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https://www.youtube.com/watch?v=tuz3m5upSy4 Some experts claim there is an ideal percentage of renters in a suburb vs owner occupiers. But what does the data actually say and what is the best % of renters in the suburb we are investing in? Select Residential Property DSR Data Read this article: https://selectresidentialproperty.com.au/busting/whats-the-ideal-tenant-to-owner-mix/ 0:00 - Introduction1:00 - Why people speculate that this is important3:25 - What does the data say (2 years)5:30 - 7 years of data5:50 - 12 years of data6:33 - Is this something to consider for suburb growth?9:00 - Why might this happen?11:10 - How to find % of renters in an area Recommended Videos: Property Data Dive Series Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00Some experts claim that there is an ideal percentage of renter's in a suburb versus owner occupiers where you want to invest in suburbs that have just the right amount of renters and just the right amount of owner occupiers. And not one way or another, that it's going to give you, you know, the best chance of renting your property and the best chance of selling your property. But what does the data actually say about what is the best percentage of renters? Do we want a high percentage of renters? So there's lots of people in the area to rent out property? Do we want a low percentage and mostly owner occupiers, which means there might not be as rental properties in the market? Is that going to be hard to then rent out the property? How does all this affect us? So today, I've got with me, Jeremy Shepherd from select residential property to talk through the data and to say, Okay, what does the data say about percentage of renters versus the growth that an area is likely to help? So thanks for coming on today, Jeremy, Jeremy 0:56thanks for having me on your show. Right. Ryan 0:59Okay, so what does the data tell us about this Goldilocks zone of just you know, the right amount of renters? I think, if I've ever heard it, which I don't know if I have, but it would be like around that kind of 20 to 30 35%. Mark, and then people say, you know, anything that's too high renters is probably not good. Jeremy 1:20Yeah. Well, there's there's an argument where you say are too high renters means? There aren't enough owner occupiers taking better care of their property. There's too many other landlords you competing with over the over the other, the tenants available. And then the opposite is some people are arguing. Well, if there are no tenants there, how do we know that that anyone wants to rent there. But that's really just a case of, there's no supply of rental property, I would much prefer to buy in a location where, where there are no other landlords I'm competing with. But anyway, that's all very good data, we Ryan 1:56heard from at least one expert in the field that has said you want to target suburbs with this range of renters. And you don't want to look in suburbs that have really low percentage of renter's because it can be hard to rent out your property. And I remember looking at that thinking, I don't know about that video that you and I have done on population growth versus capital growth. And the fact that, you know, population growth just kind of indicates the supply that already is existing and has been built over time, because people are waiting in the streets in order to move into a suburb or anything like that. If there's no houses there for them to move into. So when I think about rental demand in a market, I don't really look at percentage of properties that are rented, I would look at vacancy rates in the area. And I would think if there's less rental properties available, assuming the area still has good fundamentals, then you know, I I'd rather that area, because then you're the only rental property. And so Jeremy 3:00right. Yeah, exactly. I mean, what what do you what are you looking at when you see all 0%? renters? Some people are thinking, or nobody wants to live there. But what about all the owner occupiers that represent the Ryan 3:14hunter, they want to live there? Yeah, I Jeremy 3:16think they do. Anyway, that's all just theoretical. Let me go down to what the data says, oh, by the way, this, this all comes from census data. So there's an image of the question in the census. I don't know which census what that was taken from. But it's Yeah, do you rent Do you own? There are actually about eight or nine different categories that the OBS puts it into? Ryan 3:38It'll be good to have new census data soon. Because Oh, yeah, we Jeremy 3:41got one coming out this year. Yeah. The thing is that I published that data until about a year after census night. So still a rain Ryan 3:49winning. Jeremy 3:51Yeah, so some of this data can be out of date by Well, at best case, a year or worst case, almost six years. Anyway, this chart here is showing the growth versus the percentage of renters so you can see the this horizontal axis down the bottom. Over to the right, you've got far more renters than owner occupiers. And back here, we've got no renters. This is just owner occupiers. And then on the vertical axis on the left, it's the capital growth that occurred from 2016, which was the last census to when I calculated this these capital growth, which was 2018. So I think it was August 2016. So this is only over two year period, as you can see that the general trend is that the lower the number of renters the percentage of renters, the higher the capital growth. So if you have really high percentage of renters even over just a two year period, you're going to get less less capital growth. Yeah, Ryan 4:52you have taught me Jeremy to not that is, you know, two years old or five years old that you This could just be this certain market at this certain time, or is this I guess this is National, right? Jeremy 5:05It is National. But you do have a point, it could have been at a particular era in Australia's residential growth history. And this data might not show the same correlation to a different period. So very good point. So what I've done is I went back to the prior census, this is 2011. Now and we're looking at seven years of capital growth instead of just two zeros a Ryan 5:33bit better than Jeremy 5:34Yeah, so. So this is another case. But again, you can't just rely on this one chart, but it's telling the same story, the lower the proportion of renters, the higher the capital growth. So I did this one more time, just from 2006 to 2018. This is a longer period of time. And you see how closely the relationship models that trendline there the dotted line? So there is an answer to this question. There is an ideal percentage of renters in a property and it's it's 00. The only landlord fighting over tenants, if there are owner occupiers. It's because people want to live there. If there isn't a rental property there. Well, you can supply one and your property will be in demand. Ryan 6:23Yeah, because people want to live there, but they can't buy into it. So they would be happy to rent there. Jeremy 6:29Yeah, yeah, exactly. Ryan 6:31I'm shocked seeing this data, because I guess we've done so many videos where everything I thought was true, you debunked it. And now you're kind of showing me something that could actually be an indicator of growth over the short to medium term, you know, this is going on 12 years data here. So is this something that you would factor in when looking at a property? Jeremy 6:53Yes, yes, it is I, I work at the suburb level, and then I'd have pick any property in that suburb. But it to me, once you've found that suburb, there's 80% of you your job, at least 80%, maybe more 90% of your job is done. I don't really write asset selection too highly. And I definitely use this metric to help me in choosing the best suburbs. So I don't want to be in a suburb that has a high proportion of renters. But there are so many other metrics, you got to look at all look at more than 17. And this is just one of them. But it's definitely with all the videos and to look at. Yes, yes, we've Ryan 7:37done a lot of videos correlation here on this graph. I'm like, Okay, yeah, as someone who's looking to invest in the short term myself, this is definitely going to be a factor that I consider to say, Okay, do I want to invest in this suburb or not? And if the suburb has a high percentage of renter's, then I'm definitely going to or away from that. And to look for suburbs with lower percentage of renters as well as a bunch of other factors as well. So I'm not like, I'm only going to buy in suburbs with 0%. renters because you got to overlay on that market timings, you know, the larger region, and then vacancy rates and so many other factors that we talked about in other videos, as well. But yeah, this I'll definitely be considering this one. Jeremy 8:21Yeah. I've never found a suburb that had perfect metrics across the board. The proportion of renters was zero, the auction clearance rate was 100%. vacancy rate was, well, you can't calculate it for zero renters. So yeah, you've you've got to weigh up well, which metrics are more important? So you're never going to find a market? That's, that's perfect in every way. You are. If you do, it'll be out of your price range or, yeah, so that's not going to happen. And typically around Australia, the average is around about that. 30%. So most suburbs sit at about 30% 1/3 of the of the population are renting, roughly. Ryan 8:59And can you bench Why? Can you speculate why this might be the case? Like I have my ideas, but what do you think why do you think when there's a low percentage of renters, you've got a higher chance of good growth? Jeremy 9:12Yeah, it's a it's a good question. I'm thinking that it's probably because owner occupiers they take better care of their properties,

https://www.youtube.com/watch?v=YveECmSbbNY In order to get the best return on investment we are told to invest in the right suburb so over the long term they will outperform other suburbs over the long term. But what I'm starting to see is that a lot of suburbs tend to perform extremely similar over the long term. Read this article: https://selectresidentialproperty.com.au/busting/apples-oranges/ Select Residential Property DSR Data 0:00 - Introduction0:58 - How comparing apples to oranges applies to property investing2:08 - Why doesn't extreme growth disparity happen?4:40 - Chance of better than average capital growth over the long term8:35 - The positives and the negatives of above average growth being hard to achieve9:25 - How can we get above average returns as an investor13:00 - Differences between 1 year, 5 years, 10 years and 25 years growth14:43 - What are the chances of picking a high performing market over 15 years vs 5 years16:40 - Can you determine high performers over the long term (30 years)19:10 - Radical vs marginal difference in price Recommended Videos: Property Data Dive Series Does Past Growth Predict Future Growth? (Property Data Dive) Good Schools and Amenities DON'T Create Capital Growth! SHOCKING RESULT! Transcription Ryan 0:00In order to get the best return on investment and achieve our property investment goals, we're told to invest in the right suburbs so that over the long term, they're going to outperform other suburbs. And you're going to end up you know, so much richer than if you purchased in the wrong suburb. But what I'm saying to say what image Jamie Shepard from select residential property is that a lot of suburbs in general, tend to perform very similar over the long term that yes, in the short term, there can be big disparities between suburbs. And there can be value in you know, picking your suburbs for the short term. But when you start stretching it out to 20 3040 years, a lot of these suburbs especially the choosing suburbs, with good fundamentals tend to perform extremely similar. So I guess this is kind of looking at short term versus long term investing. And Jeremy has got a great metaphor and analogy that can help us understand this, which is the concept of purchasing apples and oranges. So do you want to lead us into that, Jeremy? Sure. Jeremy 1:03Thanks. Thanks, Ryan. Thanks for having me on your show. No, all right, let's say you walk into a fruit shop 100 years ago, and there's a crate of apples, and there's a crate of oranges. Now assume that the apples were one cent each and the oranges were two cents each. If the apples grew at a rate of 4% per annum, whilst the oranges grew at a rate of 8% per annum, then after 100 years, an apple would cost you 50 cents. And an orange would cost you $44. Ryan 1:36Okay, imagine the beginning. Did I just start out at two cents? Did you say Jeremy 1:40yes, oranges for two cents. Ryan 1:43So in the beginning, oranges were worth twice as much as apples. And then in the end the end after 100 years, if they continue to have this disparity, and they grow the 4% apples versus 8% oranges in 100 years time, the owners are now worth 88 times more than apples. But why? Why doesn't this happen? Jeremy 2:05Okay, well imagine walking into a fruit shop right now and you've got a hankering for some fruit. You're looking at apples 50 cents each, or oranges $44 each. You just you'd have to be mad keen on oranges to spend 44 bucks on one. Right? So Ryan 2:23that week, most people wouldn't spend $44 on oranges. I don't know if you remember years ago, when there was the banana shortage $3 for a banana? I remember going months without a banana and then going in and just buying one banana. Jeremy 2:40Again, well, I guess yeah, it all comes down to supply and demand. Ryan 2:43I guess during that time period, I bought way less bananas than I would buy now when they're really cheap. And so I guess a lot of people would do the same thing, which is you're saying, you know, at some point along this journey, oranges get so ridiculously expensive that no one's gonna buy them. Jeremy 3:00That's right. Yeah. And so they look for an alternative. And that, of course subdues, the demand for oranges reducing their growth rate, and increases the demand for the alternatives, which could be apples. And so what you find is that eventually, things balance out apples and oranges grow at the same time, right? It's still an apple, it's still an orange, nothing's changed. They're still as equally desirable. He's perhaps someone Ryan 3:27Well, I'll just gonna stretch out this analogy a bit. Because, you know, we might go through a period where there's, you know, some, let's say there's a social media trend about oranges, you know, so everyone's going out and buying oranges. They're super popular, although there's an orange shortage because it runs on Tick Tock or Instagram, with their oranges. They grow up in value, you're out outpacing apples, but then eventually they grow to the point where you know, people are like, okay, yeah, this is an rnc. Or, and then and then apples might have a trend. And then they might grow faster than oranges at some point as well. But eventually, over the long term, they'll kind of end up similar at a rate to, you know, apples end up at 50 cents, oranges might end up at $1 to one ratio, yeah, over time. And then bringing this back to property, which is what this is all about, is that properties that start more expensive, maybe they were just always more expensive. And in the future, they'll still be more expensive compared to cheaper ones, but that ratio was still sort of be the same. Jeremy 4:32That's right. Yeah. And over the long term, that's, that's what we see happening. And there's a couple of charts that I can show you about that. So this chart here is it's a chart showing the probability you've got of getting a particular capital growth rate over a one year period. So the tallest bar that you see in the middle there, that is the sum of all the percentage of all properties property markets around Australia over the last 30 years, that in any one year period had capital growth between zero and 5%. So the vast majority have, you can see, those three or four tallest bars somewhere between minus five and 15%. Now there's a chance if you just randomly choose any property market, that on the far left, you could have had minus 20 to minus 15% capital growth, but it's unlikely that's the lowest probability, go over to the far right. And you can see that there's a slim chance, you could have had 25 to 30% capital growth. So that's gold. Yeah, that would be awesome. But it's only over one year. Now I did the same thing. But using a two year capital growth, period. And you can see that the the chart is a little bit narrower, the ones the toolbars, are dominating more so. And there's even less chance of you having minus 20% per annum capital growth over two of those atoms. And here it is for four years. And you see now a trend starting to emerge becomes clear, after eight years, there's very little chance of you having extremely high ladies above average capital growth over an eight year period. And when we go to 16 years, it's it's it's a really what we're saying is that over a period of time, time is the great leveler of capital growth, everything just starts to to have roughly the same capital growth rate. Now, you'll always find outliers, you can see there's a little sliver of hope that over an incredible 16 year period, there has been a property market that has had somewhere between 25 and 30% capital growth per annum over 16 years, which is phenomenal. But your chances of picking there. I mean, that is absolute outlier territory. Yeah, the what you can expect over 16 years. And I didn't show a chart for 32 years, because it's really quite boring. Did I share a chart? No, I didn't for 32 years, it's really just a single column. And there's nothing I you should Ryan 7:14have shown that chart because it would just emphasize even more that the 32 year mark, everyone just kind of comes together. And the growth rate is extremely similar. Jeremy 7:24Yeah, so. So this is just highlighting that. There's this concept, that the longer the growth period, the more likely it is that you're going to have the same capital growth as the next investor, regardless of which suburb you you invest in. So if you've got time on your side, you know you're a young investor, that the key is to just get in early, but you're not going to really outperform so you don't have to get this analysis paralysis. It's more a case of Eeny, meeny, miney, moe. Ryan 7:57Yeah, well, like you and I have been talking about we know people in our lives, our clients that you know, have been ready to invest, but they've undenied about maybe it's market timing, maybe it's the suburbs, they're just not sure they're not ready to kind of pull the trigger. And I feel like then they just miss out on a whole bunch of growth over a certain year period. And especially if you look at, you know, the long term, even if they pick the wrong market in the beginning, over the long term, chances are that it's all going to converge together anyway, and work out. So I see this as both a positive and a negative. Because if you're just looking to, you know, build a property portfolio over the long term, get good growth, you know, maybe build financial freedom through your portfolio, it's like, Okay, this kind of like eases the tension in me that I have to pick the best suburb, otherwise, I'm screwed. So easy as that. Because you know, the chances of me getting above adger, average growth is so slim, it's like, as long as I can land in the middle, I'm going to be successful, and I'll be fine. Yeah. But then on the flip side of that,

https://www.youtube.com/watch?v=T10DA4fZUO8 I might be able to buy my first investment property in the next couple of months. I am finally saving my first house deposit. It has been a long journey and this episode I want to take you on a journey of the property deposits I have saved in the past. But why didn't I buy property in the past and what am I doing to save my deposit today? Book a Free Property Strategy Session - https://onproperty.com/strategy 0:00 - Introduction1:33 - Where I'm at now2:22 - My 1st Deposit (Age 16)5:21 - My 2nd Deposit (Age 25)8:47 - My 3rd Deposit (Age 28)12:05 - My 4th Deposit (Age 31)18:58 - Getting Out of Debt21:55 - Saving My 5th Deposit23:39 - Do I Regret Not Buying Property In The Past?25:00 - It's Never Too Late To Get Into Property26:30 - Building a Large Portfolio27:32 - Property strategy session= Recommended Videos: I Lost Thousands in Cryptocurrency…Here's What I Learned How I Paid Off $100,000 of Debt in 2.5 Years Financially Free at 32…Again Transcription Ryan 0:00I might actually be able to buy a property my first investment property in just a couple of months, which is super exciting. I am finally saving my first house deposit. This is not the first deposit that I've saved, but Fingers crossed, this will be the one that will actually get me my first property. It is absolutely amazing what a difference a couple of years can make. In this episode, I want to take you on the journey of the deposits that I've saved in the past which I've actually saved quite a few and never purchased property. why I did that? Do I regret it? Because, you know, I could have purchased property probably around 15 years ago, which obviously would have grown But why didn't I What happened? And then what am I doing to save my deposit today. So grab yourself a tea or coffee or water and settling because it is storytime This is my journey. This has been a long journey and an arduous journey. But hopefully this will encourage you to go out there and to say that, even if it doesn't happen overnight, if we have a plan, if we strategize if we work towards it, we can get there eventually. And we can have an amazing life along the way, which I actually think is more important than buying the properties. I think the most important thing is having the amazing life, you buy properties as an insurance policy to give you financial freedom to give you choices in order to do that. So now I'm saving my deposit probably got around about the 15 to $25,000 put aside for property, I'm looking at buying something around about 350 to $450,000, with maybe a five to 10% deposit. So I probably need anywhere from around 17 and a half 1000 up to $45,000 for a deposit plus stamp duty and closing costs. So you're looking at another what maybe 1015 $20,000 in order to save for those closing costs. So I'm actually not too far away from purchasing my first property, hopefully in a couple of months. But let's go back and look over my life and see what got me to this point. Why haven't I bought property yet? What sort of things have I done along the way? So my first deposit was saved before I was 18. So I remember going driving out to Lythgoe with my dad at age 16 I had around $20,000 in cash, looking at properties around about the $100,000. Mark. So you're looking at 10 to 15% deposit plus closing costs there. I had the money in order to do that. So looking at those properties. The thing that was difficult for me at that time, being so young, only having a part time job was just serviceability, right. I couldn't get a loan in order to purchase these properties. And that really held me back at that time. I think if a bank was willing to lend a 16 year old $80,000 or $90,000, in order to buy a house, then I would have gone ahead and done that then and purchased a property in Lythgoe, what, 15 years ago, no, 17 years ago now. And we'll probably I don't know if I'd still own that property today. But that would have been the start of my journey. So that didn't happen. I wasn't able to borrow money. And then in my late teens, early 20s, when I was thinking about what career do I want to pursue, I knew that I wanted to be an entrepreneur, I knew I wanted to make money online. So again, I continued to work, just casually just part time while I tried to build up my business and make this dream a reality of working full time online. So again, my service ability suffered. I also had met an amazing partner, we decided to get married. And so around that time, the deposit that I had saved, got used for things like just living expenses, going on holidays, doing fun things. I gave some of that money away as well, a big chunk of that I actually gave to a cause that I believed in at the time. And so quickly that deposit went from existing in my bank account to not existing to the point where when we got engaged, I actually had to sell laptops and basically sell everything that I own in order to afford the engagement ring to present to who would become my wife so that was first deposit Sade and first deposit gone and then we started married life in a fair amount of debt because we went on a trip to Thailand, we both had credit cards that were given to us by the banks because we're earning okay money and those credit cards quickly filled up as you do when you're not a good money manager. And when you're young so went into marriage with Probably around 10 to $20,000 worth of credit card debt because of this holiday, and previous credit card debts that were combined together, so not after the best, that's for sure. And I was working online trying to build up my business, doing some freelance writing, not making much money. It wasn't until I got a full time job, then moved into a pharmaceutical company, got an internal promotion and started working as a pharmaceutical rep that I started, well, we paid off that debt and saved our second deposit. So that job was really cool because it was 6040 in terms of salary and commissions. So 40% of my salary was in Commission's that were paid once a quarter. So what that meant was that we lived off the 60%. And we got by on the 60%. And if I hit my targets and got my commissions, which I did most quarters, that money would go towards paying off debt, and then go towards saving a deposit. And so what we had done is we paid off and cleared all of our debt, we had started saving a deposit, we were one commission away from a deposit, which I would get paid later. And so we were basically there, right, we had started looking at properties on the Central Coast, which is where we lived stuff around the early $200,000. Mark was the pricing at the time. And so we didn't need a huge amount of money in order to get into the market. And that was when I quit my job and went full time online. I had always wanted to live in Queensland, but my wife at the time, didn't want to move that far away from family, we had already moved up to the central coast, so two hours out of Sydney. And we were living up there. So we can still drive back and see family. We went on a holiday to the Gold Coast with the kids. And then she was like, Okay, I'm ready to move up here. But my condition is that you get a job up here before we move. So I actually did a bunch of interviews, and I did secure a job in marketing in Brisbane, that would have been a similar income to what I was on as a pharmaceutical rep. But what I really felt in my heart was that I wanted to go full time online, I'd built up my side business to be earning around 500 to $1,000 a month. And I felt like with full time dedication, I can make this happen. And we have this savings, we have this deposit, let's actually give this a go. So I quit the high paying six figure job to go full time on a business that was making 500 to $1,000 per month like that was absolutely crazy. And I'm pretty sure that was October 2013. So that was around eight years ago of the time of recording this. And so what happened was we we moved up to Queensland, we did it, I went full time on my business, I got some government support. But the savings that we had got spent on living and getting by my wife at the time, she worked a part time job in order to give us some money as well. And so those two years, those first two years were really rough, because I wasn't earning a lot of money, she wasn't earning a lot of money. And the business was only just starting to grow. And I think back then I didn't realize how the business grows over time and the delay of 12 months to two years before you start making good money. So in hindsight, with the experience I have now I probably could have approached that differently. But regardless, those two years were tough. And it was really in the second year, or the end of the second year that things started to take off. And that I was actually able to start making good money again. And I actually became financially free through my business when I was 28. So five years ago now though the first few years were a massive struggle, then it started getting good. And by year three or four, the business was actually earning enough money by itself that I didn't need to work. And at that point, we could have saved a deposit. We were on the Gold Coast, we'd been there for around three, three and a half years. But we were both just miserable at the time. And so it's like, okay, we know that we can save a deposit and actually purchase an investment property or purchase a home to live in on the Gold Coast. financially speaking, that would probably be the best decision to make at the time. And we did think about that and talk about that. But we also reflected on our lives and our community on the Gold Coast and thought we're just both really unhappy right now. And we looked at the other people around us who you know,

https://www.youtube.com/watch?v=XSrDuSuILAs We are so often told that if we want the best capital growth our property needs to be close to amenities. Good school, train stations and shopping centers or other public transport are often touted as key indicators of future growth. But what does the data actually say about the affect of amenities on the capital growth of a suburb? The results from this one are extremely surprising. Read this article: Select Residential Property DSR Data 0:00 - Introduction1:40 - Key idea: Price has already factored in existing amenities, which does NOT lead to more growth4:00 - How expansion of Brisbane airport affected prices short and long term4:45 - Do train stations affect capital growth7:55 - Be careful of starting and ending points of statistics8:30 - Do school affect capital growth11:00 - How do beaches affect capital growth12:55 - How does proximity to shops affect capital growth13:58 - How does walkscore affect capital growth?21:24 - What do we do with this data?26:04 - Price variability over time Recommended Videos: Property Data Dive Series Transcription Ryan 0:00We're often told that when you're buying a property to get the best capital growth, the best return on investment, you want to look for properties that are close to amenities close to really good schools, close to shops and shopping centers, close to public transport. How many times have you heard people say, you know, this is a great suburb because it's got all of these factors in it. But as an investor, what we care about is the return on our investment, how much is that property going to grow? How is it going to perform? And so is this actually important? And today, I've got with me, Jeremy Shepherd from select residential property to actually dive through the data on this one, yes, it makes logical sense that we want these amenities there. But does the data actually back up this idea that this is going to lead to higher than average capital growth? So I'm excited for this on Hey, Jeremy, how I Jeremy 0:50can hire Ryan, Manuel, how are you? Ryan 0:52Yes, very good. I'm looking to buy a property in the very near future. And this is obviously something that I'm thinking about and considering when looking at suburbs is to say, okay, what's the suburb? Like? What are the schools like in the suburbs? have close to the shops have close to the transport, basically, trying to get an idea of, you know, why would people want to live here? And will they want to live here in the future? And does it have those desirable things, but I'm thinking you're going to tell me something different given? You've done the data analysis, and there's an article on this? Jeremy 1:26Yeah, good, good guess. Yeah, look, it's not a complete waste of time researching this sort of stuff. But there's, there's a very clear caveat to it. It's not automatic, that if you're buying in a suburb with good schools, shops, transport, all those amenities, that you're going to get above average capital growth. The key is whether that amenity is new or old. So the whole principle here is that if the suburb has all these great amenities, then it should be that properties in that suburb are very expensive, because this is a desirable place to live. But the price has already factored in the benefit of those amenities being there. Let's say for example, you get a new train station that comes into the suburb, what's going to happen is the suburb is now more desirable, people start paying more to have that, that benefit of being within say, walking distances, TradeStation. But after a few years, once it's factored into the price of properties in that suburb From then on, it's just it's business as usual, the capital growth carries on pretty much the same as any other suburb. So it's always a short term thing. And I did some research to look into some of these, these things like, like transport? Well, let's Ryan 2:49have a look. Let's type people through the data and see what the data says from from what I'm hearing about, what you're saying is that, like we talked about in a previous video on public housing, is that if something negative comes into us other, like you mentioned, a sewage treatment plant, or if a new airport gets built, and there's planes flying over, then that's other can be reduced in value, or the growth can be slowed over the next multiple years, maybe three years, maybe five years. But then you're saying what happens is eventually, that eyesore or that issue is factored into the pricing. And then that suburb is just going to grow in line with basically the surrounding area. And I guess what you're saying here is that the opposite is true is that if you've got a suburb that doesn't have amenities, if you add those amenities, making the suburb more desirable that lifts the price in the short term, you know, maybe three to five year mark, I'm not sure. But then once that's lifted, that's because those amenities are factored in. And then yeah, so that is just kind of business as usual, the suburb would likely grow in line with kind of surrounding suburbs Jeremy 3:55and the region. Yeah, exactly. And that one, you mentioned with the airport there, I think you're referring to the study that Queensland University of Technology did on the expansion of the Brisbane Airport to become an international airport in the 80s. And they wanted to see how the new flight path would affect the growth in properties of suburbs affected that is sitting under that flight path. And they found that that had deteriorated capital growth over a period of about four years. And from then on, it was it was business as usual. In fact, they actually caught up to many of the other surrounding suburbs in Brisbane. So it showed that a negative amenity influenced capital growth, but only for a short time. Yeah. And what I've done here is I've had a look at train stations in Sydney and I wanted to see a suburbs that are on the train line within walking distance over the train station. Excuse me. Are they have they outperformed over the long term is simply being near a train station. A good deal? Yeah. This chart shows the green line is the performance of suburbs that are not near a train station non non train station suburbs. And you can see that they have been pretty much neck and neck with station suburbs over the last 30 years from 1990. Now I did this analysis towards the end of 2018. So that's why it chops off there. But you can see there's there's nothing in that that's a very significant period of time, if there was to be a performance benefit of being near TradeStation, you would see something significantly different than what we're looking at, right here. Ryan 5:39Well, that there was a performance difference over the long term, you would see these lines start to separate and diverged from each other over time, and you would expect the station line to be higher than the non station suburbs. And so you know, what we're seeing is they're tracking very closely together, sometimes they're touching each other, sometimes the non station is above, then they touch each other again. So it's very neck and neck right up to, you know, 2018 over there. What's that a 30 year period, nearly Jeremy 6:0820 years, 30 years here, roughly 30 years. And I did the same thing with Melbourne. And there is actually that divergence that you're talking about here. But it's it's not a huge divergence, for starters. But this, this chart would tend to suggest that there might be something in it because of that divergence. So So what we've got at this stage is we've looked at two cities, two largest cities. And in one case, it does look like there's nothing in it. And then the next case, it looks like there might be something small in it over 30 years to have a gap of around about I think that's $200,000. That's, that's not really significant. But there is an argument there Ryan 6:46is a decent gap. If you're investing in something for the long term, you'd rather be $200,000 richer. That's wrong. Oh, yeah. But I can see so someone just looked at this Melbourne statistic, they would just say, Okay, yeah, being your train station means you got a better chance of getting a return. Jeremy 7:02Yeah, so I thought it's, it's one for one again, so I'll look at Brisbane. And although it looks like there's a divergence there, what's actually happening and and people get confused about this, when they're looking at these sort of compound growth type charts, particularly over a long period, like 30 years, you'll notice that throughout the history, they were they were neck and neck. And there were times when station suburbs would get ahead of non station suburbs. But then there'd be a catch up. And I suspect that there's another catch up probably probably just here at the right hand side of the chart. So I don't right that that gap there is meaning anything. So at this stage, there's nothing really conclusive about train stations outperforming Ryan 7:51the cutoff period is super important. And this is something that I've learned for you is that you can prove any point in property that this creates more growth than this, if you choose the right starting point and the right kind of point. And then you can make them look amazing and prove your point. But if you choose a different point, you know, you can make the opposite to be true with the graph as well, if you just choose different starting points and different ending points. So that's something people really need to consider when looking at statistics like this. Yeah, so Jeremy 8:21at this stage, I would say that it's inconclusive. But But let's keep going. The next thing I looked at was schools. So try size is just one amenity. Melbourne is known for its its fine schools. So this is a similar sort of plot.

https://www.youtube.com/watch?v=f3PVAUKovuQ Let's talk about bad debt and how to pay off debt. I'm so grateful to say I am FINALLY in a position where I am debt free and now able to save a house. But rewinding to 2-3 years ago that was not the situation I was in. I quickly got into around $100,000 worth of debt. Here's how I managed to pay it off in such a short period of time. 0:00 - Introduction2:05 - #1: Write Down ALL My Debts3:26 - #2: Accept Where You Are3:48 - #3: Write Down All My Assets To Know My Net Position4:20 - #4: Calculate Minimum Required Payments5:37 - #5: Cut Spending DRASTICALLY7:23 - #6: Increase Your Income10:20 - #7: Keep Expenses Low Even As Income Increases11:19 - #8: Create a Buffer Fund14:04 - #9: Have Great People Around You Recommended Videos: How I Got Myself Into Debt How I'm Paying Off Debt Transcription Ryan 0:00Let's talk about debt. Let's talk about bad debt. And let's talk about how to pay off debt. I'm so grateful to say that I am finally, finally, in a position that I am debt free and actually saving towards a deposit for a house. And I found out yesterday that I may actually even have most of my deposit ready and be able to go way faster than I thought. But if you rewind to about two, two and a half years ago, that was not the situation that I was in, I quickly got into a lot of debt, around $100,000 worth of debt once it was all tallied up. And let me tell you, that is a scary, scary figure. So in this episode, I want to talk about the things that I did to get out of such a significant amount of debt debt that was crippling debt that nearly sent me bankrupt. And so if you have bad debt and your life, whether it be as bad as me, or maybe just some credit card debt that you want to get rid of, what are some things that you can do to start to remove that debt, and actually get ahead in life? Hey, I'm Ryan from OnProperty, helping you on your journey to financial freedom. I'm currently at the beautiful garden falls on the Sunshine Coast. And it's taken me a lot of heartache, and a lot of hard work to get here. But I'm excited to share this story with you. I have been financially free through my businesses twice now been in extreme amount of debt and been able to pay that off. And I'm now saving towards my first property, which I should hopefully purchase this year. But if you're in this situation like I was in when you're in debt, how did I go about actually paying that off? and wiping that debt completely? Because I didn't do what everyone told me I should do. I actually tackled this my own way in a way that was true to myself. And I'm obviously really happy with the result having cleared that debt in just two years, but not just cleared it but also created financial freedom through my businesses, again in that two year period. So what did I do that was different? And what can you take away from this? Well, the very first thing that I did was actually sat down and wrote down all of my debts, I lived in denial for a little while thinking, Okay, now I just need to get by, I was going through a married separation. So there's a lot emotionally happening for me, I wasn't ready to write down my debts and deal with that. So I just kind of swept it under the rug, didn't think about it, and was just kind of going on in life. But one day, I remember sitting down in my dad's garage, which was my office at the time, line by line, I went through every debt that I owed from existing debt that I had payment plans on to money that I owed family members to future tax that I would have to pay, which I knew was debt that just wasn't quite jus just yet. I wrote it all down. And it was extremely overwhelming to realize that I was around $100,000 in debt, the exact figure I don't remember. But I do remember that feeling of looking at that and just being like, I am absolutely screwed. There is zero way that I can get out of this. What the hell, how have I got myself into such a mess. But I sat with that overwhelm. And I sat with that fear and terror, and just kind of asked myself, okay, what now? It's like, this is where you are, and accepting that this is where you are, was a big step for me and to just say, okay, pass, Ryan got you into this, as Ryan was a bit of an idiot. But this is you now, this is what you got to deal with? How are you going to get out of this. So I wrote down all the debts, I also wrote down all my assets and things that I could potentially sell in order to clear some of that debt. And I knew that I had businesses that I could sell and probably liquidate around about 50 to $60,000. But then I'd have to pay tax on that. So you kind of more looking at around maybe $40,000. So at least that took 100 grand down to 60 grand if I ever had to sell but that also kind of wiped the idea of selling my businesses, because it wasn't even going to pay off my debt in full. So I realized I need to work my way out of this next step. After I wrote down all of my debts was I looked at all of them minimum required payments on those debts. So this was just to keep me afloat because at the time, my businesses had gone through a downturn, I knew I needed to build these back up again from scratch, what's the minimum that I can pay on these debts so that I can stay afloat cash flow wise, that I can work out the next steps along the journey, which we'll talk about soon. So what are the minimum required payments? What debts Do I need to have payment plans on now? What debts Can I delay so debts, for example that I had with my mom, I was able to talk to my mom and say, Mom, I can't pay you back Right now I need to focus on debts that I have, like with the government, that's a pretty serious debt. Can we delay this payment? And can I pay you back later? And she was very gracious to say, yes, that's okay. And it was probably around 18 months until I started actually paying her back. So being able to delay some of those debts, putting minimum repayments on the other debts and stretching them out as much as possible. While isn't ideal, from an interest standpoint, for me at that point in time was really important, because cash flow was tight, and I needed to build up my businesses. The next thing that I did was I looked for every area in my life to cut spending drastically, we are talking as much as you can cut spending, cut spending. So I moved back in with my dad, that was a big one phone bill, you know, I had $120 a month on phone, I moved to prepaid, which felt like I was going back to being a teenager, again, paying for prepaid and went to around $30 a month. on my phone there, I caught Netflix, all of those sorts of subscriptions that I didn't need no gym membership or anything like that. Even my car, I really minimized down the insurance that I could, which probably meant taking a bit of a risk with a higher access. But I just was trying to cut my expenses, absolutely as much as possible. And along the journey, my car actually broke down and completely died, it was a ride off. And I didn't buy a new car, I was super fortunate to be gifted a car by my partner's family, an old little beat up car, it was a two door car, and to be driving around in that with three kids. So they've got to climb through the back. Look, it's not ideal, but I needed to cut my expenses in order to pay off debt as quickly as possible. So really going through your life and looking for ways to cut those expenses, shopping it outtie, shopping smarter, not going out as much making coffee at home was the big one. Not traveling at all, coming up to the Sunshine Coast is one of my favorite things to do, and to do for work. And I just had to cut that out. Because spending 500 to $1,000 for a trip away just wasn't something that I could do when I had so much debt. So I cut my spending drastically. And everyone told me Ryan, you need to get a real job. Now I was fortunate enough that I had businesses that were making me some passive income. So if I stopped working on the businesses, I'd still get some income coming in. Everyone told me go and get a high paying job in marketing, because that's what I'm good at is internet marketing. And to be fair, I did go to a few job interviews and didn't land any jobs. But I quickly realized that the way that I was going to get out of this was to actually build up my businesses and increase my income. So while I didn't get a job, I did focus on increasing my income. And I realized for most people, the best way to increase your income is through your job through getting a promotion through asking your boss for a raise through moving to another company or building up your skills so that you're more valuable. But increasing our income is absolutely key. For me, I didn't get a job, I actually went and worked at minimum wage in an espresso bar. So I was on the till I learned how to barista. I was working three days a week 6am to 12pm, just to get that short term cash so that I could pay child support so that I could pay for food for my kids and the basic necessities that I had in life. So I really needed that short term cash. But at the same time, I was focusing on growing my income. So I'd work six to 12 at the cafe, and I'd go home, and then I'd work you know 1pm until sometimes 11pm. At night, sometimes I only worked for five or six. And then I'd get up in the morning and do it again. Thursday, Fridays, I had my kids I couldn't work in the cafe. But I would work when they were at school, and then again when they were in bed, so constantly trying to grow my income. And that was what really enabled me to get out of debt. Now I've talked in the channel in the past about grow my income, how it was a long term process for the first year of work that I did, I basically got no return. But because of the way my business works, over time, you start to grow your income and get passive income. So I knew that this would work long term,

https://www.youtube.com/watch?v=_lMnvaDCPQ0 We are often told to get the best capital growth we should buy the more premium and expensive suburbs and avoid the cheaper suburbs.People things suburbs are cheap for a reason and are going to stay cheap. But is this actually true? Do cheaper suburbs actually underperform compared to more expensive suburbs. Cheap Markets Are Not Under-Performers (Article Link) Select Residential Property DSR Data 0:00 - Introduction1:23 - Why are cheaper suburbs cheaper2:59 - Cheap vs Expensive Growth Australia Wide5:26 - Cheap vs Expensive in Regions7:00 - Cheap vs Expensive in Smaller Regions8:30 - Cheaper suburbs always perform better no matter which way you look at it9:05 - Cheapest vs Cheaper vs Dearer vs Dearest12:00 - Cheap vs Expensive in Major Capital Cities13:17 - Looking at Deciles15:00 - Looking at a 40 year period16:30 - Cheap vs Expensive Yield17:13 - Why buying cheaper properties could be better than more expensive properties Recommended Videos: Do Properties Near The CBD Actually Get More Capital Growth? (Property Data Dive) Transcription Ryan 0:00We're often told in order to get the best return on investment when buying property that we should buy the more expensive suburbs, the more premium suburbs with the idea being that people in the suburbs maybe have more money. And so I know property's going to grow faster. But what about cheap suburbs? People often think, okay, they're cheaper reason, and they're probably going to stay cheap. But is that actually true to cheap suburbs, underperformed compared to more expensive suburbs? Or is the opposite actually true? So today, I have with me, Jeremy Shepherd from select residential property to actually look through the data and to say, should we be investing in the more expensive suburbs? Or should we be investing in the cheapest other? So hey, Jeremy, thanks for coming on today. Jeremy 0:43Thanks for having me. Ryan 0:45Yeah, this one is really close to home at the moment, because I have saved my deposit, I'm looking to invest in the next few months, three to six months, and looking at different options in South Brisbane for me, but there's the cheapest suburbs, you know, kind of around $350,000 that I can get into with a lower deposit, or there's more expensive suburbs looking at 450 to 550, where obviously, I need a bigger deposit. And so I'm kind of arming an iron between the two. So it'll be interesting to go through this and to see, okay, what could be better? Jeremy 1:19Yeah, well, first of all, they don't underperform. So they're cheap for a reason is true. They are cheaper because they don't have all the nice things that the expensive suburbs have. But that doesn't mean that they underperform just being expensive, doesn't mean that you've had better capital growth. And I think that there's this mistake, mistaken belief that if a suburb is expensive, how did it get there, maybe it had better capital growth, but it's always been more expensive. And there's this correlation between proximity to CBD and higher prices for suburbs close to the CBD in the map, major capitals more expensive than the suburbs get. But they've always been like that they've always been more expensive. And as property investors were not interested in whether our properties is is cheaper, expensive, but whether it has a capital growth, that's the that's what we're after. Ryan 2:11And exactly right. Because let's say I'm going to invest a million dollars over the next couple of years into property or buy a million dollars worth of property, I could buy three for around, you know, $330,000 each, or buy two for 500,000, or one for a million. But what I hear at the end of the day is how much they go up in value. I don't care about the individual property price and its ROI. You know, I think one of the best videos we've done together is whether or not proximity to the CBD does correlate to higher capital growth. And the difference there was very small and not as much as the experts say, so I'll link up to that one down below. But let's jump into the data here. Sure, cheap markets versus expensive markets and talk us through some of the analysis that you've done. So we can get an idea of which does perform better. Jeremy 2:59Yeah, so this, this table, as you can see here was an analysis of cheaper markets versus more expensive. So what I did is, at a start date, I split the entire nation up into two groups, you either had a suburb below the median, or above the median, that's the cheaper or dearer columns there is. And then I measured on Australia as a whole. Yeah, yeah. And then looking at every suburb, over whether it's three years growth, you can see there in the far left, gone, three years, four years, 510, or 20. And in every one of those cases, it was actually the cheaper market that that outperformed. But you'll notice that after 20 years, there's very little difference. So the capital growth rates is 7.3% versus 7.1%, which means Ryan 3:44we expect a three year period cheaper suburbs grow at 9.1%, whereas your suburbs are 6.7. So there's a big difference there of around, you know, two and a half 3%. And then once you get to 20 years, the difference is just 0.2%. Jeremy 3:58Yeah, and and, you know, there's errors involved in this sort of measurement. So that could effectively be the same. And you see this as people are trying to get into the property market. They're looking for cheaper alternatives. If they've been priced out of one market, they're looking for a cheaper alternative. So it makes sense that the demand is going to flow away from too expensive and towards cheaper alternatives. But over about 20 years, well, it's just going to even out and it gets more, more and more even the longer the timeframe is Ryan 4:30well that's in a future video, we're going to talk about short term investing versus long term investing and how, you know, it tends to be that most markets perform exactly the same over the long term when it comes to property. Jeremy 4:42Yeah, yeah. It's a startling insight, really, because everyone's sort of jostling to trying to eke out the maximum but if you're holding long term probably doesn't matter so much. Rather that you just get in early. Yeah. Anyway. I yes. Yes, exactly. I had a Look at this through some different different angles having a look at it from different angles. Ryan 5:05Well, that's because I think looking at Australia as a whole, you're gonna have Sydney and Melbourne. Just in general, the majority of those suburbs I can imagine would be above the median for Australia. That's right. You know, there's other smaller regional towns and things like that. Jeremy 5:22Yeah, so in this chart, I've actually split it up into areas. So the cheapest suburbs within this the same area as more expensive suburbs in the same area. And that area is called an essay for it's, it's from the Australian Bureau of Statistics, it stands for Statistical Area level four. So they just split the country up into all these these different areas. So it's it's commonly referred to as a, perhaps a region. So you might have, I don't know how many Sydney has it might have, say, a dozen of these sa fours. I think the there are only about 90 sa fours around the entire country. And it's based on population. So they're trying to make each one of these sa four regions large enough to encompass the same number of people. Okay, anyway, Ryan 6:15a kind of like Southern Sydney, inner West, CBD, Western Northern Beaches, Jeremy 6:22those sort of areas. Yeah, Northern Beaches is one of the the ESA fours. It will include a large number of subsets This is bigger than a local government area. Yeah. And as you can see from the numbers there, even when you are just looking at such cheap suburbs, in the same essay for as expensive suburbs, over 345 1020 years, it's still the cheapest suburbs that seem to to outperform. And again, this is probably due to people looking for cheaper alternatives in their local area. Yeah. So yeah, and I've, I've done the same thing, drilling down to sa three, which is roughly equivalent to a local government area smaller than an SI four. And you get a similar sort of stories. It's like Ryan 7:07a local council area sort of thing. Jeremy 7:09Yes, yes. But then you get like, a council, a mega council like Brisbane. Brisbane has just one Council. So the Australian Bureau of Statistics is trying to keep things a little bit more uniform, but not by geography size, by population, new people, Ryan 7:29with an essay three likely encapsulate, what does it Jeremy 7:33say, say a dozen. And he doesn't, it's hard to tell because if it's sort of regional markets, rural markets, you may have very sparse population may be a massive geography including an enormous number of suburbs or localities. And, and that just has enough population to comprise one, essay three, but then in Sydney or Melbourne, you might have an essay three that's, that's only over say 1015 square kilometers, because the density of population is so high. So it's, it's more based on on population. So it might not have you might not have as many suburbs in one, so three is another. But the same thing comes out in the data as you can see there. So we're really struggling now to find a case where cheaper is actually underperforming? Ryan 8:27Yeah. Firstly, when Australia as a whole, the cheapest suburbs in Australia as a whole, did they perform better than the more expensive suburbs in Australia? The answer was yes, they do. Then we went down to you know, there's essay for kind of regional areas, cheaper suburbs, still outperforms now gone down to even smaller essay, three areas, and the cheaper are still outperforming. So it's like no matter how you spend it, how large or small, you're shrinking your sample size, the same sort of thing tends to be true. Jeremy 8:55That's right.

https://www.youtube.com/watch?v=rk0Kl026uTU&ab_channel=OnProperty We are often told that if we are going to invest in property we want to find a suburb or street with low government housing. But is this actually true and does the data support this idea? Or can you invest in an area with high public housing and still get great growth in that area? Public Housing in a Suburb is No Big Deal Select Residential Property 0:00 - Introduction1:20 - Why this idea might be false5:08 - What does the data say?10:00 - Yield is not factored in11:25 - Something where there is a clearer trend13:30 - How to use data to build an investment strategy and predict where is likely to be good15:25 - Change in Gov housing vs capital growth Recommended Videos: How To Find Public Housing Hotspots In An Area Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00We're often told that if we're going to invest in property, we want to find a suburb, we want to find a street with low public housing or low government housing, the idea being that if people own the properties that they're going to invest in them and renovate them, and the suburbs going to go up at a faster rate than other suburbs where that public housing in them are a higher percentage of public housing. But isn't this actually true? When we look at the data? Is this the trend that we say, Oh, can you actually invest in an area with public housing and still get great performance out of your property? So today, I have with me, Jeremy Sheffield, from select residential property to talk about this, to actually dive into the data I'm gonna answer once and for all, as to whether or not this has a big effect on future capital growth or not. So hey, Jeremy, thanks for coming on today. Jeremy 0:50Thanks very much, Ron. And thanks for giving me the opportunity to talk about this topic. Ryan 0:56This is something that has been talked a lot about in the community, there's a lot of experts out there who say to avoid public housing, and honestly, I can understand the reasoning behind it, avoiding you know, issues that can come with that lower socio demographic area, as well as the idea behind, okay, people own the mall owner occupiers, they're going to spend money painting their house and renovating it. And that could live the suburb as a whole. So what does the data actually say? Jeremy 1:25Well, the data suggests that there, it depends, is it there isn't really much in it. So it comes down to how long the social housing has been there. Let's say let's say a suburb is to host the new cities, sewerage treatment works, you can imagine that capital growth in that area is going to be diminished over over the following years. But eventually, that lack of capital growth, while the rest of the city suburbs are growing, eventually be factored into prices. And this is the thing over a long period of time, just about any sort of amenity or eyesore or advantage gets factored into the price of property. And from then on, it's it's business as usual. Queensland University of Technology did an interesting study about Brisbane Airport in in 1980, there was an expansion of Brisbane Airport, there was going to be a new flight path that was going to affect suburbs under that flight path. And for about four years, those suburbs had reduced capital growth. But then after that, it was it was business as usual. So it took four years for that negative amenity, to have an impact on prices, bring them back in balance. And from then on, it was his business as usual. So if your public housing has been there for decades, it is well and truly already factored into the price of property and is having no impact on capital growth. Ryan 2:57So what you're saying here is let's say we have an area that has a very low percentage of public housing, the government decides, okay, we're going to move a lot of public housing into this area increase the percentage that could have a negative impact over a short period of time, because that's now less desirable, because of you know, the socio demographics of that area. But what's going to happen over the next couple of years, okay, maybe that's how it doesn't grow or goes backwards while the rest of the city grows, eventually, that's just gets known as you know, the price and the value that it's at, relative to everything else. Now that it's reached kind of its equilibrium, as the city continues to grow, it's probably going to keep pace with it. Jeremy 3:39That's right. Yeah. And when you think about it, let's say there was something very negative, like an enormous amount of public housing that comes to a suburb and it has negative growth, if that negative growth is going to continue, because it's got social housing, do you eventually get to a point in the future where property prices a negative, like people actually paying you to buy them? Obviously, there's got to be you use the word equilibrium, there's got to be some sort of balancing out. And that that is the price eventually it's factored into the price of property. So yeah, it's it's it's not such a big deal. And I Ryan 4:13actually something the opposite could be true if you have any oil with high public housing, but where the government is actively moving people out of the area, then you could get a boost in capital growth right in that area, which is something that I saw on the Gold Coast, I think it was Palm Beach, there was a lot of government housing in that area. And there were it was becoming a more affluent area. And so the government was wanting to move shift people West away from the beach to cheaper areas. And so you started to see this gentrification of this area, and it becoming more and more popular as there's less and less public housing in the area. It could have grown extra because of the change in that so yeah, Jeremy 4:51yes, it's all about change. Ryan 4:54I guess we're saying Yeah, changing public housing might affect future capital growth, but public housing percentages if they're stable, might not. So do we have any look at today, Jeremy 5:04or let me see what I've got here. Okay, so this is how we figure out whether it is social housing or not. This is from the an image from the census. Alright, so this is a scatterplot, every red dot, you see there is a suburb around Australia. And this is the capital growth from 2016 to 2017. So, the last census was conducted in 2016. So this is just looking at one year capital growth. What you can see on the horizontal x axis is the amount of social housing there is in a particular suburb. So at the extreme end, and I think, see that there the screen resolution is sufficient. But you can see a very high amount of social housing in this suburb here. And the vast majority of suburbs are along this line here, which means they have zero government housing. Yeah. Now, up this axis is the capital growth over the next year from 2016 to 2017. So, there's the zero point. So we had some negative growth in these suburbs here, and we have positive growth in the southern tier. Now. Right? pick out a trend there. Ryan 6:21No, I can't pick out a trend that's so hard, because you've only got one year of data as well, right. And especially with 2017, was an interesting year for Sydney and Melbourne as well. Jeremy 6:32Okay, here's where I'm pointing out, just like if we had very high, the right hand side of the chart is very high social housing, the bottom of the chart is very low capital growth. So you expect to see a lot of points in here, but there are none. Ryan 6:50That's if we if if it was true that more charging meant less capital growth, this is what we'd expect to see. And as you can see, Jeremy 6:58there's no dots there. And similarly, at the other end, you'd see, well, there are dots there, but it's not most of the dots. Most of the dots are sort of just scattered. This blue dotted line is the trend line. But like you said, it's only one year. So let me I think I've got more charts for longer years. So here's from 2012, to 2014. So the reason I'm picking these is based on when we had census data, you can see that it that it's narrowed, so the capital growth over the long term tends to narrow. And that's why we're not seeing the extremes because it's over a longer period of time. But again, we've got a pretty flat trend line there, which is saying there is no relationship between government housing and future capital growth. Ryan 7:44So that same there's a slight relationship like it looks like. Jeremy 7:50I mean, this is what you would say is statistically insignificant. So yes, there is a slight downward trend there. But it's it's so flat, that you couldn't really rely on it. That could just be an anomaly in the in the data and the calculations of capital growth. Ryan 8:05And as well, because when we're investing, we're investing in one house in one suburb, you know, we're going to be one of these red dots on the line. On this graph, we're not going to be the the entirety of the graph. Jeremy 8:18Yeah, and you can just see that the dots just aren't stretched out along either side of the line there. They're pretty much just random. So that's, that's suggesting straightaway that there isn't a relationship. That's over three years, from 2012 to 2015. This is over five years from 2012 to 2017. And this still isn't really much of a relationship. Ryan 8:43Now, even if you scroll back up or even looking at the date. Yeah, this one you look at the lowest performing suburb is actually quite low in government housing. Jeremy 8:52Yeah, that one, Will those Ryan 8:54last ones down there quite low in government housing, compared to you know, the ones that are extremely high? Jeremy 9:01Hmm. So if if there was a relationship between highest social housing and lower capital growth, we would, we would say, a line going from the top left,

https://www.youtube.com/watch?v=z2TkAOaidtg&ab_channel=OnProperty Experts often tell us that the more a suburb has grown in the past means that suburb is more likely to grow in the future. But is that actually true and does the property data back up this idea: High Property Growth History is a Red Flag Select Residential Property 0:00 - Introduction1:38 - Why the opposite might actually be true4:45 - What does the data tell us?9:50 - Last 10 years vs next 10 years12:15 - Applying this to cities and larger markets15:00 - Performance of significant urban areas over the last 30 years Recommended Videos: Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00Experts often tell us that the more a suburb has grown in the path or a suburb with good growth history means that that's above is also likely to grow in the future. So does the past predict the future in terms of Southern growth? But is that is that actually true? Are we actually making these decisions based on data? Or someone just told us this and you know, general consensus has just kind of agreed to it and gone along with it. So today, I have with me, Jeremy Shepherd from select residential property, to look at the data behind this and say, okay, does pass growth actually predict future growth? Or could the opposite be true? And I absolutely love Jeremy, that you just take a super data approach to this. And you're happy to, I guess, come over the top with some, I guess, counterintuitive views on what may be happening here and just provide us with these knowledge bombs of insight. So super excited for this one. Jeremy 0:56Yeah. Well, thanks very much for having me. on your show, Ryan. And this is this is a topic that I I get a lot of heated arguments with, with experts about Yeah, so I'm always falling back on what the data says Show me. Ryan 1:10What is the premise here that the experts are saying, why why do they think that? If an area has grown Well, in the past, it's going to grow? Well, in the future? What is their reasoning? Do you think? Jeremy 1:23Right question. I actually, it is it is peculiar. Why is it just because it did in the past? Why does that mean it will in the future? Because my initial reaction is, well, if it's if it's grown too much in the past, if it's outperformed, and put a massive gap between itself and you know, its neighboring suburbs? Don't the neighboring suburbs look more attractive, because they're now relatively affordable by comparison. And that's the whole concept of this ripple effect where, you know, you have the ideal suburb, everyone's buying there, they love it, prices go up too high. And then people look for the next best. So they think, well, it's not ideal, but it's it's close enough. And so that reduces demand for the ideal suburb, because then it's unaffordable, and increases demand for the next best thing. And that just keeps happening. And it all ripples outwards from, you know, the most affluent, exclusive suburbs. Ryan 2:26Right, our saying today, you would you would expect from the data, the opposite to be true that if a suburb has grown significantly in the past, then it's less likely to see growth in the near to medium term future. Jeremy 2:39That's right. But as as things just balance out, Ryan 2:41or Yeah, may not be triggered growth, but my won't necessarily see more growth in comparison to other suburbs close by. Jeremy 2:49Yeah, that's right. And I do use this. apples and oranges analogy, where picture yourself in a fruit shop 100 years ago, and you can buy an apple for one cent, or orange for two cents. Now, if oranges grew in value at 8% per annum, but apples only grew at 4% per annum, then 100 years later, you'd be spending 50 cents on an apple and $44 for a single orange. It's It's ridiculous. It's still an apple, it's still an orange. Why would you walk into a fruit shop buy $44, one orange, when you could buy 88 apples for the same price. So what would happen is long before that ridiculous price discrepancy arose. People would think oranges are expensive. What's an alternative? Yeah, apples there, they seem to be quite affordable. So that reduces demand for oranges. And they have a lower growth rate increases demand for the substitute the apples, so they catch up. So that what's more likely is you walk into a fruit shop 100 years later, and it's 50 cents for an apple and $1 for an orange that sort of thing Ryan 4:02that makes discrepancy will kind of counterbalance so we'll kind of try and stay around the same sort of thing. So if you got like in this picture, we've got Bondi Beach here. I think this is a very desirable suburb, obviously. But if Bondi grows by significantly too much, then people will look at the outer suburbs surrounding Bondi to say, Okay, I still want to live near bond I maybe won't be able to get necessarily near it. Where else can I live? Or what are the beaches Could I potentially live at in Sydney that's not bond dye. And so then maybe bond I won't grow as much over the coming years while other suburbs catch up, then, you know, Monday could have a run again in the future, and then other suburbs catch up. So let's jump into the data and have a look at what the data actually Jeremy 4:44tells us. Okay, well, I'll scramble through this come down to my first most important chart. Okay, so this is a chart showing the growth over a 15 year period following a process A 15 year period. So what you can see across the horizontal x axis is the past growth from 1990 to 2005. And every one of these little purple plus signs is a suburb somewhere around Australia Ryan 5:16is this and Australia or just in one city. Jeremy 5:20It's it's all around Australia, but it excludes those suburbs where there was so little transaction volume that the capital growth was was considered unreliable. So it might be only, you know, 500 dwellings for some, for example, in fact, there are an enormous number of localities around Australia, which only have like 50 dwellings. So you know, very rural, very remote places. Yeah. So Ryan 5:44those are excluded. Jeremy 5:46Yeah, yeah, this is just the reliable data. Okay, and what you can see there is an orange dotted line, there's not much of an obvious trend, but once mathematically fitted to this scatterplot. That's, that's the trend. Past growth is is an indicator of future growth, but not how you would have thought or not least not how many of the experts suggest. So the higher the past growth, the lower the capital growth. So you see, over on the right hand side, these are all the suburbs that from 1990 to 2005, had excellent double digit capital growth Ryan 6:27over a 15 year period as well to hold that sort of annual growth for a 15 year period is pretty Yeah, Jeremy 6:32that's, that's quite extraordinary. Yes. And that over the left hand side, they had very poor growth, all of these suburbs have poor growth over a 15 year period. Now that the suburbs at the top had excellent growth over the following 15 years, the suburbs at the bottom had poor growth over the following 15 years. So Ryan 6:55mostly, for people who are struggling to understand this graph, or each every cross is a suburb. And the higher up that crosses on the graph means that you know, in the future, like I say, you know, if we were in 1990, looking forward, is that when it was no 2000 2005, they were in 2005. Looking forward, the dots at the top of the graph are the ones that would have performed better and the dots down the bottom of the ones that would have performed worse. Jeremy 7:25Hmm, yeah. So if past growth, high growth is an indicator of future, high growth, and past low growth is an indicator of future low growth, then we would expect a trend line that goes from the bottom left, up to the top right. But instead, as you can see, it's it's pretty much the opposite of that. Yeah. Which means if you've had some good past growth, you're more than likely to see some poor future growth and vice versa. Yeah, but it makes sense. That's nificant. There. That's right. Ryan 8:00Yeah, most of those are clumped in this major circle here between, you know, 4.5, to 10%, in the past, and what 3% to 8%, in the future, most of them are all kind of clumped in there. With no real trend there, if you took out the outliers, or the massive cuts right here. Jeremy 8:20I mean, to say that this is a trend is a bit bit of a stretch. So really, what we're looking at here is, there is no relationship between past growth and future growth. But if you wanted to believe in one, it's actually the reverse. So Ryan 8:36what I will pull from this graph myself, personally, is that if an area has had an extremely good growth, if it's one of the outliers, you know, clustering insane growth for that 15 year period, then I it looks like there's less chance of it performing well, or being one of the best performing suburbs in the future 15 years, versus picking something more in the middle that's, you know, kind of had average growth that could be a high performer. Could be a middle performer. Could be anything, really. But all I can really say from this myself, is that, yeah, the ones that had really significant growth in the past, are less likely to perform, because if you look from 10.5, up to 14.5, you don't really have any suburbs they're in the higher, you know, the higher growth in the future. Jeremy 9:23Yeah, that's right. Yeah. And these are, these are extreme sort of figures. But yeah, you're right. There's a clump there. But I mean, bear in mind that this, this plot is considering every one of those, those points, so it's the closest relationship we can get. But there's a better chart. If you let me just scroll down. And it looks at 10 years, last 10 years in the next 10 years. And this might be an easier one to look at, rather than a scatterplot.

https://www.youtube.com/watch?v=F9rz9q5B74c&ab_channel=OnProperty We are often told if we want the best capital growth we need to buy as close to the CBD as possible. But is this actually true and is there any data to back up this advice? Why There's No Need To Buy Near The CBD Select Residential Property 0:00 - Introduction1:13 - Issues with prior reports6:35 - What trend you'd want to see if this was true8:10 - Calculating the data9:25 - The results11:45 - A problem that makes this difficult to assess13:30 - Change in growth/m216:35 - Yield vs distance to CBD19:20 - Don't just look at one data point20:25 - Volatility vs proximity to CBD22:30 - Why are properties near the CBD more expensive? Recommended Videos: Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00We're often told that if we want the best capital growth, then we need to buy as close to the CBD as possible and that the further out you get from the CBD, the less capital growth you're going to get in that suburb and in that property. But is this actually true? Today? I have with me, Jeremy Shepard from selected residential property to talk about this. Do we actually need to buy in the CBD or as close to the CBD as possible? And is it true that the further out we get, the worse our capital growth is going to be? When we look at the data? Does it actually tell us a different story? So hey, Jeremy, thanks for coming on today. Jeremy 0:37Thanks for having me. on your show. Ron. Ryan 0:40No worries. So yeah, this is one that I'm really curious about. I know that you take different angles, other people, you look at the data, I guess more, I don't know, less emotionally, you don't draw conclusions as quickly as other people do? And you tend to say no, what does the data actually tell us? And sometimes you throw your hands up and say, Look, it doesn't really tell us much. So I'm excited to hear what conclusions you come to and what data you've looked at. So don't talk us through a bit about what research you've done, what conclusions it's likely to? Yeah, well, Jeremy 1:11I guess it was all triggered by having a look at some prior reports, I've seen quite a few. And it all seemed very convincing. And I tried to replicate the same sort of results and just to a little more well rounded job of it. So for example, people refer to inner ring, middle ring, outer ring, why have we got three rings? A lot of the reports I've seen have just focused on a single city. And I just thought, we need something a little bit more broad. What I wanted to know was, what is the improvement in capital growth per kilometer closer to the CBD? Is it possible to come up with a metric like that. And really, what I found was, there's not really much in it. And it's debatable whether there's anything in it. In fact, if I just scroll down, I think there was a Okay, so I go through some other reports and just point out some of the shortcomings, or some of these reports were quite a few years ago. So we can't really, you know, point a finger at what was done then it was was pretty good for its time. But there is a chart or where I cut to the chase. So I'll just if you'll bear with me, and I Ryan 2:24will link to this article down below if people want to go through this go through it in way more detail than we're going to cover in this video. And you can see all the graphs and things here. Jeremy 2:34This is a great one from two big names in real estate. Well, two big names in data in general RBA and real estate Institute of Australia. And, and this chart is a little bit hard to absorb. But what they've done is they've they've tried to create a ratio between these two timeframes, 2014 and 2008 2008. two and six. And the idea of this chart is that prices are getting the difference between inner and outer rings is getting larger and larger over time. So all I did was I tried to replicate this exact same chart, but for two for different time frame. And I've got completely the opposite result. So where's my one? Ryan 3:27I don't even understand what this chart is trying to tell us. Jeremy 3:31Well, yeah, okay, so Ryan 3:32his inner ring, and where's the outer ring? Jeremy 3:35Yeah, where exactly where do you draw the line? That's, that's another issue. What is Ryan 3:40it? Like? What does red mean? What does blue mean? What is medium prices? How much? Ring house versus an outer ring house? Jeremy 3:49Yeah, that's right. Okay. And that's it's 2006 versus 2014. So, you can see that in every case, the blue is higher than the red. Ryan 4:02That is the ratio is getting higher inner ring, the growth of inner ring houses outperforming the growth of outer ring. So you want to kind of 2014 the ratio should be higher than 2006. If the CBD is going to grow faster. Jeremy 4:18Yeah, that's right. And so if this was what you looked at in isolation, you'd be thinking, Well, yeah, I better buy closer to this CBD. But quite often in these sort of capital growth analyses, it's quite important way to set the finish line for whatever race you've got set up and he they've set the finish line just as a 14, maybe this this came out in 2014. But I tried to replicate it. And just for two different dates, nine, another eight year period, but this time from 98 to 2006. I've got pretty much the reverse. And and this is the whole thing about you know, surges in booms for cities, they tend to start in the affluent areas which are closer to the CBD where there's more expensive property. And then that growth tends to ripple out towards the fringe suburbs over a period of years. And Ryan 5:15talk about in future videos is that the top end of the market, how it does fluctuate more, it can grow more during boom period and get into decline more during You know, that's right periods. Jeremy 5:27Yeah, so depends where you set your start and finish line. So what we need is something that's a lot longer than just eight years. And also, I Ryan 5:34can already see the downside of this draft, as well as it's only talking about detached dwellings or houses. And obviously, you're looking at the CBD of Sydney. How many detached houses are you going to find in the CBD? Jeremy 5:47Yeah, that's right. Yeah. Ryan 5:50I mean, it's out there. So it's kind of it's not really comparing apples to apples? Yeah, well, what Jeremy 5:55I wanted to do was it was create a lot more rings instead of just three. And then where do you draw the line is an inner ring within five kilometers, it could be, you can't use five kilometers for every city in Australia. So I thought that the best way to get a general trend about proximity to CBD is looked at multiple cities over multiple time frames long term, and using a large number of rings. So what Ryan 6:22I did find out, Jeremy 6:24yeah, he's just more reports more previous ones, I'm just picking holes in, in the, you know, the, the way, the methodology. Okay, so let's say that we had 10 rings instead of three. And now this is just fictitious, you know, a theoretical chart, Ryan 6:45there's not actually done on this chart Jeremy 6:47you've just made just to show the point of why we'd want 10 rings instead of three. Because now we can plot a trendline and see, well, what is the general rule going on here? If you've only got three, like three in in our middle? Well, we can't really plot a trendline so that's why I thought let's come up with 10 rings. And instead of, well, here's an example of like, you know, what are the growth rates for each for each ring? So this is just hypothetical stuff, then I get into the the actual so here's another good good question. What do you do when you don't have a completely circular city? You know, like Melbourne, you know, a few kilometers to the south and you're you're in the water. There's plenty plenty out to the east but the greater metropolitan areas a bit short on the on the west, so goes a long way down the South. I mean, did you know that the greater metro area went that far south I didn't it's it's extraordinary. So what I did Ryan 7:44was so the morning I created Tim Peninsula, which I know is a popular area is so far from the CBD, but it is a highly desirable area. Jeremy 7:52Yeah, yeah, that's that's a good point, too. So I came up with GSR, so I put, based on the distance from the CBD, I put each suburb into one of 10 buckets. So the 10% of furthest away suburbs are in the 10th desolate, so when you see over there either, so the inner ring would be in the first decile. So instead of actual kilometers, it's just evenly sized buckets. And that way, we don't care about the shape of a city, because we've got the same number of dwellings in each Ryan 8:31or so. Okay, so it's not, it's not necessarily Okay, here's one to five kilometers, five to 10 kilometers, it's the 10% of suburbs closest to the CBD, then, you know, the 10 to 20% 20% 30%. And then when you get to the end, it's okay, here's the 10% of suburbs furthest from the CBD. Jeremy 8:51Yeah, that's right. Which, like in Canberra, Canberra might only be you know, 10 kilometers between Sydney it's like 80 kilometers, right to the the outskirts. Ryan 9:00Yeah. against what big cities as well as smaller cities and can work for shrine. But I did Jeremy 9:07limit this to only the cities with populations of a million so it's, it really is just Sydney, Melbourne, Brisbane, Perth and Adelaide. Yeah. But it could be extended to other cities. Okay, so this is this is the rub real data? Yes, this is this is a real data this is actual. So you can see that there does appear to be some sort of a relationship for the first three decimals, and then it goes flat. So you'd expect if this is a true relationship, you'd want it to continue to decline the further and further you are away from the CBD. And this is growth over 40 years.

https://www.youtube.com/watch?v=eslXgi36xgw&ab_channel=OnProperty Managing money as a young person can be extremely difficult and it's not something they teach you in school. However, it is possible but with some simple steps and the right mindsets you can get really good at managing money when you're young. N'Jaane's YouTube 0:00 - Introduction1:48 - #1: Having Multiple Bank Accounts8:16 - #2: Look at money as a form of energy9:48 - #3: Look at what you spend your money10:58 - #4: How is your spending making you feel? Is it bringing you joy?13:55 - #5: Have a holistic view of money17:45 - #6: Have good money habits when earning a little or a lot19:28 - #7: Never spend money you don't have21:00 - #8: Give to something that is important to you Recommended Videos: Barefoot Investor Bank Accounts Explained Transcription N'Jaane 0:00Looking at money as a physical form of energy and understanding what it actually is, money is just energy. And as long as you've got energy in your body, you've got a way to make money and switching from a real scarcity mindset to an abundance mindset. It's like, actually, I can make a lot of this. And it's not a bad thing, if I do. Ryan 0:23managing money as a young person can be extremely difficult. It's not something that they teach you in school, I know I wasn't very good at managing money when I was young, however, it is possible. And with some simple steps and some simple processes in place, you can get really good at managing your money when you're young, to be able to save for a property or to invest or to set up your life. Today, I have with me, john Taylor, who is one of my best friends in the whole world, but also an extremely successful young person I've seen you go from, you know, basically having no money at all. N'Jaane 0:58And they're stressed out, Ryan 1:00stressed out on money, and then even earning just small amounts to be able to build up savings, build up a buffer and fun, build up your life to the point now, a couple of years later, when you're a successful DJ, you're running, meditate and levitate, you've got a lot of things going on in your life and more money coming in than you used to. And you still better at managing money than me. I'm excited to share today, some of the things that you do in your life that people can take away and maybe apply to their lives, whether you're young, this will help you. But even if you're older, you can take a lot from this as well. So thanks for finally coming on. Well, we got there. So what are some of the things that you implemented in your life to get you from that point where you were really stressed out to feeling like you have control over your money? N'Jaane 1:46Yeah, so I was really fortunate. I have a lot of mentors and friends that in the business game and entrepreneurs and so I went to a master your money seminar, I guess when I was really young. And there's just like, it's a really simple tactic that I started implementing. And I found that it didn't actually matter how much money I made. It just gave me that head start in like, very slowly building stability for myself. So the biggest thing that I took away from that was the full bank accounts like how to actually physically manage your money. So Ryan 2:28Well, that's it, most people just have one bank account. So mine comes in and money goes out. And then most people aren't necessarily tracking that. They just kind of do the blind like half and just hope it goes through. Yeah, especially if you know, as a younger person, you've gone out on the weekend. You're not sure how much you spend? N'Jaane 2:45Oh, yeah, I really feel for I feel for people on that one. That's why being a DJ is great. Just do that. You'll save hundreds of dollars for a drink. Yeah. Ryan 2:58So what are these four bank accounts? And how do you allocate money across them? N'Jaane 3:02Yep. So I it's easy. Look, I'm a bit OCD. So. Um, so I like managing it myself. But you can set it up. I know that I think maybe NAB and there's a lot of banks that will let you do this automatically. So you don't have to be going on to your bank account. And like manually doing this every single week, the you kind of work out how much money you spend on a weekly basis what your bills are, and then that money can just automatically be deducted and put into each different account. So Ryan 3:41explain the accounts and what each account is for. N'Jaane 3:43Yep, so I've got weekly expenses, which is exactly how it sounds. I just figured out rent, food, phone bills, like pretty much. Take a look at your bank accounts. See what you've spent on a weekly basis for the past like few months, average it out, it should like you'll find the stuff you're spending money on every single week. And especially for me, like I like to do it manually. Because I'm a DJ, my income will fluctuate on a weekly basis. So if you're someone in that kind of situation, these tactics will work really well for you as well. So yeah, weekly expenses, exactly how it sounds, and then 10% save. So no more, no less 10%. So if you're earning $200 a week, 20 bucks into a 10% save account. Now this is for investments only. So like gold, Bitcoin. A home like this is just an account should grow, make your money work for you. Ryan 4:51So long term investment, N'Jaane 4:52long term investments, it doesn't matter if you're making like $20 a week you put 20 cents in and if you do you Yeah. Um, look, I'm gonna money, not math. Um, yeah, so 10% save. And then the fun one was you will be a lot more excited about is 10% play, which that is your fun account. That's what you blow on the weekend. That's what you just do whatever the heck you want with that money and just giving yourself that kind of leeway. It then prevents you from just having a blowout at some stage and spending ridiculous amounts of money on shit you don't need. And then the rest is general savings. So, for example, a car or I've just spent like, I just dropped about seven grand on like sound equipment that came from my general savings account, what Ryan 5:49percentage do you put into general savings? N'Jaane 5:51Everything that's left? So you've got Ryan 5:54up to you how much you put in? Or whether you've got any left at the end of the week? Yeah, yeah. N'Jaane 5:58So you've got weekly expenses is obviously your most important because that's what you need. And then 10%, save 10% play and general expenses is whatever's left. So you can do with that as you wish you can save money you can spend, it's, that's totally up to you. Yeah, Ryan 6:17so managing, I guess having those multiple bank accounts that's similar to what I do. But I do have it automated. So it's like every week, a certain amount of money will go across to bi weekly spending. And then I separate out the regular bills like rent, phone bills, stuff like that stuff that's consistent. So my weekly living is just a discretionary budget. So I can just spend that on groceries or entertainment or traveling in the band, or whatever it might be, I've got a certain amount of money that week. So I kind of have a similar process to you, I've just really find that doing it all from one account is just way too hard. Because it's just everything comes out. And it was really N'Jaane 6:55hard to manage the money and understand if you're using your money well or not. Yeah, and it's all from one bank account. Ryan 7:03And you can set up online savings accounts as well. So you can have one bank account that actually has a card attached to it that you can spend. And then you have online savings accounts that you move over your fund money and your investment money into. And then I like the percentages as well. Because then your income grows, then your savings grow. Or if your income declines, you can still keep that habit of saving, and you might not be saving as much, but it's achievable as well. And then you just focus on living your life on what's leftover. N'Jaane 7:30Exactly. And it's not like, Okay, I have to put $200 into that account. It's like, no, it's whatever percentage you've made that week, which from someone that's, as Ryan knows, has zero stability in their life, like I went from promo work, which is one of the least stable jobs you can do to being a DJ, like, my income fluctuates so much. So just during Ryan 7:52COVID when everything was shut down, N'Jaane 7:55let's not talk about that. But yeah, so just having like a percentage is so much more achievable. And then it just gives you a little bit more momentum as well and kind of gives you a bit more confidence in yourself. So Ryan 8:11So I guess that's the How to of how you manage your money. But what is it that makes you different from every other 22 year old out there? Who was spending all their money or going into debt? Or, you know, getting car loans to buy their cars? Like, how do you look at money differently at your age. Compared to other people, I'm just curious, because you just do it so differently. N'Jaane 8:37I guess there's a few different, there's a few different things like my view on money, I used to be, as you know, incredibly stressed. And I just I never seem to have enough of it. And I guess just looking at money as a physical form of energy and understanding what it actually is like, money is not everything, like money is just energy. And as long as you've got energy in your body, you've got a way to make money like it can be made, essentially, is what I'm saying. And so I used to have all of this stress about it. And it's like it's really unnecessary. So just kind of identifying money for what it is and switching from a real scarcity mindset to an abundance mindset. And it's like Actually, I can make a lot of this and it's not a bad thing if I do. And I guess that's been a whole other journey for me personally,

As a homeowner there can be a seemingly never-ending stream of plumbing problems. Blocked toilets, leaking taps or faulty hot water systems. They’re all a part of life, whether it’s in your own home or an investment property. But when the time comes for necessary, often urgent repairs, you want the best plumber to get the job done. And that decision making process has its own challenges. They key is to never panic or feel rushed. It’s always better to take your time making the right choice instead of chasing up loose ends later on. Backed by a calm approach, here are 8 things you should look for when choosing a good plumber. 1. Positive and Reliable Online Reviews Reviews of Metropolitan Plumbing Sydney The first thing you want to do is look at online reviews. Never leave it until you’re unhappy with a job and want to complain. It’s one thing to stick to a name you remember from television advertising or letterbox drops, but it’s another to properly check out their reputation and reviews. Leading resources include Product Review, an Australian consumer-based review site, and Google Review. Both are independent sources where customers can leave detailed feedback. You can then check out the pros and cons before making any decision. Look for recurring themes surrounding pricing, job satisfaction, customer service and availability. Individual reviews may focus on just one point, like pricing, so it’s always good to capture the overall picture. An inside tip is to avoid the lure of companies which seem too good to be true. An overall 5-star rating looks appealing, but is there actually a large quantity of reviews? A good balance of positive and negative reviews reveals legitimacy and engagement. There’s a better chance at truly seeing a company’s overall performance, rather than a tiny snapshot. Remember, it’s not possible to please everyone. There will be negative reviews and although 5 stars seems tantalising, the 4.5 ratings are the best benchmark. You can build from there and use the feedback as the perfect starting point for choosing a good plumber. Check out Metropolitan Plumbing's reviews on Product Review 2. A Good Social Media/Online Presence An engaging, communicative social media and online presence is just as informative as customer reviews. And although it may not be the first thing you think of when looking for a plumber, it’s an invaluable resource. Regular communication, informative posts and a professional website indicates a company which cares about customers. It’s more than just image.  Evidence of a plumber answering questions and comments is always beneficial. As the customer you can rest assured someone is willing to help if anything goes wrong. On the other hand, when it seems like it’s difficult to engage with a plumber online, often the poor communication stretches to customer service.  Irregular posts, no customer interaction and obvious negative comments are a major detraction. Just stay away from the plumbers and companies which give off a sour feeling on social media.  Instead, look for those who post great images and have a positive interaction with customers. An active blog on their website is a good sign so is an active YouTube channel. This can really give you a better feel for the company or plumber you're going to be working with. Plumbers that are proud to show off past work are helping you make a big decision. Their eye-catching renovations and professional installations are all the evidence you need. As they say, a picture is worth 1000 words. 3. License Numbers and Insurance Always use a fully licensed plumber, electrician, technician or tradesperson. There are no ifs or buts about it. Even if the prices are low and you’re desperate, the risk does not balance out the reward.  While you’re looking at a website or Facebook page, look for licence numbers. Often they’ll be located in the About Us section or a page footer. Perhaps the licences are even in the general text. Either way, the crucial part is you should easily find licence numbers without having to dig too deep. Licence numbers also vary in each state. For example, Western Australia has separate licences for gas fitting and plumbing. Other states are combined. The differences are especially important for a national company which has plumbers in various states. Take note of insurance, too. This is equally as important as it means the plumber is covered if anything serious does go wrong. 4. Flexible Availability Fast response times, 24/7 availability and same day service is the least anyone should expect. We all have busy lives due to work, family time, sporting commitments and socialising. Sometimes it feels like there’s barely a moment to blink. And when you’re that busy, waiting all day long for a tradesperson is the last thing you want to do. Being told to expect someone next Thursday between 9-5 is not good enough. You want a plumber that fits within your schedule. Search for plumbers offering same day service, or even attendance within the hour. They’re crucial for emergencies. But if you’re looking to schedule in future work, after hours or weekend attendance is a big bonus. That means there’s no need to wait around all day and take time off work. Unfortunately, the difficult part is that 24/7 availability doesn’t always go to plan. There are peak times where others are also going through a household plumbing emergency. Your job won’t always be able to be prioritised. Sometimes there just will not be a local plumber available. That means calling around and biding time. This is where communication is critical. It can be difficult locking down availability when emergency strikes. That’s why many plumbers offer windows of availability. What you can do is go into any conversation prepared to ask the big questions. Lock down their availability and make sure they are going to communicate. A good plumber will be willing to provide a courtesy call or update you if they’re running late. Good plumbers are accountable for their availability. 5. Welcoming Customer Service Whether you’re calling your local plumber or a big company, the initial response says a lot. A polite greeting is going to set the tone against a gruff hello. Now, the actual talent of the tradesperson isn’t inherently linked with customer service, but it matters. You want to hire someone who is interested in taking your call and getting the job done precisely. There’s no point in hiring a disinterested plumber who arrives late, barely pays attention and is gone within the blink of an eye. Your job is just another to tick off. No, you want someone who cares. They should be able to answer all of your questions. The initial interaction should be smooth, friendly and encouraging. You want to feel at ease and welcomed as a customer. In essence, you want to know you made the right call before any decision is signed off. Feel free to ask questions. A good plumber, or receptionist, will provide answers. Plumbing doesn’t have to be a mysterious realm where someone can’t answer your queries. There should never be the feeling that you’re a nuisance. 6. Warranties Confirming that your plumber is warranty friendly, for lack of better wording, is a two-pronged necessity. Firstly, how does the plumber impact any existing warranties? Secondly, is their workmanship covered by warranty? In terms of actual products like hot water systems, many brands require an authorised dealer or plumber to perform any work. By hiring someone associated with the dealer network you can remain confident that a warranty is not impacted. That’s why it’s best to consult your warranty guidelines or contact your dealer before calling the local plumber. The last thing you want is a minor repair to prevent you from future assistance which will cost much, much more.  Meanwhile, what about other work? Is the workmanship of a plumber installing a new tap covered by warranty? It’s always a major safety net having a guarantee on workmanship, no matter how big the job is.  Whether something goes wrong next week or in 10 months, if the unexpected happens it’s a relief knowing the issue can be fixed at no additional cost. You won’t feel like you’re a bother, and the plumber can’t shrug off the blame. Workmanship guarantees promise quality and reliability when something does go wrong.  7. Transparent Pricing, Fees and Charges Last, but certainly not least, you should always be able to discuss transparent pricing with a good plumber. From attendance fees to quotes and after hours expenses, there should be clarity on what will be paid. This includes understanding when you’ll be charged. Some plumbers will charge you at the end of the job without clarification. Others prefer to inspect the job onsite and offer a fixed price quote ahead of time. Some charge base hourly rates, while others charge by the job, not the hour. Fees and charges are something you want to clarify before any tool is touched. Additionally, use pricing research as a chance to determine what you want. If you’re after a weekend or emergency plumber, avoid plumbers that charge extra for after hours attendance. Look for someone with honest fees and no after hours price hikes. You don’t want to be left with an inflated bill. Money should not be the driving influence behind your selection, but it is something you can’t ignore. If you can’t clearly find pricing online, take the time to ask all the questions over the phone before committing. As with everything when choosing a good plumber, it’s better to ask first and know you’ve made the right decision, instead of chasing shadows once a job is done. Author Bio David Ellingsen is the founder and owner of Metropolitan Plumbing, a leader in the Australian plumbing industry. With over 25 years’ experience at the helm of Metropolitan,

https://www.youtube.com/watch?v=Z1k9zSVrMMg&ab_channel=OnProperty People often say you should look at population growth to try and predict capital growth. The idea is that if an area has population growth it is a desirable area and that will lead to capital growth. However, there is a fundamental flaw in this assumption and today I sit down with Jeremy Sheppard from Select Residential Property to discuss why population growth DOES NOT predict capital growth. Select Residential Property Article: Avoid High Population Growth Suburbs 0:00 - Introduction0:45 - Macro vs micro level2:50 - Population growth is a lagging indicator of supply3:40 - Really you want a suburb where there is little to no population growth but the suburb is still desirable4:52 - Taking the macro and applying it to the suburb level6:17 - What to look at instead of population growth6:43 - Population decline is a negative indicator8:25 - Other issues with looking at population growth9:23 - When population growth is a negative indicator Transcription Ryan 0:00People often say that you should look at population growth to try and predict capital growth and that if an area has high population growth, then that means that it's going to grow in the future in terms of the price of properties and capital growth. Today, I have with me, Jeremy Shepherd from selected residential property to actually talk about this, and to analyze and say, okay, is this actually true? Or is this something that just kind of sounds good, but doesn't have any data to back it? So I'm really excited to jump into the data trying to understand, okay, what does predicts capital growth? And it goes through population growth in particular. So, hey, Jeremy, thanks for coming on today. Jeremy 0:38Thanks for having me, Ron. Yeah, so Ryan 0:40talking about this, I think we discussed this years ago when we record it maybe four or five years ago. And I really liked your approach to this because most people say, Okay, if an area is growing in population, that means there's more demand for properties in the area. And as we know, demand versus supply, there's more demand prices are likely to go up. So people say population growth means there's more demand, which means prices are likely to go up. Jeremy 1:07Yeah, and I think at that level, that makes perfect sense. And, and when I look at it from a macro perspective, like Australia and immigration over over the previous years, it does seem to work. The problem is that, from a practical perspective, investor has to find a suburb, they have to find an individual property, and saying that a particular city is going to have excellent population growth, which is going to pump up demand. That's where it sort of loses its practicality because you've got to find an individual suburb. So if you go down to the suburb level, and look at how the population has been changing the suburbs, and a lot of people do that, they'll get ABS data about population growth and suburb level. This is where it all falls apart at that micro level, like at a suburb or local government area, because the only major way in which you can get population to grow at a suburb level, is if there are more dwellings so that people don't just, you know, move into the streets and, you know, live in a cardboard box under the freeway bridge, they occupy an already vacant dwelling. So if a whole bunch of dwellings are built, then a whole bunch of people can occupy those dwellings, and then you get that population growth measured. But of course, you needed massive supply beforehand. And so quite often, population growth, especially population growth forecasts, is really a forecast of supply. You know, the local council and developers get together, I think I agree, we can open up what they call a growth cartel. But it's really what investors should call a supply curve, because it's just extra dwellings. So wherever you get extra dwellings, that's going to be a problem because of supply, you know, supply and demand story. Ryan 2:50And so I think this is really interesting, because we look at population growth, often the data as well as quite lagged behind, you might get census every five years or have a way to get more updated information on that. But if you look at that, that means Okay, in that time, a certain amount of properties have been built or opened up or converted to duplexes or apartments have been built. They have been vacant when they were built and then filled in. And those people now live there. So it doesn't really give you that indication of Okay, population has grown, where's it going to go in the future? It's kind of it's a lagging indicator, as you said, of supply and the people that have filled that supply, it's not actually an indicator of the future and future growth. Jeremy 3:35Yeah, exactly. I mean, most people, when they talk about this topic of population growth, they're picturing a bunch of people at a gate, you know, open up, let me in, you know, that's the demand that's building up from this population. But really, what you want is a location where the population cannot grow. There just isn't enough new dwellings there. So if you've got zero population growth for a suburb, it means like, say, over the last 10 years, it means that there's been no additional dwellings that have been built. So if you were to purchase a property in a built up area, you know, that unless council increased the densification, you know, like, we're allowing duplexes now townhouses or or units, then you've got more people crammed into tighter, tighter dwellings, then you can have some some population growth, but that's, again, the creation of more dwellings. So it's really a case of finding those suburbs where Council is against that sort of thing. Where there is the potential for zero population growth, so long as that suburb is still desirable. So the demand still there, unless you don't have that additional supply. So it's really Ryan 4:51again, what is looking at that sort of macro level and then taking it down to the suburb to say, Okay, let's say we're looking at Sydney, for example. And as you said, Look Immigration data once all of this virus finishes up and people start moving back into the country or take Brisbane and people are moving into state into Brisbane saying, okay, on the macro level, we've got X amount 1000s of people moving into this city per year, then if we're looking at individual suburbs, we can say, Okay, this suburbs already completely built out with houses or units. If, at a larger scale, we've got all these people moving in, and if we got a desirable suburb that people want to live in, but there's no new properties being built for those new people to live in, it's okay, we've got more people now wanting to live in this one area, not as much supply or the same amount of supply. And so that kind of puts pressure on prices there. So yeah, just look, suburb by suburb population growth, you have to kind of take a step back and say, What is the larger picture of this? Jeremy 5:53Yeah, yeah. So I just need to clarify that at the macro scale, like the city, as you said, you know, no harm looking at population growth. It's when you dive deeper into the minutiae, the the local government area, the suburb, if that micro level, that's when, you know, population growth figures don't really help. What would we want to see is how many people are missing out how many people want to live in this suburb? Because because there's no accommodation available? That's an indication of demand. Ryan 6:26And that would be to look at vacancy rates, right? Yeah. Jeremy 6:29Yeah, exactly. We should Ryan 6:32really get a survey of how many people want to live in this suburb but miss out because it was too hard. Jeremy 6:38Hands up, if you disappointed Yeah. Ryan 6:41But I do think something to discuss is the flip side of this, which is population decline. And so I call flags when you're looking at an area if there's indicators that are negative indicators for the area. While population growth might not be a positive indicator, would you say that population decline is a negative indicator, because if you've got this existing supply people have been living in and people are leaving out of an area? I guess this is more in country towns and stuff, you'll see more of this than that would be a negative indicator, at least Yeah. Would you agree? Jeremy 7:13I think that's a very, very good point, actually. Because unless you're going to dismantle the dwellings, there's going to be additional supply there. So yeah, that's very good point. Ryan 7:23Yeah. And you can also look at vacancy rates in alignment with that as well, if population is going down, and vacancy rates are going up and means Okay, the dwellings are still here. But there's now more available for people to choose from, which is going to put negative pressure on prices. That's right. Yeah, yeah. So I think this is just a quick little video to kind of look at this, you know, just I don't know, I like the way that you kind of take a different angle and look at things Jeremy and say, okay, we've just been told by all these people, population growth is a super important indicator. Yes, it's one thing to look at. But it's kind of a lagging indicator that indicates what supply has been created, and people have moved into not necessarily an indicator for future growth. So you need to take that macro level, look at the bigger picture, and then look at saying, okay, is this area still desirable? Is there pressure of how many people want to live in here versus what is available? Is there anything? Jeremy 8:20Oh, yeah, I think you nailed it. When you said that. There's, there's two other issues. You know, first of all, it comes from census, which is only once every five years, the vacancy rates, I mean, you can get figures, like up to the minute,

https://www.youtube.com/watch?v=udeTRKgq21c&ab_channel=OnProperty It's been a year since I've been able to come up to the Sunshine Coast and hang out with Ben and chat about life and business and property. In this video we discuss some of the key things we've been vibing on at the moment. 0:00 - Introduction1:21 - Being hard on yourself3:48 - Being present on the journey to financial freedom7:59 - Speeding up success with a plan11:45 - Gaining your best life now13:50 - What do you want?14:30 - One of the most important things Ben ever heard Recommended Videos: We're Vibing On Life Right Now (May 2018) Property and Life Update 2020: Ryan McLean and Ben Everingham (Mar 2020) Transcription Ryan 0:00It's been a solid year since I've been able to come up to the Sunshine Coast with all the border restrictions and everything to be able to come up here hang out as mates as business partners and help each other now business as I refresh it. So good talk about property, talk about live all of this stuff, I just realized how valuable this relationship is. And we had a huge walk on the beach last night, like everything we do. So romantic. Ben 0:25It was a real good luck, it was awesome. Ryan 0:27But we are vibing on life. And we've done a few of these in the past, which I'll try and find and link up down below. But it's just a more chat to kind of get to know us get to know where we're at mentally, because this is one of the most powerful relationships in my life. I know you've said the same to me. And just so much good stuff comes out of our conversations that we don't really have with other people. And I know a lot of people out there listening don't necessarily have people that are on the same wavelength to them. So we just kind of wanted to share some of the stuff that's been going on with us some of the cool things we've been learning about being present, being mindful, enjoying life now, as things are, you know, in a good spot for both of us, like, let's be real, we had a couple of years there where things were real rough on both of us financially in our lives, like, Ben 1:17yeah, and like what I'm so grateful for man is like, no matter where I was at, I've been able to like, figure it back out. Like, if I could figure it out from where I was with my anxiety like three, four years ago. Like I feel like humanity's got like an epic outlook. You know what I mean? Ryan 1:34That's an invite I can figure it out from where I was in all the debt. I was in everything that I was going through, like one thing you said to me last night when we were walking on the beach is Ben 1:46my sister's little, the tortoise. Hello, buddy, Ryan 1:49showing us his car, his toy car. But yeah, one of the things that you said to me is like, you know, if someone went through just one of the things you went through, or this or that, or that, or that, you know, they'd be struggling and like you're being hard on yourself out to go through all of these different things. And you're judging yourself saying, You're not where you want to be. I need to give Ben 2:09myself some grace. They're fully man. Like, I feel like one of the things that I've learned in the last few years is just my dad's been saying to, to me for 10 years, he's like, just be kind to yourself, man. Like, you know what I mean? And I'm like, I couldn't hear it. I'm like, No, I'm like, I'm going on this direction. I want to be here. I'm like, prepared to hustle through it and go through the pain. And I'm like, I would never speak to someone, most of the time who I speak to myself, like, why don't I just decide to be like, my best mate. And like, kind of myself and accept that, like, I've got a bit more of an active mind than most people in that sped up journey. But it's also like, you know, it's just, it's just the, you know, what I don't even know how to say what Ryan 2:50I was thinking, you and I have been so hard on ourselves, which is part of what makes us high achievers and being able to achieve what we wanted to achieve, like, through like some of the stuff, I look back now, on the last few years, and I went through a lot of stuff, I ended up in heaps of debt, way more than I should have, I should have known better, but I didn't, you know, Ben 3:09and I've got to have had to go through that I've Ryan 3:11got to have grace for that. But what I've been able to pull off in paying off, you know, 10s of 1000s worth of debt in a two year period, increasing my income becoming financially free through my business again, and just I gotta stop and pat myself on the back a bit fully. What we were able to do, and I think you and I have both gone through that things have been hard. So what did we do? Like we doubled down, we worked hard, we did what we knew we needed to do. And I guess a lot of knowing that came from internally, no one told us because of business owners, you got to work it out by yourself. But now we're at a point where we're not gunho anymore. And we're more like, okay, yes, we did what we did to get where we are, but maybe we could have taken a better path that was more present that enjoyed that time more. And that's what we're trying to get to now. And I guess what we want to share with people out there is like that being present in your life and enjoying the journey rather than you and I spent the last 10 years trying to get somewhere and we lived in the future. But you've been saying that we just lived our lives the last 10 years in the future. And now it's like okay, no, yes, we have future goals and things we're working towards what we're trying to live in the present, be more present and enjoy the process and just enjoy the arts enjoy the downs, Ben 4:32they all come and like it is it's so cliche, but it is the journey that you know, makes life meaningful and it is the connections and it is the conversations and it is figuring out a way like you said to this to me last year like at the end of last year I just come through like the Coronavirus year which is really intense when all I'm trying to do is buy property for people but they like want a psychologist at the same time like man, I haven't studied this for Seven years. I don't know what's going to happen. But I'm personally excited and doing this. But always going through that. And also with the three young kids and renovating my home and building another investment and renovating and building a granny flat on another place. And I'm like, you know, this quote came up. And it's like, if you're tired, just learn to rest, not give up. And last year was one of those years where I'm just like, the way that I have lived, which is like constantly setting goals for the future and moving forward at like a rapid pace is so cool. And I'm so grateful that my previous self could do that. But now moving forward, I'm like, I'm measuring different things like I'm measuring, not sales in my business anymore, or income as much I'm more measuring, like, contribution and how many cool people we can connect with. And Ryan 5:47this is giving me goosebumps now, because this is what we've been talking about, which is like, what are you measuring in your life? And for me, you're talking about, like, we're talking about my business and content, and YouTube views and stuff. And he's like, dude, you needed that years ago that got you to here. But he's like, that's not that probably shouldn't be your focus anymore. Like, what are you measuring? And what should you be measuring? And so like, we talked about this, at the end of last year, like finding the joy in what we do, you know, for us, we're in a good place with our businesses that it's like, okay, we can keep slogging away, if we want, we can step back almost completely if we want. But neither of us want to do either of those things. It's about finding the joy in what you do. And a big part of it is measure, like what you measure improves. And so instead of measuring, okay, how many views have I got? All? For me? It came down to like, what, how proud of my of the content that I'm creating? How proud of my of the message that I'm putting out? versus do I care how many views it gets like, No, not really. For me, it's that internal. You know, Ben 6:52I love that man. Because like the conversation that we were having last night, and I found it a lot harder to answer than I thought I would. But the question was, like, why are you doing this stuff, and it's like, I just want to be a good person that leaves like a value space life that helps other people figure out that they can achieve this. And if like a punter like me, that could fuck it up as many times as I did him, like, figure my way through with the property stuff, and, and get to the position that I am now where I'm nowhere near where I want to be. But I'm on my way. And that's cool. Like, if I continue on this trajectory, like, at some point, in the future, I'll have over six figures of passive income from my properties. And like, that's a goal that my 24 year old self set the some point in my 30s, or 40s, I'll be able to reach and that's so inspiring, because it's like, if I have the choice of how I spend my time, and I don't have to stress about money every day, what could my life look like? Like, how much meaningful time could I spend with my kids? Or how many life enriching relationships Could I have? And you know, how many servers Could I get in before my body's too old to enjoy them anymore? Ryan 7:57That's kind of what we're grappling with at the moment is like, well, how could I spend my time if I had choices, which would kind of do it's like, Okay, how could I spend, and we're trying to work out what to do that. And we were having breakfast with Ben's brother Simon, this morning is, like, a good way to start the day because you went for a surf and then what was happening, Brian? Yeah, like 10am. And Simon's like, Oh,

https://www.youtube.com/watch?v=-EivK-R6yxg&ab_channel=OnProperty The market in Brisbane and right across Australia is heating up so much right now. Negotiating and buying property is a hot market requires very different strategies to a cold market. In this video we share some amazing tips for how to negotiate and secure your next property when the market is extremely hot and properties are selling extremely fast. Book a Free Strategy Session 0:00 - Introduction2:06 - What is a hot market?5:10 - Building relationships with agents10:40 - What to do once the market comes online12:40 - The agent is your friend in a hot market13:40 - Build trust and value with the agent16:28 - Review the contract and be prepared when making your offer17:50 - How to present offers and negotiate21:13 - Helping the agent move the deal forward24:30 - Creating time pressure26:28 - If the property goes to the open home33:20 - Avoiding the bidding war and not getting emotional34:40 - Looking at the upside potential by looking at history Recommended Videos: How To Get Access To Off Market Properties How To Inspect A Property Before The Open Home Newbies Guide To Property Negotiation Transcription Ryan M 0:00The market in Brisbane and right across Australia is heating up right now and buying in a hot market is so different to buying in a cold market. I just sat down with Ben Everingham, buyer's agent from Pumped on Property. And we talked through some key things about how to buy and secure property in a hot market. We're going to be sharing this video, it's so good. We're sharing across both our channels. So I'll link up to Ben's channel down below where he does, he's of great content. And so go and check him out. Otherwise, let's get straight into the video. The market up here in Brisbane and on the Sunshine Coast is heating up so much at the moment. It's not just heating up man, it is so hot right now. And the way you approach purchasing property in a hot market versus a more cold chilled up market, which we've seen over the last few years in Brisbane, as well as during that peak Corona lockdown period is very different the way you need to negotiate the way you need to talk to agents, the way you need to try and lock down these contracts and get these properties is very different. And if you don't do it properly, then you're going to miss out and we don't want you guys to miss out, we want you to get the best investment properties at the right price. So today, we're going to be talking about how to negotiate and purchase investment properties in a hot market. I'm Ryan from OnProperty helping you achieve financial freedom. I got with me Ben Everingham, buyer's agent from Pumped on Property. And he has been doing this all man you know, all the last couple of months is just hot market negotiation. So really excited for this one today. You know, I'm loving it. It's what February at the time of recording this this year to date. I think we bought 20 I bought 22 properties for our clients personally and it is really hot out there right now. And like I just said to you off camera that even with everything that I know, which is I've been doing this as a business for five and a half years but I've been selling in negotiating for a lot longer than that I've read the books, I've listened to the audio and I'm only getting four out of every six properties still, you know it is hard. It's taking everything to like get the right outcome at the moment. Yeah. overpaying. So let's before we get into it, let's talk a little bit about Okay, what is a hot market? Why is Brisbane and the Sunshine Coast? so hot right now? so hot right now. So hot right now that fridge is so hot right now. So long right now? Yeah, I'm actually growing the hair out besides like this awkward length. But so a hot market to me is simple. From a data perspective. It is either an auction clearance rate of over 75% in Sydney, or Melbourne or one of those big regional markets where options actually work. in Brisbane, Adelaide and Perth auction clearance rates are still like 35%. So reading that indicator, it looks like low and not hot, but it's not that. The other one that I look at is DSR score. Yeah, when the DSR score gets above 70, it is hot as hell and hard. So we're seeing so hot, we're seeing like those markets at the moment. Every server we're buying is above 70%. Now some of them are getting over 80% auction clearance rates are going nuts in Sydney and Melbourne and sentiment and positivity drives higher prices. And you know, we're looking at a market according to Macquarie Bank and Westpac West sentiments at its highest point in the last seven to 10 years right now. And so that's having a knock on effect of RTB, right if we overpay cause I expect gains in the short term to make that back. Exactly. And some other things that you notice in a hot market is an increase in properties selling off market. So not even coming into real estate or domain, they're just, you know, going straight to the list that the real estate agent has anything sold going straight to buyer's agents like the team over Pumped on Property, you've also got less vendor discounts. So the asking price that they're asking for, they're less likely to discount it or property selling over, you're also when you're going to open for inspections, there's going to be more people their properties, if you're going to sell quicker as well, you can look at days on market. And if that starting to shrink, then you can see that okay, properties are staying on the market, not as long. And that indicates that a market is heating up. So when you don't have that time period, because properties are selling faster for less of a discount. You don't have that couple of weeks to just take your time negotiating with the agent a couple of weeks that sort of thing. And so yeah, the approach you want to take is very different. Because otherwise, someone's going to come in and snap out that property before you've really had a chance to negotiate and try and settle on it. You know, we're talking about property selling in Sydney, Melbourne and Brisbane in the right suburbs right now either fully off market, and that's 50% of them, or within one to two days of coming online and like so. It's kind of like cool. This is the environment we're in now, what do we do about it? You know what I mean? And there's a strategy for that. Exactly. So let's talk about that strategy. What is that strategy? How are we going to approach things? Ben 4:54Cool. So as Ryan said, this is a hot market strategy. Effectively, what we want to do is get Trouble of the property before the first open home in the first weekend that it comes online. Yeah. So relationships with real estate agents is so key in hot markets. So it's everything talking to the real estate agents in the area, finding the highest performers of the agents in the area who sell most of the properties as well. Getting onto them, letting them know that you're looking, letting them know what you're looking for, in what kind of price range and getting on their list and getting aware of it. Also calling them on a regular basis to find out if there's anything new coming up in the future, then you can start to get these on like off market listings, or you're starting to build that rapport with agents as well. So even if the property does come to market, and you find out about it, once it comes to market, if you build that rapport, the ability to then be able to see that property before the open home increases, and that's where you're going to have more power in a hot market. He is saying a property and negotiating on it before anyone else has seen it, versus going to the open home on a Saturday with 60 other groups. And then you're all negotiating together. Sure. So like there's really three types of transactions that happen. that happen. Wow, that happened. That happened. So one is the beautiful off market listing. That's how we buy 25 to 60% of our properties each week, I get a call from Jess, she's like, Ben, I've got you exactly what you've been after, for the last five years. Sweet. Jess, I talked to the client for half an hour, we talk about all the comparable sales and logic, the clients already been educated for eight weeks. So they're feeling super excited and waited for that unicorn to come up. And then we send through a contract just drives around to that property that afternoon and the deals done. And that is the unicorn for the average person, what people don't know is I've run guest twice a week for five years. every single week is a KPI in the business. And so my relationship with Jesse is going to be a lot deeper than someone else's. And and also, there's that relationship there with Jess, where she's done property deals with you in the past that have been straightforward, easy, it's settled, she knows that, okay, if she comes to you, a property suits a client, for the right price, the right parameters that a deal is going to get done and pretty straightforward as well. So you're not a difficult person to deal with. And it can be a lot of trust, and a sure thing for her and for her client, which is a major benefit. Now, you out there as individual investors, you're not going to be a buyer's agent buying, you know, multiple properties every single month to have those sorts of deep, deep connections in the market and with agents. But what you can do is you can get your pre approval, you can be serious about, you know, knowing what you want, knowing what price you want. And then when the agent does come to you with properties, giving feedback to the agent and saying, okay, yes, I like this property. But I'm not like I didn't like this thing about it, or I'm looking for this. So the agent gets really laser focused on what you want. And so that when they bring something to you that does tick all the boxes, then you're ready to move,

https://www.youtube.com/watch?v=DXoCSzNB_0Y The market is forever changing and things are heating up right now in many markets across Australia. In this episode we want to look at whether or not 2021 is a good time to buy and compare it to 2020 as well as previous years. Book a Free Property Strategy Session - https://onproperty.com.au/strategy Advanced Suburb Research - https://onproperty.com.au/suburb/ 0:00 - Introduction0:50 - Sentiment is super bullish2:04 - Things don't always play out how you think they logically should5:05 - Where are we in 20219:05 - Pressure on housing stock and vacancy rates10:20 - Australia is not one market13:10 - Things to look at moving forward from here14:30 - Erring on the side of caution in this market17:12 - Know your strategy before investing Recommended Videos: Is This a Sign Property Is About To Boom? (New Mortgage and Price Growth Correlation) 2 Properties to Financial Freedom Transcription Ryan 0:00The market is forever changing. And we always like to do updates about whether or not now is a good time to buy and looking towards the beginning of 2021. Looking into 2021, we've come through an interesting year in 2020, we wanted to ask is 2021 a good time to buy and what sort of things are happening in the market at the moment, and then maybe some comparisons last year, or even comparison to a couple of years ago, and see where we're at, hey, I'm Ryan from OnProperty, helping you achieve financial freedom. I'm joined by Ben Everingham from Pumped on Property to yet give you guys an update. And to talk about this just to see where the sentiments are, how things are progressing and how they might go throughout the year. Ben 0:44You know, I geek out on anything that's like analytical data oriented, it's all about me and what I'm noticing and feeling I'm liking and I've never I've never seen it this bullish at the moment like I've never seen it this positive across the board. Ryan 0:58Yeah. And I think that's something that is just so drastically different from what we've been dealing with for the last almost three years now. You know, Sydney went through its decline, Sydney and Melbourne in 2017 2018. And so, that kind of affected things and then obviously Coronavirus last year, it's just been there's been great opportunities out there. And some markets have been moving but sentiment as a whole hasn't been super bullish and super positive. And now it's just dude, every man and his dog is talking about a property some people I talked to at school, they don't even know I'm a property vlogger YouTuber, they come up they're talking to me about the Brisbane and I'm in Sydney like event talking about Brisbane or the Sunshine Coast or Ben 1:40it's pretty wild like Westpac does an epic little report called the Australian sentiment report and it is now in as of January or February this year, the highest it's been in the last seven years and December was the highest sentiments been in 10 years since the GFC. Now that is a huge precursor for like what's coming in a positive way Ryan 2:02and I think something I've had to let go of so over the last few years and dealing with renew the recession was coming or something was gonna happen and then trying to work out logically Okay, how are things going to play out and then being at this point now looking back and realizing that things don't always play out how you think they logically should? There's so many factors at play like last year Coronavirus, borders closed down international borders closed down job Kiva people losing their jobs it's like okay, the market should tank from a logical perspective people are earning less money you know what people are losing their jobs This is crazy. The market should tank but no the market dinner and and what people ended up earning more money saving more money because of job keeper and all of that sort of stuff. And then the market has actually grown as a result. So sometimes we think okay, we've been through 2020 and Coronavirus that should hit the market hard. Not necessarily and I think you know, Ben 3:01the very first thing I did last March man when shit started to get really bad was look at history, which is what I always do. And so Fred Harrison went and looked at the mid cycle slowdown, which is the event that we've just gone through that we've been talking about on camera for what like three, four years. Yeah, yeah. And when I went back and looked at the three mid cycle slowdowns before the Coronavirus one, what I found is that the average house price during these events, which are once every 18 to 20 year events, is a decline of only 10% globally in houses and an average of about 35 to 40% in stocks. And so I went like that knowledge is really powerful. Now each mid cycle slowdown comes from a trigger event. The sun was Coronavirus, last time it was 911 and the.com. Boom. The time before that was the recession we had to have apparently because interest rates were at 18%. The time before that was the Cuban Missile Crisis. So there's always a run up. And then a period of mass freaking out globally that smashes the market. So we're already going to go that way anyway. And so from about April last year, I was already realigned with I understand how bad it's got historically. I still believe that this time it was worse, like everyone does. Oh, Ryan 4:16wait, we both did. We were both fearful that this time it wouldn't be just a mid cycle slowdown. It might have been a bigger correction. But then the government stepped in. And as soon as that happened, I think we both knew at that point and we're listening to people like Ray Dalio and all these higher level investors that are way better than us, listening to them talk about Okay, what is this government intervention mean? How's that going to affect the markets, and we understood quite early on that, okay. This isn't going to be as bad as we thought the buying opportunity is now while everyone's scared and I know like you and Simon and stuff are buying last year. We know that this is an opportunity and could be a potential run out now into the future until we have the next crash where whenever the That will be Ben 5:00completely and you know, that's an interesting thing. So as we understand that bigger picture history stuff, then we go, where are we in 2021. And there's a couple of indicators that I follow that have like, a very, very strong correlation to short term price growth. Now, one of them is the number of new mortgages being written in Australia right now. Ryan 5:20That's okay. I think I've done a video on that the correlation between new mortgage and price growth, I'll link up to it down below. But it is insane how close that correlation is. You can never say it's causation. But this one's This one's crazy. Yeah, Ben 5:35you know, so when I think it's called logic went back to 2003. So it's got about 17 years of data. And what happens is, as the number of new mortgages rise, generally, we see capital gains across Australia, when the number of new loans come down, we genuinely see price declines. And it is just gone from like a bottom here to like, right up here, particularly in Brisbane and Perth. I think the number of new loans written this year are up 35% on last year, and 40 odd percent in Perth, and Ryan 6:04you look at what's happening, because obviously house prices, it's not just tied to people's income. With rental markets, it's often more tied to the incomes of the areas because people are paying directly out of their pocket out of their weekly or monthly income to pay the rent. Whereas house prices, often tied to mortgage repayments and how much that's going to be so when interest rates are extremely high, obviously, you have to pay more to own a property. And when interest rates are extremely low, and now we're at record lows, then people can afford people looking at not okay. 400,000 versus 500,000. They're actually looking at, okay, how much is my mortgage going to be each week? It's one of the dangerous things in a market like this with such low interest rates, people are saying my mortgage each week's 400 and you like Well, what's it going to be when it goes back up to seven? Hey, at seven ply, and now no one really thinks about that at this point in time. So you've got that you've got the low interest rates, obviously putting pressure on the market, but I guess what was holding things back was there was still a lot of lending restrictions in place. So even though interest rates were low, people were finding it difficult to get loans, we had the Royal banking commission, which, you know, put a lot of scrutiny on the banks, and then the banks were then putting more scrutiny onto people. And they basically said, because of, you know, Corona, we're going to like forget a lot of that stuff. And you know, Ben 7:25just come out and said that their intention is to rollback almost all of that stuff, plus a lot of the stuff they put in place to protect Australians from the banking system in 2011, after the GFC, which Trump went and immediately removed as soon as he got into office in America back or not immediately. But back in 2018, I think it was and Australian starting to follow suit, which again, feels crazy. But if you understand your long term cycles, that's what the governments have done every single time we get to this point for the last 100 years. Well, that's Ryan 7:56it a lot of this kind of sounds crazy to us as regular people, you know, the government's printing money, or they're making access to cash really easy or bank loans really easy. And that's like, that sounds crazy. How long can this go on? etc. But I guess, stepping aside from the morals of it and things like that, you got to say, Okay, what pressure is this putting on the market? And how is that going to affect the market and affect sentiment in the short term, we,

https://www.youtube.com/watch?v=Au42IAeoCuM If you're looking at developing medium density property this one is for you. Recently there has been new rules introduced that make getting approval for medium density dwellings easier. Instead of 6-12 months for approval this new process could get you approval in as little as 2 weeks. This is exciting stuff for developers and today I have Luke Durack from http://www.durackarchitects.com/ to discuss this new approval process and how you can take advantage of it. 0:00 - Introduction0:43 - What is this new process?2:23 - Difference between this and DA approval4:00 - What developments does this code apply to?6:08 - Does this apply to granny flats?6:40 - Will this code become more commonly used8:37 - The pros and cons of taking this avenue11:15 - How can people find out more about this?12:45 - How to get in contact with Luke13:15 - Will all architects know about this? Recommended Videos: The Complete Guide To The Development Approval Process: Part 1/2 - https://www.youtube.com/watch?v=AZaxtl-1daQ A Better Way To Get Development Approval - Compliant Development Code - https://www.youtube.com/watch?v=BUtkZFlh01s Transcription Ryan 0:00If you're looking at developing property, then the development approval process can be an extremely difficult and arduous process that can take an extremely long period of time with setbacks and knock backs and going back to Council and this whole process, but there's actually been introduced a new are easier and faster way in order to get development approval done for medium density. So today I have with me, Luke, jack, from jack architects. Hi, Luke, how's it going? Good, I run good. And today, we're going to talk about this new process and how you could potentially use it if you're doing some property development yourself. So Luke, do you want to kind of give us the rundown? What is this new process? What's it called? Why is it better faster than, you know, going through a DA and going through counsel? Luke 0:52Okay, I'll I'll try and keep it simple because it's, it is simple in nature, but it's quite, it can get quite complicated quite quickly. Basically, as we, when we last spoke, we spoke about compliant development as it relates to houses. So an approval pathway that bypasses council essentially, this new part of the code, which is still compliant development, relates to medium density housing, and it's called the low rise housing diversity code. And it's specific to development types, such as dual occupancies terraces, and what they call Manor houses. And essentially, like, like it is for houses. It's a fast track way of getting through accounts. And so you don't, you're not getting held up by councils having their own particular biases or objections. You go straight through a certifier, you still needed, you'd still need an architect to draw up all your drawings and get all their reports done. But you'd have to worry about neighbor objections, because they can't have any size. Basically, as long as you tick all the boxes, you can have, in theory, your development approved in a couple of weeks, as opposed to if you go through Council, six months a year, go the landmark or whatever. So it's, it's a, it's a great, it's a great if you can if you can get your development to work within this pathway. It's a bit of a no brainer, in many ways. Ryan 2:22Yeah. So we actually talked about the development approval process and how all of that works a couple of years ago. So I'll link up to that down below. But basically, going through that DEA process, Yeah, you do. There's obviously guidelines you have to stick within, then there's a period where neighbors can put up rejection objections, and you know, if it doesn't get approved, you might have to make changes, etc. Then the difference with this, from my understanding is that it's more black and white. Whereas with DEA approval, sometimes you'll step outside of what you're meant to and the council needs to approve it or not. With this, you need to take every single box, otherwise, you kind of put into the regular development approval process. Is that right? Luke 3:05Yeah, yeah, straight back into di land. So if you're if the setback requirements for this new code, three meters from the boundary, and you're, you're just 200 mil less than that, you potentially are straight back into the AI lab. Ryan 3:21Yeah. So you have to take every single box that's required in order to go through this type of process, which is why it's quicker because they know that, okay, you're doing everything correctly, like the way we want it done. Luke 3:34Yes. And it's one of the objections from people who, because there's been a lot of objection to it, because it's people as objecting to it on the basis that it's, it's a, it's a one size fits all, so it doesn't, there's no specific relationship to context or size, it's meant to be a set of rules that generally can apply across the board. Ryan 3:57Can you give an idea of what some of those rules are? Obviously, we won't go into all of them. I'm sure there's, you know, hundreds of 1000s of Luke 4:03rules, but yeah, yeah, well, look, they these, the developments that this new code applies to, as I mentioned, geolocations is what they call Manor houses, which are essentially a duplex one on top of the other or two apartments at ground level, and two apartments above, and then and then terraces. So they're the three development types. What's the terror so terrorist is a small infill building. According to the code about six and a half meters wide, so you might have a dozen of them all lined up right next to each other. So you see a lot of them in Paddington in Sydney, for example. Yeah. And so but for example, for geolocation says, you know, then they'd have a minimum lot area 400 square meters, the site has to be between 12 and 15 meters depending on a couple of constraints. And then that's limited, they're limited to eight and a half meters in height. So you can only get two storeys that the couple of the implications and then stepping back a little bit the reason for the code, the reason the code has come about is basically essentially saying that, yes, we understand that planning is to understand that not everyone can afford to buy a home. Not everyone wants to live in an apartment. So it's offering a greater choice and diversity. And essentially, it's meant to translate into affordability. So increased density, reducing the price. Ryan 5:49Yeah, so to make it easier for people to build medium density dwellings or occupancy dwellings, make it easier for them so that we got more housing available in New South Wales. Now I understand this is for New South Wales, specifically, but other states have their own codes as well. Yeah. Granny Flats like separate standalone granny flats. So say you've got an existing house and you want to build a granny flat out the back, does that fall under this code? Or is that something separate? Luke 6:18No, that's part of the that would fall in the other component development code, which we've spoken about previously. So I'll Ryan 6:27link up to that one as well below because that was for residential housing. And that was a couple of years ago, when I remember in that video, I remember because I watched it before we recorded this. I remember you talked about not many people were really using it yet. So you want to shed some light on it. How has that changed over the years? I think it's been three or four years now since we recorded that. Is this code for residential housing now more common? And do we expect? You know, over time, will this get adopted for medium density and become more common as well? Luke 7:02Well, definitely the the house compliant development code as it relates to houses, which includes granite flats, has definitely been adopted across the board. And it's being used all the time. As a standard approach. Now, I mentioned it to all new prospective clients as an avenue pass through. It's great for small internal renovations to apartments or houses. So it's it's definitely being used across the board, I would expect that this medium density code will be adopted in the same way, however it is. It is probably a development type that's more suited to developers. So they rely on you know, in many, in many cases maxing out size as much as possible. In some in some ways, in some circumstances, you can get an outcome that is better than a DUI in some situations, but but it's all about getting getting all the different rules to work together. I think that in summary, I think basically Yes, it will get adopted across the board in a much large fashion. There's even talk about this, the next card being being adopted to accommodate mid rise apartments, up to six six storeys. So there's a there's a plan to keep it on the head, Ryan 8:34keep rolling it out to higher and higher densities is the challenge. Yeah, this code for developers and people who trying to develop in then obviously, like flip or rent out their properties, make money from development is the difficulty with this, that giving you have to take every box developers are more inclined to kind of, I guess, stretch the boundaries of what is possible, or what is technically allowed. You know, they need to get council approval to do something bigger than what they might otherwise under this code, like is that gonna hold some developers back from using it because they want to maximize their return on investment. Luke 9:11I would say in some situations, that definitely will. But in other situations, that will mean that developers don't have to worry as much about holding costs and so forth and interest on their repayments, because they know that, you know they could potentially have a delayed settlement while after they've purchased the property, get that compliant development done within, you know,

https://www.youtube.com/watch?v=ZcwUCx4pjBo One of the most important people to have on your team as a property investor is a mortgage broker. But how can you actually find a good mortgage broker? Contact Michael at Mortgage Broker Sydney 0:54 - Start with a recommendations1:15 - Look at customer reviews, level of experience and time in industry1:50 - Access to as many lenders as you can5:15 - You need to be able to get on with your broker7:45 - How does someone engage a mortgage broker10:20 - Getting a feel for your broker11:00 - Finding someone who has longevity in the industry12:55 - Summary of how to find a good mortgage broker15:04 - A good broker will give you a path Recommended Videos: Summary of Australian Lending Changes: 2021 Update Do These 6 Things Before Applying For a Mortgage Transcription Ryan 0:00One of the most important people to have on your team as a property investor is a good mortgage broker, someone who can access multiple different lenders show you how much money you can borrow, advise you on how to get better rates, or how to increase your borrowing capacity. But how do you actually find that good mortgage broker and that good person for your team? So today I have with me Michael Brown, from mortgage broker, Sydney Comdata. You to talk through this about how can you find a good mortgage broker? How can you approach a mortgage broker and how the whole process works? So hey, Michael, thanks for coming on today. Michael 0:34Good Ryan. Good to be here. Ryan 0:36So finding a mortgage broker, if someone's you know, not in the industry, they don't have a recommendation from someone they just kind of googling mortgage broker? How can they go about kind of starting to identify who might be a good fit for them? And who might not be? Alright, Michael 0:53well, the first thing, of course, is if you've got friends or family colleagues who have at least had someone and dealt with a mortgage broker and have had a positive experience, we all know, that's probably going to be the best way. But if you're starting green, if I could put it that way, and you're just going to put it out there, then I guess you're looking for things like customer reviews, you're looking for the level of their experience, perhaps their time within the industry. Now, none of those things on its own is a guarantee, but at least it'll start pointing you in the in the right direction. Because I'm a mortgage broker needs to have I Well, I think, and I'm probably attached by us having even been in the industry for a while, but you should have some pretty good industry experience, you want to have as many of the lenders, that the sorry, you want to have access to as many lenders as you can. And you want to have Ryan 1:57does that vary significantly from mortgage broker mortgage broker, which lenders they have access to, or the most mortgage brokers have access to everyone? Michael 2:05No, most mortgage brokers don't have access to everybody. Because different people are employed under different I suppose in different within within different silos. So you could have, you know, completely independent mortgage brokers who will have access to the broad range of the industry, but some of the branded brokers would have less or fewer accreditation across all the major banks. So you might have someone who is within a franchise, for example, would have a significantly limited portfolio, Ryan 2:47which is interesting, because you would kind of think, as a lay person who's not in the industry, you would kind of think the opposite, that if someone's franchise, and it's a big company, then they're actually going to have access to more lenders than an individual. But I don't know if it has something to do with, you know, buying power and these groups negotiating with particular lenders and featuring them? Michael 3:08Well, some of those things are true. Look, I'm not necessarily saying that just because you're a franchise, you don't have access to a decent range of lenders. But as you say, some of those franchise, franchise instance, or businesses have limited their lending panels to take advantage of the sort of things you were just talking about. You know, buying power with a particular lender means that, you know, they might have only four or five different options, rather than 25 different options. Now, just because I've got 25 different options doesn't mean that I'm going to use all 25 of those lenders. But what it does mean, when your particular circumstance, you know, comes to my attention, and we find that you have a particular issue within your application, that we've got four or five times the options that you know, then then some of the others. Yeah, well, that's all I think you would probably come up more with those nice circumstances, if someone's having trouble getting money, being able to access more. It really does. I mean, the premise of a mortgage broker, of course, is that they will, they will act in your best interest and in fact, we're just about to be legislated under law by that. So that that change which perhaps we I would suggest that most mortgage brokers would already have been doing but we are best interest Judy takes effect as at one January, which means that by law, we have to act in our clients best interests, not our own, not the banks but but by the clients. And of course, we are generally as the way that we get paid is by the bank. So When you're fronting up to talk to a mortgage broker, most of them are not going to charge you just for a home loan. And they, so there's no reason why I think he wouldn't go to speak to a mortgage broker. Ryan 5:15Well, that's it, even if you decide not to use them, or you go with a different broker or something like that, you could at least go and talk to them, get a feel for them, see, they're someone that you want to work with they, and then if you decide they are, and they help you with the home loan, then they get paid by the banks in a quarter for that. Michael 5:32And you've touched on something which I speak to my potential clients about all the time. And you really need to be able to get on with your broker. Because you're going to pass on a lot of sensitive information for a start, you're going to be explaining some goals, potentially some dreams, and you're going to rely on them for professional advice. So if you don't feel like that you can trust them at the start, it's probably not going to be something that you can really feel as a good fit. And as a broker, if I don't feel that I can trust my clients, certainly, it doesn't happen very often. But there are times when I've have actually had suggested that they might want to look elsewhere as well, I'm definitely in the minority. And I'm certainly doesn't happen very often. Ryan 6:18Well, as you said, we are sharing a lot of sensitive information, there's also going to be a lot of back and forth, especially if issues come up with the loan or, you know, you need more explanations for why this is happening, or you got a situation and if you're going to be dealing with someone back and forth like that, you really want to have good communication with your broker and that good rapport there. And so I guess, meeting with a broker for the first time or talking with them on the phone and getting that sort of rapport and seeing if you guys vibe together. Michael 6:49Yeah, that really is it, we really do need to have at least some basic level of togetherness vibe, if we could put it that way. Because I'm advocating on your behalf. So if I don't believe in you to a degree, I'm just not going to do my best work. Like he can put whatever cliches you like around it. But simply, I need to be confident and trusting and believe in what you're doing. And to a degree, you need to do the same about me, because then it works for everybody, you know, we all want, we all want to put our best foot forward here, I want I want to present you to the bank, as best as I can. And, and and and you need to have the confidence in me that the place that I've recommended, and that you have finally selected is the place that you know, is where you should belong. Ryan 7:45And how should someone engage a mortgage broker for the first time, let's say they've never applied for a loan before, they don't know how the whole process Michael 7:54works. Look, I have that conversation so many times as you could well imagine in my career. The first thing that I do with them is that I try and make them feel at ease. Because generally our first interaction is on the phone, it isn't always better generally, it's that I just want to make them feel at ease, I want them to be comfortable that I know what I'm talking about. So I would normally give them a you know, a short 32nd spiel about my 30 odd years of experience working in this industry. Some of it with major banks, some of it with, you know, the last 17 years as a broker, I give them a little bit of my personal history so that they feel comfortable that I'll understand what it is that they're trying to do. And, you know, I've done various lending transactions in my life as an individual. And I think that people will feel more comfortable if they know that I've already done what they're about to contemplate. And they explained to them that the way that we get paid so that they can feel comfortable that, you know, they're not sitting on a clock where every six minutes, they're going to incur another $100 bill. And, and, and I give them a few examples of the banks that we can deal with, just so that they get a some comfort that, you know, we're not going to dodgy brothers proprietary limited for our finance. And usually after we've had all of those things, and I also explained, you know, we've got systems I've got, you know, people that helped me they'll be in contact that it is a very intense time in terms of communication.

https://www.youtube.com/watch?v=tByp8zBwmGE When you have an investment property it's really important to have a good team behind you. One of the most important people in that team is your rental manager. But how do you find a good rental manager and how do you even know what to look for? Today we talk to rental manager Lauren Robinson about how to pick the right rental manager for you. Rental Results Brisbane Property Managers 0:00 - Introduction1:35 - The difference between a good and bad rental manager4:39 - #1: How Do You Market Your Properties?7:22 - #2: How Do You Vet Tenants7:40 - #3: How Do You Manage Tenants and Do You Have an Online Portal8:10 - #4: How To Tenants Report Maintenance8:16 - #5: Who Will My Rental Manager Be?9:42 - #6: How Frequently Will You Inspect My Property?9:49 - #7: What Training Do You Offer Your Team?10:00 - #8: How Do You Handle Rental Arrears?11:58 - #9: Do You Offer a Service Guarantee?12:08 - #10: What Backup Staff Do You Have If Someone Is On Holidays or Sick?12:25 - #11: How Frequently Will You Communicate With Me?13:14 - How To Compare Property Manager Fees15:30 - How To Change Rental Mangers Recommended Videos: How To Know If a Property Will Be Easily Rented How To Increase Your Rental Income Transcription Ryan 0:00When you've got an investment property, it's really important to have a good team behind you. And one of the most important people in that team is going to be your rental manager. This is the person that's going to make sure your property gets rented deal with any issues that come up, make sure you get paid on time, all of that good stuff. But how do you go about choosing a good property manager? And how can you identify a good one from a bad one? So today, I have with me, Lauren Robinson from rental results.com.au, who's a rental manager herself been in the industry for nearly 20 years. And she's going to talk us through some questions you can ask, and things you can do to understand, okay, is this going to be a good property manager or not? So hey, Lauren, thanks for coming on today. Lauren 0:42Yeah, thank you, Ryan. Thanks for having me. Ryan 0:45No worries. So this is obviously a really important topic for people who have just purchased a property or maybe they've got a rental manager that they're not completely happy with. And they're thinking about shifting, how does one find a good rental manager? How can you look at the different websites and say, okay, who do I pick? How do I even know? Lauren 1:04I know. And that's that is a hard question. I think really, you know, often people ask their friends or their family, or maybe a sales agent they've dealt with, or often people will just choose the agent that they've bought through purely because they don't know where else to look. And I think it's really important to do your research online, have a look at how they're marketing properties, and also interview a couple of different agents. So I have got a list of questions that I'd suggest you ask a prospective property manager. Yeah, just to narrow that down. Ryan 1:34Before we jump into those questions, just so people can understand the difference between a good agent or a good rental manager and a poor rental manager? Do you want to tell us the story, again, that we did in a previous video about that property you got that was vacant for a number of weeks before the people shifted over to you? Yeah, so Lauren 1:53we, so there was a property in a complex that we actually managed quite a few in that building the property have been on the market for six weeks with no interest, no applications, we took that property off that agent. And within two days we'd been we were able to rent that property for $20, more awake. And the reason being is purely because of how we changed all the marketing. So we made sure it was marketed properly online, we have an online booking system. So tenants can book in times, you know, obviously, we're eager to make sure we got tenants in as quick as possible at a high rent. And obviously, quality tenants as well, not just anyone. So that's really important too. But understanding your market and knowing what price the property should be at is super important. So not all property managers are the same, which I think is a misconception out there, that's really important that you need to interview and make sure you you know who you're dealing with, Ryan 2:47well, that's having a property sit vacant for six weeks is so much money down the drain, it would just be painful to watch that. And obviously, as the investor, you're still liable for the mortgage and all the expenses associated with the property while that lie is vacant. So having a good rental manager can help you to rent your property quicker, it can help you to rent your property for more money, I just found it amazing that you took a property that was vacant for six weeks, and actually raised the rent and got $20 more than they were asking before and rented it out in a couple of days. And also getting good quality tenants as well. So again, not all tenants are created equal. So not all tenants are going to pay on time, not all tenants are going to treat the property as well as you would like and or stay as long as you would like. And so getting a good rental manager can help you get those long term good quality tenants that, you know, just make things much smoother to run and so much less stress to worry about. And I guess as well, handling issues that come up and helping you to do that. Lauren 3:47For sure. Yeah. So I mean, I guess when you're looking at an agent, it really depends on what stage where your property is. So say it's vacant, then your biggest pain point at that point in time is going to be finding a tenant, a good quality tenant, to rent it as quick as possible at the highest rent. If you've got a tenant in place, your pain point may be that your your property manager doesn't communicate with you or doesn't get back to you or that you're concerned that they don't know how to they don't know the legislation well enough to be able to handle issues or or it might be that you've been managing a property yourself and then scenarios are coming up, which you don't know how to deal with. So it really depends on where you're at in your investment journey. Yeah, but the list of questions that we let's go through those. Okay, great. So the ones I've got here is how do you market available properties for lease so that's probably and that really came back to that story we were talking about before with the property that was on the market for a long time. So that property had really poor photos. And it was sitting at the bottom of like in you know, on page four of, you know, realestate.com and you know, so all those types of things the owner wasn't getting any feedback at all after any inspection wasn't hearing from the agent. So all those types of things are so important. So someone's asking that question, what's Ryan 5:08the sort of good response that they would want to hear back? Lauren 5:12Yes. So in terms of how is your property marketed, you'd want to know that they're getting professional photography, ideally, floor plans, having you know, a 360 degree virtual walkthrough to really helps to qualify tenants that extra step, having an online booking system, accepting online application forms is really important, because it makes it easier for people to apply having a process where they follow up after the tenants have inspected. Now, do they have a database of tenants that are ready and waiting for properties that are similar to yours? How do they market properties? So is it going to be on you know, realestate.com? domain? How many other websites? Is it going to be on? Does it sit at the top of those searches? So they're the types of things do they have a leasing manager? So someone whose dedicated job is to rent those properties? And are they available, like on a Saturday to show properties as well? What time do they do viewings to on a Saturday, so they're so important, I just don't understand agents who don't work Saturdays. That's how busiest day of the week, we work till five in the afternoon. And there's typically two to three people out there showing properties all day. And it's just so important. So, Ryan 6:24so what's what's a leasing agent? Yeah, Lauren 6:26a leasing agent is someone whose dedicated role is to find tenants. So that's purely their role and person in our office. She's been here for over three years. She's been in the industry for over 12 years. So she understands, typically like what the tenants are looking for, she's able to match tenants to properties. So that is really important. If you've got a property managers say managing 150 properties, and they are doing the leasing as well. They might not be they might not have the time to show a property when a tenant wants to they might have, you know, routine inspections, or they might have an entry or vacate. So maybe, and often, what happens is leasing goes to the backburner because it's not a priority, and they've got other tasks are focusing on. Ryan 7:09Okay. So yes, I guess people are a good framework to start with, there's obviously a lot there. But people can pause and rewind, if they want to go through that again, Lauren 7:18a little bit, I provide the list. But the other thing is, you know, how are they going to vet tenants? So what so when they're checking tenants is against references or dot blacklist databases? In your How do they make sure that they're getting a quality tenant? And what information do they ask from a tenant? What technology do they use to manage properties? And will they have an online portal? So as an owner, do you have an online portal does tenant do tenants have an online portal where you can see everything? So it's really transparent? To most rental managers have that these days? They should?

https://www.youtube.com/watch?v=4N8YjMF0SB4 If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgagebrokersydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. Contact Michael - https://mortgagebrokersydney.com.au 0:00 - Introduction1:07 - Have your documentation3:10 - Explanations for expenses4:53 - Regular savings pattern + frugal living7:19 - Reducing your debt + making debt repayments8:35 - Reducing credit card limit12:23 - Get a copy of your credit report15:45 - What point should you engage a mortgage broker19:15 - Benefits of using a mortgage broker Recommended Videos: Summary of Australian Lending Changes: 2021 Update Transcription Ryan 0:00If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgage broker sydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. So hey, Michael, thanks for coming on today. You know, Ron, Michael 0:30good to be here. Ryan 0:32Okay, so let's just say someone's looking at investing in property, maybe they've got their deposit at the moment. Generally, I think most people would just be like, Okay, I'm just going to go to the bank and apply for a mortgage straight off the bat or speak to a mortgage broker. But there's a lot of things that they can do to help set them up for success before even getting to that point, or if they're in the process of saving their deposit isn't Michael 0:53that they absolutely is. And and, and that will just make it much, much easier. Firstly, for them, and then for the the broker and the bank to approve their loan. Ryan 1:06Okay, so what are some of these things that people need to be aware of or need to start doing before they apply for a loan? Michael 1:13Well, there's obviously some basics, you can have all of your documentation, you would be surprised how difficult it is for sometimes for me, literally just to get you to send me the information that I need. Now, I know that sounds like basic housekeeping, but your life is going to be easier if you've got some basic things ready. Ryan 1:33What documentation are we talking about here? Ah, I Michael 1:36think I'll go through a really brief list. But if nothing else, you could have your payslips ready. Sounds basic, but you'd be surprised how many people can't find them. If you're self employed, really big one have done your tax return, that lots and lots of people who are self employed a front front up with their their tax return from last year or two years ago. And, and sometimes that's enough, but at the moment, you'll find that, particularly after we've, so we've worked our way through the pandemic, self employed, people really need to have their June 2020 tax returns done. The banks are really big on having as much current information as they can. And for a self employed person, a June 19 tax return isn't gonna cut it. Ryan 2:25Yeah, especially with all the changes that have happened in 2020. With COVID. Like, just because you have this much in 2019, that does not have any correlation to what you may have earned in 2020. Michael 2:36That is absolutely the case. So that that there just a couple of simple the simple documentation, the rest of them in terms of documentary requirements, and things like knowing where you can get all of your statements, and making sure that you've got copies of, you know, contracts, the rental assessment for the place that you're going to buy all of those things. I know they they're basic, but they're all things that we need. But the things that you can really do is just make sure that you're you are actually you have everything in order things like your expenditure. Have you have you been? Do you have anything unusual? That's gone in the last three months? If you do at the moment, you're probably still going to have to have a basic explanation for it. So Ryan 3:23So how far did the banks go back when looking at your expenditure? Michael 3:28That's a really good question and different rules for different banks. It's not going to be any further than three months. And it could be as little as one at the moment, as we have, as we've seen over the last little while some of those more onerous, investigative procedures are starting to ease a little bit. So Ryan 3:50that's really pointing Why did you buy a coffee? Why did you buy two coffees on Wednesday instead of one? Michael 3:56Well, there's the famous case, certainly that I've seen where the individual concerned was being questioned why he ate a cabana coffee every lunchtime. Now, admittedly, it was because he spent he said that he only spent something like $50 a week entirely on food and had managed to spend $60 just on his lunches. But nonetheless, that's sort of in you know, the level of investigation that we were seeing, and we're not we're not seeing that now. But if you've got big things that you've that you've seen going out, you know, like a $2,000 payment or an $8,000 payment, you should be prepared to explain exactly what that is. And it's not necessarily because your broker's fantastically invested in your lifestyle, they just want to be able to put the best case for you forward. Ryan 4:47So ideally, if someone's looking at investing in the near future, it's it's kind of like okay, you want to live frugally for the next three months. Ideally, if banks are gonna look back that far. So then when they look at your statement, they look at your expenses. They say, Okay, this is a frugal person, their expenses are extremely high. And they assess you based off that, versus if you spend three months living it up, and you know, buying things, obviously Christmas could be an issue for people. Unknown Speaker 5:17Look, Michael 5:18we're not, we're not the banks are not completely unreasonable, although we might think they are sometimes. And we do understand that Christmas is a seasonal thing, and that they, you know, there is a level of, shall we say, one off per annum expenditure there. But you certainly don't want to go and living the life of Riley for the three months immediately before you're going to buy. The other really big thing that you can do really, to help yourself is have some kind of regular savings patent. If you're asking a bank to agree that you can afford to pay $1,000 a month towards a loan, on top of the rent that you might earn as an investor, it'd be pretty handy for your case, to have shown that for the last three to six months, you've been saving $1,000 a month makes it a lot easier. If you if you have if you've been saving a grand total of $10 a month might be a bit of a stretch certainly going to be harder. Ryan 6:16Yeah. So it's just something like that regular Savings Plan, which I talk about on this channel all the time is pay yourself first. So as soon as you get paid, put a percentage of that money or a set dollar amount. Put it aside before you do anything else before you pay your rent or live your life or anything it's like straightaway, save it. So if you know that your mortgage is going to repayments are going to be around about X amount, you can show that you've been saving that money. Michael 6:42It's a pretty powerful, pretty powerful positive for your case, if you've got if you've got the two things covered, which is the rental for the place that you live in, because we all have to actually live and you've got some savings on on a monthly basis as well, you know, for your future loan, yeah, then you, you starting to be a pretty safe bit. And you don't want to just for the last two months, ideally, the longer you can have it the better but certainly three to six months. And that really does help your cause. Ryan 7:18Yeah, and what about like debt reduction, paying off credit cards, or having car loans is that sort of stuff going to stop people from getting a loan or just make it more difficult? Michael 7:28Well, it's not going to stop you in any way those things. In some ways they help you, but because they can they they do show that you're, you know, a person of good character, they show that you've got the inclination to make monthly repayments and to make them all of the time. So they're all really good things. The one, the one thing that they do do to your detriment, however, is they reduce your borrowing capacity. If you've got, you know, if the bank assesses that you've only got a total of $4,000 a month that you can spend on loan repayments, and you're already spending $1,000 of it on a car, then you can only afford to borrow three quarters of what you would otherwise have been able to borrow. Yeah. So that doesn't mean that it's a bad thing, as long as it's not going to stop you from buying the investment property that you wanted to buy. Ryan 8:17Yeah, and a mortgage broker, if you speak to a mortgage broker, they can kind of look at that stuff and tell you, you know, if you were to get rid of this debt, your borrowing capacity would be x Michael 8:26versus if you have it, I spend so much time giving people guidance on that, you know,

https://www.youtube.com/watch?v=iNAG0fxF6Kk Matt Chamerlain was able to purchase his first property at the age of 24 while on a low income. In this episode we talk about early financial lessons he learned, how get got into property, the details of his investments and his plans for the future. This is an inspiring interview with an up and coming property investor and I'm grateful that he was able to share his story with us. 0:00 - Introduction0:40 - Matt's first financial lessons7:09 - What go Matt into property9:59 - How to invest on a low income17:13 - Avoiding bad debt19:00 - Why did you use a buyer's agent?24:38 - The experience using a buyer's agent27:57 - Matt's property details30:59 - How has owning the property been32:35 - What's Matt's long term goals38:35 - Last big takeaway Recommended Videos: Interview With Ben Everingham From Pumped On Property (Ep198) 2 Properties Before She Turned 30 - Interview With Lisa Tran Transcription Ryan 0:00Today, I'm really excited because I have a very inspiring investor on the channel. Today, I'm interviewing Matt Chamberlain, who was able to purchase his first property at the age of 24. All while doing it on a low income. I love these stories where we can talk through people's journey, how they got into property, how they're able to secure their property, and where they're looking to go in the future. So hey, Matt, thanks for coming on today. Matt 0:23no problems at all. Ryan? Glad to be here. Ryan 0:25Yeah. So you hit me up over email and said, I've been listening to you for years, you've used Ben and Simon as buyer's agents to help purchase your property. Do you want to chat? It took me way too long to get around to doing this. But I'm really excited to talk to you today about your journey. So do you want to take us back, I guess, to the beginning, where did interest in property or personal finance and things like that start for you, it was, Matt 0:49it was at a very young age, my, my mum probably was the best role model for this when I was maybe 567 years old. Back then we she opened a like a Super Saver account at the local bank with, you know, for my brother and I, and maybe not, you know, on day one, but over time, she really educated us on you know, the perks of that particular savings account, and what you have to do each week to achieve, you know, your high interest rates, and that kind of stuff, which, you know, as it happened, it was depositing a certain amount of money each and every month. So what she would do is, she would give my brother and I pocket money, she'd give us $10 each week, but what she would do is she'd hand it to us say it, you know, at the school gate, and then we'd all go down to the bank. And then we deposit it without deposit book straight to the bank teller, put it into our bank account. And, you know, we got the receipt back. And we could see over time, our all of our different lines on the on the checkbook, where, you know, our money was slowly increasing over time. And I guess that was probably the very first introduction for me with, you know, learning about money and how money works. But then, you know, fast forward five, five years or so when I got my first job when I was 13. Again, sorry, tax man, but I always got paid in cash back then. So the, the owner of that business would pay us in cash again, same thing, I think the best thing about, about having that experience when I was much younger is that I could see, you know, I guess cash, see notes and dollars and actually probably associated that mostly with walking straight to the bank, as opposed to walking into the canteen or something like that, Ryan 2:40you know, that was me when I was 13 or 14, I got a paper on. And so I would go around the streets blowing my whistle, people would come out and buy papers and tip you and that's kind of how I started. And yeah, same as you got paid in cash, looking back on it never even thought about tax or anything like that. But at that age, I think we'd be earning over the amount anyway to have to pay tax But Matt 3:02no, very true. Very true. So look at that was 13 was, you know, the first job and then that I slowly got pay rises in that and moved into to, I guess, well after school. So again, five years down the track 17 when I graduated, I'd been working part time for a fair while. And probably I think it might have been in year 12 I actually picked up a book called The barefoot investor. And that really taught me all about, I guess money management. So yes, I was putting all this money into a bank account, but I didn't really know why I was doing it, or what I was working towards. I just knew that I had, you know, a couple of $1,000 sitting in the bank. Ryan 3:42Yeah, so you have a good savings habit, but you had no purpose behind it or really goals or ambitions of what to do with that money. Matt 3:50Absolutely. And you know, the Barefoot investor was the probably came at the perfect time because by then, you know, 17, I bought a $3,000 car, I was then deciding that I was going to save up and go over to Europe and spend some money in Europe on a holiday but picked up the book and realized that okay, I can actually be doing all of that I want to end putting some more money aside to savings and investment down the track. So, you know, I walked into the bank when I was 18 when I was you know able to kind of control my own my own bank accounts and that and asked the lady if she could set up six online saver accounts. And she nearly fell off a chair because she was just she just didn't understand why I needed so many accounts. Ryan 4:37Yeah, well and as well five years ago, or even more, having that many online accounts was not very common, whereas now barefoot investors more prevalent having multiple accounts, you can just set them up online. Easy. Yep, Matt 4:50yep, so true. So look, I had my you know, I have my emergency account. I had my bills account where I'd pay all of my ratios and stuff throughout the year. savings, all that kind of stuff. And the best thing about it was, you know, car radio would come around, and I'd have to spend 800 bucks or something, but it didn't bother me at all I had to do is transfer it out of one account into my spending account and just pay the bill. So that was something that just, I think, really resonated with me and I kind of held on to that. Going into full time work. Ryan 5:20It has been so good the Barefoot investor and his whole money management. I've applied that to my own life with some tweaks as well. And it's that situation when it when a bill comes up a big bill like car Reggio, or insurances and things like that, when you've been putting aside the money every single week, you can just kind of take it, move it in pay the bill, it's so good. So I've done a video on explaining the bank accounts and buckets. And so I'll link up to that down below. But yeah, I run with that as well. It's the best thing ever. Matt 5:50So look, then we move on to after school worked three jobs at one point, worked very, very hard saved up, went over to Europe the first time and in spent about $10,000. For me back then that was a hell of a lot of money. But I managed to make it last for 73 days in the end, came back and then went straight into my first year of a Business and Commerce degree at uni. So always again, probably on the vein of learning about money and business, I really enjoyed the concept of doing a business degree. Yep, I moved into that and carried two part time jobs throughout my whole degree whilst whilst working full time, or sorry, while studying full time. So continued I guess the savings habit. And through that time, I managed to get over to Europe again for another two months. And then pretty much for the let's say second year onwards really started saving and putting all that money into a bit of an idea for me was was getting enough money for a house deposit back then. Ryan 6:57Okay, and what inspired saving for a house deposit barefoot investor, he tends to talk about, you know, shares more over a house or he does talk about buying your own home, but not so much investment properties. So what was it that got you thinking, Okay, I'm going to save for a house deposit. And how old were you on stage? Matt 7:16So first year at uni I was 18 second, third, fourth uni as bet what 22 you know, in my fourth year of uni, but I probably picked up a book by the name of Rich Dad Poor Dad, which again, another I guess household favorite. When I was maybe 20 years old. Yep. And it was in my let's say that was in my second year of uni started obsessing over property. And I was commuting 40 minutes a day, each way to uni. So I thought what better way to waste the car trip buyer starting to educate myself about property and picked up all of these different podcasts he was included, on what the property marketing in Australia does, how it works, how leverage works, how to buy a property, who you need in your team to buy a property, all that kind of stuff, which was, I guess, my education piece at the same time as I was, you know, putting all this money aside to save for a deposit. Ryan 8:14That's so cool to hear that, you know, you're using that commute time productively to learn about these sorts of things, which is definitely something that's massively changed my life in so many different areas, whenever I'm driving anywhere, going anywhere, even brushing my teeth, I'm often like listening to something and learning and I remember being a pharmaceutical rep, because I would drive around a lot. And so all the other reps would just listen to the radio and music. And I would I would just churn through podcasts after podcasts on two times speed. But I just learned so much. And it's just, it's really changed my life dramatically. And obviously doing the same thing has changed the trajectory of your life as well. Absolutely. I

https://www.youtube.com/watch?v=yD__-JjLsOI There's been a lot of changes this year when it comes to property finance in Australia. Lowering interest rates, government incentives, easing lending requirements have all played a role in easier access to money. In this episode we discuss with Michael Brown from MortgageBrokerSydney.com.au about what's been happening as well as some of the changes on the horizon. 0:00 - Introduction0:43 - The Tighter Lending Environment of The Last Few Years3:57 - Covid's impact on lending5:22 - Government making lending easier7:45 - Investors vs Home Owners9:35 - Things to do to get a loan more easily11:08 - Will lending get easier in 2021?13:05 - Discounts for low risk investors16:20 - Refinancing18:11 - Deposit requirements Transcription Ryan 0:00There's been a lot of changes this year. And in the last couple of years when it comes to housing finance and investment, property finance in Australia with everything that's happened with COVID-19, this year, lowering interest rates, government incentives, there's just a lot that's been going on. So today I've got with me, Michael Brown, who's a mortgage broker from mortgage brokers sydney.com.au. He's going to talk us through, you know, some of the changes that have been happening, and what the lending landscape looks like at the moment. So hey, Michael, thanks for coming on today. Michael 0:30Thank you very much, Ryan. Glad to be here. Ryan 0:32So obviously, it's been an absolutely crazy year. With everything that has happened. He really through I guess, you know, going back to I think last time I really did not date on this was when Apple was bringing in their changes. This was even prior to Royal Commission. What was it like kind of going through that period of time where lending was getting tighter and more restrictive? Michael 0:56Look, that was an incredibly frustrating time for any mortgage broker. And lending in general, particularly mortgage broking because we had our profession splashed all over the headlines, in a disproportionate manner, I would have said give to the banks, who, broadly were the real culprits, if I can put it that way at the time, and I found it very difficult. But as a general ism, everyone became so careful, and really, just just wouldn't do anything. It was such a cautious atmosphere to try and get anything done. And it was, it was very difficult. It's a bit easier now. But certainly, Ryan 1:41I kind of wanted to set up the contrast of what it's been like for the last couple of years to kind of what the landscapes like Now, obviously, COVID here, we had lock downs in Sydney, you know, around March or April, I can't even remember anymore. It's been that kind of year. But how have things changed now in the lending environment? Michael 1:59Is it easier to get lending at the moment. So if you if you walk through that period, very quickly, without trying to bore anybody, as the Royal Commission started to release findings, and you know, when people or institutions preemptively changed some rules, and then as they were advised of Royal Commission outcomes, they subsequently changed their rules, that produced a tightening of credit, which meant that it was more difficult to get money. And some of those rules you've seen, or you would have seen, sort of discussed with within the the media broadly around things like the level of investigation into people's living expenses, all the way down to what you had for lunch this week, which is a little bit excessive, but that's where we got to, and, and so at its worst, the the requirements for information were, you know, extensive, as much as information as you could possibly give, and even then more, I would have imagined, it'd be quite hard for investors to get bones around that time, just because of how tedious it would be to go through that process. Look, there were plenty of people who just gave up. And certainly, that period of time made it a little bit easier for me, because, you know, within the industry, at least we know how to sculpt an application, what exactly what information is required and what isn't. But it's still a long list and and very difficult. And the focus was absolutely, as you say, on owner occupied finance, not so much investors, they were trying to do anything to effectively, I suppose, make sure that their book was as safe as it possibly could be, and owner occupiers are always those. Ryan 3:54Yeah. And then with COVID, and then obviously, the government wanting to stimulate the economy, has that changed and become more relaxed now? Michael 4:02Well, COVID, obviously, brought another very brief tightening of rules as everybody's job became less and less secure. That that was, you know, that required that that did actually require, if you're going to do responsibly, some tightening around the information you would provide as an applicant, to determine whether or not you are going to have a job because, you know, no one wants to be in, in finance that they can't afford that started that that all of those requirements, or most of them have started to loosen. Now as you know, the way forward becomes a bit clearer through various pandemic advancements such as vaccines. And you know, and certainly given that Victoria is out of lockdown, so some of those job issues are overcome. We still have to do basic questions around it, but it certainly got a lot better. And since then, of course, we've had The government announced that they want to change the Responsible Lending outcomes or reduce some of those. And, and that also is starting to have, you know, a small effect on the documentary requirements and the accessibility of credit. Ryan 5:19So it's becoming easier now, to get Michael 5:21credit, it is becoming easier. It's only the first steps now, because the government only just recently released that bill in or introduced it to Parliament last week or this week. And so some of those effects won't take place until it becomes until they've had the industry stakeholders report back to them. And it becomes law assuming that it does. But you can already see some of the the banks angling with minor changes as to how they look at, again, things like living expenses, some some easing in some documentary, age, age of documents required that kind of thing. So it is becoming an easier, it's not I don't think we'd go so far yet to say is, it's easy, but it's getting there. Ryan 6:08When was a point in time where you feel like it was easy, because you've obviously been in this industry for a number of years now. Is that correct? Michael 6:16I've been in this industry for 30 something years, but way too long. Ryan 6:20I've been through so many things, that means you would have been through the interest rates of 14 15% 17%. Michael 6:27Yeah, all those early 1990s. I've certainly lived through all of those. I'm a bit of a contrast, we've got interest rates of 2% now and back then 17% for home loans and 20% for commercial. Ryan 6:39Yeah, I just I just did an interview with a investor, young guy that 25 who's investing in property. And he was disappointed, because he'd locked in a fixed interest rate about 18 months ago. And you know, what have been in that, you know, for four to 5% range. As we were joking about how years ago, if you had a locked in interest rate like that, it would have been goldmine. And now that's disappointing. Michael 7:04Like, I can remember a time when people were jumping at fixed rates of 14.9%. And they thought that was fantastic. So yeah, what a change. And that certainly does make it easier. Now, when you're fronting up, your capacity to borrow obviously is much higher, because the sums are worked on so much lower numbers, because the sounds are being worked out on Ryan 7:28you know, can you repay interest rates? The Father, Michael 7:31not 14%? Yeah, exactly. Look out on your actuals, as you probably know, but they're doing their sums now at around just a touch over five, which means you can borrow up a pretty reasonable sum of money. Ryan 7:44And are they still approaching it very differently as investors or homeowners, because I know they were doing that a couple of years ago, it was very focused towards first homebuyers or homeowners, we had better interest rates, it was easier for them, investors were having trouble, obviously, most of my audiences, people wanting to invest so Michael 8:03well, that probably dates back to around I think maybe I think it's for 2014 or 15, when APA really put their origin for the first time. And we really saw some clamping down on things like interest only finance, all the interest rates separated with an and all of a sudden, you know, the investors were paying these significant premiums over an owner occupier. And we are actually now starting to see those really come much closer together. You know, like you can get interest only finance at a premium only of 20 points over principal and interest for an investor and the difference between those rates and an owner occupiers only 30 or 40 points. To a couple of years ago, it was probably 100 points or more. Ryan 8:56Yeah, is 100 points. 1%. Michael 8:58Sorry, shouldn't talk the jargon. It absolutely is 1%. So when I talk about 20 points, we're talking about point two of a percent. Ryan 9:05Yeah. Which is, you know, not a huge amount when you're looking at previously, it was a whole 1% difference. Michael 9:11Yeah. And and we shouldn't remember, I'm not I'm not suggesting that, you know, we decry the difference, but the investor gets to claim it. So if your point 2% up, then potentially your real difference is only as much as maybe point one of a percent because, you know, it's tax deductible, generally speaking, whereas the occupiers obviously aren't. Ryan 9:33Yeah. And so we're moving forward or for people who are looking at investing,

https://www.youtube.com/watch?v=b3IomyO5Q3w Lisa Tran has been able to purchase 2 properties by the age of 30 and start her own successful business. 0:00 - Introduction1:00 - How did Lisa started in property?4:00 - First property details6:40 - Lisa's second property8:35 - Lisa's long term strategy14:57 - Using a buyer's agent18:00 - Lisa's next steps23:30 - Biggest takeaways Recommended Videos: Lisa's Video Transcription Ryan 0:00Today, I'm really excited because I'm interviewing a very inspirational woman who has been able to buy two properties before the age of 30 and start her own successful tutoring business as well. So today, I'm really excited to talk to Lisa Tran about just her property journey, how she got into property, some of the things that she's learned along the way. So hi, Lisa, thanks for coming on today. Lisa 0:24Hey, thanks for having me. I'm so excited. I've been watching you for so long. This is a little bit surreal. So Ryan 0:30yeah, it's also because you texted me or you commented on a YouTube thing saying I did a video and mentioned you. And I was just like, it came at just the right time, because I was like, Okay, I want to get back into talking to people who are out there just doing their thing, investing in property, creating the life that they want. And I was like, Oh, this person, I watched some of your videos. I'm like, Yeah, she she lines up, this is going to be great. So do you want to tell the people out there a bit about your property journey? Let's start, you know, way back at the beginning. When did you start becoming interesting? Interested in property? Lisa 1:06Yeah, sure. So I guess my journey is a little bit of a different one, because my interest in property came much later than when I actually purchased the first property, which seems a bit odd. Ryan 1:22So you purchase property before you actually interested in it. Lisa 1:27So when I was 23, my parents had been pretty interested in property themselves. I had a couple of properties themselves. And they're like, Lisa, you know, you got to get in on this. This is how you make money. It's not about the job. It's about, like, how much land do you have? So I was 23. I was studying pharmacy at the time, I was doing my internship. So it was a really busy year for me. So I had no interest in property whatsoever. But my mom was just like, you know, I'm gonna do all the research for you. I'm going to get out there and, you know, do the bidding for you. You just pay the mortgage. And I was like, oh, okay, sure. And I had no idea what I was committing myself to. Is this. Ryan 2:12Is this like, a parental obligation thing? Like you felt like, Oh, I have to do this because mom said it. Lisa 2:18I think sorry. But I guess like, I am also quite. I'm like the ideal child, I'd say I'm very like, yep, I'll just follow insert with what you want. As opposed to, like, verbally? Ryan 2:33Not me. I'm definitely not the ideal child. Lisa 2:36Yeah, definitely a parental pleaser, like, I just want to make my parents happy. Um, so yeah, I guess in that sense, I was actually really lucky and privileged to have parents who actually kind of knew what they were doing and got my foot in the door a lot sooner than I would have if I was to be interested in property, which only came down several years later. So yeah, I purchased that property when I was 23. Signing paying. I have saved my deposit. So I've been working, you know, from when I was 19, through 23, as a pharmacy assistant, so I had the money. It was just a matter of our parents. Ryan 3:18What were you saving for then if not a property? Lisa 3:21I don't know. I don't know. Actually, it was just that the money was accumulating there. Um, I wasn't the best saver either. But I used to wag a lot of uni in order to work. So I think that's sort of how it like, worked out quite well. Yeah, like I do 20 hours to 30 hours of work each week, as opposed to go into duty. So yeah, that's how I saved up that money. And, um, when I was 27, yes, everything's just churning along. I'm doing the mortgage repayments not really thinking about anything at all. Ryan 4:02So when you're 27, let's go back to 23. And that property, where abouts did you buy? Did you buy a unit house? Was there any strategy behind that property? Lisa 4:13Yeah, so I purchased a unit. And it was just like, the truly like one step down from where we lived in Melbourne. Right. I am in Melbourne. Yeah. Um, strategy wise, I started really, it wasn't strategy. And if my parents I don't think they necessarily think of it, like strategy for their own property investments, either. Like I think it was just like, find a property that's at a good price that we can afford. And let's just like, get our foot in the door. Ryan 4:46Like kind of by holder, it'll go up over time or eventually I'll pay it off. It's no like, okay, here's the next couple of steps and this is where I'm going to end up financially. It's just okay, by it and long term. I think this will be good. Lisa 5:00Yeah, exactly, you get it. Ryan 5:02So you actually timed the Melbourne market pretty perfectly there. 2013 or 2013 was kind of right before, I guess Melbourne and Sydney both went gangbusters over, like 2014 2015 2016, like peaking in 2017. So it's like you that as timing wise, if you could have like chosen Melbourne and Sydney, like, that would kind of be the time where you'd be like, okay, yeah, this looks really promising. It makes me feel good. Like, Lisa 5:31this is what I mean. Like, I literally had no idea. Exactly. So that even though I know, and that's the thing with property, like, I feel like, the more you learn about it, the less you know, at some point. So and I know for me that I'm not property isn't my be on it indoor, like, it's not the focus of where I want to be, even though I am really interested in property, like I still got my business. So there's only so much I feel like I can learn before I'm just like, okay, but I'm just gonna make my decision now, if that makes Ryan 6:03and so do you still own that property? I'm guessing in value over time. Lisa 6:08Yes, it has, which is good. Because I was watching on your channel, and on Ben's channel about how units are not necessarily the best investment? Oh, I have it. Should I sell it? Should I not? But Ryan 6:26what am I'm just gonna hold on doesn't mean that bad investments. It's more just like people getting into it. To consider the option. Yeah. Lisa 6:33Yeah, for sure. And you learn from your mistakes. So my second property, I bought a house, which Okay, Ryan 6:39so let's move forward to the second property. So you're saying around 27, things started to change? Yeah. Lisa 6:46So 27, I have a I had a pivotal conversation with my friends. A very embarrassing one, actually. So we were talking about property. And they asked me about my property. And they will ask me questions, very basic questions like, oh, is your mortgage, a principal and interest? Or is it interest only? And I didn't have the answer for them. I had no idea what they were talking about. I felt really embarrassed as a result. So I was like, Okay, I can tell from these guys that this is something that I should know. And because of that it actually spiraled me into the rabbit hole of learning about property. And yet, it was really fun and really interesting. And I realized, you know what, I've already got one property, I might as well actually just keep going with this. Like, I feel like the first property is probably the hottest in some ways. So I'm from there. I landed on your videos, watched a few of them. Throughout 2017 2018, I think I started watching more of Ben's videos on Pumped on Property whilst watching yours. And then I got in contact with Ben and got him as a buyer's agent and eventually purchased the property at the start of 2020. Unknown Speaker 8:07That's my story. Ryan 8:08So Ryan has COVID hit you were saying off camera is when you ended up purchasing. Yes. So Lisa 8:14just before Melbourne went into lockdown, like literally three days before I flew up to Queensland had a look at the property flew back down. I didn't stay a day because I had no idea what was going on with lockdown. So I'm really glad that we were able to just yet get everything done before lockdown started. Ryan 8:32So there's a couple of questions I want to ask you. The first is, I guess, around strategy and why, like, what changed there? And talk about why you decided to go with a buyer's agent? And then yeah, I guess how things have gone, and what your plans are for the future. So let's kind of start with strategy. So 2017, you started learning more about it, and then watching my staff and then staff and 2020 was when you purchase your property? What kind of changes? Do you have a strategy now? Is that something that you're aiming towards? Or is this still just like a buy this and it'll, it'll be she'll be right. Lisa 9:11She'll be right. Yeah. Um, to be honest with you, like I do think that mentality of she'll be right is, it is bad because like, I just, I generally feel that property is a good investment, like if you do decide to hold it long time and so with my strategy, though, I do plan to hold my properties long term and to pay them off. I think I'm quite risk adverse. So to me, I think purchasing a property and doing the whole negative cash flow thing like that's a little bit scary and then like just waiting for properties to increase in price. That's not to say that I might not be awful that down the track. Um, but yeah, I'm thinking of just accumulating properties for now. At my dream, dream goal, I guess, is actually have paid off three properties. And we'll have installed the granny flat for that property I purchased in Brizzy. And then I have four incomes coming in. And then I think I should be set after that.

https://www.youtube.com/watch?v=91qi5Rcfrpk As a property investors you want to make sure you get the most rent possible so you can get the best return on investment possible. Today we talk about how to increase the rental return on your property. 0:00 - Introduction0:55 - Differentiate your property3:33 - Marketing your property better7:36 - Doubling rental income9:10 - Presenting your property well12:00 - Increasing rents over time Rental Results - https://rentalresults.com.au Rental Results YouTube Channel Transcription Ryan 0:00As a property investor, one of the things you want to be able to do is to get your property rented, but also to get that property rented for the best price possible so you can get the best return on investment possible. So today I have with me, Lauren Robinson from rental results.com.au. She's a rental manager. I've been in the industry for nearly 20 years now, and knows a lot about this stuff. And in today's episode, we're going to talk about how can we increase our rental return on our property and make sure that our properties always rented. So hey, Lauren, thanks for coming on today. Yeah, thanks Lauren 0:35for having me, Ryan. Ryan 0:36Yeah. So obviously, we want to make sure our property is rented and not vacant, because when it's vacant, we're not getting any rent rental income at all. But also, we want to maximize the rent that we can get on a property. So today, we wanted to share a few of those things. So what I guess how many of the biggest tips that you have for how to increase the rental return? Lauren 1:00Yes, I guess it really comes back to the type of property of God, but often we find, so things that are ways to differentiate your property would be say, for example, it's a two bedroom unit in a building with 50 other properties. So that's really hard to differentiate yours when they're all sort of very similar layouts, offering the same specs, and it might be a new bill. So what you can, what things that tenants would be prepared to pay more for is typically storage. So thinking about like the over the, over the bonnet of the car storage solutions, or yet or having like maybe a storage option on the balcony that's approved by the body corporate, so often units lack storage. Also, for houses, it's also understanding the type of tenant that that's that it's likely to appeal to, and then the things that they want. So typically, especially in Queensland, it's a conditioning tenants are prepared to pay more for things like dishwashers, fence yards. So we often get asked, Would attendant pay more for ceiling fans? So it really depends, but typically, if if a property was if there was a house, say a three bedroom house, and one had ceiling fans, and one didn't, attendant typically wouldn't pay more for that. But there would be a preference towards the one with the ceiling fans, whereas if it was air condition, they would possibly pay $10 a week or $15. A week more. Ryan 2:27Yeah, so there's some certain things that's like, Okay, this will help my property get rented more quickly. So if someone walks in a three bedroom house, in Brisbane, every bedroom has ceiling fans, they're like, okay, check, at least they've got ceiling fans, if you walk into a house, and it doesn't have ceiling fans. It's like, Oh, that's annoying. But look, I can do standing fans, and I can buy it for 20 bucks from Bunnings. And that will be okay. So it's not like a deal breaker. They're not like, Okay, I'm gonna pay more for ceiling fans. But obviously, air conditioning versus ceiling fans definitely, in summer in Queensland, is a very big difference in your living experience. So I can understand why people would be like, Okay, I'm gonna pay $10 more a week or $20 more a week, or whatever it is for air conditioning. So what I'm hearing from you is it really comes down to understanding your property, understanding what people in the market want, when it comes to that type of property, and basically trying to work out okay, what can I give them that they're willing to pay more for? Lauren 3:31Definitely. Another thing I've seen happen. And we've actually experienced that ourselves where we've had a property, an organist come to us with a property that set on the market for, say, six weeks with a different agent. We've gone through and we've changed the marketing. So we've done professional photography, we've added the 2d 3d floor plans, we've had a virtual tour added to that advertising, and we've set it at the top of those searches. And we've been able to achieve $20 more awake, just and rented it within two days, purely because of the change in marketing. Ryan 4:02Okay, so this is someone who is sat vacant for six weeks. Yes. being advertised online, obviously. Wow. And then you're able to get $20 more per week. Yes. And rent it within a couple of days, just from better marketing. So you didn't actually change anything in the property itself? Lauren 4:18No. So nothing changed in that unit. And we actually manage others in the building. So we knew that it was being advertised below market rent. But yeah, purely came down to how it was advertised online, which led to us more attracting more tenants. Yeah. So Ryan 4:33what was so bad about the advertising before? I guess, people things to avoid? Basically, yes. So poor quality photos. So Lauren 4:43I think sometimes a misconception is that all property managers are the same. And I think sometimes people choose a property manager purely based on fees. And I think that's really important. And I think for investors that have had properties for a long time and managed by different agents, they'll know that you then Assign. So I think it's really important to make sure that you're really understanding Okay, how's my property going to be marketing? where like, what sort of things can that agent offer that other agents aren't doing? How will that attract a tenant at a higher rent? So I think that's really important to understand. Ryan 5:16And is it expensive to get professional photos done to get a floor plan done? What about like the what I've seen the walkthroughs, where you can click and move around the place like they're epic, they're the best, right? It's like, why doesn't everyone have this? Is it super expensive to do? Lauren 5:30No, it really isn't. It's Listen, you know, like less than a week's rent for all that sort of stuff. We do our own 360 degree virtual tours, so walk through to is, and yeah, so in those all those things are really important to make sure that you get you're getting a quality tenant, so the best tenant that's for that particular property, you're also attracting the type of tenant that you want in that home, you're getting the highest rent, and also in the quickest amount of time, which is all really invest at once Well, that's it's spending half a week to enter a week around, but now it's not vacant for six weeks. So you can start to see the payoff there. And then also, let's say that tenant only does a six month lease or 12 month lease and moves out, there's the potential of the property still in the same condition, you can reuse the same photo, so you don't have to pay for it again, next time. You just have it for next time. Ryan 6:21So if I guess marketing wasn't one that I expected to say, okay, you can actually get increased rent as a result of this. Yeah, Lauren 6:29I mean, I've got a marketing background. So I might have got a marketing degree. And so that's really important for me is making sure everything's really well presented online. Because I know myself when you're looking online at properties, if you see, you know, something online that doesn't look or local that appealing, you can overlook it, and then go on to the next one. And I think sometimes it really, you know, it can do an injustice to your property. And like I know others in the office have rented properties that are amazing, but looked really bad online. And then I went to the inspection were like, wow, this is incredible. We're gonna rent it. Ryan 7:04That's the one you hope you find when you're retired that there's no one open for inspection. No one's interested because it's just poorly marketed. But, but obviously, as investors, we don't want that. So are there any things that are like okay, for, obviously, not every property, but a lot of properties. These are like a few things that you see commonly that people can do to add value $5 a week here, $10 a week, they're $20 a week, their air conditioning is one we mentioned, storage in unit complexes is another. Is there anything else? Lauren 7:36Yeah, definitely. So depending on the area, so I myself have a property in St. Lucia. So it's near the University of Queensland. So I added another bedroom, just by reconfiguring the layout, and I was able to increase that rent from 260 a week to 520 a week. Ryan 7:53You say 260 to five. Lauren 7:57So it was it was a two bedroom. It's now a three bedroom. So I also spent 26,000 renovating that. So new kitchen, new bathroom, fresh paint. But you know, not a lot of money. And I doubled the rent in that. Ryan 8:11Well, that's it like you spent What? 26 grand, and then you get an extra Meili or $250 a week or something like that for it that will pay for itself in two years, basically. Lauren 8:21Yeah, definitely. So yes, I think it depends on the property. But I think yeah, there's definitely things and that work wouldn't work in every area. So obviously, changing that layout meant so like the livings really small now. But in that particular area, the students don't typically care about the size of living area, they want bedrooms and want to Ryan 8:42separate bedrooms, because they've got their own space. So yes, yeah. Because you knew your market, because you knew you'd be renting to university students, not to a family who would value that bigger living space.

https://www.youtube.com/watch?v=5Tc8OZKmdd4 If you're looking at getting into the property market, the first thing you need to do is save your deposit. And if you're anything like me, you don't want that to take an extremely long period of time, you just want to get it done as quickly as possible, invest in property and move on towards your financial freedom journey. But is it possible to save a deposit in just one year? Book in a free property strategy session 0:00 - Introduction0:45 - The 6 steps to working out if it's possible1:16 - #1: Work Out How Much You Need To Save2:05 - #2: How Much Do You Need To Save Per Pay Cycle2:33 - #3: Is That Actually Possible?3:15 - #4: How Much Extra Do I Need To Make?4:05 - #5: What Else Do You Want To Do This Year?5:45 - #6: What's Your 10 Year Goal? Recommended Video: How Much Do You Need For a Property Deposit? Transcription If you're looking at getting into the property market, the first thing you need to do is save your deposit. And if you're anything like me, you don't want that to take an extremely long period of time, you just want to get it done as quickly as possible, invest in property and move on towards your financial freedom journey. But is it possible to save a deposit in just one year? That's what we're going to look at in today's episode. Hi, I'm Ryan from OnProperty, helping you on your journey to financial freedom. And I set the goal of saving a house deposit next year, but I don't even know if that's actually possible. And if you're in that same position where you want to save a house deposit, see how quickly you can do it, save it can be done in a year, then follow me as we work that out. And I show you how to do it yourself as well. So it's really quite simple to do you need to work out how much do I need to save, break it down into you pay cycle monthly, fortnightly weekly, how much I need to save every month or week, etc? Then ask yourself, Is that even possible? And if it is possible, great. If it's not? How much extra Do I need to make? And is that possible? And also at the end, ask yourself and assess the situation say Okay, what else do I want to do with myself next year? And does this align with what I want my year to look like? So let's go through that now starting with number one, which is work out how much you actually need to save. So I recently did a video with Simon Everingham exactly on this topic, which I will link up to down below. But the basics of it is you want to save around a 10 to 20% deposit for your property, as well as about 6% in closing costs. For me, I'm looking at a $450,000 property times by a 10% deposit, and 6%. So you hear 45 grand for a deposit as a 10%. And then around 26 or 27 grand in terms of the closing costs. So all up, you're looking at around $72,000 that would actually need to save. So you can see there, there's my pretty simple calculations. So let's round that up to 70 grand, that's how much I would need to save. Now we're to go ahead and take that $70,000 and then we divide it by our pay cycle. So for me, I kind of work on a monthly schedule. So okay, how much would I actually need to save every single month? Or if you work on a weekly schedule, you divide by 52? How much do I need to save per week super rough estimates because I don't have my calculator on me, but I need so grand six grand a month, around 13 $150 per week. So that's how you break it down super easy. Next question to ask is, can I actually do that? Is that actually possible for me? Well, for me right now, my business is paying my way. So it's paying for my life and everything. My business income is pretty passive in nature, but it's just paying for my life. It's not giving me an extra $70,000 per year after tax that I can use to save towards a deposit. So for me, is it possible? The answer is a big fat or big fat Helmer, and my current situation current income? Is this possible for me? Absolutely not. Maybe it was just a single guy living in my van, but I got a whole bunch of kids to take care of. So the answer for me, unfortunately, is no. So the next question is, okay, how much extra would I need to make to be able to save that. So for me, I've got to pay tax on top of my money. So probably around 30% tax, which means i'd need to save around what needs to earn an extra $100,000 to say that 70% deposit. So 100,000 minus 30%, or minus 30 grand equals 70,000. So I'd have to increase my income by 100 grand, which is effectively doubling my income is what I would need to do next year to save a deposit. On top of that, I still got about 10 to 14 grand of debt that I need to pay off. So I need to add another 20 grand for that. So increase my income by 120. k next year. Is that possible? Look, it potentially is okay. I could potentially increase my income that much if I was willing to work myself to the bone. And that's why we have the last question, which is, what else do you want to do with your life this year, I found myself a couple years ago, deep, deep in debt. And I was really struggling to get by I nearly went bankrupt, I finally like pulled myself out of that increase my income and got myself in a good position. I have worked myself to the bone where it's really hard in order to do that. And so I have to ask myself, okay, doubling my income or increasing it by 100 grand, maybe possible next year. But I would have to work extremely hard, probably even harder than I've worked over the last couple of years to do that in just one year. Do I want to do that? And the answer for me and what resonates in my heart is no, I don't want to do that. I have worked so hard to get to where I am today. I still want to grow my business. I still want to grow my income. But I don't want to miss out on this best part of life that I'm living right now in order to do that. So For me, the answer is no, I'm still setting this as a goal. Because why not? If I don't achieve it, I'm not too fast. But it's okay. For me, it's probably a two year goal rather than a one year goal. And that to me goal is going to come more from increasing my income, rather than saying saving $3,000 a month, starting next month. So for me, it's more, okay, at least now I know that that 100 grand figure, that's how much I need to increase my income per year. And if I can do that, I could effectively easily save a deposit every single year. So for me, the focus shifts from Okay, every month, I gotta say this much to Okay, I need to get to this point where saving just becomes really easy for me. So what do I want to do this year? Does that align with me? And then also, I guess the last question that you can ask yourself is what is my 10 year ago, 15 years ago, 20 years ago, what is my long term goal, because sometimes we set these big goals of our saving deposit in a year, but we don't have the perspective of where we want to be in the future. And by taking a 10 year timeline instead of just a one year after you can give your one year goals some breathing room to work with. So for me my 10 year goal for properties for granny flats, I would own four properties for granny flats have a thriving business that I absolutely love. But investing wise, that's where I want to be eight incomes coming in. If I can get to that I'd be in a heavily cashflow, positive position, the properties will be paying themselves off over time. And when I do achieve financial freedom through the properties of a good level of financial freedom. So I think, okay, 10 year timeline, that's where I want to be, I also want to build my business so I can get to this income. And I can save a deposit every single year. So it kind of gives him breathing room this year, I don't have to do it. Next year, save a deposit in one year, I can focus on growing my income next year. And then the following year, hopefully saving a deposit in one year will be a lot easier. So if you're sitting there and you're thinking, Okay, I want to save a deposit in one year, is it possible, it's really easy work out how much you need to save. Obviously, you can adjust that you can go lower or higher on your how expensive a property you're going for, in order to adjust that. So rather than 450,000. If I go for 350, I would only have to save around 50 to $55,000. But you know, I want to push it a bit. If you're going up towards a million dollars, obviously i'd need to save a lot more money so you can adjust things there. work out how much you need to save, break it down as a monthly fortnightly weekly, whatever your pay cycle is ask yourself if that's possible. And if it's not possible, don't say Oh, it's just not possible, say how much extra Do I need to earn to achieve that? And what can I do to earn that extra income? And it's really that last question, what can I do to earn that extra income? That is going to completely shift and change your life? just continually ask yourself what can I do? What can I do? What can I do and you will be amazed with the ideas that you come up with. So I wish you the absolute best going out there and saving your property deposit. Make sure you subscribe to the channel for more property updates coming and great interviews with a whole bunch of investors and people in the industry. Thanks so much for tuning in. Until next time, stay positive

https://www.youtube.com/watch?v=0Ntr0rcFfHs One of the biggest fears people have when investing in property is whether or not their property will be rented or lie vacant. How do you make sure your property gets rented. Rental Results Rented Book 0:00 - Introduction1:26 - How to make sure a property is able to be rented before you buy it3:57 - Understanding the type of tenant6:09 - Marketing your property properly7:25 - Have you ever had an unrentable property?9:08 - How to rent your property faster10:53 - How long does it take to re-rent a property13:00 - Should you get a rental appraisal before renting a property? Vacancy Rate Checker Transcription Ryan 0:00One of the biggest fears people have when looking at investing in property is how do I know if my property is going to get rented? Or if you already own a property? How do I make sure that the property doesn't stay vacant? So today, I have with me, Lauren Robertson, who is a rental manager from rental results. And we're going to talk through this and she's going to give us some insight. So you can work out whether a property is likely to be rented or if you got a property, how to get it rented. So hey, Lauren, thanks for coming on today. Yeah, thanks, Lauren 0:30Ryan. Thanks for having me. Ryan 0:31No way. So do you want to just give us a quick rundown of I guess, who you are and what you guys do? And then we'll jump into you know, how we can assess this? Lauren 0:40Yeah. Great. So yeah, I own rental results. So we're a property management specialist company. We've been around now for over seven years, and we manage over 600 properties within the inner city suburb of Brisbane. So 15, Kay's from the CBD, also been doing property management for 18 years now. And we've won quite a few national awards. So yeah, it's a long time to be in property management. But love it still love the the industry. Ryan 1:07Yeah, so let's just say you've rented a lot of properties, you've seen a lot of properties in your time, you know a lot about this space, and what makes a property likely to get rented or what makes the property more likely to stay vacant? So let's start with the investors looking to purchase a property and then we'll go on to people who already own it. But let's say people are looking at a property. They're like, okay, I might want to invest in this property, but they hadn't they don't know about the market or the area, how do they know that property is likely to be able to be rented or not? Lauren 1:40Yes, I have also written a book on this, which is rented. And it's got a website rented.com. Today, you but basically, it comes back to understanding the market. So knowing what the vacancy rates in that particular area are understanding your property. So knowing the type of tenant that that property is likely to attract and whether there's a market for that. And then also making sure the property is priced right and presenting well. So there's a number of different factors. Ryan 2:10Yeah, so vacancy rates, that's quite easy to find sq m, have a tool that outline vacancy rates, and people go to onproperty. com. au forward slash vacancy, it'll redirect there, you can put in your suburb or postcode. It'll tell you what the vacancy rates are, what sort of vacancy rates? Will you assume a good versus bad? What should be avoided? Lauren 2:31Yes, I think something to bear in mind is vacancy rates, anything typically under 3% is good. So over 3% is deemed an oversupply in that market. Other things to consider is whether you're going to furnish the property or unfurnished so when you're furnishing it's, it's there's benefits, because obviously depreciation and there is definitely benefits around furnishing a property. But you do need to consider that only a smaller percentage of the market is looking for furnished as opposed to unfurnished. And also, it's it typically is only works in certain areas that you're going to have a high demand for furnished property. Those tenants tend to stay shorter term. So they tend to be a bit more transient than a tenant who's looking for a longer term, unfurnished property. Ryan 3:18So there's specific suburbs that furnish work and suburbs that don't like is it in a city that furnish works, because you've got, you know, people traveling for work and things like that? Whereas, you know, out of suburbs, not many people will want furnished? Is that exactly Lauren 3:33right. And also the current market with everything that's happened with COVID. So we don't have as many people coming to the city at the moment, we've also got less International, obviously, international troubles not happening. Yeah, so there are things to consider when you're furnishing and finishing, we've seen a lot of furnished properties lately come off the market, and they aren't finishing them. So there's a number of factors. Okay, Ryan 3:59so people are kind of moving towards that. So you mentioned the type of tenant in an area and understanding the type of tenant can we expand upon that? And what you mean by that? And how to find out that sort of information? Lauren 4:12Yeah, honestly, I think the best advice would be to speak to your local property manager, they're going to be able to give you advice on the type of tenant that property is going to attract, who's been looking for those properties, those features that that property, those tenants are looking for in a property. So for example, if you've got a house, typically that will appeal to a family with children or pets, and those people tend to want things like fence yard so that the pets or the children is safe. You know, they tend to want things like dishwashers, air conditioning for comfort, and they tend to be prepared to pay more for those types of things. So that's just a general idea. Ryan 4:52Do you have any examples of a property that maybe wasn't suited to the market and was difficult to rent as a result? Just So we can get an idea. Lauren 5:02Yeah. So I mean, obviously we've got, like we've we've like, yeah, I can think of one at the moment. So it was in a suburb near the university. And the owners in particular, were wanting a family. So as their ideal tenant, but that property had one bathroom, four bedrooms, the layout of the property was that the master was on one level. So downstairs and the remaining bedrooms are upstairs. So that which is someone with young kids, I know, when they were really little, especially It was like, Okay, I want to be on the same level Ryan 5:33as them because I don't want to be going up and down during the night. Yeah, for sure. Lauren 5:38And I think that's the sort of thing like, especially with one bathroom, too. So, you know, a family that, you know, they may want two bathrooms, or they would want all the bedrooms on one level, unless the children are older, then that may suit so I think it also comes back to how the property presents. So typically, external, like that is a big part of it as well. So tenants, you know, when you you turn up to a property, if it's well cared for well maintained, it's appealing to walk through, then that's likely to attract more tenants. It also needs to be marketed properly online. So I always recommend professional photography, 2d 3d floor plans, we do a virtual 360 degree walkthrough to is also advertising it on like the top real estate search websites. And also at the top of those searches, not just a standard listing, having an online booking system, so tenants can book times that suit them being able to show it at times that are actually suitable to your prospective tenants, as opposed to just you know, two o'clock on a Tuesday. Ryan 6:42So how do you how you market the property plays a large role in how likely that property is to be rented? How quickly for how much money etc? Lauren 6:51Yeah, so yeah, typically price presentation and promotions and knowing where the property sits in the market and making sure it's at fair market rent. Also knowing the tenant that you're likely to attract because of the property that you've got. And then marketing gearing that advertising towards that type of market. And then also making sure it presents really well online. Because I think sometimes properties are really there's they don't do it justice, because the photos that just Ryan 7:17tell them don't even have photos. It's like one photo the outside of the building. And that's it. And you're like, Yeah, I got no idea what this is like, yeah, have you ever because I know a lot of people investing the first time they're getting in, they're like, Oh, my God, like, what if my property is never rented and remains empty, I won't be able to afford this mortgage, have you ever had a property that was just impossible to rent, Lauren 7:41their properties will always rent. So it really does come down to your price presentation and promotion. So if it was $10 a week, you'd have a lot of people $100, you know what I mean? So at some point, there's going to be a price point where there's going to be interest, we find it really interest in some markets, we've got we've had our $10 reduction, all of a sudden, we've got three or four applications. So it's just can be set super price sensitive. And other times, you know, we've got people, you know, 15 groups handing up an inspection offering, you know, 50 $60 more awake because they want the property. So, yeah, Ryan 8:16yeah. So I think the big thing for people who are looking at getting into the market who are worried about this is a look at those vacancy rates, and see what they are in an area. Because if you are looking, you know, outside of metropolitan areas, potentially, you could have large swings in vacancy rates. And if you're in an area that's got, you know, a huge vacancy rate, then maybe you can't rent your property, or you're not willing to drop the price enough,

https://www.youtube.com/watch?v=VabfHO5_R0E You've achieved financial freedom so what now? How does that feel and what do with your time to ensure happiness, fulfillment and productivity? 0:00 - Introduction0:50 - My story2:45 - My motivation has plummeted5:00 - I've still got goals to achieve6:35 - No-one talks about "what next"8:00 - Transitioning from working hard to having balance13:00 - What motivates you?16:00 - How do I find balance? Recommended Videos: Can I Go From $100,000/year to $1 million/year? A Rant Financially Free at 32…Again Transcription: Ryan 0:00hey you're amazing people today i want to cover what i think is a really interesting topic is that i'm financially free so what now you've achieved financial freedom how does that feel and what do you do now what do you do with your time and with your life and how do you sort through all the emotions that come with that and that's something i'm wrestling with right now and while this is about i guess me and my journey achieving financial freedom and trying to work out what to do i think this will also apply to people who have not yet achieved financial freedom but who are looking at that life and saying okay how do i get more balance how do i find more purpose how do i know what to do long term what am i even passionate about so i think it'd be interesting topic to cover and i think hopefully you can get something out of it if not you can join me on my journey and it might be interesting at least so just to quickly cover my story and catch everyone up to speed if you aren't already i achieved what i call pseudo financial freedom at the age of 28 i had online businesses that were generating me enough income that i didn't need to work and for the next couple of years i basically didn't work i did a little bit here and there but i didn't need to work and i didn't i went through a whole myriad of emotions i found that when i achieve financial freedom which has been my life goal i thought it would make me happy and it didn't i went through what i call a great depression not an economic one but one within myself in my own life where i got really depressed being financially free and not knowing what to do went on a journey of self discovery over those two years which resulted in some really big highs and really low lows i managed to overcome an eating disorder that i'd had for about a decade as well as to overcome some depression in my life it's not something that's completely gone but it is so much better now than it was i also had some massive lows in my personal life end up going through a marriage separation and at the same time my business went through a downturn and i was no longer financially free so i achieved a 28 loss did it 30 the last two years i've been working to build that back up again i'm now nearly 32 now i am 30 2:33am i that old i didn't even know how old i am oh my god okay no i'm 32 yeah i'm about to turn 33 but for the last two years yeah i've been working to build that back up again and i now reached a point where again i've got that pseudo financial freedom so my business earns enough money to support my lifestyle where i don't feasibly need to work for at least the next couple of years and while i have plans to continue to work and to grow the business pay off all of my debt invest in property achieve that long term financial freedom i've also reached this point again again a second time where it's like okay i don't need to work what am i going to do and i thought that this time around it would be different because i've been through this before right i've had this freedom before and been through the depression and self discovery and this time building my business while i was in debt and in a worse financial situation than ever in my life i nearly went bankrupt i was way more in tune with myself and my life and what i enjoyed and what i wanted out of life and i was just so much happier in the process i wasn't trying to get financially free to be happy i was happy in the process and financial freedom was just going to be a result of my plan working out and me putting in the effort and that's exactly what happened and so i thought when i achieve this i will still be as motivated to just keep going because i enjoy my life i enjoy the work that i do that everything will be fine and what i've realized in the last couple of weeks since looking at my finances realizing okay i did it like i fucking did it and i'm back here again after realizing that my motivation to work hard writing articles i was previously getting up at 6am writing a couple of articles before 8am when i had to make lunch for the kids to go to school make coffee and then working again 9am through till you know 5pm or sometimes late in the night sometimes i shift my hours but dedicated to get as many articles as i can done as possible get in a routine of writing consistently just that massive motivation just plummeted massively and maybe that's as a result of different things in my life or not but i feel like it's just really interesting that motivation to keep going and keep pushing has dropped and i want to find that again because i'm still in debt i've got debt to pay off i looked at my debt last night and i still have 10s of 1000s of dollars worth of debt technically but i've got income or like guaranteed income from you know sales i've made or advertising stuff that won't come through until later that nearly cancels out my debt so i'm down to you know just a few $1,000 worth of debt at the end of the day once everything evens out that's where i'll be at and so it's like okay i've taken this debt from this massive unachievable nearly bankrupt thing down to this tiny amount but i still want to pay that off i still want to completely pay that off i still want to save up property deposit and invest in property and get that long term financial freedom i want to do that free i'm wrestling with the emotions of okay i don't have to work there's now no rush anymore and i guess i've realized that part of the enjoyment of the work that i had is not necessarily the work itself it's not the writing the articles that is fun for me it's the challenge of trying to achieve a goal and for me that goal was debt reduction and financial freedom and really financial freedom and just i guess you know being on top of things that i will be okay perpetually into the future and so i was like that challenge is what really drove me and really motivated me and now i'm wrestling with okay what am i going to do now how am i going to find that motivation and i realize that for a lot of people listening this listening to this it's like this is a self indulgent conversation i have achieved what most people set out to achieve in their lives and what many people never get to achieve and for that i'm extremely humbled and extremely grateful and so i'm not saying this to be like oh woe is me the financially free guy like it's not like that it's like no one has this conversation of what next there's all these conversations online of okay achieve financial freedom achieve your dreams

https://www.youtube.com/watch?v=9xnCtizqiNg With everything that has been happening lately you would be normal to think the Australian property market is likely to go down as a result. But this new data about Mortgage Finance from the ABS suggests that property prices may actually go up, at least in the short term. 0:00 - Introduction1:10 - New mortgage growth may lead to property price increases2:57 - New mortgage growth explained3:57 - The correlation with price growth5:39 - Growth rate seems to affect property prices9:05 - Are we in a bubble?11:33 - This seems to be a good short term indicator, but not long term Recommended Resources MacroBusiness Article ABS Mortgage Data

https://www.youtube.com/watch?v=bx2YmRCwOug It's been a little while since I've recorded a video but I'm excited to announced that I'm financially free…again 0:00 - Intro1:09 - My first time experiencing financial freedom3:08 - Struggling after losing financial freedom5:30 - Sacrifices were required6:30 - I now consider myself financially free8:05 - What's next for me?12:15 - No one really believed in me14:50 - I'm proof that you can do it too Recommended Videos: 5 Stages of Financial Freedom Transcription it's been a little while since i've recorded a video but i am excited to announce that finally i am financially free again i'm 32 and i'm now financially free for the second time having lost my financial freedom and now regained it now i call this pseudo financial freedom because i have income through online businesses that occurs automatically and so i don't technically need to work but if i just leave it and don't work in a couple of years i won't be financially free anymore so it's not the long-term financial freedom that you get through things like investing in shares or investing in property where you're financially free for your entire life but it does open up a lot of choices and it is really exciting so in today's episode i want to share a bit about my journey a bit about how i got there and what i plan to do now that i'm financially free for the second time at the ripe old age of 32. so hey i'm ryan from on property helping you achieve financial freedom and this has been something that i have been working towards and working really hard for over the last couple of years if you've been following my journey for any period of time you'll know that at the age of 28 i achieved sudo financial freedom for the first time having online businesses that earned in the low six figures where i didn't need to work i would work a couple of hours a week i would record some interviews and kind of just work for fun and work to maintain things a little bit so i had about two years where i didn't need to work so from 28 to 30 i hardly worked at all and i went on a massive journey of exploration during that time at 28 having achieved financial freedom which had been my you know life's ambition and life's goal i got really depressed because i'm like oh financial freedom isn't the pot of gold at the end of the rainbow it doesn't make me magically happy in all areas of my life yes it takes away some level of stress but i need to find my happiness and so i went on a journey about 18 months or two years of actually finding out who am i what is it that makes me happy and what is it that i want to do with my life now i worked that out got to a place where i was happy no longer feeling depressed i'd suffered with depression throughout my life so really great mental position to be in but then at the age of 30 i went through a separation and i also went through a business downturn so remember i talked about how if i don't work for the next two years then i won't be financially free anymore well that's exactly what happened to me is that i at the time that i was going through this separation and i had increased my outgoing so increased all my expenses paying for two houses and things like that at the exact same time that happened my business went through a really big downturn and so i ended up in a whole bunch of debt and i didn't have the income to service that debt so that was two years ago put me in a position where i was you know struggling to get by and for the next year to 18 months i really struggled to get by and to pay my bills i picked up a part-time job in a cafe just to i guess keep things going and to be able to buy food for the week while i built my online business see i still had some passive income coming in and if i didn't have three kids if i didn't have debt and i didn't have many expenses in my life if i was just a single person living in my van i would have still been financially free at that point i still had probably you know thirty to forty thousand dollars in passive income coming in around that point that i didn't really need to work for and but i wasn't financially free because my expenses were higher than that and so i spent it's hard to remember the timeline off the top of my head but probably six to 12 months where i was really drowning to the point where i had expenses that were higher than my income so i was going backwards kind of robbing peter to paypal so to speak so using debt in order to pay my current debt repayments that i had so i'd cut my expenses to the bone and i was working on my online business now i knew that this wouldn't be long term because i knew what to do in my online business to build it up again and to build the income up again but i also knew that it takes time because the businesses that i create which are niche websites or i write articles and make videos when you're working at it and you're writing the articles you don't really make any money in the first month but once you've written that article it's then out there takes about eight to twelve months to rank in google and start making money so it's about a year before you make money but then it makes money perpetually for multiple years after that so i knew that in the first year first two years i wasn't going to make a lot of money but if i could just get by for those two years then i'll really set myself up so at the time everyone was telling me ryan you're crazy go ahead get a job in marketing just get a high paying job and go ahead and do that but i had a vision for my business i had a vision for what i wanted to do with my life and i pursued that i had to cut expenses in my life move back with family i my car broke down at the start of coronavirus and when all of that hit so i didn't have a car and was fortunate enough to be given a car by my partner's brother and so i was so grateful for that but in a situation where okay if i hadn't had a job i would have been able to buy a car like living with family not being able to buy a car but i'm doing all of this work that i know is going to pay off in the future so i was poor in the moment but i knew that i wouldn't be poor in the future and it was buying me time to do the work and i could have gone and got a job but it would have made it harder to work in my business because when you put all your creativity into a job it makes it harder to make videos and to write articles after work especially looking after my kids half the time dealing with debt dealing with life in general so yeah so i spent you know the last kind of two years working on my online business and building that up and i'm now happy to say that i'm at the point where i would consider myself financially free so if i stopped working now my business would generate low six figures for the next couple of years without me having to work and actually the situation i'm in now i would consider to be more stable and more evergreen and long-term than the situation i was in when i was 28 so i put myself in a better position interestingly though i'm not debt free yet i haven't paid off all of my debt yet i've definitely whittled it down and got it down to a smaller and much more manageable figure but i'm not completely debt free so it's interesting because i'm financially free without being debt free but the income that i've had and this is why i talk so much about okay focus on increasing your income because i was able to increase my income my income is now enough to service the debt and to pay off the debt as well so the passive income i got from my businesses is paying for my bad debt and paying off my bad debt and eventually that will be gone within the next six to 12 months i should be in a position where i'm debt free if all goes well so it's been a big journey of a couple of years i nearly went bankrupt in there which is a story for another video but i'm excited to announce that i'm in a position now where i would consider myself financially free so if i was to stop working then i would be okay but i'm not going to stop working so what's next for me what are my plans for the future well the problem with being pseudo financially free is what i call it's just the term i made up because there's there's no real term out there for i guess the lifestyle i have in the business that i have so pseudo financial freedom is what we're going to have to deal with but one of the problems with it is that you don't have that long-term financial freedom so there's not that security of okay if i owned multiple properties outright and was getting income from them and living off them it's like i don't need to worry people always going to need to rent even if there's a housing market collapse and rents go down if you've got a lot of properties you don't have to worry about mortgages and properties are still going to be rented probably not for as much but you'll still be fine so that security is a different type of financial freedom so i don't have that and i'm still pursuing that so i guess for me i will be pursuing the longer term financial freedom is really important but something that's been super valuable to me is the last time i went through this at 28 to discover that okay financial freedom doesn't make you happy what does make you happy and i actually had the time to look at my life and to explore okay what is it that makes me happy and it was like okay relationships in my life make me really happy like the relationship with my partner the friendships that i have my family is really important so the relationships i have with my kids and the time that i spend with them and the things we do together that's really important and then also for me working is really important and actually pursuing things that i'm passionate about constantly learning constantly challenging myself is also important and so in the past when i achieved financial freedom my work had stopped being challenging and i didn't know what t...

https://www.youtube.com/watch?v=qBVNwxREUSA One of the hardest things as an investor is paying off debt and saving your deposit. When you don't already have those income generating assets it can be a really difficult process to do. But there are some tips that can help you along that journey. 0:00 - Introduction1:30 - Simon's Saving Story4:25 - #1: Get Realistic With Your Situation and Set Goals5:27 - #2: Pay Yourself First7:32 - #3: Reduce Expenses or Keep Them Low10:50 - #4: Make It a Habit13:33 - #5: Increase Your Income16:50 - #6: Delay Gratification17:47 - 2 Years Ago21:45 - #7: You Have To Sacrifice24:10 - It Gets Easier As Time Goes On Recommended Videos: Buying Our First Property: Our Current Plans The 15 Minute Budget Transcription: one of the hardest journeys as an investor is actually paying off your debt if you've acquired debt and then going ahead and saving your deposit when you don't already have those income generating assets it can be a really difficult process to do but there are some things that can help you along that journey some tips that both myself and simon have applied to really tackle this in our own lives and today we want to share those with you so hey simon thanks for coming on today no worries how you doing man yeah really good so in this we're gonna look at each of our situations so for simon he was able to purchase three properties in 18 months which is a huge achievement and he saved the deposits for his first two investment properties himself so really diligently saved over a number of years and for me i found myself in a situation where i went through a separation business went through a downturn i ended up in a whole bunch of debt like crippling levels of debt and i've been able to pay off tens of thousands of dollars worth of debt in the last couple of years and so i'll be sharing my examples on paying off debt and you know being in a really bad debt situation and simon will share his examples of not being in that bad situation but actually the next step which is saving the deposit and going ahead with that so simon do you want to start with your story when you decided to start saving your deposit and what steps you put into place in the beginning yeah so i really only started about three and a half years ago um actually earning enough of an income where i can really save a lot so i moved up to the sunshine coast from sydney at the beginning of 2017 and um that was the first time that i had had a full-time income prior to that i was at university or basically just around and surfing but just living up living the life to be honest and um i did always have really good saving and spending habits which was something that was incorporated from my parents from a super young age basically from the first job that i got they always encouraged me to save 10 to 20 cents out of every single dollar that i earned so that was something that i always did and for somebody that never earned a strong income but still wanted to travel and go out with friends and and have those choices i needed to when when i was only earning a little bit of income i still needed to make sure that i was saving a bit of money so i could enjoy my life so i already had those really good budgeting and savings habits but then when i came up here and i finally started to earn a good income i still maintain the same spending habits and saving habits that i had so even though my income had dramatically increased my expenses and my lifestyle stayed relatively similar which was one of the biggest things for me so creating that budget creating those saving and spending habits is super important um it's just not going to do it itself like it just really isn't like you need to sacrifice and you need to put these little things that stuck in place but it really enables you to get to where you want to be a lot faster and it's definitely allowed me to do that and you know even as my incomes consistently increase nowadays i like to buy myself a little toy here or there because my income kind of increased a fair bit like the other week i just bought myself a little moped scooter to cruise down to the beach with because my house is just around the corner from the beach i don't want to have to drive um and you know but that's completely fine but prior to that i was so regimented and so strict with my budget minimizing my expenses in my life you know never use after pay i would i don't have credit cards i would never finance a car loan and i would you know not enjoy all the luxuries of life to make sure that i can enjoy those luxuries in life for a much longer time than the average person yeah so what i'm going to do now there's so many good tips in there and little things that you do is that i'm going to break them down into the each of their components and then we'll riff off of those and talk about those so i think the first thing to start out there is to actually like get realistic with your situation so paying off debt and saving a deposit are actually i guess extremely similar things to do paying off debt i think is harder because you've got that negative effect of the interest saving a deposit that's bad saving deposits a bit more exciting because you've got you know some interest coming in but basically they're the same in that you're taking money from your everyday life and you're putting it somewhere whether to pay off debt or you're putting into a savings account to go towards your investment so the first thing i think is to i guess set your goals and get realistic of what they are so if you've got debt then that means writing down every single line item of debt that you have i know that was a big step for me to just say okay i'm not going to be in denial anymore i'm going to sit down and write down every single debt that i have tally them up and just go oh what have i done when it comes to saving a deposit it's a bit more exciting than that you can say okay what what sort of property do i want to buy how much do i want to spend and what percentage do i need of that whether it be 20 10 you can kind of work out how much you need so doing that and then simon what you talked about next is just paying yourself first and having a set amount of money go away each and every pay cycle that goes towards paying off debt or goes towards actually investing and so simon i think something you said that was really good was when you weren't earning a lot of money you still put money aside it wasn't for investing it was for traveling and stuff like that but you had that habit in place of paying yourself first and i think paying yourself first is definitely a habit and definitely one that allows you to pay off debt and allows you to save a deposit so much easier and then as your income increases you pay yourself first more money would you agree 100 you know always i think it's best to work it out as a percentage of your income like what my parents taught me as opposed to going a set amount work it out as a percentage you know how much it you know you've got to be realistic with this so how much your expenses in life because you need to pay your expenses you know you can't live for free and then you know understanding you know what sort of discretionary spending do i do i have on average per week what sort of percentage of my income is that and then going all right well you know there's all of this surplus income let's make sure that we do that what sort of percentage is that and then you know just increasing that percentage because it's unlikely that your expenses are going to increase dramatically um but you know that that income can increase a little easier yeah and so for me i've definitely done that running a business my income is a bit more sporadic i'm not paid every single week for night or month the exact same amount but i do percentages so percentage of revenue that comes into the business percentage goes towards you know paying the tax that i have to pay in gst percentage goes towards paying off debt which will eventually save towards my deposit as well so i have that percentage then i have to live off the rest the next tip um that kind of goes in line with this is to either drastically reduce your expenses or keep your expenses extremely low so as you said you're a uni student living off uni student money and then when you got a full-time job you continued to live like a uni student in a lot of ways so you kept your expenses really low for myself i dramatically reduced the expenses in my life cut everything to the bone so everything from phone bills to internet to even moving back in with family to save on rent so that i could pay off my debt faster there's a lot of different ways that you can do that but when it comes to paying yourself first i'm paying myself first then i've got a budget which i'm living off and trying to live off frugally and then any extra money that i have left over if the business does really well or if you get a bonus or you've got some extra income left over that i also use to pay off debt or i would use to save a deposit yeah and that's one of the big things that i've done with my life now that i do get paid profit share and dividends from the business so the way that i've set up my my life is uh my income pays for everything everything in my life my mortgages my insurances rates water living expenses absolutely everything my discretionary spending um so just my weekly fund money um and then a hundred percent of the dividends that i get which is about 50 of my income goes to investing and goes to paying off debt or goes to savings so as soon as i get paid um my my dividend which is just a bulk payment you know once a month or once a quarter bang straight into a savings account because i know that my income my wage supports my lifestyle all of my expenses which is great so that's been a really positive way for myself yeah and this is one of the great things about paying ...

both me and simon are on our ways to achieving financial freedom and we're going about it in very different ways to each other with me i'm focusing on online passive income growing my income streams through there getting what i call pseudo financial freedom first and simon is focusing on building up his property portfolio and he's working for someone else or working with his brother and part owner in the business over there so we thought we would share some of our best tips on how to become financially free and things that we've learned on our journey along the way so hey simon thanks for coming on and sharing today yeah yeah really excited about this one one of my favorite topics as we all know yeah both you and i have been very passionate about financial freedom i think your rich dad poor dad and those books really started it for me what about you what got you passionate about financial freedom over other investment goals the funny thing is it wasn't something that was really talked about in our family until sort of recent years so i never really knew what financial freedom was and every single person in my life was still working and nobody actually had any level of financial freedom that i was aware of um so it was only really when i started to kind of actually start taking action and start creating my plan where i realized oh financial freedom is something that we can all achieve yeah and so just so people know as we get into this each of our stories simon has purchased three investment properties in the last 18 months massive achievement congrats on that two of those being investment properties one being is own home so that's kind of his plan is i guess working in a job using that money to invest in properties and achieve financial freedom that way i've achieved what i call pseudo-financial freedom through my businesses so had businesses that kind of just worked for themselves and i didn't really have to work much i then ended up in a bunch of debt and wasn't financially free anymore and i'm pretty happy to say that i've worked myself out of that situation and i think if i stopped working today my businesses would again run themselves for multiple years and i wouldn't have to work so i'm not financially free yet but i've kind of built up that passive income stream online and then eventually i want to invest that into property as well so i've achieved it lost it and then kind of achieved it again and now i want that long term so we've both been on the journey we're not completely there yet but we've learnt a lot along the way and we want to share that and so do you want to go first simon with one of your tips for achieving financial freedom and moving towards that yeah definitely 1: Have a Clear Plan i think this is you know on both of our lists no doubt about it so maybe i can share my thoughts on um on this and then you can talk a little bit but it's having a plan and having a clear plan at that as well so that is the number one way to achieve financial freedom because the reality is there is so many different ways that we can do it you know you're going through the business avenue i'm going through the investing avenue there's so many different ways to achieve the same thing so rather than trying to pull lots of different pieces from all of these these different places um you know honing in on one and creating a plan with that one in order to to get to where it is that you want to be so for me it's kind of thinking all right well where do i want to be in the future or where am i going to be happy in the future and there are then reverse engineering and back from there so right now for me it's kind of replacing the average australian household income somewhere between 80 to 100 000 because that's going to give me options that's going to give me choices to do what i want when i want and all i need to do is reverse engineer that back utilizing my plan which is focusing on investing in properties paying off the debt from those properties and then living off the passive income for life but without a plan it's impossible to you know continue moving forward because you're gonna chip and change and you're gonna you know focus on all these different things and when i have strategy sessions with clients i i hear this all the time with people jumping from strategy to strategy plan to plan and you're just never going to get there with that you need to be super specific with your plan and you need to you know have an understand the big picture goal as the plan where you want to be then reverse engineer focus on each step at a time and just you know get the best possible results at each step yeah that was one of my tips as well is to have a plan and then work the plan and i think as you said it's really important set your goal up front for financial freedom i want this amount of income per year if you don't know how much that is we generally just say well look at what you're earning through your job right now you're probably living a pretty good life set that as your goal your first goal to replace your job income and then go from there and then reverse engineering it back using data using quantitative data i think to work out okay how many properties do i need to own or for me in my business it was looking at okay how much does this article earn that i write or the videos i put out earn and then actually creating a number from there how many do i need to have and then working that plan is super important so then saying okay how much work do i need to do each month or whether it's buying properties saving those deposits and actually buying the properties a lot of people when it comes to financial freedom are just like oh i want to be financially free as quickly as possible and they go on these like highfaluting ideas of you know get rich quick schemes and we're not about that sort of life we're about the okay this is a concrete plan yes it's going to take time but it actually financially makes sense and we've got the data to back it up so for simon when his properties are paid off he knows how much rental income he's going to be having in so he knows how many properties he needs to own and so getting as specific as that is really good 2: Create Passive Income Streams for me my tip number two would be to actually look at creating passive income streams and so for me this was actually creating income streams from scratch online creating websites adding youtube videos all of that sort of stuff but actually looking at the world in different in a different way and saying okay how can i actually create an income stream whether it be from scratch or how can i actually maybe purchase an income screen income stream and then achieve it that way for sure i i love that as well and you know there's going to be multiple income streams throughout the journey you know i look at it and i follow the rich dad poor dad method which is just acquire income producing assets that's why i'm focusing on property because you know i get paid rent rental income from those properties i if for my particular strategy i can get depreciation benefits another income stream i also get capital growth from that property so a few different there and then i've got my job as well where i get paid a salary but then i've also negotiated to become a part owner in the business as well so i get profit share from the business as well which you know can really help with that saving and fortunately now i've also got a partner as well and she's on a full-time income and we can couple all of those together and basically our plan is to until we're where we need to be continue reinvesting all of that income no matter where it's coming from to get to where we want to be as soon as possible yeah and so for me with creating those passive income streams in the business i rather than looking at a business and designing a business to make a lot of money up front i was very specific in the way i made money so rather than like taking on clients for example where they pay you an upfront fee to do work i always focus on my business okay how can i do work up front that is then going to continually pay me which is how i ended up with the business that i had and it's a complicated business because you earn nothing in the beginning but as you do more and more work the passive income starts to build up so yeah i think creating those passive income streams whether it be through the work that you do or as simon said you know purchasing income producing assets and then also reinvesting and continually investing and reinvesting the profits of that as well to build up that asset base that's continually generating you more and more passive income yeah i guess that's sort of a a pseudo tip if if that makes sense because yeah you definitely to get to financial freedom you need to continually reinvest that that's those earnings um so that's a good one there um 3: Be Realistic

https://www.youtube.com/watch?v=bjwGqXbHMBQ There are some steps I'm taking on my journey to grow my income and become a millionaire. Today I want to talk about a baby step I took recently on my journey towards $1 million per year. 0:00 - Introduction1:40 - Understanding a bit about my business4:15 - My baby step is: Paying people to write articles7:00 - Investing in assets that generate income8:40 - A big realization that the work I'm doing is only worth $45k/year10:50 - A shift in mindset13:55 - Do I even want to get there? Or do I want to focus on lifestyle? Recommended Videos: Exploring Financial Freedom (Financial Freedom Doesn't Make You Happy) Can I Go From $100,000/year to $1 million/year? A Rant My Financial Gameplan (2020) The Unsexy Side To Achieving Financial Freedom Transcription: hey all you amazing people i'm ryan and today's episode is going to be a personal chat about some steps that i'm taking on my journey to grow my income and become a millionaire basically which kind of sounds ridiculous to say but the other day i had the realization that i could go so far with my current mindset and earn a decent amount of money with my current mindset working by myself writing articles and doing stuff like that but i had this realization the other day that earning ridiculous money what feels like ridiculous to me we're talking a million dollars per year someone earns that someone does it so it must be possible so previously that was completely outside my realm of possibility didn't even think about it i wouldn't even imagine it wouldn't even dream a life like that because it just i don't know why but i just believe like that's that's not for you that's not possible that's not the life you're going to live and i was on the beach with my partner crystal and looking at these waterfront houses and thinking someone earns that money and i had this realization the only person stopping you from achieving that is yourself and your own belief systems so i did a full episode kind of working through that together together all by myself but on camera so you can follow on the journey i'll link up to that down below and today i want to share with you some steps that i'm actually taking towards that now this is a baby step i haven't taken huge massive steps or made massive investments or anything like that but this is what i think is kind of a monumental baby step along the way if that's even a thing so to understand you first need to understand a little bit about my business and i run an online content business so i write articles i make podcasts i do videos like this one but i have a bunch of different channels and websites so i got on property but then i got a bunch of others in other niches as well so i write the articles or make the videos and then over time they generate passive income so you write an article once it'll generate traffic to your website and advertising revenue you know perpetually for you know kind of three to five years sort of thing until it tends to taper off i've got some articles that are still going strong ten years later and doing well but you know a lot of them tend to last a couple years and then taper off so i was looking at my business and what i can achieve i've always done everything by myself write all the articles format editing making the videos all by myself and i was looking i guess at the three year time span which is how far i can look and i thought okay given the work that i'm doing if i keep doing this for the next three years if i get the results that i think i'm going to get probably looking at a pretty decent income you're talking mid six figures sort of range somewhere between you know 100 000 uh if things don't go well to 500 000 if things go exceptionally well and everything goes to plan which let's face it it never does but kind of in that sort of range which is amazing money don't get me wrong like that is incredible i'm incredibly humbled and grateful that i have the skills that i'm able to do that and the patience and the dedication to put in the work to make it happen because it it has been hard and you can see in some of my videos i'll link up to my game plan down below where i talk about how i basically worked an entire year full time for nothing in order to build up this business or my video on the unsexy side of financial freedom i'll link up to those down below you can see some of the tough times but i'm extremely grateful for that and that's great and there's nothing wrong with that i could very happily have a great life like that i'm also very happy in and of myself and that i don't need a million dollars in order to be happy i used to pursue financial freedom think he would make me happy i achieved pseudo financial freedoms for my business i wasn't happy i kind of found what made me happy or you know i'm working on that every day and i'm pretty happy at the moment even without great income so the goal isn't to earn more money to be happier it's just like i love the challenge and i love the progress so this monumental shift and what is the baby step i've been talking for minutes now without even sharing it the baby said is this i've always written and done everything myself and my baby set was i actually paid people to write articles for me so it sounds huge no it's not huge i invested you know maybe a hundred dollars into getting two to three articles written and that was it that was my step i did some research into different businesses that can create content for you so they have writers or contractors and you pay a set fee for an article so in this case i think i was paying 30 u.s for an article so you're looking at around 40 45 australian dollars in order to get a 1 000 word article written now to me that seems ridiculous like i could easily write those thousand word articles probably in an hour maybe two hours and i just thought oh like for what i'm getting and what i'm paying just doesn't seem worth it and so it was so hard to kind of step over that barrier and to be like okay i'm actually shifting things now from just doing everything myself and i'm now investing money in order to hopefully see a return and i'm starting really small because i've made massive mistakes in the past where i've invested my entire life savings into things i've done it a couple of times and lost a lot of money so this time around i'm like okay i don't need the money from these articles this is not a get rich quick scheme this is me taking baby steps to learn okay how do i outsource content how do i get writers how much is it worth paying do i need to actually hire writers myself but this is these content places you don't have to hire anyone you just pay them the money and you get an article back so it's a real baby step probably overpaying for what i could be getting but it's a step in the right direction and i did the numbers on my business and looked at okay how long does it take an article generally to earn around 30 us dollars and it varies depending on the article but somewhere in that 9 to 12 month range for an article to earn its income back or to earn 30 back so theoretically if this goes to plan then if i invest the money within one year i should have that money back and i'd have the article that that person's written now those figures are based on my articles i know how to write really well so maybe it'll take longer than that maybe these articles will perform really well and it'll be shorter than that but i really like this idea of okay i'm spending this tiny chunk of money to invest in an asset and for me it's an asset within my business so it's an article and ideally that article at some point is going to pay for itself so i invest the 30 dollars ideally within 9 to 12 months i'll get that 30 dollars back so within a year that article effectively just becomes a free asset or something that you know i have no money invested into it's just kind of there and hopefully that would then go on to earn another 30 or 60 dollars per year for the next three to five years and so you can start to see that okay within a year you're getting your money back or you're getting 100 return on investment and then you've still got the asset and so this is what's really cool about this and really cool about this step is that i can only write so much i can write about 10 articles a week consistently if i want to do that and so i can do that i'm going to continue to do that anyway but that limits me to how many articles that i can write whereas if i have extra money which i do and i invest that money into other people writing then the return on that investment could be great could be better than property could be better than shares a lot faster maybe it won't last for as long it's obviously tied to more risks with the business and things like that but that's feasibly a way to grow my business a lot faster so if i let's say i write 10 articles per week and let's say i pay for 10 articles per week as well that's 300 u.s per week or about 15 000 usd per year that i'm investing into other people writing does that mean okay i write articles probably twice as long as this but so even fifteen thousand if i did the longer articles thirty thousand dollars u.

https://www.youtube.com/watch?v=jr1v5WgC77o If your goal is to be financially free, where your investments are completely paying for your life and you have choices to do what you want with your time then these stages are great signposts on your way to that goal. Understanding what stage you're in can help you stay motivated and help you to know exactly what to do to get to the next stage. 0:00 - Introduction1:35 - Stage 1: Survival3:47 - Stage 2: Progress6:41 - Stage 3: Debt Free8:57 - Stage 4: Growth13:11 - Stage 5: Freedom Recommended: How I Got Myself Into Debt How I'm Paying Off Debt Transcription: hey you incredible people today i want to talk about the five stages towards financial freedom so if your goal is like me to be financially free where your investments are completely paying for your life and you have choices to do whatever you want whether that be go to the beach every day or pursue a job that you absolutely love then there's actually stages to get there we don't just get there overnight and these five stages five stages of progress towards financial freedom i find it just really good benchmarks really good goal posts so we can look at it and we can say okay where am i at right now in this journey and what do i need to do to move towards the next stage something really interesting in my life is that a couple years ago i was what i called sudo financially free started business an online business that was generating me enough income that i didn't need to work and so i had a couple of years where i basically didn't work because my business was paying for my life but what i didn't realize at the time was i was actually only in stage three of the journey towards financial freedom i hadn't even moved to stage four or gotten to stage five yet whereas if i knew this if i knew what the stages were i could have realized instantly you're only in stage three ryan you've got to keep working or you've got to be smarter with your money to move to stage four to ultimately get to that long-term financial freedom so that's the journey that i'm on now i'm excited to share these stages with you and i hope that you go through this and look at okay where am i at stay motivated what do i need to do to get to the next stage so starting with stage one this is the worst stage to be in and that's the survival stage this is the stage where you're just struggling to get by you've got a lot of bad debt consumer debt so that might be credit cards or car loans or personal loans or student loans you're kind of buried in debt you're buried in the expenses of life chances are in survival stage your income is actually less than your expenses so you're getting to the end of each and every pay cycle and you don't have enough money to keep living this means you either just go without you know fasting can be healthy so maybe you do that but more likely you've got a credit card and you're using that to get by at the end of each pay cycle so you're in this really bad situation where you're not getting ahead you're quite far behind already in terms of net worth you've got more debt than you have assets and so it's just it's just difficult and to be honest this is the stage that i've been in for the last year last two years maybe so i was in stage three with my business doing well and just kind of getting by and then my business went through a downturn i went through a separation ah a lot of stuff happened and i moved back to stage one so while we would like to be constantly moving up towards financial freedom stuff happens in life right life isn't a straight line it's not perfect things go wrong and that's definitely what happened to me i didn't prepare i didn't do well enough and so i ended up back in stage one which is survival now i'm still in this stage no i'm not i'm in stage two a year ago i was in this stage and it was horrible i couldn't really pay my bills i was living week to week paycheck to paycheck so to speak and i was getting to the end of each pay cycle not really having enough to get by and i was robbing from peter to give to paul i was just in this bad kind of debt cycle and bad situation and so that's stage one and when you're in stage one it's time for some drastic change you gotta make some changes in your life in order to move into stage two stage two is where things start to click the rubber starts to hit the road and you start to actually build the skills that you're going to need in order to get you towards financial freedom technically it's still the stage that i'm in it's the stage i've been in probably for the last year and this is where you're actually making progress so stage two is progress where you're increasing your income you're decreasing your expenses so you've got money left over at the end that you can go and put onto your debt so you can start to pay off debts so you're still in a negative net worth situation you're still not in a great situation you may be living below your means in a way that isn't long-term sustainable i've definitely been doing that for the last year where you know i just haven't been spending money and it's not long term a great way to live but for now i'm just not spending money so that i can pay off my debt as quickly as possible so stage two progress is all about paying off your debt it's learning how to budget it's learning how to pay yourself first so when you get paid each and every cycle a percentage of that money goes towards paying off your debt first and then you have to live off the rest or if you can't live off the rest no credit cards no getting into more debt you've got to work out how can i earn some extra money so i can get by but your debt repayment should be automatically happening ideally or if they can't automatically happen you're just living frugally so that you've got money left over to pay off your debt so this is a really exciting time because you've taken control you've taken responsibility as well to say that i got myself into this bad situation i'm not going to be a victim of this anymore yes life may be hard yes it may suck that i'm in this situation but i'm here and what am i going to do about it hey i can do this like i just remember a year ago being nearly bankrupt or a bit more than a year ago now and just being like i'm going to get myself out of this situation i'm going to build up my income i'm going to build up my business and then things would happen time and time again where i felt like the universe was just kicking me down i'll put a meme over this video that just shows um how i felt like i was drowning putting my hand out for help from the universe and the universe was just like giving me a high five and saying you can do it it wasn't giving me a hand out it wasn't helping me it was just kind of like kicking me while i was down but in this such situation i was like no i'm gonna do this i take responsibility that i got myself in this situation i'm taking responsibility that i'm going to get myself out of this situation start getting creative with it how can i just drastically reduce my expenses how can i grow my income and make more money so i can pay off my debt faster that's stage two which is the progress stage where you're making progress towards not being in a negative net worth situation and start moving towards actually acquiring assets and financial freedom stage three is the debt free stage so this is where your debts are completely paid off your bad debts i'm talking about so consumer debt car loans personal loans student loans etc things that aren't generating you income or aren't paying for assets so i wouldn't classify a home mortgage in this because ideally the value of the home would offset the value of the mortgage if you had to sell your home it would cancel itself out or maybe your home's worth more so i'm not kind of counting that i'm just looking at bad sort of debt in this situation so stage three is debt free where you're not necessarily making progress and acquiring a lot of assets but you're also not getting into more bad consumer debt so when i was pseudo financially free through my business so when i had those couple years where i wasn't working because my business was just paying for my life what i didn't realize was that i was actually stuck in stage three i was actually stuck in a situation where i was basically spending every dollar that i earned now towards the end of my pseudo-financial freedom i actually moved into stage four started saving money before business took a nosedive life took his twists and turns and i went back to stage one so i did actually get to stage four for a few months before i dropped back to stage one but yeah stage three is like okay i'm debt free i don't have these liabilities net worth is basically zero or maybe i've got some superannuation or something but i'm not actually moving forward i'm not actually getting any passive income from assets i'm totally reliant on the income that i can drive through my work or through my business so it's a good situation to be in in one state because you're probably living a pretty decent life you're not getting into bad debt but it's a bad situation in that you're not actually moving forward towards financial freedom you're just kind of staying flat any pay rise that you get you're spending that extra money to improve your life and to catch up to where you felt like you wanted to be and if you're not careful you can stay in stage three forever i had a financially free business and i was still in stage three and so stage three is debt-free it's like kind of a respite before okay let's tackle this again let's move to stage four let's move towards financial freedom so stage four is the growth phase this is i guess similar to the progress phase where we had extra money while paying off debt but now instead of that money paying off debt we're actually using that money to acquire assets that are going to grow in value...

https://www.youtube.com/watch?v=EDHgEPd2mE0 What does it take to be a millionaire or make $1 million per year? What do I need to change in order to get there? Today I had a mental breakthrough where I realised that I didn't actually believe being rich was possible for me. 0:00 - Introduction0:40 - What happened today2:55 - My incorrect beliefs about making $1 million4:09 - Hard work vs solving hard problems7:15 - I haven't even thought it was possible10:40 - Value vs effort14:35 - I need to start outsourcing17:55 - Time to step up as a human24:40 - It'll suck in the beginning trying to learn to hire people28:00 - Nothing has changed in my day to day, but my mindset has changed29:05 - $1 million won't make me happy31:38 - I'm not perfect Shark Tank How He Made His First $1 Million Recommended Videos: How I Got Myself Into Debt The Unsexy Side To Achieving Financial Freedom Transcription: what does it take to be a millionaire to make a million dollars per year and how do you get there what what do i need to change in order for me to get there and i wanted to sit down and record this quick video not really sure if i'm going to publish it or if it'd just be for me but i definitely have in my mind at the moment that i could make a decent income through my business you're talking low to mid six figures so like three to five hundred thousand dollar range i feel like within the next few years that is possible in my business with the strategy that i'm implementing and that is extremely good money don't get me wrong but i went out with my partner crystal today and we went for a walk along like the bay down here and we were just sitting on the beach getting some sun out the front of these houses and these houses are just absolutely amazing right on the bay right on the water just done up really well really beautiful it would just look like amazing places to live with such a beautiful view like who wouldn't want to have a coffee in the morning looking out at that and i just had this kind of moment sitting there where i was like how i think i i think i even said it to crystal i was like how does one earn enough money to even afford a house like this like these houses would be worth multiple millions of dollars three five million plus probably it's like how does someone earn enough money to afford a place like this it just kind of feels out of reach it just kind of seems like ridiculous money and then i just like even just saying that i had this realization that my own mindset i feel like that low to mid six figure is definitely achievable i've achieved low six figures in the hundred thousand dollar range multiple times in my life through being an employee and through running a business so i know that that's achievable and actually achieving that feels quite easy to me and i know that's kind of hard to say and hard to publish i don't want to gloat about that or anything like that because i know there's people out there who struggle to make money but for me creating a business that makes that level of income makes sense it's part of my skill set it's something that i can do there's obviously no guarantee that the business will succeed but it's like okay with with a fairly good confidence rating i could start a business that would achieve this within a certain period of time but it's interesting because like that's achievable for me and that seems easy but making a million dollars a year seems ridiculous like how was how would one even do that and i've got in my mind that in order to make a million dollars a year you have to have this completely unbalanced life so for me i am a cruisy person i like balance in my life i'm happy to work hard um but i don't like it consuming my life it's not the most important thing to me my kids spending time with them being around as a dad um being a good partner is probably the more important things to me than money though in saying that when i had no money it's like you've got to work and you've got to do it and so that took priority but i know in the past that when i've had enough money it's not my priority um but yeah i've just i've got this false assumption in my mind that in order to make good money and be a millionaire you have to work like crazy and i just don't think that's true like i'm just questioning my own false belief systems here that just because like is a lot of money doesn't mean that you have to work really hard you have to work smarter yeah but this comes back to the problems that you're working on and how difficult they are like i remember working in the cafe earning basically minimum wage and it was hard work like it wasn't hard but you know it was work and you were busy and you had to keep going you had to be on top of things like you it was non-stop most of the time you'd get times where you could stop and have a coffee and chill out a bit but most the time you were working and it was like okay this is hard work but you're not applying your mind a lot and you're not solving hard problems and then shift over to the business that i run in the online business and it's like that's hard work but it's a very different type of hard and the problems that i'm trying to solve within the business are harder than the problems within the cafe and i probably don't work as hard in my business as i would have to in the cafe yet it earns more money so i still work hard in it but the type of work you know i work in the van i go park at the beach i do some writing and then i'll do some emails i'll record some videos um i need to think like i get tired from like all of the thinking that i have to do so it's hard in a very different way um but it makes more money and it's like okay i have just realized i've got this belief system holding me back that in order to make that level of money it's actually like i feel like it's unachievable for me like it's just not possible it's not even within the realm of possibilities and a video came up for me on youtube today about one of the guys from shark tank about how he make made his first million dollars and i'm just starting to watch that i haven't watched all of it but i'll link up to it down below if i do publish this video and it's like i know there's that saying that the first million is the hardest and after that it's easy i would say that with the first hundred thousand as well the first hundred thousand is the hardest or the first hundred thousand in business especially is the hardest and then after that it has been easier for me to achieve over a hundred thousand dollars a year through my business so the first hundred thousand was definitely the hardest and it was strenuous and difficult to get to that but once i got to that getting back up to that level even after nearly going bankrupt even after my business dropping significantly building up i now have two mainstreams of income in my business but i'm basically once kind of maintained level and that is good for cash flow but then i'm building one from the ground floor up so at its peak it made around 30 grand a year and then but when i started working on it it was down to probably um 15 to thousand dollars a year so that's where the business was starting and i've been working on that and building that up and within a year i've built that up to probably around fifty thousand dollars per year and in another year i would expect it to be over a hundred thousand so it took me two years to go from you know 10 20 grand to a hundred thousand if all goes to plan and it's like okay that's achievable but then to take that from a hundred thousand to a million like i haven't even thought of it this is the thing right i've been striving away here to spend these two years to grow to a hundred thousand and that's been my goal that's been what i'm striving towards and what i've been doing and what i know is achievable and that's been my focus and so all of the problem solving that i've done have been around okay how can we get to this hundred thousand dollar mark but it's like what if i just change what do i change the goal post what if i just change it from 100 000 to a million it's hard because i really do have belief systems that hold me back to say that's not achievable you can't do that um i have belief systems to hold me back that say you don't actually want to achieve that because in order to be a millionaire you have to sacrifice so much in your life you're not going to be the person that you want to be you know you're going to work too hard you're not going to see your family but no now i'm starting to think like with my business when i grow up to 100 000 it'll be mostly passive income it'll be pseudo financial freedom like so it'll be passive income that'll only last a few years so i'll still have to work to maintain the business so it's not really passive income but definitely flexibility in my schedule which allows me to spend time with my kids and pick them up from school and you know i'll pick them up and take them to my mums this afternoon and we're all having dinner together and so i can do that at a level of a hundred thousand which for people earning a lot less than that might think that a hundred thousand you have to work your ass off in order to get there and for some people that's true but for me i can still get both the lifestyle and that level of income and so why can't that be true for a million and so i was thinking about okay imagine owning one of these houses on the water that is absolutely amazing imagine getting up in the morning um with like my partner and the kids and like we just have this awesome house and we get up in the morning like i love mornings but it's like imagine if we had this amazing house to wake up to in the morning so that i could make coffee in the kitchen overlooking the water as the sun comes in you know crystal can be having a shower and doing her hair which she tends to do when i make coffee and the kids could be watch...

a lot of investors especially newer investors want to purchase an investment property near where they live there's a lot of benefits to that but there's actually a lot of risks and negatives associated with that as well so if you're wondering should i buy a property near where i live or should i invest somewhere else today i want to give you some pros and some cons to help you think about it and make that decision for yourself hey i'm ryan from on property helping you on your journey to financial freedom and i remember growing up as a kid my parents wanted to invest in property and so they looked within the very suburb that we lived in so cronulla here in sydney beautiful beachside suburb they had purchased their own home in the area they were looking to buy an investment property and they ended up purchasing a unit in cronulla they owned it for a couple of years i think it was negatively geared ultimately they ended up selling the property at a loss unfortunately and didn't make any money off it now that's not to say that happens to everyone a lot of people invest near where they live and have great success but how do you know whether you should invest near your home or not what are the benefits of doing it what are the negatives of doing it and why do so many investors go to other suburbs or other cities or even interstate in order to build their investment portfolio so let's talk about that first let's talk about the pros which are probably a bit more obvious one of the benefits of investing near where you live is that you know the area and we will come back to touch on this in one of the negatives because you know the area and what it feels like you know where the good streets are you know where the housing commission is you know where the good cafes are and all that so you're familiar with the area chances are you like the area and you like living in it and other people do as well so there's a benefit there in that you know the suburb but one of the negatives which we'll come back to is just because you know the suburb from living there doesn't mean you know the data associated with that suburb and how it's going to perform in the future just because you want to live there doesn't mean that that suburb is going to grow in value into the future but you do know about it you can avoid some race because you know about the suburb itself other benefits of it that it's quite easy to inspect properties because they're very close to your home you don't have to go very far on a saturday or after work in order to inspect them and it's also possible for you to check in on your properties i think this is why a lot of people want to invest near their home so that they can check in on it actually the street that i'm in right now there there's a guy in this street who owns a house just you know one or two down there and he actually bought the house across the road so right across from me now so he he owns both and he's rented it out and he can see what's happening in that house now finally he's going to develop this property and so it's been rented out to a bunch of let's just say youthful boys and some questionable things go on at that house but he's just renting it out until he's going to knock it down and develop a i think jewel or triple occupancy home there so like a duplex and a granny flat there but yeah he owns in the street every single day he can see what's happening at that house that's an extreme example if you can check in on your property and so that might help you sleep better at night knowing that you can drive past it and see you know doesn't look in decent condition and maybe that would help you to avoid some of the issues like ben had if we talk about ben's property horror story which is absolutely hilarious i'll link it up down below and i'll put like a snippet in here so you can hear a little bit about his horror story three weeks ago i get a call off a mate who's living in sydney um and he's like turn on the local news and i'm like what local news i live in queensland man he's like i just turned on the central coast news and i just saw your property i think you could call your property you know the footage was from like a crew on the ground and a helicopter type thing just to set the scene for where where this is going um so i've called my property manager and she's like yeah i was gonna call ya um something's come up um effectively the saturday before i got the call um some police were called to the house because apparently there was two illegal tenants living there that had actually had a knife fight like this is how it started like i'm like where are we eliminated like this is a knife fight um so they've had a knife fight and they've busted up some windows and the neighbors have called the cops in and the cops have come in and must have seen some others just have some sketchy stuff some sketchy stuff um so they've walked into the property um and gone okay we have to come back so you know a couple of days later six detectives rock up with the drug squad and have gone to break gonna break the door down effectively and you know have warrants for people's arrests in the house um during that time of knocking on the door for some reason the granny flat that's been there for 15 years catches on fire catches on fire um calls undetermined by the police and the fire department so no one knows how caught on fire yeah um you know timing-wise logic would say to me um and so these cops have effectively gone to end of the property and couldn't because the granny flats on fire so they've caught two fire engines they've come out put the fire out and then they've sectioned off the street and the cops have gone into the property and there's eight adults living in the house apparently like heavily drugged up let's just say that they've all gone running and the police have managed to catch four of them so they've got them in handcuffs next to the cop car i didn't realize but the neighbors have all been in conflict conflict for a significant period of time apparently like my property managers never told me any of this stuff so i'm like obviously something's been going on that you know just we had no idea about effectively and um basically guys in cuffs and one of the neighbors gets a fence paling and another one gets a cricket bat and then they start attacking attacking people like that are completely cuffed up and you know the cops have had to call for backup all of a sudden there's like 15 cop cars and like 40 policemen there and everyone in the street has now begun fighting police fighting the tenants oh my god like just a full-blown riot and that's where you hurt up too right yeah so yeah ben had this property on the central coast that ended up being i think a meth lab or something they burnt down the granny flat oh he just had a nightmare with that property if it's close to home if you can drive past it you can start to see some of those problems earlier really a real estate agent should probably pick up on that anyway but being close to home you can start to see that and also there's the benefit of is if there's minor issues with the property you may be able to go and personally fix those issues yourself so maybe it's plumbing issues maybe something needs to be painted or something needs to be fixed rather than paying a handyman to come out in order to fix it you can actually go and fix it yourself i know my partner lives in a property and the property owner is in and around sydney and so he'll come in and inspect the property himself every now and then she's got a personal relationship with him he actually owns a kitchen company and so put in a new kitchen for her when he really didn't need to the old one wasn't that bad so she kind of got lucky having an owner who lives close and having a good relationship with him even though she goes through a real estate agent but he can come in inspect it see what needs to be done and maintain his property up to the standard that he wants it's easier for him to do that than going into state so there's obviously some benefits to investing where you live otherwise people wouldn't do it but i think really when it comes down to it the benefits mainly are emotional based like you think about it you're like okay yeah there's these practical things that financially i don't have to hire a handyman or i can check in on this sort of stuff or whatever but really i think it comes down to emotions you feel safer investing in an area that you live in because you feel like you know that area you feel safer investing somewhere you can drive past because you can check on it which helps you be less anxious about the property so it comes down to those emotions buying in an area that you live most of the time unless you live in an area and you know the data and can identify this is actually going to be a great area i think most people do it for emotions and if you're thinking about buying near where you live have a think about and say okay am i actually fearful am i just investing in the area that i want to live because i'm anxious about investing elsewhere or i don't know how to research anywhere if you're feeling those feelings then maybe that's an indicator to you not to okay be fearful of everywhere else but to say all right i'm understanding that i'm scared because i don't know how to invest somewhere else then go and learn how to do that learn how to pick your markets learn how to do your suburb research learn how to you know work out what a suburbs like where's the good spots find out how to discover where the public housing is like all of this stuff you can learn and it's one of those skills that you build up that's going to make you a better investor so if you've got those fears maybe channel those fears into actually educating yourself building up your property investment skills that can make you a more sophisticated investor and then maybe you apply that to your own suburb and ...

https://www.youtube.com/watch?v=xBPNWQEkU24 In this property market update for August 2020 we'll be having a look at some of the data behind Australia's housing market and try to learn from it so we can invest more successfully. CoreLogic August 2020 Update Video Nugget News August 2020 Video 0:00 - Introduction1:15 - Australian market is in a decline2:05 - Capital city growth/decline figures4:21 - Rolling quarterly change4:59 - National home value index5:42 - Cash rates at all time low6:26 - New listings are rising8:05 - Percent change in dwelling values since COVID Peak9:33 - The fiscal cliff looming in October10:44 - Martin North's example predictions Recommended Videos: Brisbane Property Market Update August 2020 Transcription: hey i'm ryan from on property and welcome to my australian property market update for august of 2020. what i like to do in these episodes is to talk through where the market is at how is it performing at the moment has it gone up has it gone down what are the trends that we're seeing and what may happen in the future now i don't have a crystal ball i don't know what's going to happen no one out there really does but i think it's important for us to look at the data so that we can assess okay what do we want to do how do we want to invest at this point in time whether you're looking to take advantage of current market conditions and buy in a weaker market where there's less buyers to compete with maybe that's you still important to understand the data or if you're someone who's like okay with everything that's happening i actually want to wait this out until things start to improve it's important to look at the data as well so we're going to be learning this together talking through this together and i hope that you find this useful we're mainly going to be looking at corelogic's market update video and i'll link up to that in the description down below if you want to go through it yourself as i've got more data in there that we won't necessarily cover in this video they're great videos i watch them every single month and love them so looking at the australian property market as a whole for the month of june we are now in our third consecutive month of decline so june well july sorry declined 0.6 which was slightly less than june which declined 0.7 percent but yeah we're definitely in a declining market at this point in time and when i look at the data i find it hard to imagine that the market's going to grow in the near future so it looks like we might be in the beginning of an entrenched decline unless things start to turn around really quickly now obviously they could turn around things could change but i'm looking at it now and i'm kind of thinking okay we need to prepare for you know potentially a declining market or a stable market in the near future with everything that's happening globally if we jump ahead and we look at the month-on-month change in dwelling values for the major capital cities as well as the regional areas we can see that almost all the capital cities have seen some decline sydney and melbourne have had the biggest decline so melbourne's down 1.2 percent which is quite significant really sydney's down 0.9 if this trend continues like this level of declines if you play that out over a 12-month period you start to see significant declines of somewhere between you know 5 10 15 sort of range in those primary capital cities brisbane's down less 0.4 percent and if you've watched any of my previous videos you know that brisbane didn't have the big run-up that sydney and melbourne had it's cheaper to buy now than it was i think 11 years ago or even longer when you count inflation and so yeah brisbane saw some decline but not as much perth declined 0.6 which is really interesting because it's already had such a big decline it kind of looked like before covert that it was reaching the bottom of its i guess trough the bottom of its decline and that it may start to rise or at least stabilize but that's now down 0.6 percent so you know this is obviously affecting every capital city hobart's down 0.2 percent darwin down 0.3 percent adelaide is actually up 0.1 percent and canberra's up 0.6 percent holding steady there so you can see here really quickly that you've got lots of different markets in australia that are being affected at different rates sydney and melbourne had much bigger growth they had growth up until 2017 then they went through a period of decline 2017 to 2019 and then at the end of 2019 both of those markets saw some rapid growth so sydney melbourne had some you know really good run-ups in 2017 and again in 2019 so i would kind of speculate that they would have further to fall than somewhere like brisbane or perth which brisbane's been pretty steady perth's already been through a decline but nonetheless you know most of these markets are still in a decline at the moment and we'll have to keep watching it to see how it goes and to see what happens if we look at our rolling quarterly change in combined capital cities we've got this light blue line here and zero percent this is you know when we start to go into the negative so we can see that it was back in 2017 mid 2017 we were in the negatives all the way until when's that mid 2019 and then you can see that we started to see some really big growth over 2019 and we've now dipped back into the negative for those major capital cities so even not just monthly but on a rolling quarterly basis we're now in the negatives as well you can see here the national home value index which peaked in 2017 at 563 000 dollars for a value of a home and you can see that it went down and declined until mid 2019 and reached its low of around 516 000 then went through a massive run-up in just you know six to nine months almost back up to the peak that reached in 2017 so it reached 562 000 and we're now on a downward trajectory down to around 550 to 553 000 at the moment so we'll have to watch this and see you know will it start to level out will it continue to go down i'm not exactly sure cash rates are obviously really low it's interesting to look at this you've got this 10 year average here but that's really low anyway if you were to look at the average over 30 years or 40 years or 50 years it's going to be much higher than this 10-year average and you can see that we've basically almost reached the floor when it comes to interest rates so how much more can interest rates be dropped you know not not much 0.25 percent i think they can be dropped until we start going into negative interest rate territory and there has been talk that the government is willing to actually go down that route and to do that if required in order to keep the economy going so cash rates really low at the moment probably unlikely to go up anytime in the near future it's interesting to look at the number of new listings so we can see the number of new listings are reached a very like a low in that april may sort of period when everyone was in um lockdown or just after that when was that it's hard hard to remember as you can see i'm not in melbourne in lockdown at the moment but that started going up and you can see that the new listings are actually higher than what they were in 2019 now 2019 is kind of the lowest that we saw compared to 2016 17 and 18. so we're higher than that but we're not higher than those other years and if we look at the number of total listings they're still well below what they've been in the past so this means okay there's new listings coming onto the market but they're actually being purchased and being snapped up or potentially being withdrawn from the market and not sold but you can see that there's not this a flood of properties going on to the market none of them are being sold and so we're seeing this total number of listings actually skyrocket so this will be one to watch the number of new listings how high is that going to go as well as the number of total listings that will be really interesting to watch as well you don't want that to go too high because then we could start to see declines as well usually i would go through each of the cities and to talk about okay where are they at uh what's the trend in the cities but it's kind of hard to do at the moment we're in the early stages of this decline so i feel like a lot of the data around individual cities i just wouldn't have meaningful commentary on so i'm going to leave that out for this month maybe we'll go ahead and cover that next month here we have an interesting graph though this is the percentage change in dwelling values since the recent covert peak so since these markets peaked before covert how much of the markets as a whole gone down since this has happened and as we can see sydney and melbourne have gone down the most melbourne down 3.5 percent and i wonder if they'll continue to lead the charge in declines given that they have the worst hit covet area at the moment melbourne's in stage 4 lockdown all of that sort of stuff's happening it'll be interesting to watch how will that affect property prices compared to sydney who isn't currently in a lockdown state so there's not that i guess as much difficulty and as much pressure being put on businesses and the economy in sydney as it is in melbourne so melbourne down 3.5 percent sitting down 2.1 percent perth is actually outstripping sydney in declines at 2.2 percent we can see brisbane's down 0.9 percent adelaide's down 0.1 hobart 0.2 darwin 1.

https://www.youtube.com/watch?v=MEpWVf4jPQE A lot has been happening in the Australian property market in the last few months. Today we wanted to speak specifically about the Brisbane market, where is it at, what's the good suburbs and are there any good investments in that area? Book a Free Property Strategy Session 0:00 - Introduction0:32 - Quick catch up1:03 - Ben's recent Brisbane analysis2:15 - Comparing the suburbs and finding the winners and losers5:37 - The differences between the different areas of Brisbane7:45 - North Brisbane vs South Brisbane9:13 - Good suburbs vs bad suburbs12:04 - Where is Brisbane at during its cycle?15:37 - Covid infrastructure bailout program16:25 - The Mid-Cycle slowdown18:07 - Getting good long term stability Recommended Videos: What Is The Mid Cycle Slow Down And How Might It Affect Property Prices? Transcription: a lot's been happening in the australian property market in the last few months obviously with the pandemic that's gone down and everything like that today i wanted to speak with ben everingham buyer's agent from pumped on property specifically about the brisbane market which is the market that him and his team specialize in they've just done a whole bunch of suburb research in that area so i thought i'll get on the line with ben we'll talk about brisbane where it's at what's sort of happening and give you guys an update so hey ben thanks for coming on today hey bro good to see you good to see you again too it's been a while definitely man it's exciting to catch up again yeah and so i love that you're in your new office i'm also in my new office which is my van which i've been loving i'm actually parked on the beach i can see the water from here but no one can see it in the video but just know that i got amazing views right now that didn't cost me heat i'm loving it man i feel the same way like this you did cost me a bit this is like a green velvet lens that i've always wanted with like a timber wall behind me but um i'm feeling fresh and loving it as well yeah and so okay so recently you guys did a massive suburb analysis of all of brisbane do you want to first talk through okay why did you do that give us like some touch points on what are some of the things that you looked at for the suburbs and like what are some of the insights that came out of that yes so i think it's important as an investor myself to constantly review the bigger picture as well as the the micro picture um so we know that based on the long term growth of brisbane being 9.7 a year according to core logic for the last 50 years that it is a long term winner we know that a lot of people moving up here at the moment and will be after the virus is over as well and so i just wanted to wrap my head around it which i do about once every year to two years and i look at you know brisbane isn't one market like there's some suburbs in brisbane that you can buy for 200k there's some suburbs in brisbane that you can buy for 2 million bucks and so you can easily get caught in that sydney melbourne brisbane trap which is it's one area but in reality there's east brisbane central brisbane south brisbane north brisbane and west brisbane and all of them have completely different stuff going on as you know yeah and so i know like previously you've kind of focused on like central brisbane north brisbane um but this time around you kind of looked at more suburbs what did you think about the suburbs as you started to look at them yeah so for me personally at this stage i've sort of not been looking too heavily into west brisbane just because there's just so much land out there at the moment that could be developed over time so from this perspective we looked at north we looked at central and east brisbane and we looked at south and southeast brisbane and the way that we do that as a business to get our heads around it is through what we call a suburb profile so we looked at things like vacancy rates how much house prices have moved in the last 10 years three years 12 months what people are paying for places what they're renting for what the average incomes look like what the average demographics look like the ages the school districts the transport the train stations the shopping centers and you know through this like 40 or 50 things that we look at for each suburb we also have indicators or key points that become either a yes for that indicator or a no and so from looking at like 100 odd suburbs we were able to immediately strike out about 60 of them and then from that going into further detail able to strike out a huge amount more so yeah i i love with suburb research it can be super overwhelming for a lot of people in order to do it because you don't know what the data means but i've always seen that when you have a template that you go through and as you do it for multiple suburbs it becomes really clear to see which are the winners and which are the losers when you've got one suburb with super low vacancy rates for example and then one that's really high then it's like oh this is a clear winner you know so you can start to see that so what were some of the things that you saw that really struck out some of those suburbs um you know that's a really good point because there are key winners and in each suburb there's about seven indicators that are deal breakers for me so the first one was average annual price growth in 10 years and we know that brisbane's cheaper to buy now than it was 10 to 12 years ago according to corelogic so every suburb ticked that box because they're all super cheap right now the second one was average vacancy rate so i'm always looking for a suburb with below two percent i mean most of these suburbs were between two percent all the way down to half of one percent like the vacancy rates up here are really tight in some of these areas so we just struck out anything that was above two percent and kept everything below um then what we did is we looked at average household incomes in each suburb and effectively the higher the income the better but that is relevant relative to property prices so if a suburb's got an average price for example of 600k you really want a higher income than 1500 bucks but if a suburb's worth 300 grand for example an income of 1200 bucks might be completely acceptable so we looked at that and then the major indicator was looking at how many people rent in a suburb so for me you don't want too many renters just because obviously there's not enough people to put value into properties over time so we just drew a line in the sand that in some parts of the city that was below 20 in other parts of the city it was below 30 or 40 percent again you've got to look at the whole picture not just the one indicator yeah and so that cut out a bunch of summers you find like major differences between like south east central north like if people are thinking about oh maybe i'll invest in brisbane is one area better than the other or like suited to different investors it's completely suited to different investors so you know you and i'll hopefully shoot another bid on this the single versus um the dual key or dual income stuff but what i found is that brisbane central or brisbane city obviously has the highest prices um the highest quality of homes the highest incomes but they also have the lowest rent and in that particular part of the city you know you can't legally rent out a granny flat or a secondary dwelling at this stage so that's a really good option if someone's looking to buy and hold for the next 15 to 30 years ride the growth wave up with brisbane you know renovate for profit that sort of thing like if they're looking for that real blue chip thing that they could have got in sydney or melbourne 15 years ago and really what we're talking there is within 10ks of the cbd as the crow flies as a circle around the middle of the city yeah and we've talked in previous videos about crazy opportunities that exist in some of those suburbs where like renovation opportunities properties with city views and things like that where you can make improvements to them that can massively manufacture growth in those properties yeah i was talking to a couple of clients about that this week and um one of the options that we saw was in a suburb nine cases in the city in a really sought after locals area where you can buy a house for like 750k and knock it down rebuild like a beautiful hampton style northern beaches of sydney or eastern melbourne type home and then resell that for 1.5 1.6 million dollars like six or seven people have done that this year and let's say it costs you 550k to build it there's at least 200 grand of equity and an opportunity like that immediately that's comparable in the market so again not everyone has that sort of money but some investors like to own a small number of bluetooth things rather than a high number of cash flow things yeah and how would you compare like north and south brisbane to each other yeah so what i noticed in terms of the major differences is north brisbane in the last three years has been on a pretty strong run as a result of the university being built and the train station opening up in the beach part of brisbane um a lot of speculation has gone into that area a lot of investors have come into that area because it's ended up on the hot spotting list of things like hotspotting.

https://www.youtube.com/watch?v=XQzuq5QcYTw Sometimes the best way to move forward towards your property investment goals is to just simply take the next step. Advanced Suburb Research Course Transcription: there's that saying that we've all heard the journey of a thousand miles begins with a single step and when it comes to property sometimes we make it harder than it needs to be we try and understand everything there is to understand about property we're researching the market we want to know is sydney going to go up or down this month if it's gone down 0.8 we're freaking out even though we haven't saved our deposit yet you know or we only own one property and we're nowhere near financial freedom yet but sometimes we need to get back to that simple act of just taking a step and today today i want to ask you what is your next step on your property investment journey because if you just take that next step and then trust yourself that once you take that step you can ask future self can ask what's my next step from here and sometimes just one's foot in front of the other one step after another leads you towards investing in property leads you towards financial freedom faster than trying to do everything all at once so really quick video today to just ask you okay what is your next step investing in property if you're in debt and you need to pay off that debt your next step might be learning how to budget making more money paying off that debt your next step might be saving your deposit if you got your deposit ready to go your next step might be okay i need to understand market cycles and what market to pick if you've picked your market let's say you're like ben and you've picked brisbane as your market or let's say you picked perth or you picked sydney or melbourne or hobart whichever market you've picked now you might be saying okay which region of this market do i want to invest in that might be your next step or which suburb do i want to invest in for a lot of people you're ready to go you think you've got a market but you don't know what suburb to invest in so that's going to be your next step well you need to learn about suburb research and start actively researching those markets it's actually as easy as sitting down looking at the data for the suburbs and just like next step collect the data for the suburbs and as you collect it you start to see differences i've done a whole video course on how to do suburb research so if you go to on property.com.eu4 slash suburb you can learn more about that over there but even just collecting the data on suburbs you don't need to understand okay which is going to be the best hotspot you just need to go in and look at the vacancy rates of every single suburb in that region that you're looking at compare the dsr scores compare the incomes for that area compare the sales prices and the growth over the last 12 months three years five years 10 years start collecting that data and as you collect it things start to pop out at you so often you know we get so overwhelmed it's like okay we need to do absolutely everything sometimes it's so much better to just break it down into our next step and to say okay what is my next step what's the next thing that i need to do and to do that and to do it really well and to learn that to the best of our ability so i want to ask you today what's your next step towards your property investment journey where are you at right now and what's your next step go and do that next step and trust that when you've done it you know you'll be there in the future you'll still be you but it'll be future you having done that step you can then assess okay what's my next step now and then future you will take that next step and then future future you can say okay what's my next step now and eventually you'll find yourself with a growing property portfolio and ideally financial freedom or whatever it is that you're striving for so think about each time what is my next step how can i do that to the best of my ability and you'll move forward faster than you realized i encourage you to go out there discover your next step and until next time stay positive

https://www.youtube.com/watch?v=_1t6KrrDBQI If recent times have shown us anything it's that troubled times can hit and we need to know how to successfully invest during these times. Today I read through the property investment rules to keep in mind in troubled times. Book a Free Property Strategy Session Advanced Suburb Research Course Property Update Article: https://propertyupdate.com.au/property-investment-rules-to-keep-in-mind-in-troubled-times/ 0:00 - Introduction1:00 - Troubled times show who the real great property investors are2:50 - #1 Become financially fluent4:00 - #2 Adopt a proven investment strategy6:44 - #3 Not every property is investment grade8:30 - #4 Don't believe the hype11:15 - #5 Location does the heavy lifting12:30 - #6 Demographics drive markets12:57 - #7 Real estate investing is a game of finance14:21 - #8 The economy and our property markets move in cycles15:33 - #9 Follow my 6 Stranded Strategic Approach17:40 - #10 Don't focus on bargains18:14 - #11 Allow for an X factor18:49 - What did we learn from this20:08 - What I would add to this list Recommended Videos: 15 Habits Self Made Millionaires Have 2 Properties to Financial Freedom The $1,000 Project Book Review (By Canna Campbell) Transcription: Ryan 0:00In recent times have shown us anything, it's that troubled times can hit. And we need to know how to invest during those troubled times. So today, I'm going to read through an article from Michael yard news website, property update.com.au. On the property investment rules to keep in mind in troubled times, we're going to go through this article talk about some of the things that they say, I'll comment on it, we'll discuss it together. And we'll try and learn together, I did a previous one of these, talking about the 15 habits of self made millionaires. I really enjoyed it. I learned a lot from it. And I know a bunch of you did, as well. So let's go through this. Let's learn together. And let's work out okay, what are these property investment rules to keep in mind during the troubled times, okay, so they start by saying that everyone seems like an investment genius, when the property markets are booming. But when times gets tough, it's important to really know what you're doing. I saw an example, I heard an example of this, I think it's in the book, great by choice by Jim Collins. It is in the book, it's one of my favorite books of all time. And he talks about this idea of companies that succeeding in troubled times. And he uses this metaphor of if you have just a regular person going for a hike versus someone who is a world class hiker, adventurer, mountain climber survivalist on the same hike. But let's say that it's an extremely pleasant, sunny day, no issues anything like that, would you notice the difference between the two, you might notice a bit of a difference between the gear or the way they hold themselves when they walk or their fitness level. But really, they're both going to look like great hikers. But when the storm hits, and when you're in that emergency life or death situation, that's when the skills of the advanced mountaineer adventurer are going to come into play and the everyday person, we're probably going to die in that situation. But that's where it will come out. So when you got the market that's booming, you know, everyone looks like a successful investor. I just bought three properties in Sydney in 2012, let's say as an example. And you know, in 2017, you're looking like a genius. But let's say you bought those same properties in 2017, in Sydney, and the market went down for the next 18 months, you know, you're not looking. So genius. Obviously, with everything that's happened in the market due to COVID-19. Things have, you know, really kind of looking at troubled times for a lot of Australians. So saying here, I've learned not to change my strategy, every time the economy or our property markets get challenged, I invest for the long term and don't get thrown off by the good or bad phases. So let's go through some of these rules. Number one, become financially fluent. The secret to financial freedom is to spend less than you earn, save the balance, then invest widely, then wisely invest your savings in growth assets. Get mentors become financially for fluent. This is I think this is really important. And something that's not talked about enough. It's definitely something that I learned from Robert Kiyosaki his books, which is there's a lot of language around finances. And there's a lot of conceptual understandings around finances. Getting good at managing finances, getting good at investing is a skill. And it's one that we don't learn in school, it's one that we don't learn on our career path. It's one that you have to learn yourself. And by educating yourself listening to things like listening to today, reading articles like this, following other podcasts, practicing it yourself as well, getting mentors, all of that because to become financially fluent, is super important. And the more you learn, and the more you understand about finances, market cycles, investing, the more money you can make easier, with less risk. So definitely think being financially fluent, is super important. Number two is adopt a proven investment strategy. Remember that 90% of property investors never get past the first or second investment property. So don't follow the herd don't follow the strategy that most property investors follow. Now, I was scanning through this before. And I found this quite amusing because they say, you know, 90% of people don't get through the first or second one. So don't follow the herd don't follow the strategy most property investors follow. And then the next sentence is, you know, I recommend a capital growth investment strategy, which is what 90% of property investors do is a residential capital growth investment strategy. So they say, don't follow the herd, but follow the herd. So I don't know if I'm down with that. They say well, cashflow is important to keep you in the game. It's capital growth that will get you out of the rat race. I just think this is so narrow and small minded to say this, because it's putting capital growth and cash flow in life. either or baskets you can either get cash flow or you can either get capital growth why not get both why not get both and they're saying you can achieve you know financial freedom through cash flow and it's just completely untrue you can even in properties where you don't get capital growth it's purely a cash flow play you can actually invest in that way to achieve financial freedom it may not be as quick as landing on a property that is in a capital growth area but you can definitely do it so i just it frustrates me when people write articles like this and they say you know cash flows not a thing that you can only you know live off the capital growth and it's just it's just untrue and so i definitely agree with get a proven investment strategy one that you can implement within your skill set so development building massive high rise apartments is a proven investment strategy people have made it work but is that within your skill set probably not but there are some simple proven investment strategies within your price range in your skill set so get one of those i like the two property to financial freedom strategy because you're combining capital growth and cash flow so you're purchasing in a good suburb in a metro market like brisbane that's likely to grow in the future in the long term but you're also getting a good rental yield off the bat and then if you want you can go and build a granny flat on that to get a better rental yield a positive cash flow your tenants then pay off your property for you basically and then you own the property outright in a good growth area and you can live off the cash flow so you know 90% of property investors aren't doing that so that is what i would do and it just annoys me number three not every property is investment grade i would definitely agree with this there are millions of properties on the australian market and not all of them are investment grade where you can just buy it put a tenant in and have success with it you're going to want to find the best properties that you can in the best markets that you can sell it's not just about going out there and buying any property in any market that looks good location is going to be super important you know you're going to need to look at that and research that understanding your market cycles understanding your suburbs understanding the rentability of it is going to be important so yeah not every property investment out there is a good one in fact a very small sliver of the market is going to be good for you and what's good for one investor might not be good for another so it's very tailored to you and to your strategy as well now if you don't currently have an investment strategy then we do offer free strategy sessions where you can get on the phone to one of the team over at pumped on property and talk to them about your situation where you're at where you want to be what's holding you back and they can help guide you to create a property investment strategy that's right for you that's a complimentary session if you go to onproperty com.

https://www.youtube.com/watch?v=eUFMxCxMV4k In my previous episode I talked about how to stop rushing to be financially free but to make the life we want now. But how do we start to work out what is actually going to give you a happier and more fulfilled life. 0:00 - Introduction2:45 - Ask yourself this question6:30 - What is my answer to this question? Recommended Videos: Don't Rush Financial Freedom - Do This Instead Transcription: Ryan 0:00In my previous episode, I talked about how we need to stop rushing to be financially free house, often we see financial freedom as a pot of gold at the end of the rainbow that is going to deliver us happiness. And yes, it gives you choices. And it gives you time to pursue the things that will make you happy, financial freedom is great. But we can actually pursue our happiness and pursue a more satisfied and more fulfilled life, with or without financial freedom. And so in today's episode, I wanted to actually get yourself asking a question to find out, okay, what is actually going to make me happier, because so often when we're in the thick of it, when we're struggling to pay our bills, where we've got mortgages or rent, to pay mouths to feed, all of that good stuff that goes into making life awesome. But when we're in the thick of it, doing the day to day grind of our job, and the stress and everything that comes with that, it can be really hard to actually get out of our own heads and get out of our own lives and think what actually would make me happy, because to be honest, I kind of just worked for financial freedom up until I was 28. And I got my pseudo financial freedom. I didn't actually think, Okay, what do I want to do with my life? What do I want to do when I'm financially free? What will make me happy? I was just like, financial freedom is my goal. I need to strive to that. And I think even if I tried to stop and think, Okay, what will I want to do? I didn't really know. And so often, the things that come up are those big things, those, okay, you're going to live this travel lifestyle, you're going to live in a mansion, you're going to drive this really expensive car, all of that sort of stuff. But I think for most of us, if we really stop and think about it, we know that that stuff's not going to make us happy. We know that that's not going to make us fulfilled in life. Yet, it would be nice to have both do we need it in order to live a happy and fulfilled life? No, most of us don't. And for me, the idea of having a mansion just means more cleaning, or just means I need to hire a cleaner to keep it clean. And just the big space, it would be cold. And you know, I'd be so far from my children, I feel like we would interact less. So it's not something that I would like. So today, I feel like the answer to our question of Okay, what's going to make us happy? We're not trying to find the answer to that. We're trying to find better questions that are going to lead us to a better understanding of ourselves. So today, I have a question for you, as I sit outside here in the sun and drink my coffee, I apologize for the outside noise for the sound of the cars bouncing off the wall here for trains as they go past if and when they will. But it was just too nice to not film this morning. And so the question is this, if you were financially free, and didn't have to work, so let's just pretend you're financially free through properties, let's say you've done the to property to financial freedom strategy, I will probably have done five properties with five granny flats, or maybe you don't through shares, he comes a train right now. However, it is that you did it, you're financially free, you don't need to worry about money, you don't need to work, but you want to work because you know, you're still young, you still want to actually do good, you want to be challenged, you want to do that sort of thing. If your financial frame didn't have to work, what would be your ideal job to pursue? And in this question, what would be your ideal job to pursue, we're going to assume that you either magically have the training like matrix style, where Neo just imparts it into his mind, and he knows it straightaway. So we can either do that in this imaginary task. Or you can actually take the time to go and do the training. Because remember, you're financially free, you don't have to worry about money. So if you're spending the next 10 years at university to become a doctor, you're going to med school, you're financially free now to worry about money. It's okay, you can do that because you want to pursue it. So I find this question really interesting. And it came up because my partner unfortunately was made redundant in her role when COVID here, she was one of the first people to go, she worked for a rental car company. And obviously, with people traveling a lot less now, because of all the restrictions and everything. She was actually in the corporate side of things, developing new products for them so that they could grow their revenue. And obviously, that was, you know, kind of not needed at this point in time. So she was made redundant, but I posed this to her because she's looking at for jobs and things like that. It's like okay, what do you actually want to pursue? If you didn't have to worry about money? What would you want to do? And it brought up some really interesting answers for her into what she wanted to pursue. And I find this very interesting and when we're doing these sorts of exercises, and I'll probably create more videos in the future have come up with more better questions. But the idea is you have to have actually suspend reality for a while you have to actually take away all of the responsibilities in your life your rent your mortgage the miles that you have to feed all of that sort of stuff this is why saying if you're financially free and didn't have to work because you're actually stripping away everything to do with money you're no longer working for the money that that career is going to give you you're not working for the lifestyle it's going to give you in terms of financially supporting that lifestyle maybe up sure because the lifestyle it gives you in terms of work life balance that's a different situation but it's really interesting to think about okay what sort of career would i want to pursue if i didn't have to worry about money and so stripping that away you kind of you go through this exercise you think about what would i like to do and then after you've done this exercise then you can start to think about okay how do i bridge the gap between where i am now to where i want to be given that i have these responsibilities in my life now financial freedom may be the answer to that and you may do the two properties to financial freedom strategy working the job that you don't like right now for a couple of years save those deposits buy the properties build the granny flat and then when you build up that foundation then start pursuing this career because you know you've got financial freedom in the bag maybe you're like that or maybe you think about okay this is what i really want for my life i'm not going to wait until i'm financially free how can i do this right now what sacrifices do i need to make to do this so for me when i asked myself this question because i'm not financially free right now definitely on the path towards that pseudo financial freedom again if i stopped working right now i think i would still actually have that pseudo financial freedom in about a year's time but i'm going to keep working hopefully i get it in about six months 12 months maybe we'll see how we go but let's just say for me if i was financially free through property so i didn't have to worry about it what sort of things would i want to pursue something that comes up for me initially is neuroscience i absolutely love learning about the brain the plasticity of the brain

https://www.youtube.com/watch?v=UPZLbtOGPHU A lot has been happening in the Australian Property Market lately and today I wanted to share information from the Property Update article from 27th July 2020. Property Update Article: https://propertyupdate.com.au/australian-property-market/ 0:00 - Introduction0:40 - Changes in Australian Property Prices3:10 - Early market indicators5:05 - New properties for sale and rent5:40 - Rental markets6:25 - Finance activity6:42 - What's happening to property prices9:52 - New property listings and sales11:42 - Vendor discounts and time on market14:25 - Auction clearance rates15:50 - Changes in rents Transcription: Ryan 0:00a lot has been happening in australia and the australian property market since i last recorded an update and i was reading through property updates article on the australian property market update and i thought that this was so interesting that i wanted to go through it with you guys and to share it as well so we can get a better understanding of where the markets at and they also talk about some of the leading indicators and where the market may go so they're saying there's lots of property news and data over the last week obviously we've got that second wave of COVID-19 coming through particularly in victoria will that happen in the other states we're not sure we're going to you know see if that happens but basically if we look at the australian price heatmap here we can say that this week basically the major capital cities everything is down or steady so sydney and melbourne both down a bit brisbane and adelaide held steady perth is down as well month today everything is down or steady within the adelaide being at 0% but sydney and melbourne down 0.7 0.9% brisbane is down less 0.2% perth down 0.6% which i'm finding interesting because perth seemed before COVID to kind of hit the bottom of the market and looked like it was due for a rise but perth obviously continuing to decline if we look since the COVID lockdown so when was that that was march sometime or early april i can't quite remember now seems like a lifetime ago sydney is down 1.4% melbourne is down 3.3% brisbane has held steady adelaide is actually up and perth down 1.8% and then we've got since the melbourne lockdown which is a lot more recently everything's down or steady so where are things at since 2017 maximum so sydney and melbourne peaked in 2017 and then went through 18 months of decline and then went back up in late 2019 so if you bought at the top of 2017 where would you be at sydney and melbourne you'd be down around you know three to 4% sort of range gold coast of brisbane gold coast and adelaide you'd be up but only by a little bit 1.3% 2.4% and then perth you will actually be down 13% since that 2017 so that's actually crazy if you look at the last 12 months you can see how gangbusters sydney and melbourne have gone with 12.4% growth in sydney 9.1% growth in melbourne and solid growth in brisbane gold coast at 4.5% adelaide at 2.3% and perth is down minus 2.6% so yeah i find like this data is really interesting the saying like residential prices are mostly softening since the pandemic sorry about the aeroplane overhead if you can hear that at the moment i'm just parked out on the beach in the van loving working just on the road at the moment but this is what i found interesting as well is early market indicators so this is a number of indicators that could actually give us a clue to what's ahead so obviously we just looked at okay what's happened in the past and that's interesting to look at but what we all want to know is what's coming in the future and it's always you know really hard to predict but there's some leading indicators that can help us to understand what may happen and to give us some clarity on that so they're saying buyer activity edge higher last week as shown by realestate.com they use weekly demand report report for sale search volumes increased 0.1% last week and now minus 2.3% below their recent record high so when was that back in you know late june or maybe it was early july we had record highs in the search volume for properties obviously more searches means more people looking to buy properties for sale so largest increases were in queensland and interestingly the northern territory while the biggest falls were in victoria south australia western australia and tasmania i do worry about hobart hobart had has had such an amazing run for so long i keep looking at it and thinking how long can this actually continue hobart how long can you keep going the dip in western australia you may reflect the fact that demand for new houses appears to be booming since the announcement of the home builder or but that's not captured in this search data the new houses isn't so that's interesting the largest year on year increases for sale search volume have occurred in the ac t at 99.5% western shy of 45.6% while the smallest jumps have been in victoria and south australia but there's mounting evidence that this interest in for sale listings is translating into sales with a data showing an upward trend in transactions alright number two is newly advertised property for sale and rent the following chart shows the change in number of new residential listings in the past seven days over the last week the number of new properties coming on the market has virtually been steady not a bad feat considering the concern about Coronavirus and the number of new properties advertised for sale is at 3.4% over the month showing renewed vendor confidence so that's the thing it's like okay we want properties for sale but you don't want too many to be listed all at once because of too many alyssa that's going to flood the market and decrease prices rental markets okay realestate.com to you tracks the number of rental searches on its portal and it's showing that that is up so we can see that that around march and april that went into the negative growth but since we're coming out in may that is trending upwards year on year change so rent renters are expected to continue to closely monitor what becomes available we may also see more rental stock come online given some tenants will be facing reduce incomes from loss of employment so still not really sure what's going to happen around there number four is finance activity while many australians have been busy getting new loans as you can see from the charts below more than two thirds of these were for refinancing existing loans rather than for new property purchases so obviously people refinancing down to lower interest rates in order to save money so that's not surprising they're saying what's happening to property prices capital city home value changes weekly changed monthly change year to date change all the weekly is down or steady or the monthly is down or steady you know 12 months we already talked about that sort of stuff but considering all the negative market sentiment capital city property values have held up pretty well while property values are slipping a little one has to dig deeper into the numbers to see the full picture there are certain segments of our market holding their value as well with a shortage of a great homes and investment properties compared to the numbers of buyers meaning that property values in certain locations are creeping up that's it like that's really important to think about as well is while this gives a like overall city picture of how things are going it doesn't give a suburb by suburb pitch out and you've got some suburbs or some types of properties within certain suburbs where there's a lot of demand and the values of those properties are going up or he's got other suburbs that are bringing these averages down and dragging them down so they can still be good opportunities even in markets that are pretty steady or in declines like we're looking at the moment there is a flight to quality significant policy supports the earlier reopening of the economy have met the various worst case scenarios a 20 to 30% price falls that some of the common economists have been touting seem likely however i still see property values falling a little further as unemployment will remain high consumer confidence will continue to languish and immigration will fall i would probably agree with that and i would have a similar sentiment to that is that i would think that property prices would continue to slip will they slip as much as they did in 2017 2018 going down by 50 15% in sydney and melbourne i didn't know if we're going to see that much of a fall especially in places like perth that's already seen so much decline or brisbane that's been steady for like 13 years now and hasn't really grown so don't say massive declines in the future but obviously i don't have a crystal ball but i think what's going to be really interesting and something that ben has been talking about as well is that when this does eventually blow over not blow over but you know when we've got when we've got COVID under control when there's a vaccine out there when the borders reopen and life starts to go back to normal is there going to be an influx of immigration in order to make up for the last immigration that we've had over the last couple of years so while we may not see a lot of immigration over the next couple of years the government does want to grow the population of australia and does want to do that through immigration and it can easily just bump up the figures to the amount of people that are allowed to immigrate each year so will that happen in one year or in two years or whenever the borders reopen again and could that see a delayed surge in pricing so

https://www.youtube.com/watch?v=fVtaHaOE6B0 Maybe you hate your job and you don't like getting up in the morning and you feel like you're in a rush to be financially free. I understand what that's like, but in this video I want to talk about how to get the life you want without financial freedom (but still get financial freedom anyway). 0:00 - Introduction1:40 - Financial freedom as an insurance policy3:05 - My story of financial freedom and a job I hated6:14 - What financial freedom gives you6:45 - Being in a rush to be financially free leads you to making dumb decisions9:10 - Shift your focus inwards to pursue the life you want12:39 - Start with 1% improvements15:03 - Visionary task #1 - If life was reset18:08 - Visionary task #2 - If I was financial free20:22 - Take your time and do it properly22:38 - Make your life amazing24:20 - It's a journey Recommended Videos: How To Make Property Investing an Achievable Goal Income School YouTube Channel Niche Site Project YouTube Channel Transcription: Ryan 0:00maybe you hate your boss maybe you hate your job and you just don't like getting up in the morning and having to go and work at something all day that you're just not passionate about maybe you want to move locations or live in a van or just do what you love and live a life with purpose and you want financial freedom in order to do that i understand where you're at i've been there in the past i know what it's like to have a job where you wake up in the morning and you don't want to go to work you just dread it but you do it anyway because you have to and you're just looking for a ticket out and you're in that rush to achieve financial freedom because that is your ticket out that is your ticket to happiness and ticket to the life that you want in this video i'm going to be a bit counterintuitive and actually encourage you to stop rushing towards financial freedom because there's risk associated with that you're less likely to get the life that you want in the timeframe that you want and to actually show you that there's a better way to do this and to start to expand your mind to the different options that are out there so i'm really excited to share this one with you because i think being in a rush to be financially free is actually setting so many people back on their journey and i want you i want you to have that good life i want you to have a life where you are passionate to wake up in the morning that every day is a good day sure you're gonna have your ups and downs but you're loving the work that you're doing you're loving where you're living you're passionate about your work you got great relationships in your life you got cool experiences that you're having i want you to have that life of financial freedom isn't the only ticket to that life and i want to talk about the idea that financial freedom is a goal that i think is worthy to strive towards i'm definitely striving towards it but rather than seeing financial freedom as a ticket to happiness rather than seeing it as your escape out of the life that you hate when you're living a life that you absolutely love financial freedom just becomes an insurance policy it becomes a backup plan it's there for you if things go bad in life and it allows you to continue doing what you want to do even when things don't go well so it's like you could be living the life that you love getting paid to do that but let's say we have you know another situation where we go into a recession and you lose your job or something like that if you have financial freedom you can continue to do work that you love and not have to worry about money you can can you continue to live where you love to live and not have to worry about money but you don't need that financial freedom until that bad situation comes up you don't need that financial freedom to live the life you love you're already living it it's just there as an insurance policy and allows you to live it no matter what happens so that's what i want to talk about today that's what i want to ramble about and open your mind towards and get you thinking about today so i'm really excited to share this with you hi i'm ryan from onproperty helping you on your journey to financial freedom and i used to think financial freedom was my ticket i remember being a pharmaceutical rep it was a good job i had good colleagues i had good customers but it wasn't a job that i was passionate about sales is not necessarily my forte and you know it would make me a bit anxious and i just didn't love getting up and going to work from 8am to 6pm every single day when i wanted to be doing things that were more creative i want to be doing stuff like this where i get to actually create cool content that helps people i wanted to be doing that but there was no room for that in my job so i know the feeling of like getting out i've got bills to pay i've got mouths to feed i've got kids to raise all of that sort of pressure on me debts to pay off as well so i've got to go to work and there's not really much time left for what i want to do which is spend time with my kids go surfing go traveling create content do things i'm passionate about and so i know what that's like and i used to drive around listening to audio books about how to escape than the nine to five how to build up an online business and i was lucky enough that you know i was able to leave my job and go full time into my business now i left a six figure job in order to go into a business that was making roughly 500 to $1,000 a month so you don't have like six to 12 grand per year so i left a six figure job in order to go after that and to try and achieve that and you know had a hard couple of years in that eventually achieved pseudo financial freedom at 28 so that's like a short term financial freedom where my online businesses were paying me enough money where i didn't have to work for a couple of years and so from 28 to 3031 i honestly didn't really do a whole lot of work i moved up to we lived in a van the van i'm recording in right now we moved up to new sa spend a lot of days on the beach, drinking coffee, taking the kids to school going on hinterland adventures, all that sort of good stuff. So I had a couple of years of that a lot of self discovery in that last financial freedom at around 30, or 31, and building that back up again, and then also building up that long term financial freedom. But I say that to kind of, yes, give some context to my journey, but to also say that, I always saw financial freedom as a ticket to happiness, a pot of gold at the end of the rainbow that as soon as I achieve financial freedom, I am going to be happy. I know it. So it just became the the driving force of my life, the driving goal of my life was to achieve financial freedom through my businesses or through property. And I achieved that at 28. I thought, This is it, I'm going to be happy and oh, my God, I was so depressed. At the time, I just went into this deep, dark depression, because I no longer had any purpose in my life. I didn't know what I loved to do other than trying to achieve financial freedom. And I was really lost. And it took me a couple of years to work out. Okay, what is it that feels my life with meaning? What is it that makes me happy what I want to get up and do every single day, because getting up and doing nothing just wasn't for me. So financial freedom is this ticket to happiness, but it's actually not. Financial Freedom does buy you time, and buys you choices in your life. So you've got the time to pursue things that you think might make you happy. And you've got the choices to be able to do that. Even if it costs a bit of money. Or if you don't earn any money from it, then you can pursue that. So financial freedom does buy you those things. But it doesn't buy you your happiness doesn't buy you your purpose. It doesn't buy you that sense of fulfillment. And being in a rush to get out of your situation. I understand that. But having financial freedom as the ticket out of that comes with all sorts of risks as well. When you're in a rush to be financially free, you do dumb things like what I did you spend $6,000 on an online course that promises to make you rich, basically $6,000, that taught me nothing. That was a waste of money. It got me on this journey towards actually building an online business. So I'm grateful for that. But that was like a third of my savings at the time that I dumped into this online course. And has you do dumb things like spend all of your savings to import things from China because you think you can sell them with a huge margin and make heaps of money in the next couple of months. Little Do you know that you didn't do the quality control you over invested in everything that got delivered to you was basically a pile of junk, useless pile of junk that you spent 1000s of dollars on that you now can't sell or the situation like I was in, were already sold, some had to refund them and pay a bunch of costs associated with that. So not only lost all my savings, but then lost even more money associated with that. So that was a number of years ago, where I made that or I can lead you down the path of making really bad property investment decisions as well rushing into an area because it's been hot spotted, or having someone talk you into buying a house and land package because you're going to get guaranteed rental returns and all this depreciation and you better buy now before the market goes up in value. Little Do you know that you're actually massively overpaying for that property, you know, and the person who is helping you get it is pocketing massive commissions that can lead you down a path of actually buying an overpriced property in an area that may have had a boom due to mining but then is going to have huge vacancy rates in the future, and your property plummets in value. I've had friends go through this,

https://www.youtube.com/watch?v=UM_n1rdQJV4 Sometimes property investing can feel like an unachievable target and you have no idea what you're doing. Today I want to talk about how to make property investing an achievable goal and how we can make consistent steps towards our goals of investing in property and towards financial freedom. Free Property Strategy Session Advanced Suburb Research 0:00 - Introduction1:05 - How to make property investing achievable3:05 - Bite sized pieces of property4:44 - The skills you need to acquire13:04 - Focus on what's next for you16:32 - When you're in a rush you can make big mistakes20:08 - Invest into learning21:24 - Free property strategy session Recommended Videos: Stop Being in a Rush To Be Financially Free The 15 Minute Budget The $1,000 Project Book Review (By Canna Campbell) Canna Cambell Podcast Episode Ben's Video on Suburb Research Debt Cycles by Ray Dalio Transcription: Ryan 0:00sometimes property investing can feel like a completely unachievable target it's so far in the future it's so hard to save a deposit you don't know what strategy to use or really when to start with property you have no idea what you're doing and it can get overwhelming so in today's episode i want to talk about how to make property investing an achievable goal and how we can break that down into bite sized pieces focus on that and make consistent and dedicated steps that move us towards our goals of investing in property and ultimately towards our goal of financial freedom or whatever your financial goals may be anyway hi i'm ryan from onproperty helping you on your journey to financial freedom and you may notice that i have the beautiful ocean in the background i've got the van working at the moment so i now have a mobile office which is really cool and i can work from anywhere so coming at you today from the beach side really excited to do that so let's talk about how to make this achievable and this can be applied to property it can be applied to shares it can actually be applied to really any sort of task or anything big that you want to achieve in your life and this idea while i've been applying it in multiple areas of my life i kind of got this idea sparked by a recent podcast i listened to from kenny campbell from sugar mama talking about how she created the $1,000 project which i've done a book review on so i'll link up to that down below as well as i'll link up to this podcast episode i'm talking about but she was talking about how she was in a stage in her life where she just been through marriage breakdown she was in a bad financial situation in quite a lot of mortgage debt and really struggling to pay the bills and i really resonated with that because i know exactly how that feels i was in that position 18 months ago or even 12 months ago and have been consistently working my way out of that but she talked about how she did it by breaking out this mammoth task of actually getting on top of your finances into smaller goals and so while that's the premise of today's video i will be talking also about i guess little ways that you can approach each of these different tasks when it comes to property investing so you can actually get more out of it you can move forward faster you can make better investment decisions as well so the very premise the basics of it is let's actually look at this massive goal this overwhelming thing of investing in property and let's break it down into its smaller bite sized pieces and one of the cool things is is then you can focus on exactly where you're at now so property can be broken down into loads of different bite sized pieces and if you look at it i guess um what's it what's it called when you go in time in sequence oh my gosh am i my mind you know what i mean though from start to finish if you look at the start it really comes down to starting with you got to learn how to manage your personal finances and budget and be able to save then you've got to save your deposit then you need to know how to time the different markets so time the australian market time the markets of the region or the city that you're going to be investing in then you want to understand the different regions within those cities then you want to be able to do suburb research then you want to be able to go granular on the suburb and find the best street within this other then you want to be able to analyze properties and understand what market value is and whether our property is good in there which i forgot to mention is you also want to put in actually choosing a property strategy that could become before or after the overall looking at the market you want to get a strategy that's right for you that's going to lead you towards your financial goals strategies got to be in there you've got to learn how to get granular on this other you've got to learn how to understand market value for properties then you got to learn how to actually inspect properties and look at properties you'll learn how to talk to real estate agents and how to negotiate with them then you got to learn how to close on a property and how to do your inspections and your settlement and then you've got to learn how to actually run that property and if you're going through the two properties to financial freedom strategy you've also got to learn how to actually build a granny flat on that property and then manage that so that you get the two rental income so as you saw we took one big thing which is property investing and we broke it down into lots of little granular steps and what's really interesting about this steps and while you know breaking it down is kind of a really simple idea what's not really talked about is the fact that each of these steps this skills that you need to acquire that you highly likely don't have it's not something that you're just born with it's not something that you can understand overnight it's something that you need to learn and you need to practice and then you need to adjust in order to get better so each of these steps that you break down and in turn you can go even more granular than i do or you can look at it you know less granular but each of these things is a skill in and of itself so if we start at the very beginning managing your finances and learning how to budget a lot of us talk about that as if you just need to watch one youtube video on how to do it and then you're done but no it's much harder than that and managing your finances there's a lot to learn but it's also a skill that you need to practice over time just like riding a bike where you fall down with managing your finances you're going to try it you're going to fail you're going to fall down you're going to spend money when you shouldn't have you're going to get into debt when you shouldn't have you're going to not earn enough or not prepare for a bill and but each of these times that happens you can learn from that example and get a bit better so i think we're kind of cutting ourselves short we're stopping ourselves from progressing and getting better at things because we're not taking each of the little failures that we have learning from it and actually growing in that skill and one of the really interesting things as well is that as you break this down into its different sections as you start to learn these skills over time this skills that stay with you throughout time i remember a couple of years ago i was doing a lot of suburb research for my clients i was finding positive cash flow properties for clients and i was looking in depth at different suburbs and whether they looked like good suburbs to invest in or if they had red flags because obviously you know you don't want to be investing in an area that high risk and so i was doing a lot of this other research i haven't actually done a lot of it in the last year or the last two years in terms of that granular suburb research and i recently just watched a video from ben everingham at pumped on property hemocyanin talk about this other research which is super similar to the way i do it so i'll link up to that video down below that's really useful but i haven't done it in a number of years but i'm getting closer and closer to the point where i'm actually looking to invest and going to be doing my own suburb research again and while i may have got to be rusty with those skills while i may need to brush up on it this skills that i actually have i remember so much of what to look for i've created checklists for myself i've even got many instructional videos in my course on advanced suburb research that i can go back and watch just as a refresher if you do want to check out that course on exactly how to do some research and the instructional videos where i talk through it go to onproperty com au ford says suburb and you can learn how to do that i'll link up to it down below as well but that's a skill that i have it's one that i'm a bit rusty and need to brush up but mostly it's there and it's only going to take me a little bit of time when i'm actually ready to invest to brush up on that skill to put in the work and to find the good suburbs i've built up that skill and now i don't need to worry about it as much same with managing my finances i was really bad at managing my finances i've been working diligently on that for last two years been over two years now and have definitely improved in this area to the point where a lot of managing my finances is actually unconscious i don't think about it i just do a lot of the best practices because i've been doing it for a number of years and i've made so many mistakes along the way the same when it comes to picking a market and picking a market that's not at the top of its cycle i've learned over the years how to identify a market that's at the top of the cycle how do i identify a market that looks like it is reaching the near of its peak and likely to decline in the...

https://www.youtube.com/watch?v=Y4WPGYeaAvY Today I read through an article from Property Update about 15 habits that transformed 177 average people into self-made millionaires in just 12 years. We read through it together, talk through some of the points and I think about the things I'm doing well and what I can do better. Property Update Article 0:00 - Introduction1:19 - #1: Rich People Do Work That They Love3:28 - #2: Set Good Goals vs Bad Goals5:22 - #3: They Make Living Below Their Means a Daily Process7:51 - #4: They Don't Gamble9:28 - #5: They Read To Learn Everyday13:20 - #6: They Avoid Time Wasters13:58 - #7: They Control Their Words and Emotions14:41 - #8: They Dream-Set Before They Goal-Set17:00 #9: They Develop Relationships With Other Success-Minded Individuals17:48 #10: They Never Quit on a Dream18:40 #11: They Seek Out and Find Mentors20:59 #12: They Develop Multiple Streams of Income22:15 #13: They Are Open Minded and Positive22:46 #14: They Don't Give Into Their Fears and Doubles24:36 - #15: They Create Their Own Luck Recommended Videos: The 4 Disciplines of Execution Review and How To Apply It To Your Personal Life Financial Freedom, Longevity and Living To 150 Recommended Resources: 4DX Book Grit Book Transcription: Ryan 0:00Today, I want to read through this article from Michael yarny, his property update website about 15 habits that transformed 177 average people into self made millionaires in just 12 years, I want to go through these 15 habits, see which ones of them that I'm working on. We'll talk about them as we go through. And then hopefully, we can learn something together, I will link up to this article in the description down below. This is a great website that has a lot of cool stuff on it. I've had a bunch of financial habits that have changed in my life over the last year going from near bankruptcy, to paying off more than $20,000 worth of debt, and setting myself up with about four or five months worth of buffer financially. If I donate any money, then I can survive for that long. So completely transformed myself over the last 12 months. But it's learning things like this and creating these little daily habits, that makes such a huge difference over the long term. In in a year from today, I want to be so much better off, I want to have all my debt paid off, I want to be saving my deposit, I want my business to be in a really good place. So it's always really good to learn. So here's 15 habits, we're not going to read through the whole article, because as you can see, it's quite long. But we're going to touch on some of the habits here and talk about it. So the first one, which is really interesting is that rich people do work that they love. This is something I've been talking about more and more. And it's getting rid of this idea that financial freedom is so we can retire early, we should be living a life that we love right now. And financial freedom just gives us the insurance policy gives us the security that we can continue to do what we love, no matter what happens to us financially. So it's really interesting that rich people do what they love. It says in the data 96% of the poor did not like what they did for a living 86 86% of the rich did like what they did, and 7% of the original loved what they did for a living, I actually would be right between like, like and love what I do at the moment, I can definitely expand upon it. And I'm excited for the future, probably in the like at the moment, moving up towards the love when I worked in the cafe. For the last year did not love that I didn't hate it. It was great. The people that I worked with were amazing, the customers were great, the job was pretty chill, and easy and like fun. But it just didn't stimulate me mentally, there was just there was no difficulty in it. Once you learn how to do everything, just kind of go through the day, it was good social job. But you know, I didn't love it. And so here it's saying that rich people love what they did. Now, obviously, some passion projects aren't going to deliver us any money. But finding the combination of what you love, and what can make money is obviously so powerful. So for me, I I just love the challenge. And I love creating content. And I love researching and learning about things, the stuff that I'm creating content on on my other websites other than on property, I would not say is life changing. I would not say it's a natural passion of mine the stuff that I'm writing about. But I love researching. I love learning things. I love helping people. And so I found a way to love what I do. And that that makes me money. I know it makes me money. And I found a way to love it and love the process. And second one is they set good goals versus bad goals. Now, you know, setting goals in general is obviously really important. And if you don't set goals, like Where are you going, they talk about the difference between good goals and bad goals. An example of a good goal would be to lose 20 pounds, which is going to create changes in your life that are going to be positive and healthy outcomes. So for me kinda like one of my goals around health at the moment, is to live longer. I want to live to like 120 130 150. And so that's actually creating this massive onward effect of different habits in my life. And so I'm cutting down on sugar. I'm like eating less during the day, I'm eating healthier, I'm exercising more. And yeah, that's as a result of that longevity goal. They set an example of a bad goal would be to own a Ferrari, Daytona Ferrari must make more money, which involves working or taking excessive financial risks. I don't know why it's a bad goal and why they say that it's a bad goal. Are they saying the happiness you derive from owning more or better stuff will fade over time, since happiness derived from buying stuff, always short term. And I have heard studies about that sort of stuff where if you give someone a certain amount of money, and if they spend it on something material, like a car, or if they go and spend it on something like a holiday in an experience, and then you interview those people a year or two later,

https://www.youtube.com/watch?v=UE9gij5hGvo Today I want to have a chilled out but thought provoking discussion about financial freedom, longevity and living to 150. How does long life affect the way we look at our work, the way we approach financial freedom and how we live our lives? 0:00 - Introduction1:27 - Longevity and living to 1506:05 - The impact of living longer on our lives, money and financial freedom6:48 - Rich people live longer9:01 - We are now going to have a longer work life14:26 - Financial freedom now has a bigger payoff16:57 - You have more time for your properties to grow in value18:38 - Retirement doesn't sound necessary anymore21:02 - Financial freedom gives you the choices to live the life the way you want Recommended Videos: Dr David Sincliar Rich Roll Podcast Dr David Sincliar Lewis Howes Podcast Dr David Sincliar Joe Rogan Podcast Recommended Resources Lifespan by Dr David Sinclair Transcription: Ryan 0:00today i want to have a pretty chilled out but hopefully thought provoking discussion with you about financial freedom longevity and living to 150 now that may sound completely outrageous from the get go but if you stick with me through this video we're going to talk about some of the things that are happening in the field of longevity anti aging living longer how my generation so i'm in my early 30s now could potentially live to 120 130 150 and younger generations 150 could be an average lifespan for them there's a lot happening in this field at the moment i'm going to talk about that which will probably open your eyes up to that because a lot of people haven't really heard about this yet but also what are the implications that that could have on our investing on financial freedom and on our lives so i've been learning about this sort of stuff i'm excited to share it with you and then also leave a lot of resources for you if you want to go down the same rabbit hole that i went down to learn about more more about this and to discover more about this so i hope you'll join me for this discussion and this ride because this has completely changed my life completely change a lot of things that i do and completely change the way that i'm looking at financial freedom looking at investing and looking at my work so super interesting super riveting stuff so let's start with the longevity stuff i'm not a scientist so i'm not going to give you any health advice or anything like that what i will do is link out to some interviews that i listened to with dr david sinclair who is one of the leading geneticists in the field of longevity and living longer he's done a bunch of interviews which are listened to and i've actually read his book called lifespan which talks about how to live longer so i'll link out to all of that sort of stuff down below if you want to check out the free resources or check out his book you can but the idea here is that aging is a disease and it's something that is curable and treatable and something that we can definitely slow down but also something that we can potentially even reverse or stop altogether so the idea here is not to live to 150 and be decrepid and have be in our diapers not remember who we are a lot of us don't want to live in that sort of state and when we think about how long do we want to live a lot of us will say 8090 100 very few will say over 100 because we just don't see health beyond those years but a lot is happening in the field at the moment with medicine as well as things you can do in your life that not only will we be able to live longer be able to live up to 100 and beyond but we will actually be healthy and happy and vibrant at 100 and still enjoying life so the question is let's say that you felt as you do right now when you were 120 would you still want to die just because you're 120 no chances are you wouldn't chances are that you are loving life and wanting to live more of life so age is just a number and there's chance that we can extend our healthspan not just extend our lifespan and so there's a bunch of things that you can do in order to do that i don't know if i want to get into the weeds in this episode talking about how to do that in terms of everyday life and what we need to do some of the really interesting things i will touch on quickly one of the really interesting things was if you want to extend your lifespan actually eat less or be in a state of being hungry so don't be malnourished but actually use do some intermittent fasting or skip some meals throughout the day now for me this is something i tend to do anyway i'll drink coffee in the morning i'll generally not have breakfast because i'm not hungry in the morning and then sometimes during the day i'll skip lunch because i'm busy working or focused on what i'm doing and then i'll just eat dinner at night and given that i also have a history of eating disorders i'm used to the state of being hungry and it's not really a big deal for me i don't deal with the mental issues associated with that anymore but obviously it's a fine line to trade and you have to be careful if you have had eating disorders but the idea of actually eating less and being in that state of hunger it turns on a protective mechanism in your body that can actually help you to live longer so there's eating less there's eating less protein there's walking about 20 minutes every day there's exercising at least once a week getting out of breath and there's a bunch of other things that you can do as well just naturally to help extend your lifespan and so that's that's pretty cool there's also some supplements that are coming onto the body get like resveratrol which is in red wine as well as an amen anyway i'll link up to that sort of stuff down below if you're interested in living beyond 100 and living happy beyond 100 but i am jumping on board with this and getting really interested in this and actually changing my life and changing things in my life so that i can live long without because at 32 now if i can start to do things now that are going to add decades onto my life in the future i'm so happy to make those decisions now finally one of the things that i've really struggled with is actually cutting down my sugar intake i know that sugar is not great for you i know that energy drinks like v which i've drank for years and not great for you but finally it's it's science and the fact that the medical studies show that if you're spiking your glucose levels on a regular basis then that actually decreases your lifespan on average it's kind of like that's the kick in the butt that i need to actually cut down on my sugar levels start living healthier but anyway what i want to do in this episode is not go through all that science because truthfully i don't know enough that i can explain to you i'm not a scientist myself and there's better people who can do that so i'll link up to that down below and if i'm ever at the point where i feel like i understand it well enough to explain it then i'll do a video on that but what i want to talk about is the idea the impact of living to 120 or 150 what impact is that going to have on our lives on our money on financial freedom and how have i started thinking differently about things because of this idea and how could you potentially start thinking about things differently as well the first thing that's really interesting that came up through this research is that rich people people who are financially well off live longer it was something like the top 10% of people i think it was in the us economically versus the bottom 10% the top 10% live about 14 years longer on average than the bottom 10% and if you're looking at the top 50% economically versus the bottom 50% i think there was a six year difference there in how long they live so being wealthy being financially free actually helps you to live longer because you can access supplements that could help to extend your life you can buy food that you know is going to be healthy you know is going to be good for you you can actually have the time and the financial freedom to build good friends groups around you which helps you to live longer you can create more happiness in your life you can do all these things when you're financially free that can help you to live longer so it's really interesting the idea is not necessarily being financially free allows you to live longer but generally speaking being wealthier allows you to live longer and so if you want to live longer being wealthy is obviously a good step to get there if you want to get the supplements that can help you do that while they're still going through clinical trials and stuff at the moment they are available on the market but they do cost money and they're not cheap and if you want to be able to buy some of that stuff then that's going to cost money or if you want to be able to eat a really healthy and well balanced diet then that cost money and takes money to do that because that cheap burger from mcdonald's is not going to help you live longer

https://www.youtube.com/watch?v=flRcG5OSztQ There are some real key financial practices that have allowed me to go from being nearly bankrupt to having paid of $22,000 of debt and build up a 4-5 month buffer fund. Here are 7 financial practices that are really changing my life. 0:00 - Introduction1:33 - Van update2:17 - #1: Earn More Money4:47 - #2: Pay Myself First6:25 - #3: Building Up a Buffer Fund8:41 - #4: Finding a Budget That Works For Me10:53 - #5: Reducing My Expenses15:17 - #6: Living a Minimalistic Life17:01 - #7: Loving The Work That I Do20:00 - Financial Freedom Is No Longer THE Goal Recommended Videos: The 15 Minute Budget The Power in Paying Yourself First Transcription: Ryan 0:00my financial situation has changed dramatically in the last 12 months. And there's some real key financial practices that I've been doing that have really helped me along this transformation. So 12 months ago, I was looking down the barrel of a potential bankruptcy thinking, I don't actually have enough money to pay the bills that I need to pay. I remember having a freakout moment, I was either in June or July of 2019, being like, I don't know what to do. Luckily, I had some income coming in, I was able to delay some payments didn't have to go through bankruptcy. But in the last 12 months, I've been able to pay off $22,000 worth of debt, and actually build up a four to five month buffer fund for myself as well. So I actually have enough money to get me through the next four or five months. So very drastic situation to Okay, I don't know how to pay these bills tomorrow. And I may go bankrupt too. Now, I paid off a bunch of debt. And I've got this buffer fund. And I'm looking like I'm in a position where I if things go really well, which looked they probably won't go as well as I'd hoped I could potentially pay off my debt by the end of the year, but probably take a little bit longer than that. So big transformation in the last 12 months. And there's some key financial things that I've been doing that have helped me along that transformation. So today, as I sit in the van, and as I have a morning coffee, I want to share that with you. Before I do, let me just show you what I've been up to. And I did a video a little while back and the van was a complete mess. And you can see that now I've kind of really set it up the bed is made, I've got my standing desk here. So I can just kind of stand and work on my laptop here. Or I can actually pull up my esci with a seat on it and actually hang out on that the battery for the van is charging at the moment, it's been dead for a while. So it should be good to drive around. And I should be able to actually work on the beach in here very soon. So I'm very excited about that. So you may see me filming on location pretty soon. But I want to share these financial things with you. And there's seven of them. The first one, and I think it's the most important and it's made the biggest change. And that's actually earn more money and focus on earning more money. 12 months ago, I was in a situation where I was not earning enough money to pay for private school to pay for my debt to pay for my rent. and reducing expenses was a big part of that my kids are no longer in private school. I'm currently not paying rent at the moment, but actually building up my income and growing my income has been what's allowed me to pay off my debt. And allow me to build up that buffer fund. So the way that I approach it is I run my own online business. But each and every day, I'm doing actions that are going to actually increase my income in the long run. So rather than just working for the income that I'm going to earn for the day, the work that I do is going to increase my income in the long term. So whether that be content for on property, or whether it be articles for other websites, all the work that I do generate long term income and build up my income over time. So I have a thing that every single day, I want to be publishing at least one piece of content that's going to build up my income. And that builds up slowly over time. In August, when I really kind of started along this, I think I made about 30 or $40 in August from the work that I was doing. But each and every month that has grown significantly to the point now where we're talking about 1000s of dollars per month that I'm earning from work that I've already done, and I'm continuing to do work today that will make my income larger in the future. So earning more money was really the biggest one because that just allows you to get on top of things so much easier. Because if you're not increasing your expenses, along with our growing income, which I haven't been doing at all, then as that income grows, that those extra chunks of money you can actually use to pay off debt, or you can use to build up a buffer fund, or you can use to save for your house deposit. So earning more money is the biggest thing. Now how you did that in your life may be different from me, it may be through your career, getting a pay rise, changing jobs, getting a higher paying job, and maybe through starting a side hustle and doing something on the side in order to earn some extra money. Or maybe it's through investing in property that generates positive cash flow, maybe through shares or crypto or however you plan to do it. But that focus on earning more money and not raising your expenses in line with the money that you earn has just been super key for me. The second thing and like I'm kind of going in order of what's been most important, and the second thing is paying myself first. So I've talked about this years ago and it's something that I use used to do, and I've started doing again or have been doing for the last six to 12 months. And that's when revenue comes into my business, a set percentage goes aside to pay myself first. So we've got percentages to pay tax, obviously, and things that you have to do for that, but then also percentage to actually go towards paying off my debt or go towards my savings on my buffer fund. And it's when money comes in. For me, a percentage of that instantly goes away. So I didn't even get the choice of what do I want to do with that? Will I use that for expenses? What am I going to do with that? No, it gets put aside, and its sole purpose is to pay off debt, or to build up my buffer fund or build up savings. And then I have to live off the rest and work out what to do with the rest. It's almost like that money is not even mine, because I'm paying myself first. Now you might not do a percentage for me, I do percentages because my monthly income fluctuates. But for you, you might do a set amount every single month from your paycheck, when you get paid on payday money gets put aside into a bank account, and you don't get to touch it, you then need to pay your rent or pay your mortgage and pay all your living expenses out of whatever's remaining. So pay myself first, it just automates that saving all that debt reduction process. And by automating it, and then just focusing on what I have left, that's happening anyway. And so like something I have to actively do, it's just happening every single time that I get paid. The third thing that's been really key for me, and that was actually building out this buffer fund. So in the past, I used to just be like, I would run on the line. And so every extra dollar that I had, I would either spend it, or I would invest it. And so but I got myself in a situation where it's like, okay, you don't actually have a buffer fund. So things go wrong, you might have a couple of weeks of money left over, but then you're screwed. And what I learned through the last, you know, year or two, especially through this period with the virus and everything that's happening, given enough time, you can work out a solution to your monetary problems, you can reduce your debt, you can take drastic action, like move back in with your parents, or you can grow your income, or you can get another job or something like that. But often you can't do that within a month. Sometimes it takes a couple months, sometimes it takes three to six months to do that. And so I would always see the financial advisors say, you know, have a buffer Vonda three to six months. And it's like, well, that's unrealistic, and not really needed. But then I got myself into the position where it's like, okay, that that actually is needed. And I do need that. And what a buffer fund gives me is nothing right now. The buffer fund right now is not adding any value to my life, other than the knowledge that it's there. But what I lost by not having a buffer fund was so big, because 12 months ago, when I didn't have a buffer fund and I was in a bad situation, then you have to take drastic actions and things that you might not do, or might not want to do or might not be in your best long term interest. And you just don't have the time to solve those problems. But with a buffer fund, it's like, Okay, I know that I can solve this problem. And I can do it in a way that's for my long term interest. So building that up was key for me. And that happened over time slowly built it out through paying myself first. And rather than pouring it all onto the debt to pay down quicker. It's like, okay, no, I had some restraint. But without that Bhagavan still make the debt repayments and everything. But that buffer funds there if I need it. And then if I want to pay off debt faster, I actually have to earn money on top of the buffalo fund that I already have. So having that been super important. The fourth thing, and probably one through four or really, really important, and that is finding a budget that works for me, I tried so many different budgets throughout my life. And part of the reason that I got into a not so great financial situation was that I was not actively budgeting for a lot of my life.

https://www.youtube.com/watch?v=7TTsnQbx52k So much has happened in my life to affect my finances over the last 5 years and even the last 12 months. But I've been working behind the scenes on my financial gameplan and I'm excited to share it with you today. Here's exactly how I plan to grow my business, get out of debt, achieve financial freedom and invest in property for that long term financial freedom. 0:00 - Introduction0:53 - The way I earn money is different to most people1:19 - My financial history5:44 - My business game plan11:58 - Increasing my income in a passive way13:52 - My financial goals15:30 - Living the life you want now, but investing for the long term17:35 - My property investment strategy19:55 - Your financial game plan Recommended Videos: 2 Properties To Financial Freedom How I Got Myself Into Debt Transcription: Ryan 0:00so much has happened in my life that has affected my finances over the last five years and i'm in a situation now where my finances are growing i'm getting out of debt and in this episode i want to talk about my personal financial gameplan how i'm planning and getting out of debt how i'm planning on getting into a position to invest and helen growing my business and also kind of explain to you why i'm in the position that i'm in today where i don't have a lot of cash flow coming in and so there's things that i can't necessarily do like buy a new car but how i'm doing the word today that's going to actually set me up for my future so i'm really excited to share this with you i hope that you find it interesting and glean something from it yourself that maybe you can add into your own financial gameplan and how you're going to move forward i will say at the start i am not a financial advisor so this is not financial advice but be i would also say that the way that i earn money is very different to the way most people earn money as an online entrepreneur as a content creator the way i earn money is a bit strange and also a bit delayed and so we'll get into that and that's part of the reason why i'm in the position that i'm in today but before we jump into the game plan i do want to talk through a bit of my history and a bit of what happened so if we look back in you know 2013 so seven or eight years ago now i was a pharmaceutical rep earning six figures per year with a free car and free petrol on that car i left that in 2013 to actually move into state we moved my family my family moved up to queensland to the gold coast so i quit that job to go full time in my online business which at the time was only earning something around 500 to $1,000 per month so you're looking at like six to 12 grand per year that it was earning and left a six figure job for that so moved into that and then worked in that full time for a few years and it was in november 2016 that i achieved what i call pseudo financial freedom so this was me being in a position where i didn't have to work anymore my business was earning enough income passively that i hardly had to work i would work a few hours per week and generally it would be when ben would call me up and say let's record a video we need to do some work or when i feel passionate about it so november 2016 i achieved pseudo financial freedom and i knew that at the time if i didn't work it will only last few years and then i would have to work again and actually it was two years almost to the day november 2018 that i lost my financial freedom so in november i had a downturn in my business i was also going through a separation at the time so i have actually increased my expenses i was paying for two houses and things like that so this is where my debt escalated and i got into a lot of debt in a short period of time so that was pretty rough i was in a pretty bad financial position in march of 2019 i felt stable again and i'd worked hard on my business from november until march and i thought okay i got it in a good place but then in june 2019 so just one year ago from the day that i'm recording this i had a situation where i felt like i was nearly bankrupt like i wasn't actually nearly bankrupt a bunch of things came through and i could manage it so i didn't go bankrupt but all these bills came in due on the one day that i was not aware of and a bunch of things all coalesced on the one day that i was like you owe this amount of money you have to pay it now otherwise you know and i didn't have the money to pay it and so i thought what am i going to do but then luckily i had some income from my business i was able to delay those payments out and so bankruptcy obviously didn't happen which is pretty cool also around that time june i think it was a month earlier that i started working in a cafe in order to just have some short term income coming in so that i can continue to pay my bills now all of this time from november to june i'm working on my online business and growing that but in august i had a massive breakthrough in my business and really saw the way forward so i saw my future i created a plan for my future and really understood okay what am i going to do now in order to move things forward so i'm not in this position forever and so that had to do with my business and the way that i create content and it was basically writing an article every single day for a website i'm related to onproperty as well as continuing on property and continue that going as well but these these websites that i'm working on the articles that i'm creating that was my way out and so between august and will now which is june 2020 i've actually i'm proud to say that i've published 330 articles so nearly one per day i've also published around 110 videos for on property so put op for on property so did a lot of work in this time this is also while working at a cafe looking out for my kids part time as a single dad and you know just doing life as well now here's where we're going to get into the financial gameplan and the reason i explained all this is as you can see my journey but also so you can see how my business works and why i'm in the situation that i'm in today and why i probably won't be here in a year so the way that my business works is that i own a bunch of different websites and i write articles for those websites but when you write articles for your own website they don't make money straight away it's like you write it and then instantly the money comes in most people when they work a job they get paid income for that day that they were at that makes sense you do a job you get paid and that pay comes weekly fortnightly monthly whatever with my business and the interesting thing about it let's say you went for a job interview this is kind of how i work let's say you go for a job interview and they say we love you we want to hire you but we're gonna pay you nothing this year absolutely nothing not gonna pay anything this year however if you work for us full time this year we will pay you somewhere in the realm of $40,000 to $160,000 per year for the next three to five years passively okay so first year you're number one you earn $0 nothing so you're gonna work an entire year and earn nothing but then when you're in your second third fourth fifth year then you can earn somewhere between 40 and 160k you don't actually know how much that's going to be because it depends on the performance of your articles and the work that you did it also depends on luck but basically you're going to get this amount of money passively for the next you know three to maybe five years it depends on how things go you don't actually know but if you look at this okay i'm working for one year i make nothing in the first year but then worst case scenario i'm kind of looking at around $40,000 absolute worst case horrible case scenario and worked out is around $16,000 per year but that's highly unlikely and i'm tracking my stats and it probably won't happen but let's say you just get it for three years 40 plus 40 plus 40 that means we're going to pay you $120,000 for the year that you worked let's say you're on the upper end of the scale around 160,000 which is high i probably won't get that but 163 20 that's $480,000 but that's over the next you know four years but that's effectively the amount that you're looking at getting so you can start to see that okay this is this is pretty lucrative like this could actually set me up oh and on top of this you can also staff your years so let's say you work your first year and you earn $0 but then you get this amount of money let's just simplify it and call it the bottom end of the scale of $40,000 so firstly you earn zero but then you can stack it so let's say you work your second year we've got the $40,000 that you're earning from the first year that you worked plus you're going to get $0 for working this year but we're going to give you $40,000 in passive income for the next three years after that now we're working in our third year and we're earning 40,000 from our first year we're earning 40,000 from our second year and then we're earning $0 for the work we're doing this year but you're adding $40,000 in passive income for the next three to five years so then we start to enter year four and you can start to see how they start stacking up so earning $40,000 from our first year of work 40,000 from our second year 40,000 from our third year and then we'll squeeze it in here $0 from our fourth year but we're adding 40,000 to the end there so firstly un zero and this is where i have been this has meant Right now is from August when I worked this out to June. So it hasn't even been a full year yet. And kind of in this position. Now, it's not exactly zero. I haven't some money from the work that I've done. But this is a simplified example. But this is the position that I'm in at the moment. And I'm about to enter into my second year, in August. So this is my financial plan. And this is how it works. And as I said,

https://www.youtube.com/watch?v=CLDi5tZO26I How does tax work with positive cash flow properties and how is it possible to have a positive cash flow property and not pay any tax on the income. While I'm not an financial advisor I explain the main concepts behind how this works in todays video. In short: Rental income - expenses - depreciation = profit/loss Profit or loss is then added or subtracted to your taxable income. 0:00 - Introduction0:48 - What is positive cash flow?1:20 - How does tax on positive cash flow work2:48 - How depreciation affects the tax you pay Recommended Videos: How Depreciation Affects Capital Gains Tax (Ep115) Positive Cash Flow Explained Simply (with Pen and Paper) Negative Gearing Explained Simply (with Pen and Paper)

https://www.youtube.com/watch?v=-GUbiE3ieDQ Let's start to explore the concept of living a conscious life that makes you fully content and fully happy on the way to your financial freedom. 0:00 - Introduction0:19 - Financial freedom at 28, a bit of my story4:18 - Not living life on autopilot7:18 - What has worked for me so far12:18 - Our Wildly Adventurous Life15:55 - Don't pin your hopes on financial freedom giving you happiness Recommended Videos: Losing Financial Freedom SUCKS! What It Felt Life For Me What It Feels Like To Be Financially Free Transcription: Ryan 0:00usually on this channel we talk about property investing personal finance achieving financial freedom all that good sort of stuff but in this episode i want to do something different and start to explore the concept of actually living a conscious life and living a life that makes you fully content and fully happy and the reason that i want to explore this in more detail is that i achieved financial freedom at the age of 28 or what i call pseudo financial freedom my businesses were earning enough money without me working that i didn't need to work and so i spent probably about two years from 28 to 30 where i hardly worked at all and i was not rich in terms of the fact of i had a private jet and fancy cars not i did not have a fancy car at all but i did have a decent house i lived one straight back from the beach you could walk to the beach didn't have to work so drive the kids to school then we'd go out for coffee and go to the beach and just kind of spend my days doing that do a bit of work when i felt like it and felt inspired to or when ben would call me up and say ryan we need to record some stuff i'd be like okay so i achieved that at 28 and i realized that financial freedom doesn't make you happy and that was a big shock to me and a big shock to my system because for my life i had been pursuing this goal of financial freedom and while i didn't consciously think okay financial freedom dang i'm going to be happy i think in the back in my mind or subconsciously that's what i believed because when i achieved financial freedom and i wasn't happy i was i was quite shocked about that and so for two years i explored a bunch of different things i hardly worked and explored okay what can make me happy what can make me feel fulfilled and tried a bunch of different things and eventually at least reached a place where i wasn't depressed anymore i have suffered with depression anxiety eating disorders throughout my life and so i was so grateful for that time to reach a place where i'm like okay i kind of have an idea of how to manage my mental illness and not feel depressed anymore or not feel like i have an eating disorder anymore and so i've got to that so that was good but now i'm not financially free anymore i ended up getting myself into a bunch of debt went through a separation business went through a downturn at the same time so expenses jacked up income dropped dramatically built up debt pretty quickly in a period of a couple of months and i'm now climbing my way out of that so i'm no longer financially free and i'm working towards financial freedom again and i still think financial freedom is valuable and important but i feel what's more important is actually living that conscious life and being happy in the life that you have and it's something that's not really talked about by a lot of people most people will talk about okay here's how you get rich here's how you build wealth and we do talk about that on this channel we talk about the strategies and how you can achieve it and that's important financial freedom gives you choices which is great and you want to move towards that and if you're looking for property tips there's hundreds on the channel but what's not really talked about by anyone is how do we actually achieve happiness on our journey towards that and i guess it is sorted out by people online but it's something that i still haven't worked out yet and no matter how many youtube videos i watch your podcast or listened to or books i read i'm still struggling to find that and so this is me actually opening up the conversation with you i don't have answers i don't have solutions in this video this is not me having worked it all out but this is you joining me on the journey this is us going on the journey together to work out okay let's not pin all our hopes and our dreams on financial freedom and on a certain level of wealth let's find it now yes let's move towards financial freedom let's move towards more wealth let's move towards a better life but let's find that happiness let's find that purpose let's find that contentment now and how do we go about doing that and so for me i guess the first way that i've been exploring this is actually consciously thinking about that and consciously exploring how can i move towards that how can i find more happiness more contentment more fulfillment in my life so what i feel like a lot of us do and what i did for a whole bunch of my life as well is that you kind of stumble through life you kind of go through life almost on autopilot living each and every day especially if you're striving towards a goal if you're like me and you're striving towards that goal of financial freedom so much of what you do is in pure service to that goal So for me financial freedom, it was like the work that I did was in service to that goal. And then when I wasn't working, I almost felt bad, because I wasn't moving towards that goal, which would create my happiness. Now, when I wasn't working, I was spending time with my kids, or spending time with my wife, or spending time with my family, hanging out with friends going to the beach, going on holidays, you know, but in a way, and while I was kind of present in a lot of those moments, and I had some really good times, I feel like a lot of that time was just like, wasted in almost zombie mode of just like, Okay, this is what we need to do, we're going to give the kids dinner, we got a bath and put them in bed. Now we're tired, let's watch some TV. Now we'll go to bed sort of thing. And I just feel like so much of that time was wasted, where I could have been more present in the moment, or a lot of those times I was thinking about what am I going to do at work the next day or head on want to move towards my goals in work or working late at night, and thinking about that sort of stuff. And even since achieving financial freedom, for the last year and a half getting out of a debt hole, I was kind of in that position as well, where it's like, rather than financial freedom, it's like get in a position where I can afford to pay off my debt and live my life. And I finally got there now. So I feel like I've got the breathing space to explore this stuff again. Whereas when I was in that, it was just like all work. I'd go go, go, build up your income, build up your income, work hard, make ends meet until your income grows enough. And I'm kind of out of that position and can't, I'm still in debt, but I'm paying it off and can afford to pay it off now. And still live my life. Not lavish by any sense of the imagination, but getting there. And so I think, for me thinking about, okay, how am I going to be happy? How am I going to be content? How am I going to find fulfillment in my life and in my work, because while I'm working towards financial freedom, now, I realized that financial freedom is not going to make me happy. And so I need to be happy along the way. Because when I achieve it, it's just gonna be another day. And so what has worked for me so far, is firstly, just being extremely conscious and present in the moments that I mean, I'm by no stretch of the imagination perfect at this, I live in my head more than most people, I just have an overactive brain. And so I'm often thinking about things or pondering business or thinking about relationships or meaning of life, or whatever. So I spent more time in my head than most people. But actually making that conscious choice to Okay, step out of stop thinking about the future, stop thinking about the past, be here, be present in this moment, experience everything in this moment. And so whether that be right now, as I'm recording this video for you, it's like when you start to tune in, and you start to be present, it's like okay, feel your body feel the air around, you feel the floor beneath your feet, or what you're sitting on, or the other night. I had done. It was yesterday, I had done all my work for the day, I plan to work late into the night, but finished everything early. and ended up coming over here. This is my partner's place. And kids were in bed, and we were just lying on the couch and had nothing to do, we don't really watch a lot of TV, we just kind of hang out. And it was hard for me to kind of like accept that. But I got into the state where I'm like, Okay, I'm present in this moment. I'm enjoying this moment, and I'm enjoying being with you. And we had cuddles, we had conversation, we had a good night. And it was just relaxing. And that that act of being present can bring so much happiness and contentment to your life. And then by being present as well. You can then explore. Okay, what do I think is going to drive contentment for me? And so for me, I realized that money wasn't the answer. Financial Freedom wasn't the answer. And so for me, I found a lot of contentment in relationships, and in the relationships that I have in the people that I have in my life. It's definitely something that I need to work on and build up because I'm a very introverted person. And so I don't I gain energy being by myself, but I love having people in my life and high quality people in my life who stimulate me and who push me and who, you know, I can talk to about things. And so it's like relationships are really important to me. And doing work that challenges me I found it is really important. So,

https://www.youtube.com/watch?v=siOaFA4xPkQ You can use property investment as an insurance policy for your retirement and for the life that you want. This simple way of investing can set you up and allow you to live your best life sooner rather than later. Book a Free Property Strategy Session 0:00 - Introduction0:33 - 2 properties to financial freedom2:15 - How is this an insurance policy for our future?6:50 - Achieving financial freedom and an early retirement9:29 - This insurance policy allows you to change your life BEFORE you're financially free Recommended Videos: 2 Properties To Financial Freedom

https://www.youtube.com/watch?v=GM8rSBbnhTw What exactly is positive cash flow when it comes to property investing? Why is it so powerful and how can it help you achieve financial freedom? Free Property Strategy Session 0:00 - Introduction0:20 - What is positive cash flow2:10 - Looking at the numbers5:35 - What is positive cash flow summary7:04 - Why positive cash flow is so powerful Recommended Videos: Negative Gearing Explained Simply (with Pen and Paper) 2 Properties To Financial Freedom $15,000 in Passive Income From Just 1 Property