29 | Common Mistakes when Investing in Property in Australia
About this episode
We’ve all made mistakes in life. Some are relatively harmless but when it comes to high-value transactions such as investing in property, the stakes are higher. So this time on The Property Couch podcast, Bryce Holdaway and Ben Kingsley list out a few common mistakes that they’ve seen people make in their investment journey.
The first mistake is underestimating the importance of having a good lending strategy and structure. One investment property will not be sufficient to provide you with a self-funded retirement so in time, you will need to buy another one and if you messed up your lending structure from the start, you might not be able to achieve your full potential in your portfolio. One of the common regrets that Bryce and Ben have heard before is the investor’s drive to look for lenders that offer them the least interest payable has clouded their decision for better borrowing power and eventually, a better asset.
Listen to this podcast to find out the other four mistakes that a property investor often makes.
Free Resources mentioned in this podcast:
- Ben’s short presentation: Fear/Procrastination vs. Greed – The Balancing Act
- Money Magazine article: Earn $55k a year in rental income
If you like this podcast: “Common Mistakes When Investing in Property”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/.
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube
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