Ep 2 Investing in property (Part 1): Getting started, finding the right property, renovation value

Kym Nitschke turned a small herd of cattle into a multi-million dollar property portfolio. The relatively small sum of cash from the sale became the deposit on his first home, bought as a 21 year old. Getting started is one of the toughest issues for many would-be property investors. In this episode, Kym offers his tips for first home buyers, including finance and the type of property best suited for kicking starting a property portfolio. Kym, who also has a building licence, says renovating his properties has been key to his success. He shares lessons learned, and potential traps, for those who are looking at DIY options. Tune in for valuable property development tips. The property series will continue in following episodes. Connect with Kym at accountinginsider.net Nitschke Nancarrow Accountants - nitschkenancarrow.com.au Produced and hosted by Andrew Montesi, Apiro Consulting - apiroconsulting.com About Kym Nitschke, accountinginsider.net: Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesman, Kym uses his decades of experience to develop plans for prosperity. As a Fellow Chartered Accountant qualified in financial services and mortgage broking, Kym offers holistic financial advice. A big believer in disruptive technologies, Kym has also developed his own accounting software and is a Xero certified adviser. More than just an accountant, Kym is successful property developer, builder and business mentor. Applying the advice that he gives clients daily, Kym has turned his first property purchase into a multi-million dollar residential and commercial portfolio. And as a qualified builder, he’s not afraid to get hands on with his property developments. As a proven success, and with diverse experiences and expertise, Kym is also a respected mentor to a number of business owners and entrepreneurs. Fellow Chartered Accountant Bachelor of Commerce (Accounting) Bachelor of Economics Xero Qualified Certificate IV in Financial Services Diploma of Mortgage Broking Management Credit Representative of BLSSA Pty Ltd