On Property Podcast

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode When it comes to finding positive cash flow property, rental yield doesn't actually matter and isn't a true indicator of cash flow. Transcription: When trying to find a positive cashflow property, a lot of people look at rental yield as the beal and endo for whether or not a property is going to be positive cashflow. If it's got a certain rental yield, they say yes, it will be. If it's below a certain rental yield, they say no. A white be. In this episode I'm going to talk about why rental yield doesn't actually matter when it comes to finding positive cash flow properties, and in fact it does matter a little bit. It can be a good tool to quickly knock out properties that just will never meet the criteria or even come close, but as we'll look through a bunch of examples today, you'll start to see that properties, even with the same rental yield, one can be positive cashflow and one can't be, and propertie

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode A bit of a different episode where I share a process of discovery I am going through about the properties of money and how we can think about wealth and money differently. Transcription: Hey everyone, a little bit of a different episode today we're going to be talking about rethinking money and what I mean by that. There's these times that I have in my life where I can feel this monumental shift happening in my mind and in the way that I think about things. Sometimes they hit me like a fricking truck and my mind just changes instantly like that. I see the whole world in a new different way. Other times it's a more slow progression to understand something that happens over the course of a period of months or even years until I get to a point where I see the world in a different way. I don't usually share those things until they're fully formed and I can express them. I'm making an exception today because I

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode With my goal to get better at budgeting I am reaching out to listeners for their tips. Here are some great tips from Nic on how he revolutionised his budgeting and savings. Transcription: Hey guys, Ryan here from onproperty.com.au. I help people find positive cashflow property and in this episode we are doing some listener budgeting tips, so this is a roundup of some of the tips that I've received via email from listeners. It's going to be kind of short round up because I've got one email, but it's quite a long email that we're going to go through and pull some tips from it, so hopefully this will help you guys as you may know if you've been following. I am working on budgeting at the moment. It's something that I haven't worked on for a number of years that I need to get better at because I'm trying to save and so I've done a bunch of different episodes out there, one on my favorite favorite budgeting AP

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode What do you do if you hate budgeting and aren't good at it? Here's how 2 guys who hate budgeting approach this problem. Both me and Ben hate budgeting, and aren't really good at it, yet we have achieved financial freedom. If you're struggling with budgeting and the standard tips haven't helped you then this episode is for you. Book a free strategy session with Pumped on Property For those of you who want the jist of it without watching the video or listening to the podcast here's the basic outline. Pay Yourself First - Put money aside as soon as you get paid and strive to live off the rest Don't Acquire Debt - That just makes you go backwards (debt for houses/investments can be different) Find A Budgeting Strategy That Works for You - Everyone is different, what works for me might not work for you Earn More Money - The easiest way to solve your money problems (in my opinion) Transcription: Budg

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode I want to share with you my favourite budgeting app that I have found and the one I will be using to improve my budgeting and money management moving forward.   Transcription: I mentioned in the previous video that's something I want to get better at is money management and budgeting and something that I've never really focused on in the past. I've always focused on how to make more money and trying to make more money and I've never really focused on getting good at budgeting and getting good at money management. I've had times in my life where I've been really diligent at it and worked really well, but eventually it slips by the wayside. I stopped focusing on it and it just falls apart basically. So in this episode I want to share with you guys my favorite budgeting app that I have found and one that I'll be using moving forward. Hey, I'm Ryan from onproperty.com.au and I firmly believe that if you want

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode One of the major skills you need to become a successful investor and this is a skill that I really need to work on.   Transcription: One of the major skills that you need to become a successful investor and to build wealth is money management and this is a skill that I am probably lacking in and that I need to focus on and then I'll be focusing on in the future. Hey guys, I'm Ryan from on-property dot Com dot U. I hope people find positive cash flow properties and I've been working on this idea that in order to become a successful property investor, you need to build up the skills of a property investor and there's so many little skills that go into becoming a successful property investor. Money Management's one of the researching an area, choosing markets, talking to real estate agents, inspecting properties. I'm working with solicitors. There's so many different things that go into play when you're try

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode After you've set your strategy it's important to start researching the different major property markets. Here is a great tool to get you started. After you've decided on your property investment strategy, one of the things that you're going to want to do to increase your chances of buying a good investment property is to actually start to research different markets around the country to invest in a market that is on the rise versus a market that's on the decline. Because obviously it's a lot harder to find a property that's going to make you good money. If you're buying in a declining market. The saying goes, the rising tide lifts all boats, so the market's going up and generally old properties in the area are more likely to go up. It's the same if the tide is going down or the market's going down, chances are the property you buy it, no matter how great is likely to go down with that market as well. So

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode There may be a better way to learn about property investing that will make you less overwhelmed and a more successful property investor. Worth exploring? I think so! Today we're going to talk about a different way to learn about property investing because chances are the way that you're currently learning about property investing probably isn't the most effective way that you can do it. Hey guys, I'm Ryan from OnProperty. I help people find positive cash flow property, but now so trying to help people build the skills that they need to become a successful property investor. And so just having some coffee here. If I sound a bit different. I have had pneumonia, which is terrible. Pneumonia sucks in bed for three weeks, coughing up blood, all that good stuff. So if I sound a bit different, that is why, and I apologize. So to talk about a different way of investing in property, we're learning about investing

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode People often fail to succeed in property or in life because the refuse to take full and utter responsibility for what happens to them. Are you ready to step into responsibility and the life lessons and positive change that come from that? Hey guys, Ryan here from OnProperty.com.au. I help people find positive cash flow property and I am walking around my office today because this is an episode that I've wanted to create for quite a long time and I actually went for a walk a couple of years ago and did an entire rant on this but never actually published it because the audio quality wasn't very good and I felt like I could have explained it better and I always had the intention of re-recording the episode and explaining it better. But every time I sat down to do it I just found that it was extremely difficult to get this concept across in a way that was good for people to understand. And so I've just trie

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode Often people fail to buy an investment property because they don't set themselves little action steps to take each day. They simply set a big goal of buying a property and then get stuck because they don't know what to do next. In this episode I show you how to actually take action towards buying a property this year. To book a complimentary strategy session with the team at Pumped on Property click here.   Transcription: So often people want to invest in property, but they just take no action towards actually achieving that. So how can you start to take action this year towards achieving your property goals and your dreams of financial freedom or whatever that may be high on Ryan from on-property dot com dot a u helping you find positive cashflow property and I received an email today that was kind of upsetting. It was from someone who actually called themselves Mr. indecisive and basically went throu

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode I'm investing in Crypto currency in 2018 and think that we could potentially be looking at revolutionary technology. Here's why I'm putting my money into Crypto this year. If you're interested in learning more about how to invest in Crypto Currencies yourself I made a tutorial on how I am doing it and how you can do it also. Click here to view the tutorial ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode   Transcription: In this episode, I'm going to be talking about why I'm investing in cryptocurrency in 2018 and why I think cryptocurrency is going to be such a big deal moving forward. Hey guys, I'm Ryan from on property.com dot EU. I help people invest in positive cash flow properties and today is a bit of a different episode from what I would usually do, not actually talking about property today. I'm talking about another investment vehicle call

Do you go with a different mortgage provider for each investment property or do you have multiple properties with a single lender? In an ideal world every single loan that I would personally have would be with a different mortgage provider. The reason for that is that most banks in their contact have what they might call an "all monies clause". This means if you default on one of their loans they can sell multiple properties to get their money back even though they aren't cross-collateralised. However, it's very difficult for a bank to go to another bank and try to sue them. They've all got the same firepower. It's a lot easier for them to force a foreclosure on an individual investor rather than trying to force another bank to do what they want. However, in some circumstances it does make sense to have multiple properties with the same lender. It can sometimes give you increase borrowing capacity, access to better interest rates, offset accounts or other lending benefits that you wouldn'

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode What advice do we have for a 21 year old student who is keen to start generating passive income already? [su_note note_color="#dcf0fc"]Ready to buy a property but you feel stuck and need some help moving forward? Click here and get a free strategy session with Pumped on Property.[/su_note] Ryan: Jack is asking what advice would you have a for a 21 year old student with still a few years of study but is already keen to start creating passive income? Ben: You're probably better at this than me. Ryan: I don't know if I should say what advice I would really have though, because I'm ... Ben: Don't tell him to leave uni. Ryan: Yeah, that would be my advice. But it really depends what you're studying, like if you're studying to become a doctor or something, obviously, you have to go through uni. Basically if you're 21, if you're in uni, assuming you're not making much money, or you've got some casual job i

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode If you're in a negative cash flow situation what's the best way to get out of it and become positive cash flowed. Ryan: All right. I've got a question from [Tez 00:00:03]. They're currently stuck with negative cash flow investment properties in Sydney. What would be the best way to get out of this situation? It's kind of like, why ... ? If you're in Sydney, why would you want to get out? It just depends on when you bought and what your current situation is with loans and stuff like that, and if it's feasible and if it's good to sell those properties, and you have a strategy where you could reinvest that money into a better situation for yourself. Ben: Yeah, there's so many different factors at play, there. It's really hard to answer that question because, again, it comes back to your strategy. I talk to people with three, four million dollars equity in properties in Sydney that are still tied to their jo

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode Where is the best place to find australian property statistics so you can successfully do your research? Ryan: Alright, we're going to close off in a couple minutes guys. I gotta pick up my daughter from school soon, and take her to karate. She's gotten rather into karate lately. Rob is asking, "Where's the best place to check the stats?" If you're talking about ... I was just on yourinvestmentpropertymag.com.eu, they have a top [inaudible 00:00:18] section where you can check quickly and for free. You can check a lot of stats there. Where else is there Ben? That people can check stats. Ben: There's a lot of good information for free on Real Estate Investor. There's amazing stats now that RP Data is feeding realestate.com and domain. There is amazing, amazing insight coming into both of those areas like suburb analysis in realestate.com, you can do research on agents, you can do research on properties. I

What are public trustee options? Do you ever buy these properties and what are some of the pitfalls? Public trustee auctions are a way to purchase property off the government and the great thing about buying at public trustee auctions is that the property has to sell on the day. When the property goes to the public trustee it is usually because it's a mortgagee repossession, it's a deceased estate with no known family members in the country or no family members that want to be involved in seeing the property sell for a premium price point. You may also have properties at public trustee options that have been through fires and are extremely difficult to sell. You could also have properties with major termite or pest infestations or damage or other issues along those lines. When purchasing from a public trustee they often won't give you any indication of price. They will just take the highest price from the day, but even still this is often much lower than the general market value of the property.

Is the Rocklea/Acacia Ridge area a good area to invest in? Do you notice good growth in that area and why? Acacia Ridge is a southern suburb in the City of Brisbane. It's a suburb that has been consistently ticking away and gentrifying. In the last 10 years it's outperformed Brisbane's overall growth with a reported 3.39% average annual growth rate according to Top Suburbs. A few years ago about a third of Acacia Ridge was rezoned to allow for low to medium residential and high-density residential. This opens up the opportunity for more development in the area which may partly explain its above average growth over the years. 5-10 years ago driving through the suburb was extremely different than it is now. It was kind of like being in regional Australia. It was very run down, but the government has been selling out one property per month for a few years and there have been developers coming in with new projects. Acacia Ridge has multiple train stations within just a few kilometres walkin

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode For the last 3 years I have been showing people positive cash flow properties all over Australia. But sadly it's time to shut it down. Here's an explanation of why. Ryan:    Hey, guys. Ryan here from onproperty.com.au. I help people find positive cash flow properties, and I wanted to create a video to let you guys know why I'm shutting down On Property Membership. Now, just to clarify, I'm not shutting down onproperty.com.au the website, the free blog, the videos, the podcast. That will all still be running. I'm also not shutting down propertytools.com.au, which is a cash flow calculator that I make available to people. What I'm shutting down is On Property Membership, which is the daily property emails that go out to people. So, people subscribe as a member, and I go out and I find positive cash flow properties, and I share those properties with my members. So, they get access to the details of the prope

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode Property horror stories happen to even the best investors. Today we detail Ben's latest horror story and how he's handling the stress. Sometimes, when you invest in property, it goes horribly, horribly wrong. And today, we have a horror story. Ryan: I'm Ryan from onproperty.com.au. Today's horror story is about Ben. You guys know him. My old buddy, my buyer's agent of choice. He's had a lot of success in property, but horror stories can happen to the best of us. You guys may have heard about the Frankenstein house. If you go back with us a few years, you'll hear about this property that Ben had troubles with in the past in terms of council requirements and things like that. It's a bit of a hodge-podge house. Where do we begin? I've only heard half the story. So, I'm really excited to hear the other half and we thought that we will record it for you guys. So, take us back. When did you buy this property

ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode Negative gearing is not an investment strategy despite what people say. What is negative gearing and why are so many Australian's obsessed with it? Negative gearing is talked about a lot when it comes to investing in property in Australia, but what exactly is negative gearing and why is it important? Hey guys, I'm Ryan from onproperty.com.au and I help people find positive cash flow properties as well as learn more about investing in property. And you're listening to lesson number 6 in our series on the Introduction to Property Investing. So what exactly is negative gearing? Well, negative gearing is the opposite of positive gearing, which we talked about in lesson number 4. Basically, negative gearing occurs when the income of a property is less than the expenses. This means that you actually need to find extra money to pay for those expenses, which generally, is going to come from your job. But, can al