In this episode of Property Pals, Jaryd Krause and Sam Powell discuss common myths and misconceptions about property investing.

They cover topics such as the need for a lot of money to start investing, the difference between good and bad debt, the idea that renting is dead money, the myth of only investing within a 10-kilometre radius of a CBD, and the misconception that flipping properties is easy money.

They provide insights and debunk these myths, emphasising the importance of individual circumstances and proper research.

Lastly, they debunk the myth that one is too old to start investing, emphasising that age should not be a barrier and that there are options available for all stages of life.

EPISODE HIGHLIGHTS

• You don't need a lot of money to start investing in property; even a small deposit can get you started.
  
  
• There is good debt and bad debt; leveraging debt for investment purposes can be beneficial.
  
  
• Renting is not necessarily dead money; it can be a strategic financial decision depending on individual circumstances.
  
  
• Investing outside a 10-kilometre radius of a CBD can still be profitable, especially with the flexibility of remote work.
  
  
• Flipping properties is not easy money; it requires careful planning, market knowledge, and understanding of the risks involved.
  
  
• Cash flow is important, but it's not the sole determinant of a successful investment; consider long-term goals and potential for capital growth.
  
  
• New and off-the-plan properties may not always make good investments; older properties in established locations can offer better land value and growth potential.
  
  
• Interest rates should be considered, but other factors such as loan structure and flexibility are also important.
  
  
• Age should not be a barrier to starting property investment; there are options available for all stages of life.

CHAPTERS

00:00 Introduction and Overview

03:21 Lessons from the First Deal: Retail Shop in Sunshine Coast

08:21 Pros and Cons of the First Deal

11:04 Lessons from the Second Deal: Warehouse in North Brisbane

18:05 Pros and Cons of the Second Deal

25:09 Considering Cash Flow and Risk Tolerance

29:01 Using Borrowing Capacity and Making Conservative Projections

32:06 The Current Economic Climate and Interest Rates

34:12 Conclusion

ABOUT THE HOSTS

Sam Powell is a certified property investment advisor and registered property valuer with an illustrious career helping people save and make millions of dollars through property investing.

Jaryd Krause considers himself a student of property, owning his own portfolio of property and online businesses he shares his failures and successes through his property journey.

The Property Pals is strictly just a podcast on how to help you earn passive income through property investing to live a better lifestyle. We have no products or services to sell you, if you ever want help we can refer you to the different people we use for our own personal property portfolios.


RESOURCE LINKS:
➥ Property Pals Website - https://www.propertypals.au/
➥ Property Pals Website - https://www.propertypals.au/coaching
➥ How To Maximise Your Borrowing Capacity Mini Course - https://www.propertypals.au/resources 


Disclaimer:
Any information shared by Sam, Jaryd & The Property Pals team is strictly general and should not be taken as constituting professional advice. You should consider seeking independent legal, financial and taxation advice from a qualified professional.