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…
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.
A mate and I were on a bike ride recently when he asked me, “What’s the best way to get rich?” I’ve thought about it and broken it down to four key steps. First of all, if a good process already exists, use it! Most of you will have heard of my grandma’s spaghetti Bolognese….
At the end of the year as we get closer to Christmas, I always find people start thinking about how great it would be if they didn’t have to go back to work. This brings them to thinking about how much they will need for each year of retirement and how to go about accessing…
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.
Whilst interest rates have held steady at 2% for the last few months, there is always the possibility of interest going back up. How will this affect you as an investor? We take a look, in today’s Property Wealth Workout of the Day.
By Cam McLellan One of the most common questions we are asked is: “How can property prices possibly continue to rise at the rate they have?” Today I’m going to talk about future forecasts for Australia’s property market. I often go back to an interesting conversation with my Mum a few years ago. Mum bought…
Did you know that residential vacancies fell in Australia last month? In today’s Property Wealth Workout of the Day we discuss the recent decline and why as an investor you need to be aware of these changes.
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 It’s the New Year and if you’re already an investor, it’s probably time to take a step back and reassess your investments. Whilst my strategy is hold, hold, hold, if you have an underperforming asset, in order to be a successful investor you must be able to know when it’s time to…
By Cam McLellan In order to mitigate risk, it is smart to avoid cross-collateralising or securing numerous properties with the same bank, particularly when it comes to your own home. We always disclose everything to banks but it is good to have your own home with one bank, your investment property with a totally different…
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.
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.
By Cam McLellan Property insurance is vitally important but is something people rarely think about. It protects and mitigates risk for you and should give you the reassurance to sleep well at night, yet people use a very high risk strategy to make sure they are covered. Usually you receive a reminder from the insurance…
Should you use equity, or sell off part of your portfolio when you you want to buy your own residence? Michael Beresford takes us through the options in today’s Property Wealth Workout of the Day.
After all this talk of bubbles bursting, Cam and Al thought it was time to address what you should do, to ensure your portfolio keeps growing, no matter what the market is doing.
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.
Property investors must know about land tax, OpenCorp.’s Michael Beresford steps up to the WOD plate to explain in today’s episode.
By Al Lewison Cam and I are often telling people to buy property now because in ten years’ time it’s going to double in value and you’re going to have all this fantastic equity and be able to live the dream. I’ve been buying property for the best part of 20 years now, so let’s…
How could it possibly be that paying down your debt is a bad idea? When it comes to property investing, you need to know why so today Cam and Al are going to talk about Principle and Interest.
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.
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.
By Cam McLellan. Whilst we don’t advocate selling properties, there will probably come a time when you will want to sell your primary place of residence (PPR). When you do this you need to have a plan and a strategy to ensure you get the best outcome. So what things do you need to consider?…
We often talk about not cross-collateralising your loans but is there a point in your investing journey when it is safe to consolidate your debt? Cam McLellan answers this viewer question.
What comparable things should you consider when looking at two very similar properties to help you decide which will be better within your portfolio?
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.
Cash or equity, what is better for funding your investment properties?
Tips and tricks for getting higher rental returns by minimising cost but maximising valuation appeal.
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.
It’s Friday so the Property WOD teachers have some homework for you. Today Cam and Al discuss important financial checks and reviews, as well as what else you should be doing to ensure you are achieving your goals for the year, before it’s 2016 already!
How can you maintain sufficient cash flow and capital to enable subsequent property purchases whilst building your portfolio.
By Cam McLellan Selling an investment property is like a game of snakes and ladders. You climb and climb towards financial freedom, but when you sell it’s like landing on a snake. You slide down the snake and have to start all over again. The best advice is always to hold, hold, hold and hold….
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.
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…
We don’t recommend selling investment properties as the way to generate real wealth is through growth, but what should you do if you have to sell? Cam McLellan and Al Lewison share the best steps to selling your property, whether that be your primary place of residence or investment.
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?
Well we’ve been proven wrong – property investing can be stressful! Take a listen to this investor’s nightmare turned reality (but don’t worry, there’s a happy ending).
Michael Beresford explains how to take advantage of negative gearing from your property portfolio.
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…
When you’re holding a larger asset base how do you go about ensuring more asset for little out of back pocket expense and make your tax work for you.
Established property or new build? How do I get a new build for the same price as an established property? Established property or new build? How do I get a new build for the same price as an established property? How does depreciation affect my decision? How does depreciation affect holding costs? Long time WODer,…
The point of building an investment portfolio is to create financial freedom – so don’t get sucked in to overcapitilising on your properties when you won’t get the return.
Cam McLellan and Al Lewison explain why buying below market value is not necessarily the best strategy when investing in property.
In the early days of building your portfolio you will have more than likely put your purchased properties in your own name, as well as with your partner. So what’s the best way to mitigate the risks towards you both?
What is the best way to manage ongoing investment property costs, and how to not get caught out by an unexpected cost when managing your portfolio.
Is there merit in buying a slightly larger block in an area, above the median house price when keeping in mind growth potential.
What structures do you need in place, in order to retire early and live off the equity of your investment properties?
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…
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?
Cam McLellan and Al Lewison discuss serviced apartments and defence housing and whether they make good investments.
Cam and Al give you some tips on how to decide whether your asset is performing or not and things to consider if you decide to sell it.
Getting multiple loans for your investment properties can be a scary thing, here are our tips on finding your confidence.
Prenuptial agreements – how do you approach the tricky conversation and why you may just want one, after you’ve spent 10 years building your wealth.
Cash is king for property investors – ensure you keep a buffer and be clear on how long that buffer will last should it be needed.
This WOD will make a huge difference to your overall net wealth and cash flow position by explaining how to increase rents whilst managing your tenants expectations.
A lot of you will be building your portfolios for the benefit of your family. Today we look at how to transition your knowledge and wealth to your children.
A must watch episode for all property investors – learn how to manage your property managers and save yourself big dollars.
Once you have started growing you portfolio and see some equity gains, make sure you stick to your strategy and don’t get distracted by risky investments.
What impact can having, or not having property insurance have on your investment portfolio? We look at the pros and cons.
Let’s take a look at both options and see which stacks up for the best outcome.
Finding a good property manager is the most important thing when searching for a good tenant, here are our tips.
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.
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.
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.
Understand how to calculate rental yield and determine it as a percentage.
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….