Ep 4 Investing in Property (part 3): Going from one property to two, good and bad debt, never sell

Going from one to two properties is perhaps the hardest step when building your property portfolio. It’s a step that many don’t make, but when you do, it immediately puts you in the top percentage of wealthy people. Kym Nitschke, property investor and accountant, helps you make the jump with his insightful tips. Kym talks about the importance of having a strategy, and what you can do to get the best valuation possible in your first home (so the bank will lend you money for your second!). He talks about good and bad debt, how to finance your properties and the tax considerations. Kym has a key strategy: Never sell. He tells you why, in episode 4 of Accounting Insider. 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 Want to connect with Kym? Visit accountinginsider.net & nitschkenancarrow.com.au Hosted and produced by Andrew Montesi, Apiro Consulting. Visit apiroconsulting.com