brick box in the…
Today’s WOD features an excursion where some members of our team go and investigate the investment knowledge of some real estate agencies. Are you surprised by the final results?
In this episode Cam explains how his wife Felicity only recently had her own light-bulb moment – when she realised property really does value every ten years.
In today’s WOD we look at why you might find putting in 200 hours to benefit yourself intimidating, but when you realise you’re working over 1,000 hours to benefit “the Man” it’s worth the effort.
Now you’ve worked out your property investment visions and kicked them into action, all you need to do is get yourself into the market, then sit back and watch your portfolio grow. In today’s Workout of the Day (W.O.D) property investment video, Cam and Al discuss why it’s important to remember that investing in property is a long…
So you’ve decided on what your visions are for your future, now it’s time to get those visions in to action, whilst brushing off those dream crushers.
We’re back and ready for 2015! In our first Property WOD (workout of the day) for this year, Cam and Al talk about the importance of goal setting for your future.
It’s time to go back to the future and answer what we would do, if we went back to the beginning and started again?
Take a peak in to the past and check out Al Lewison’s first property purchase and how it performed.
Only around 15,000 people in Australia own more than six investment properties – so how do you gain the confidence to build your portfolio to six or more properties and become financially secure? And is it better to rent or own?
Getting your initial deposit to launch yourself in to investing in property this day and age is pretty difficult, so how are most people doing it? And what’s the best way to get your foot on the ladder.
We keep saying – Education is King – so what books will help you keep on track on your investment journey? Here are our favourites.
We have made it a priority to create a well structured and thought-out process when guiding clients through their property investment journey, in order to minimise the risk involved in investing in property, but it is a fact that there is risk involved so today we wanted to address what we think are the two…
Why do the greatest investors have all the best lines? Is it just a coincidence? Repost from The Motley Fool www.fool.com We don’t think so. Great investing and great communication are very similar in that both require focus, and the ability to decide what’s important and what’s not. Hedge fund manager Mark Sellers has said…
Let’s go right back to basics and talk about how to find the deal of a lifetime, every single day of the week.
How do you ensure that you are getting the best tenants in your investment properties and avoid the ones that will make you want to pull your hair out?
Don’t get caught out by hidden costs, make sure you understand exactly how much you need to start building an investment portfolio.
Getting multiple loans for your investment properties can be a scary thing, here are our tips on finding your confidence.
By Al Lewison and Cam McLellan We met up with a mate of ours, for the sake of this article let’s call him Jimmy. A while ago he wanted us to sit down and go through a personal financial plan, with the view to buying a few investment properties. So we started by discussing what…
Let’s take a look at how the cash-flow quadrant influences your investment journey.
Join Al and Cam for a hot minute where they fill you in on their total investment journey, including their first house purchases, worst house ever brought and much more.
Property investors need to understand the importance of time management, writing down your goals and taking action.
Do you find that you are too busy to start building a property portfolio? We give you some tips on managing your time and how to get past the time barrier.
If you want to be financially free and retire early, you will more than likely have to delay gratification for a time. What could you give up?
Al takes on his first blue run at Mt Buller – not pretty – Cam and Al compare this to investors and how they jump off double black diamond runs as novice investors.
Cam & Al discuss which property investment option is better to buy – new or old, and the reasons why.
Cam and Al discuss the distance your property investment needs to be from crucial amenities.
Let’s take a look at how important your land content is when choosing your investment property.
Cam and Al discuss the need for understanding the established capital bench mark when selecting your investment.
Cam and Al discuss one of the biggest mistakes investors make – overcapitalising, and why making this mistake could be costing you a lot more than you realise.
Let’s take a look at how to hold more asset for as little out of your back pocket as possible.
Cam & Al explain why the bank panel valuers are the key to your future net wealth.
Cam & Al discuss what it takes to find the best investment property for a specific area.
Al and Cam discuss how important infrastructure is when it comes to choosing the right investment property.
Al and Cam show you how to identify if there is a threatening oversupply that will impact the price of your investment.
Al and Cam discuss the need for diverse employment with a concept on what would happen to prices in our capital cities is employment generators aren’t considered.
Finding the property investment deal of a lifetime: the best investment area – Property WOD |Ep. 44|
Cam & Al show you the second part of the MAP process. Finding the best investment area or suburb and the key factors that must be taken into account.
By Cam McLellan Al my business partner and I were recently out at one of the secondary schools talking to the students about the basics of investing and property as an investment option. But I decided to start my property section a little different from usual and I think it really woke them up. I…
One of the most impressive developers in Australia in our lifetime didn’t start he was 35 – so if you’re worried it’s too late to start, watch this episode.
Supply and demand explained. Many talk the talk but few understand what’s going on in our capital cities.
Cam & Al explain the steps they take and things you must understand to find a property investment deal of a life time, every day of the week.
Choosing the right market to invest in at the right time is key to building a successful portfolio. Here are our tips to make the right decision every time.
When building your portfolio for it to be a successful one, property selection is so important. For our next few episodes we will go over in detail, the number of different categories that will help you select the best investment, every day of the week.
Successful investors use a process of elimination to find the deal of a lifetime, here are the steps to how we choose ours.
Property investors must understand the valuation process to be successful. In today’s episode we take a deep dive into property valuations.
Al and Cam talk today about why you are your best motivator and why it shouldn’t matter where you come from, if you want to be successful it’s up to you.
Having the right broker can make or break you as a property investor, here are our tips and tricks for choosing the right one.
Setting up your property team is a task every investor faces, let’s take a look at what you need to consider when looking for an accountant.
After a recent trip to China, we thought we should let you in on a few interesting things we found out about this massive country and how our cities are going to be looking in the future.
As a property investor it is understandable and even important to be fearful at times, but don’t let that fear hold you back. In today’s episode we look at deciding whether your fear is rational or irrational.
Not realising you have lazy equity is one of the biggest mistakes you can make as a property investor. Here are our tips on making sure your investments are working for you.
Al and Cam have discussed in previous WODs what you can give up to get yourself that next step closer to investing. In today’s episode they give you an insight on what they gave up in the early investing days.
A property investing expo can be a dangerous place, here are our tips to ensure you don’t get caught up in the hype of the day.
Cam and Al discuss how they assess risk vs. return and the method they used at each step of their journey.
Understand how to calculate rental yield and determine it as a percentage.
Land appreciates and buildings depreciate. You will fail as an investor if you do not clearly understand this rule.
To be successful as a property investor you must set goals. Here’s our tips on how to set and reach your targets.
Determine not only how much money is going to be enough, but also how to get it.