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…
We get asked this question every week…and it can be the difference between a property that delivers high returns and a property that flops. So, where is the best place to buy? Michael ‘Boz’ Beresford takes you through the strategy to find the right property in the right market. As well as providing some helpful…
If you’d listened to this particular piece of advice 5 years ago, you would have lost 130% of your property’s value. Doomsayers are everywhere. Be careful of their advice as it could mean you miss out on a massive opportunity. *Transcript Below* Subtitles available* Media watch response to 60 Minutes: http://www.abc.net.au/mediawatch/episodes/60-minutes-property/10300068 Transcript Hey everyone,…
2 things you might think have nothing in common, are actually very much alike. Boz takes you through why changing the recipe is not a good idea. *Transcript Below* Subtitles available* Hey everyone, Boz here from OpenCorp for this week’s Property Wealth WOD. Now we’ve actually got a bit of a continuation here. So…
It isn’t just about location location location. Successful investing requires adhering to a fundamental principle. Boz takes you through why you should always buy below the median house price. Subtitles available*
SOURCE: Smart Property Investment With almost 20 years in property, 10 investment properties and a principal place of residence, Michael Beresford seems to have figured out the formula – so much so that across every property that he owns there are a number of striking similarities. https://www.opencorp.com.au/wp-content/uploads/2018/09/290818-Michael_Beresford_SPI1.mp3
This common tax tip could get you $1,000’s back in tax…but make you poor in the process. Is a little money back at tax time worth making you poor in the long run? Transcript Below Subtitles available* Transcript: Hey everyone, Boz from OpenCorp here. For this week’s wealth WOD … Now, it’s not long after…
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #14 of the top 10 mistakes made by property investors. Ok we lied, there’s more than 10! Subtitles available*
Political instability, spills, change in government. What do these events mean for property prices? Boz takes an historical look at Australian politics and disects exactly what impact they have had on the property market. The results may surprise you. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #11 of the top 10 mistakes made by property investors. Ok we lied, there’s more than 10! Subtitles available*
If you’re in your 50’s and looking for a strategic pathway to wealth…this video is for you. Boz gets down in the detail to devise an action plan for people in their 50’s who want to invest, and some tips to help you execute it. Subtitles available* When Marc ‘Pressed the Button’, his life…
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #10 of the top 10 mistakes made by property investors. Subtitles available*
Over the last 15 years, Taya has seen everything you could possibly imagine in Property Management Join Boz and special guest Taya Davidson, OpenCorp’s Guru Property Manager for this weeks OpenKitchen Sessions. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #9 of the top 10 mistakes made by property investors. Subtitles available*
If you’re in your 30’s and early 40’s and looking for a strategic pathway to wealth…this video is for you. Boz gets down in the detail to devise an action plan for people in their late 30’s and 40’s who want to invest, and some tips to help you execute it. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #8 of the top 10 mistakes made by property investors. Subtitles available*
We get it…saving is hard. But here is how you can keep your budgeting on track. Boz gets down in the detail to devise an action plan for people who want to save. Subtitles available*
There aren’t many people who know the investment journey better that Natalie. Join Boz and special guest Natalie Ravaneschi, OpenCorp’s Guru Relationship Manager for OpenKitchen Sessions. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #7 of the top 10 mistakes made by property investors. Subtitles available*
SOURCE: Smart Property Investment You would be forgiven for thinking that the Australian property market is starting to cool, with the press heavily reporting a downturn. But how true is this? Michael Beresford disects the issue in this weeks Property Showcase episode. https://www.opencorp.com.au/wp-content/uploads/2018/07/110718-Open_Corp_Michael_Beresford.mp3
If you’re in your 20’s and looking for a strategic pathway to wealth…this video is for you. Boz gets down in the detail to devise an action plan for people in their 20’s who want to invest, and some tips to help you execute it. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #6 of the top 10 mistakes made by property investors. Subtitles available*
The guys get deep into the topic of land acquisitions with special guest, Jamie Fyfe. Join Boz and special guest Jamie Fyfe, OpenCorp’s Land Acquisitions Manager for OpenKitchen. A casual chat on all things land. Subtitles available*
What are the key differences between a couples who invest succesfully and those who don’t? Boz gets down in the detail to devise an action plan for couples who invest, and some tips to help you execute it. Subtitles available*
THE BITE SIZED SERIES: Avoiding these simple mistakes will put you on the path to success. Join Cam for #5 of the top 10 mistakes made by property investors. Subtitles available*
The guys get deep into the data and uncover what is the better investment; blue chip or non-blue chip. Join Cam and Boz for OpenKitchen, a casual chat on all things topical with some of the experts in OpenCorp. Subtitles available*
SOURCE: Real Estate Talk You would be forgiven for thinking that the Australian property market revolves around Sydney and Melbourne and while we have seen tremendous gains in those markets there are others you should consider, returning excellent results that have been overshadowed by the results coming out of the southern capitals. Michael Beresford is…
Would you drive a car blindfolded? So why invest without a strategy? Boz and Cam ask the deep and meaningful questions to analyse what is required to create the a formula for investment success. *Transcript Below* Subtitles available* Transcript Michael: Hey, guys, Michael Beresford here. Cam: Cam McLellan. Michael: Welcome to today’s Wealth WOD, our…
Avoiding these simple mistakes will put you on the path to success. Join Cam for #4 of the top 10 mistakes made by property investors. Subtitles available*
‘I didn’t have the time, energy or expertise to research investment properties.’ Priscilla wants the retirement we all dream of. But she knows she won’t achieve it unless they invest to build financial freedom. *Transcript below* Subtitles available* Transcript I was getting to a point where I was really struggling and I don’t have the…
Interest Rates – what will they do? Boz takes you through a strategy to ensure that when interest rates go up, you’re protected. *Transcript Below* Subtitles available* RBA Minutes can be located HERE. Transcript Hey everyone. Boz here, from OpenCorp for today’s Property Wealth WOD. Well, we have a few questions to answer today. Will…
How does it work? Will it work for you? What’s the pros and cons? It’s all answered here. Join Cam and Boz for OpenKitchen, a casual chat on all things topical with some of the experts in OpenCorp. Subtitles available*
The banks might be big and powerful, but smart investors know how to control them. As your property portfolio gets bigger, you need to be able to use multiple banks to keep your properties safe. But what do you do when your portfolio grows to a number more than the amount of banks available. Subtitles…
Here’s how you can tell the banks how it’s gunna go down. Boz and Cam outline how you can keep your property safe from the banks. Subtitles available*
Would you let a foot surgeon operate on your eyes? No. Here’s how you can build the right property investment team… <span data-mce-type=”bookmark” class=”mce_SELRES_start”></span> Subtitles available*
‘Don’t worry about the stress of investing, just go and do it. It’s more stressful not investing.’ Dan Gosper wants the retirement we all dream of. But he knows he won’t achieve it unless he invests to build financial freedom. *Transcript below* Subtitles available* Transcript I suppose the mining industry can be pretty fluid at…
What do Lebron James, Aussie kids and investing have in common? Check out this vid on mindset. Boz and Cam take you through how to reach the mindset of a succesful investor. As well as how you can bring your kids along with you on the journey. *Transcript below* Subtitles available* Transcript CAM – Hey…
How close to the CBD do you need to be to build an effective investment portfolio? Do you even need to be buying close to the CBD at all? Boz takes you through a step-by-step strategy to solve this question. It’s one of the most common questions we get asked. So what’s the answer…
We get it. Saving for your first property is really tough. But think of it this way: you can build a large property portfolio and only ever save for your first property. Boz explains how. Michael ‘Boz’ Beresford takes you through an action plan for saving, and explains how to put in place a strategy…
We all pay tax, but how do we make sure our tax return efforts benefit us in the long term? *This is a transcript from a conversation with Michael (Boz) Beresford* So Boz, we know we need to pay tax. But how do we know if we’re paying too much tax? Great question. And it’s…
So you’re in your 30’s…Don’t know how to start investing? Do you think you’ve missed the boat? How do you enter the world of property investment? These are all valid questions. Michael ‘Boz’ Beresford takes you through an action plan for success, as well as providing some helpful tips and tricks on how to avoid…
Overcapitalising on the build is one of the most common mistakes we see investors make. Boz shares some of the horror stories and some tips to help you avoid this very common mistake. <span data-mce-type=”bookmark” class=”mce_SELRES_start”></span>
Bozza has his Crystal Ball ready to read. The bad news…is that retirement incomes aren’t looking good for many. Good news…is that he has a strategy to help you achieve financial security.
We give you a breakdown of all the crucial information you need to consider when buying your first home. Learn how you can make a smart purchase in this WOD.
Let’s take a look at two different investment strategies; investing to build a portfolio and investing to renovate and sell, and see which stacks up best.
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…
By Cam McLellan For many people out there, holiday season means packing the car to the brim and setting off for your favourite holiday home. And once you’re there, most likely relaxing in the sun, you might think about how great it would be to buy a holiday home. But does it make financial sense…
How does it work? Will it work for you? What’s the pros and cons? It’s all answered here. Join Cam and Boz for OpenKitchen, a casual chat on all things topical with some of the experts in OpenCorp. Subtitles available*
By Cam McLellan A while ago Al and I did a WOD about me selling my primary place of residence. Since then I’ve been knocked around by about 30 emails asking me why I didn’t just rent it out. Just because your home is a great house where you’ve raised your family and been really…
By Cam McLellan I was recently sent a very specific question via our Facebook page and thought it would be a perfect topic to blog on this week. The question came from an investor who was trying to understand if there would be any value in paying less for a property due to smaller land…
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…
By Matthew Lewison In a previous article I talked about the need to become an expert at identifying and mitigating risk. I’d now like to take this a step further and talk about the risk/return equation. But before I start let me repeat a statement I made previously – the goal of all investors should…
By Allister Lewison, The Karate Kid was pretty big in the eighties. Today, I want to talk about auctions and I’m going to relate it back to our old favourite guys, the Kobra Kai. Cam and I have been to a number of auctions over the years. The first auction we went to was a…
By Cam McLellan Let’s take a look at the six key signs of a healthy market. These six signs don’t always line up; sometimes the market can be moving when four of these factors are cranking up. You don’t have to look for every single one but these are the things I look out for….
By Matthew Lewison There’s a saying in property circles: “We build them to sell, not to love”. After a year or two of blood, sweat and tears, it’s understandable that developers might walk into their just-built development and become sentimental about it. This was their baby – from the first day to the last. Unfortunately,…
Shares have been a hot topic of late, so in today’s Property Wealth Workout of the Day we put them to the test against investing in property.
By Cam McLellan As the new year is upon us, and most of you are probably thinking, if you’re not already – 2016 is the year to kick start your investment plan. So what kind of property should you invest in, be they cash flow properties or growth properties. I’ve never bought into the old…
By Matthew Lewison Many investors starting out on their journey look at potential returns on an “absolute value” basis. This means they consider how much profit they will make, often assessing a project margin as a percentage of costs and they decide whether to invest or not. While this isn’t necessarily a bad thing, as…
By Al Lewison As property developers Cam and I have been very focused on keeping in touch with the driving force in the market at any given time. So, what groups are in the market and how do we need to sell to them, if they are going to buy from out developments? What motivates…
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…
Let’s take a look at subdiving and whether it’s a viable addition to your property portfolio when using a buy and hold strategy.
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.
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.
So your portfolio is growing and you’ve decided it’s time to purchase your own primary place of residence, but you don’t want to get sucked in by the market hype and want to ensure you get a good deal (but also don’t miss out on your dream home). Cam McLellan and Al Lewison discuss some…
Why is holding property so important to your portfolio? Cam McLellan and Al Lewison take a look at where their own portfolios began to show why it’s important not to sell too early.
What are the dangers of investing in regional areas as opposed to city markets? Steve Hogarty is taking the WOD wheel again to explain why we don’t advocate investing in regional areas.
How can you get comfortable investing in a State other than your own? Cam McLellan and Michael Beresford address this viewer question.
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 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…
What do a teenager, a university student and a dart board have in common? Watch this WOD to find out!
What comparable things should you consider when looking at two very similar properties to help you decide which will be better within your portfolio?
Will property prices continue to double and how is this possible? What things can we look at from the past to support this theory?
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.
How many times have you been with a friend at a BBQ who tells you about the great returns their holiday unit is getting? That gets you thinking “maybe I should add a holiday unit to my portfolio”. So should you, or shouldn’t you? Michael Beresford runs through the things you should consider before you…
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…
What is a better investment option? We take a look and the pros and cons for each side.
Don’t let your equity become lazy! In today’s property workout of the day (WOD) work out how much equity you have and whether it’s enough to let you duplicate.
By Cam McLellan The number one reason that 99% of the Australian population are not wealthy, is because they don’t understand assets and liabilities. Let me explain the difference between an asset and a liability. In the investment world, an asset is something that makes you money and a liability is something that costs you…
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…
Macro, micro, boom, hotspot – why the words used in the media could be making your decision to buy property an emotional one.
What process do we use to decided which market is the best to buy your next investment property in? Here are our tips and tricks on ensuring you make the right decision.
Is that “bargain” apartment, that’s only a few years old really going to add value to your property portfolio? Cam McLellan and Al Lewison discuss the importance of understanding the local market and making the correct choices when you are investing your way to financial freedom.
Does a holiday home make a good investment and should you add one to your portfolio? We take a look at this popular investment choice and whether it stacks up.
What are the benefits of buying a new build over an established one?
Is it worthwhile selling your primary place of residence or adding it to your portfolio and renting it out?
You all know that buying below the median house price is a must when purchasing your investment, but is it best to look at the particular postcode or the capital city or a combination of both?
When buying a new property how do I know I am getting a good retail price, and is there room for negotiating on land and the construction – these questions answered in today’s episode.
Cam and Al discuss the South Australian market and how to get the best investment every time.
By Cam McLellan Let’s talk about your first property. You can have your own home with a white picket fence and a mortgage that feels like a prison. Or, you could rent (or stay living at home), live wherever you want and put your money into an investment property. If you concentrate on building a…
The excursion continues! Today the team goes out to a south-eastern development to see what our investment opportunities are and what is recommended.
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 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…
Cam McLellan shares his tips and strategies for buying and selling a property that is up for auction.
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?
Posted by Cam McLellan One of the most common mistakes that you can make when trying to grow your investment property portfolio is to be sitting on “lazy equity”. The problem arises because most people don’t understand what it means to have lazy equity and how they can avoid it. Lazy Equity is the term…
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?
In every property market there are ups and downs but how do you identify when a market is in the danger zone, boom or stagnant? Cam McLellan and Al Lewison explain.
Cam McLellan and Al Lewison explain why buying below market value is not necessarily the best strategy when investing in property.
Is there merit in buying a slightly larger block in an area, above the median house price when keeping in mind growth potential.
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…
What drives the Spring market – it’s been suggested that it could be because the gardens look better, the Melbourne Cup, boredom and much more – Al Lewison and Cam McLellan discuss.
Cam McLellan and Al Lewison discuss serviced apartments and defence housing and whether they make good investments.
Cam and Al discuss money fear and how some ill advice from a former maths teacher opened Cam’s eyes to good and bad investment strategies.
By Al Lewison and Cam McLellan We purchased a block of land a few years ago, worked through the planning process, constructed a large commercial building (we were lucky enough to find a government tenant take a 10 years lease). But what we wanted to talk to you about today was the pros and cons…
What do you need to look for when purchasing a “good” investment? Our tips on how to not get caught up by real estate hype.
Property investors need to understand the importance of land-content ratio, in order to create good investments.
Nicola McDougall from API Magazine put Zoran from Brisbane and Cam McLellan from Melbourne to the test with a debate on which city is best to invest in (filmed in 2014).
Ensure as an investor that you understand the erosion factor when comparing property to other investments.
If you want to buy property at auction use these tactics to ensure to don’t get taken for a ride.
Let’s take a look at both options and see which stacks up for the best outcome.
In today’s episode we look at the two different options to see which comes out on top as the best investment option.
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.
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.
Successful investors use a process of elimination to find the deal of a lifetime, here are the steps to how we choose ours.
Cam & Al highlight some of the biggest mistakes made by property investors. Here are their top 10. (maybe even more than 10).
Learn why other people’s money and leverage give the knockout blow to this argument.
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.
Understanding the flow of money is paramount to being a successful property investor. Today’s episode covers this important topic.
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.
A holiday home may seem like a good addition to your portfolio (just think of those massive rent returns in the Summer) but don’t forget the traps holding a holiday house can have.
There are many different investment options, with commercial property being one of them, but how do you work out if this strategy is right for you? We take a look at the pros and cons.
Cam and Al discuss how they assess risk vs. return and the method they used at each step of their journey.
Land appreciates and buildings depreciate. You will fail as an investor if you do not clearly understand this rule.
By Cam McLellan The key to building a strong portfolio is identifying when your usable equity has increased. Banks will convert this usable equity into cash, which can be used for deposits on further investments. This is called duplication. “Why is it important to understand duplication?” Duplicating an effective investment system is the important thing….