Are you sinking thousands of dollars into a mortgage, only to realise you're stuck in a financial rut for the next 30 years? For many Australians, buying an owner-occupied property is seen as a quintessential step toward building wealth. But here’s the hard truth: it could be a financial trap. Locking yourself into a 30-year mortgage may seem like the path to capital growth, but if you dig deeper, the numbers often [...]
Creating a successful property portfolio is no easy feat. It takes time, effort, and a keen business sense to achieve financial security and reduce risks. That's why it's worth considering hiring a professional accountant who specialises in property investment. Investing in real estate can be a lucrative venture, but it also comes with its fair share of challenges, especially when it comes to managing the finances. Property investors who hire a [...]
In today's fast-paced world, achieving financial success often feels like an insurmountable challenge. Yet, many overlook a critical component that can drastically change their financial trajectory: their mindset. The way you think about money profoundly impacts your financial decisions and, ultimately, your wealth. By making a few simple changes to your money mindset, you can pave the way for substantial financial gains. In this blog, we will explore practical tips and [...]
Prior to having kids I was a keen traveller and one time when I was on a trip to Vietnam I ‘happened’ to sit next to a very interesting man, on a bus. His name was Kevin and was a very successful property investor. At the time he was the UKs largest independent property investor who in his 15 years of investing had acquired over 800 properties with $5m profit [...]
There has been a lot of hype and talk over the movie recently titled “The Big Short” which is based around a few guys “shorting” mortgage-backed securities based in the USA. The movie has caused quite a stir with a lot of viewers wondering whether the same thing could happen here in Australia. So I thought I would cover off why this will NOT happen here in Australia and here [...]
Halloween often involves telling scary stories, kids dressed up in home-made outfits running up and down the street trick or treating and of course the unusual tradition of carving up pumpkins. I was reminded recently of a scary story a client (John) told me about his Mum and Dad who divorced when he was about 27 years old. Mum used her share of the settlement and brought a little three bedroom house [...]
So, you’re thinking about investing in property to create wealth for yourself but you’re not entirely sure how the money side of things works? That’s OK. It might seem a touch confusing but really financing on a mortgage basis is quite straightforward. Let’s take a quick look at what you really need to know: You Need A Deposit A deposit is a percentage of the purchase price that you will [...]
I’ve recently had the good fortune to sit down with Peter Mastroianni of Rentvesting to talk about property investment. Peter encourages a brand new model of home ownership on his website and he wants to share his tips on successful investing with our readers. Peter’s heroes in life are people that we can all look up to. He is a fan of Elon Musk’s innovative and creative approach to the [...]
Investing can be quite scary when you look at it from afar but when you peek a little closer, it all starts to make sense and once it makes sense, it’s exciting not scary. Let’s take a quick look at three key principles of investing for your future wealth: Risk Management There is no such thing as a risk free investment. In the same way that there’s no such thing [...]
https://youtu.be/TkX5ZZmf0Vk So I'm standing here directly opposite one of my investment properties and you'll see these beautiful park lands areas behind me. Now this is one of the things that I look for when searching for properties for my investment clients is recreational areas. It's one of a top few things that I look for. The other thing I look for is schools, jobs, good transport and shopping facilities. But these [...]
