Styling a rental can do wonders, we once rented a 2 bed unit between selling and purchasing a new PPOR, we ended up buying the new one on the day of settlement, but we still had a long lease left, so the owner agreed we can leave without any penalty once they find a new tenant, we styled the rental as if it was an open inspection, it ended up rented after 2 weeks and with a $20 rental increase, the new tenant was so keen he even came back so he could measure and buy furnitures.
That's an awesome story Sarmuu! when you think about how little cost and effort styling costs and the massive visual and emotional impact it adds on the buyer/renter it becomes a no brainer as an investor
I've been hearing a lot of talk about lenders disregarding the liability on a property if held in a trust which is meeting its own commitments..... which lenders consider doing this? I have spoken to a couple of brokers and accountants now who all say that this isn't really a thing, or that only one or two lenders will do this for a net positively geared trust. Thanks so much for all the great content! Big fan
Hey mate! First up 10 points for not taking the first no as the answer, sounds like these guys just arnt investor savy I’ve attached an episode bellow that goes into even more detail about Trusts, any broker we’ve had on the show would be able to help you out with a more personalised understanding of your options Episode: Endless Borrowing! Accountant Reveals How Investors keep Growing - With Jeremy Iannuzzelli ua-cam.com/video/dFQlkoB6U7I/v-deo.html
Thank you for this! I am also stuck on two properties and I’ve been advised to wait 5 plus years to turn two into four properties. Could Jono have waited similar time to turn two into four instead of selling and buying in trust?
Hey thanks love hearing you enjoyed the ep! 100% he could have, it all comes back to personal risk profile, and understanding the opportunity cost. If someone’s told you you need to wait it might be the case. But it also might mean that person can’t see a different path to get you there sooner. Everyone’s different but the one constant is, it’s always worth speaking with multiple professionals if you’re not getting the answer you want. Happy investing mate!
Great episode! This also demonstrated the importance of having a professional team (accountant, mortgage broker, buyer’s agent) to support your real estate investment journey. However the reality is that people don’t usually have such a team around team or it’s very hard to coordinate between different professionals and make sure that they all head to a common goal. Jono was lucky to have this kind of help. Probably consider doing a follow up episode later to keep us updated about Jono’s investment journey?
Hey Ellie, Thanks, and very fair point it can be tricky to organise the team in a way that keeps everyone moving toward the common goal. As you grow as an investor it becomes a big part of the skill set that’s rarely spoken about but definitely necessary
What kind of buyers agent would buy a th in calamvale with such high body corporate fee ?! I have only heard some would buy at least central area where land is quite expensive with small complex while at least land vale is still high.
Hey mate, That's a not a restriction I've heard but would strongly recommend you chat with a good accountant that not only understands how this works but has actually walked the walk with their own portfolio.
Borrowing capacity is seriously tight right now. I think many property gurus fail to acknowledge this. Chris Bates is one of few who seems to understand this. He's on a number of podcasts.
Borrowing is tighter now than 24 months ago you’re totally right, but the focus needs to be placed on what investors have in their control to grow a portfolio rather than how bad a situation is in comparison. A growth mind set will always win over a one that seeks out the problem
if we even have an episode where someone isn't just stuck for growth but stuck under a car, we'll get Kev back so he can lift it off them, 2 unstucks for the price of one ;P
We have around 37% of people renting in Australia. The reality is there's only room to have around 18 to 20% of the population as property investors. Of course it makes sense that most will get "stuck" at 1 or 2 properties. We seem to be looking at problem that is not a problem. It's simply a feature to be expected in a normal marketplace.
I wouldn’t worry about how much everyone else will or won’t do that’s their choice, if you want to invest in 1 property or 10 that’s your choice to do or not do what it takes to make it happen. Happy investing mate 😊
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Styling a rental can do wonders, we once rented a 2 bed unit between selling and purchasing a new PPOR, we ended up buying the new one on the day of settlement, but we still had a long lease left, so the owner agreed we can leave without any penalty once they find a new tenant, we styled the rental as if it was an open inspection, it ended up rented after 2 weeks and with a $20 rental increase, the new tenant was so keen he even came back so he could measure and buy furnitures.
That's an awesome story Sarmuu! when you think about how little cost and effort styling costs and the massive visual and emotional impact it adds on the buyer/renter it becomes a no brainer as an investor
I've been hearing a lot of talk about lenders disregarding the liability on a property if held in a trust which is meeting its own commitments..... which lenders consider doing this? I have spoken to a couple of brokers and accountants now who all say that this isn't really a thing, or that only one or two lenders will do this for a net positively geared trust.
Thanks so much for all the great content! Big fan
Hey mate! First up 10 points for not taking the first no as the answer, sounds like these guys just arnt investor savy
I’ve attached an episode bellow that goes into even more detail about Trusts, any broker we’ve had on the show would be able to help you out with a more personalised understanding of your options
Episode:
Endless Borrowing! Accountant Reveals How Investors keep Growing - With Jeremy Iannuzzelli
ua-cam.com/video/dFQlkoB6U7I/v-deo.html
Awesome insight into a real life example. Cheers for sharing Johnno
Glad you enjoyed it mate 🙂
Good episode. Have you got any others to help with the first home buyer/investor? Cheers
A great episode! Thank you all.
Thanks mate, love hearing you enjoyed it 🙌🏼
Thank you for this!
I am also stuck on two properties and I’ve been advised to wait 5 plus years to turn two into four properties.
Could Jono have waited similar time to turn two into four instead of selling and buying in trust?
Hey thanks love hearing you enjoyed the ep!
100% he could have, it all comes back to personal risk profile, and understanding the opportunity cost.
If someone’s told you you need to wait it might be the case. But it also might mean that person can’t see a different path to get you there sooner.
Everyone’s different but the one constant is, it’s always worth speaking with multiple professionals if you’re not getting the answer you want.
Happy investing mate!
Great episode, Todd .. you covered wider scope
Great episode! This also demonstrated the importance of having a professional team (accountant, mortgage broker, buyer’s agent) to support your real estate investment journey.
However the reality is that people don’t usually have such a team around team or it’s very hard to coordinate between different professionals and make sure that they all head to a common goal.
Jono was lucky to have this kind of help. Probably consider doing a follow up episode later to keep us updated about Jono’s investment journey?
Hey Ellie,
Thanks, and very fair point it can be tricky to organise the team in a way that keeps everyone moving toward the common goal.
As you grow as an investor it becomes a big part of the skill set that’s rarely spoken about but definitely necessary
What kind of buyers agent would buy a th in calamvale with such high body corporate fee ?! I have only heard some would buy at least central area where land is quite expensive with small complex while at least land vale is still high.
Max Phelps is amazing and I can vouch for him personally.
He’s great at what he does! You’ve used him as a broker?
I heard setting a trust requires it to be up & running for at least one year otherwise banks shy away from it at application, sound right?
Hey mate, That's a not a restriction I've heard but would strongly recommend you chat with a good accountant that not only understands how this works but has actually walked the walk with their own portfolio.
Borrowing capacity is seriously tight right now. I think many property gurus fail to acknowledge this. Chris Bates is one of few who seems to understand this. He's on a number of podcasts.
Borrowing is tighter now than 24 months ago you’re totally right, but the focus needs to be placed on what investors have in their control to grow a portfolio rather than how bad a situation is in comparison. A growth mind set will always win over a one that seeks out the problem
Great episode
Thanks mate!
Love this.
Thanks mate, We're finally getting to make another one real soon!
Excellent discussion and conduct of the discussion.....❤❤
Thanks mate :)
Great video. Got a lot out of this.
Thanks mate! Glad you’re enjoyed it 😊
$1,000 p/q for a townhouse is bad? I would consider that market.
Kev looks like he lives in the gym! 💪💪
if we even have an episode where someone isn't just stuck for growth but stuck under a car, we'll get Kev back so he can lift it off them, 2 unstucks for the price of one ;P
Damn you are hilarious😂@@pizzaandproperty1246
❤❤❤❤
We have around 37% of people renting in Australia. The reality is there's only room to have around 18 to 20% of the population as property investors. Of course it makes sense that most will get "stuck" at 1 or 2 properties.
We seem to be looking at problem that is not a problem. It's simply a feature to be expected in a normal marketplace.
I wouldn’t worry about how much everyone else will or won’t do that’s their choice, if you want to invest in 1 property or 10 that’s your choice to do or not do what it takes to make it happen. Happy investing mate 😊