Afleveringen
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Ross and his family, including his wife Jen and their three children, recently transitioned from their old home to a new upgraded property while also investing in a Brisbane property. This discussion explores their journey, motivations, and experiences with property investment.
Ross and Jen decided to upgrade their family home for a better lifestyle while investing in Brisbane.
Transition to a New Home and Investment Property:
Their investment property, valued in the mid-to-high $500,000s, has appreciated significantly due to strategic location choices and developing infrastructure.Remote Property Purchase Process:
The couple purchased their investment property sight unseen, a growing trend (93% of clients) facilitated by OpenCorpâs remote services during COVID-19.They trusted OpenCorpâs team despite not meeting face-to-face, citing smooth communication and a strong reputation as key factors.Motivations for Investing:
Their goals included securing financial stability for their family and leveraging property as a long-term investment strategy.Ross highlighted the importance of unemotional decision-making, focusing on market growth potential rather than personal attachment to the property.Challenges and Process Management:
Initial challenges included navigating the volume of paperwork, contracts, and communication during the build process.OpenCorpâs team, including finance brokers, property strategists, and portfolio managers, provided comprehensive support, simplifying the process and ensuring confidence in decision-making.Positive Investment Outcomes:
Strategic location choices in Brisbane, near infrastructure development, led to significant property value growth shortly after completion.Ross appreciated OpenCorpâs guidance in identifying areas with high growth potential before infrastructure was fully established.Future Goals:
Ross and Jen are focused on balancing debt repayment for their home and expanding their investment portfolio.They feel more confident about their financial future thanks to their investment strategy.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
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OpenCorp client Matt details his journey from running a business to building a diverse property portfolio, emphasising long-term planning and overcoming scepticism. Matt shares his "light bulb moment," when his property portfolio outpaced his clinic's income.
Matt transitioned from podiatry to property investment after realising his property portfolio was outperforming his earned income.He highlights his experience managing three podiatry clinics before entering property investment full-time.
Introduction:Light Bulb Moments:
Matt's "aha moment" was seeing his property portfolioâs growth surpass his business income.He addresses misconceptions about property investing, such as it being only for the wealthy, emphasising affordability and strategic planning.Personal Journey:
He and his wife Kristy began as "rentvestors," renting in Melbourneâs affluent Bayside area while investing in properties elsewhere.They overcame common concerns like holding costs and tenant issues by working with OpenCorp.Property Portfolio Development:
Matt started investing in 2020 with properties in Brisbane, achieving significant growth.He expanded his portfolio with properties in Perth despite challenges like construction delays, later benefiting from substantial rental yields and price appreciation.Family and Mindset:
Matt didnât inherit investment knowledge but cultivated an abundance mindset through business coaching and learning.He advocates for setting clear goals and timelines, such as building a portfolio to generate passive income and eventually fund a dream home.Transition to OpenCorp:
As a property strategist, Matt applies his background in problem-solving to help clients achieve financial freedom.He emphasises the value of expert guidance, comparing OpenCorpâs role to that of a coach or personal trainer for property investment.Advice to New Investors:
Matt encourages starting as soon as possible, addressing fears by seeking expert advice.He underscores the importance of leveraging data-driven strategies rather than relying on anecdotal research or hesitation.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
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Zijn er afleveringen die ontbreken?
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In this episode of Brick to the Future, hosts Cam McLellan & Allison Lewison interview Pascal Butler about his unique journey into property investing. Pascal, from Melbourne's Box Hill, shares insights into his background and decision to pursue investment properties rather than purchasing a personal residence.
Journey to Property Investment:
Pascal and Georgia preferred living in Box Hill but found purchasing a home there unattainable due to high costs.They decided to invest in property rather than buying a personal residence, also known as "rentvesting".Motivation and Influences:
Inspiration came after reading a property investment book by Cam McLellan. "My Four Year Old the Property Investor"Pascalâs father, after reading the same book, offered to use equity from his home to help fund Pascal's entry into property investing.Myths and Misconceptions:
Pascal challenges the idea that ârent money is dead money,â explaining that renting can be viable if youâre investing wisely.Discusses how outdated ideas like these often stem from industry marketing tactics.Financial Support and Strategy:
With OpenCorpâs assistance, Pascalâs father released $100,000 equity to fund Pascalâs first investment.OpenCorp provided a comprehensive plan, or âroadmap,â to help him grow his portfolio over time.Challenges and Sacrifices:
To prove his financial commitment, Pascal sold his car and adhered to a strict savings plan.Overcame initial fears about debt with guidance on the structure and financial viability of the investment.Investment Progress:
After purchasing his first property with OpenCorp, Pascal is on track for a second.His portfolio has already grown significantly, with $200,000 gained in equity within 18 months.Advice and Takeaways:
Pascal emphasises the importance of planning, education, and taking action rather than relying on outdated financial beliefs.Encourages parents to consider helping their children with equity to assist with getting into the market.Pascalâs experience showcases how family support, a clear investment strategy, and expert guidance can make property investment accessible and rewarding.
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In today's episode Cam & Al cover an in-depth discussion on negative gearing in Australia, focusing on its impact on property investors and the housing market.
Definition and Basic Concept: Negative gearing is a tax offset where investors deduct property losses from their taxable income, reducing tax liability. Itâs commonly used by average Australians earning around $87,000.
Rationale for Negative Gearing: Negative gearing helps investors by having tenants, the government (via tax breaks), and the investor collectively cover the costs, making property investment more accessible, especially for first-time investors.
Historical Context and Political Debates: Previous attempts to remove negative gearing (e.g., 1987) led to rent hikes and investor sell-offs. The policy was reinstated due to the adverse impact on renters and the housing market. Politicians often debate negative gearing near elections, with concerns over housing affordability versus investor benefits.
Housing Supply Crisis: Australia faces a housing supply shortfall, worsened by high immigration and insufficient new housing construction (27% below the 10-year average). Negative gearing is seen as supporting housing availability by incentivizing investments in rental properties.
Proposed Policy Adjustments: One proposed change is to allow negative gearing only for new builds, thereby increasing housing supply. This could balance the need for affordable housing with economic growth while avoiding the creation of ghettos or segregated low-income areas, as seen in the U.S.
Economic Implications: Immigration is crucial for economic growth, but it raises housing demand. Increasing construction could offset this demand, but high property taxes (up to 43% on home costs) hinder affordability. Reducing taxes could make housing more affordable without eliminating negative gearing.Future Policy Speculation: The likelihood of abolishing negative gearing is low due to past political backlash. The discussion speculates on the governmentâs strategic use of this topic to gain votes, despite a low probability of actual reform.
Negative gearing as an essential tool for maintaining a balanced housing market, where its modification, rather than elimination, could address both investor and social needs.
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Listen Now for a breakdown on leveraging lenders Mortgage Insurance (LMI) to overcome barriers and secure your spot in the property market!
In this episode, we dive into the challenges young Australians face in todayâs property market. With median house prices across capital cities now reaching $855,877 (up from $596,018 in 2019), saving a 20% deposit has become a daunting task. Rising living costs, inflation, and low household savings make it harder than ever to achieve homeownership.Key Topics Covered:
Challenges of Saving for a 20% DepositThe average deposit needed is now $159,000âa 50% increase since 2020, meaning it can take up to 10 years to save the full amount in todayâs market.Median property prices jumped 7% from 2023 to 2024, highlighting the financial cost of waiting.Why Paying LMI is a Strategic ChoiceLenders Mortgage Insurance (LMI) allows buyers to enter the market sooner with a 5-10% deposit.Although LMI is an additional cost (typically 1-2% of the loan), it enables buyers to capture property appreciation immediately.Outpacing Rising Prices and Building WealthBy opting to pay LMI, buyers may achieve faster equity growth than they would by saving for a 20% deposit.For investors, LMI is often tax-deductible, further reducing its impact on overall costs.Takeaway:
For many, paying LMI is a stepping stone to get into the property market today, potentially offering more financial benefits than saving for years. If you're ready to learn how LMI can work for you, tune in to hear why itâs a tool worth considering in your property journey.
Questions?
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"Understanding Your Mortgage" At OpenCorp we focus on strategies to manage mortgages and optimise property investments.
Mortgage Types: Explaining the difference between principal and interest loans and variable loans, emphasizing that investment properties often benefit from variable loans due to flexibility.
Lazy Equity: The term refers to equity in properties that homeowners often overlook. By leveraging this equity, investors can purchase additional properties and accelerate their financial growth.
Investment Strategy: Using "other peopleâs money" (OPM), like bank loans, to finance property purchases. They stress buying multiple properties to benefit from market appreciation, which can significantly reduce long-term mortgage repayment time.
Cross-Collateralisation: A key caution is given against cross-collateralising properties (linking multiple properties under one loan agreement), as this can risk both the investment property and the ownerâs home.
Accumulation and Consolidation Phases: The strategy involves accumulating properties quickly to maximize growth during market cycles, followed by a consolidation phase where investors enjoy passive growth from their portfolio.Be proactive and strategic in using mortgages and equity to build wealth and reduce dependence on long-term repayment schedules.
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In this weeks episode, Jeremy Bishop - OpenCorp General Manager Property Management and Jess Brandy, Head of Property Management QLD, discuss the importance of insurance for investment properties, focusing on two main types: building insurance and landlord insurance.
Building insurance covers the physical structure, while landlord insurance protects against issues related to tenancy, such as loss of rent or tenant damages.
Jeremy and Jess share their hot tips in what to look for in finding the right insurance for your property assets.Facebook: http://www.facebook.com/opencorp
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OpenCorp CEOs Cam McLellan and Alister Lewison, discuss the appeal of a diversified investment portfolio. It feels safe. But when youâre serious about building wealth, safety isnât enough. Control is what you need.
Cam McLellanâs strategy emphasises the importance of control, leverage, and strategic action in property investment. By using equity, leveraging other peopleâs money, and accumulating assets quickly, you can cut years off your working life and enjoy financial freedom sooner than you ever thought possible.
So, if youâre considering diversifying your investments, think carefully about what that really means. Do you want to spread your wealth across different assets with little to no control? Or do you want to take control of your future by building a property portfolio that works for you?
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Open Corp CEO's Cam McLellan and Al Lewison discuss the financial impact of property investing on lifestyle, with a focus on taxation strategies to mitigate costs. Key points include:
Lifestyle Concerns: Many people avoid investing due to fears that property investment will impact their lifestyle, such as limiting holidays or dining out. However, with proper strategies, investments can be managed without sacrificing lifestyle.
Negative Gearing: Negative gearing allows investors to offset property holding costs (such as interest and repairs) against their taxable income, reducing the amount of tax they pay. This can make holding an investment property more affordable.
Tax Depreciation: Depreciation schedules allow investors to claim deductions on the value of the propertyâs building and fittings over time, reducing taxable income. New properties have higher depreciation benefits, making them more attractive from a tax perspective.
Tax Withholding Variation: A tax withholding variation form can be used to adjust the amount of tax withheld from an investorâs salary, allowing them to receive the tax benefits throughout the year instead of waiting until their annual tax return.
Finding the Right Accountant: It's essential to work with an accountant who understands property investment. Not all accountants are familiar with the specific tax deductions and strategies related to property investing.
Repairs vs. Upgrades: Investors can claim repairs as tax deductions but should be cautious when making upgrades, as these may not be immediately deductible.The conversation emphasizes using tax benefits to maintain a good quality of life while growing a property investment portfolio. It also encourages consulting knowledgeable accountants and using the right financial tools.
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Stay up to date on legislation changes that could affect your investment property and tenancy outcomes! OpenCorp General Manager - Property Management, Jeremy Bishop & Team Leader - QLD, Jess Brady, discuss the recent legislative changes in rental laws for New South Wales and Queensland. Key points include:
Removal of No-Grounds Evictions: Landlords must now provide a valid reason for ending a tenancy, similar to Victorian laws. Reasons may include property sale, moving in, or renovations.Rent Bidding: It is now illegal for landlords or agents to solicit offers above the advertised rent.Minimum Standards for Habitation: These include structural soundness, lighting, ventilation, plumbing, and disclosure of property issues like flooding or significant repairs.Rent Increases: Rent can only be increased once per year.
New South Wales:Queensland:
Rent Bidding Changes: Landlords cannot accept unsolicited higher offers from tenants, emphasizing the need for accurate rental pricing from the start.Rent Increases: Linked to the property, not the tenancy. This affects situations like break leases, where previously rent could be adjusted if tenants left early.Minimum Housing Standards: Effective from 2023 for new tenancies, and soon for all properties, these include standards like mold-free environments and privacy for all bedrooms (e.g., with blinds).CPD (Continuing Professional Development) Points: Upcoming changes will require property managers to complete annual training monitored by the Office of Fair Trading to stay updated on legislation.These changes reflect a growing emphasis on tenant rights, transparency, and professional standards in property management.
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In this episode, OpenCorp CEO Cam McLellan and Director Allister Lewison delve delve into the differences between investing in premium (blue-chip) areas and more affordable (growth) suburbs, with an emphasis on portfolio growth and wealth creation.
Key points include:
Entry Price and Borrowing Capacity: Blue-chip properties require higher entry prices, which limits growth potential as they are more expensive and often yield lower rental returns. Growth suburbs offer more affordable entry points, making it easier for investors to buy multiple properties.
Cash Flow and Holding Costs: Investing in blue-chip areas typically results in higher holding costs, which can negatively affect cash flow. Growth suburbs, on the other hand, allow investors to hold more assets for less out-of-pocket costs due to lower entry prices and higher rent-to-purchase ratios.
Emotional Attachment: Many first-time investors make emotional decisions by purchasing properties in areas they are familiar with or emotionally attached to, often leading to less favourable financial outcomes. A more strategic approach involves purchasing properties based on financial fundamentals.
Leveraging the System: TIPS: Experienced investors understand how to navigate the financial system, particularly through understanding valuations. Properties in growth areas, bought strategically under the median house price, tend to be valued comparatively to their greater counterparts, where this can lead to greater equity growth over time.
Market Cycles: In a market driven by affordability and supply-demand dynamics, growth suburbs consistently outperform blue-chip areas. Blue-chip properties may see short bursts of high growth during favourable economic conditions, but growth suburbs tend to provide greater, long-term capital appreciation.
Data-Driven Decisions: At OpenCorp we have over 20 years of client data that consistently shows that investing in growth suburbs delivers superior returns compared to blue-chip areas, with clients outperforming the market by significant margins.The conclusion is that while blue-chip properties may seem appealing due to their prestige and location, they often underperform compared to well-chosen growth suburb properties in terms of portfolio scalability and wealth creation.
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This episode provides insights into the current challenges of the Australian property market and offers practical strategies for parents to support their children's future financial stability through smart property investments.
The podcast focuses on providing property investment strategies to everyday Australians.Emphasis on minimizing risk and making informed investment decisions.
Introduction:Discussion Overview:
Cam McClellan's appearance on the Today Show about the "Bank of Mum and Dad" generated significant interest.The main topic is how parents can assist their children in entering the property market.Challenges in the Property Market:
Australia's property market is facing a supply-demand imbalance with rising prices and population growth.Current building approvals are significantly below the ten-year average, exacerbating the issue.McClellan's concern is that young adults will struggle to save enough for deposits in the future.Strategies for Parents:
McClellan advocates for parents to invest in property now to help their children in the future.He discusses a strategy of buying property with a current deposit, allowing it to appreciate over time.This approach aims to provide a substantial financial benefit to children without "silver spoon feeding" them.Implementation:
McClellan emphasizes the importance of setting up a trust structure to manage the property investment.He explains that parents can control the property through a trust, with children as beneficiaries.This structure ensures clear agreements and prevents conflicts among siblings.Key Takeaway's:
McClellan stresses the urgency of making decisions now due to the ever-increasing property prices.He encourages parents to consider whether to assist their children immediately or wait until later.The podcast ends with a call to action for parents to help their kids enter the property market before prices become prohibitive.Resources Mentioned:
Download Cam's Book "My Four Year Old The Property Investor"Listener Feedback: We love hearing from you! Share your thoughts on this episode and suggestions for future topics by leaving a review or contacting us directly through our website.Sponsor:
This episode is brought to you by OpenCorp. Helping everyday Australians achieve financial independence through smart property investment. Visit OpenCorp to learn more. Thanks for tuning in! If you found this episode valuable, please share it with your friends and family. Stay tuned for more insights on making smart property investments and achieving financial independence.Enjoy the episode and happy investing!
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
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A common question we get asked at OpenCorp: How can I hold multiple properties while I'm still paying my mortgage and dealing with the cost of living? Michael Beresford, Executive Director - Property & Investment Services, gives a quick masterclass on how that works.
Highlights:
A masterclass on how to hold multiple properties while still managing a mortgage and dealing with the cost of living.
Property Selection: The type of property you buy significantly impacts how much it will cost you to hold the investment. Properties with higher rental income and tax benefits are preferable.Maximizing Rent and Tax Benefits:
Rent: Due to the rental crisis, rents are increasing, allowing investors to treat rental income increases as a form of pay rise.
Tax Benefits: New properties often offer greater tax benefits compared to established properties, which can amount to an extra $100 per weekâenough to help hold a second property.
Tax Variation Form: Investors can use a tax variation form to receive tax benefits throughout the year rather than waiting until the end of the financial year. This can provide additional monthly income to cover holding costs.
Real-World Example: An example from a recent client demonstrated how a property that was initially cash flow positive turned slightly negative due to rising interest rates. However, the increase in rent and tax benefits helped maintain the property with minimal out-of-pocket expenses. Watch the Real World Example discussed here: https://bit.ly/3X4yGDj
Cost of Waiting: The importance of taking action rather than waiting for perfect market conditions, as waiting can significantly increase the cost of holding a property.
Conclusion: By strategically selecting properties, maximising rent and tax benefits, and using tools like tax variation forms, investors can hold multiple properties without negatively impacting their lifestyle. This approach has been successfully applied by OpenCorp for over 20 years.
Watch the Real World Example discussed here: https://bit.ly/3X4yGDjFacebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
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In this episode, we dive deep into the critical aspect of property investment: making the right property selection. With properties worth hundreds of thousands of dollars, the stakes are high, and the most common mistake investors make is choosing the wrong property. Cam McLellan introduces the MAP processâMarket, Area, Propertyâa tried-and-tested method for selecting winning properties. Developed over 20 years, this process helps investors navigate Australia's complex property landscape and avoid costly mistakes.
Highlights:
Introduction to the MAP Process: Understanding the importance of a systematic approach in property investment. The MAP processâMarket, Area, Propertyâensures that investors make data-driven decisions rather than emotional ones.Why Most Investors Get Stuck: Exploring the common pitfalls, such as buying property in familiar postcodes and the lack of a structured approach, which leave many investors with just one property.Step-by-Step Guide to the MAP Process:Market: Identifying the best capital cities and regions for investment based on current market cycles.Area: Focusing on growth corridors within selected markets, taking into account factors like infrastructure, job diversity, and urban growth boundaries.Property: Zeroing in on the optimal property type and size for the area, considering factors such as land content ratios, proximity to amenities, and overall investment potential.Data-Driven Decisions: Emphasizing the role of data analysis in the MAP process, with OpenCorp's team of data scientists dedicating around 19,000 hours annually to research and analysis.Avoiding Overcapitalization: Tips on how to avoid overcapitalizing by understanding the local market and ensuring the property value aligns with the area.The Importance of Expert Guidance: The benefits of working with experts who have a structured process and deep market knowledge to ensure the best investment outcomes.We love hearing from you! Share your thoughts on this episode and suggestions for future topics by leaving a review or contacting us directly through our website.
Sponsor:
This episode is brought to you by OpenCorp. Helping everyday Australians achieve financial independence through smart property investment. Visit OpenCorp to learn more.Thanks for tuning in! If you found this episode valuable, please share it with your friends and family. Stay tuned for more insights on making smart property investments and achieving financial independence.
Enjoy the episode and happy investing!
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This episode provides practical insights into how investors can unlock and use the dormant equity in their properties to fuel further investments, ultimately enhancing their property portfolios without additional cash outlay.
Lazy equity refers to the unused equity in a property, which can be leveraged to make additional investments.The conversation opens with a discussion about how people often overlook the potential of lazy equity, leaving it "lazy" and unproductive.
Introduction to Lazy Equity:Understanding and Using Lazy Equity:
Explanation of "lazy equity" and example discussed in real terms; " if a property is valued at $1 million with a $500,000 mortgage, the difference ($500,000) represents potential lazy equity."This equity can be borrowed against to fund further investments, such as purchasing another property.Strategic Use in Investments:
By borrowing against lazy equity, investors can cover deposits, fees, and even construction costs for new properties.The importance of using this strategy to avoid out-of-pocket expenses and to maintain personal lifestyle without financial strain.Common Mistakes:
A significant mistake highlighted is underestimating the amount of lazy equity available or failing to utilise it effectively.Investors are advised to work with investment-focused brokers who understand these structures to avoid costly errors, such as underestimating interest costs during construction.Practical Advice:
Setting up an equity line that includes a buffer for interest payments during property development phases.The importance of separating home equity from investment equity to avoid cross-collateralization, which can complicate financial management.Conclusion:
Lazy equity is a tool for expanding one's property portfolio without additional cash input.Investors are encouraged to be smart about leveraging this equity to maximize returns while minimizing risks.Facebook: http://www.facebook.com/opencorp
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The Reality of the Bank of Mum and Dad in Today's Market
Description: In this episode, we dive into the growing trend of parents helping their children enter the property market, often referred to as the "Bank of Mum and Dad." Cam McLellan discusses the challenges young Australians face in saving for a deposit and how parents can creatively and responsibly assist their children. This episode offers practical advice for families looking to navigate the complexities of modern property investment.
Highlights:
Introduction to the Bank of Mum and Dad: Cam McLellan addresses the common perception of young Australians relying on parental assistance to enter the property market, comparing today's challenges with those faced by previous generations.Economic Realities of 2024 vs. 1980: A look at the stark contrast between the property market and average incomes in the 1980s compared to today, highlighting why it's significantly harder for young people to save for a deposit.Strategies for Helping Kids Enter the Market: Discussion on various ways parents can assist their children, including the use of equity gifts, going guarantor, and joint ventures. These methods can help mitigate risks and responsibilities for both parties.Case Study: Pascal and Family: A real-life example of how one family used an equity release to help their child enter the property market. This segment provides insights into the process, benefits, and long-term goals of property investment.Practical Tips for Parents: Advice for parents considering helping their kids, emphasizing the importance of responsible financial planning and ensuring that children are involved in the process, including saving and understanding the financial commitments.Key Takeaways: Reflecting on the importance of starting early and thinking creatively to navigate the current property market challenges.Resources Mentioned:
Download Cam's Book "My Four Year Old The Property Investor"Listener Feedback:
We love hearing from you! Share your thoughts on this episode and suggestions for future topics by leaving a review or contacting us directly through our website.Sponsor:
This episode is brought to you by OpenCorp. Helping everyday Australians achieve financial independence through smart property investment. Visit OpenCorp to learn more.Thanks for tuning in! If you found this episode valuable, please share it with your friends and family. Stay tuned for more insights on making smart property investments and achieving financial independence.
Enjoy the episode and happy investing!
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
What Returns Would You Expect from an Investment Portfolio?
Matthew Lewison (OpenCorp Co-CEO)Michael Beresford (Executive Director, Property & Investment Services)
In this insightful episode, Matthew Lewison and Michael Beresford from OpenCorp shed light on the impressive returns that can be achieved through smart property investment. They highlight historical performance, share compelling case studies, and discuss the importance of a tailored investment strategy. The episode is a must-listen for anyone looking to understand the potential of property investment and the key factors that drive success.
Speakers:Episode Summary: In this episode, Matthew Lewison and Michael Beresford discuss the expected returns from an investment portfolio, specifically focusing on residential property. They delve into historical performance, comparison with other asset classes, and strategies for maximising returns.
Key Points:
Residential Property Outperformance:Residential properties have outperformed other asset classes in Australia over the last 60 years.Property can be geared more than other asset classes, enhancing returns.Historical Returns:The Australian property market has achieved about a 9% per annum return over the last 18 years.OpenCorp clients have seen an average of 11% per annum on total portfolio returnsCommon Pitfalls:70% of Australian property investors only own one property.80% borrow to buy established or old houses, missing out on depreciation benefits.OpenCorp's Strategy for Success:Customised strategies based on individual income, tax position, and goals.Emphasis on structure, strategy, and repeating proven methods.OpenCorp clients are 2.5x more likely to own two or more properties than the average investor.If you're interested in learning more about how you can achieve similar returns through strategic property investment, book a strategy session with OpenCorp today at opencorp.com.au.
Our experts are ready to help you build a portfolio that aligns with your financial goals and maximises your investment potential. Don't miss this opportunity to take your property investment journey to the next level!Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
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Hosts:
Cam McLellan, CEO of OpenCorpMichael Beresford, Director of Investment ServicesEpisode Overview:
In this episode, Cam McLellan and Michael Beresford tackle the buzzword "hotspots" in the property market. They uncover what really makes an area a hotspot and discuss the reliability of hotspots for long-term property growth. The conversation offers a deep dive into why chasing hotspots might not be the best strategy for smart investors.Key Points Discussed:
Definition of Hotspots:Areas that have seen rapid growth, often due to media hype or vested interests.Created by high demand and reduced supply, leading to rapid price increases.Developers may manipulate the market by drip feeding land to keep pressure on supply.Reliability of Hotspots:Buying in a hotspot often means paying an inflated price.Smart investors aim to buy for value, not hype.Countercyclical Investing:Investing in areas before they become hotspots to maximise growth potential.Clients of OpenCorp have enjoyed $254K+ more than the average property investment property thanks to our property selections.Market Cycles:Property markets typically have cycles of growth, correction, and stagnation.Investors often buy at the top of the market due to confidence built from previous growth, only to face corrections and stagnation.Smart Investment Strategies:Avoid emotional decisions and hotspots driven by hype.Use a proven, research-based process to identify growth corridors with planned infrastructure and limited land supply.Importance of Expert Guidance:Having a coach or mentor to guide through the investment process.Formulating clear goals and strategies to achieve long-term financial success.Summary:
Hotspots: Often overhyped and can lead to buying at inflated prices.Smart Investing: Focus on areas with planned infrastructure and limited supply before they become hotspots.Expert Guidance: Seek mentors like OpenCorp to navigate the property market strategically.Additional Resources:
For a comprehensive guide on property investment and choosing the right mentor, get a copy of "My Four-Year-Old the Property Investor" by Cam McLellan. Get your copy here: https://opencorp.com.au/books/my-four-year-old-the-property-investor/Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
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Hosts:
Cam McLellan, CEO of Open CorpMichael Beresford, Director of Investment ServicesEpisode Overview:
In this enlightening episode, Cam McLellan and Michael Beresford delve into the distinct roles of buyers agents, investment advisors, and real estate agents. They clarify the unique skill sets and purposes of each profession and guide you on choosing the right expert based on your property goals.Key Points Discussed:
Real Estate Agents:Primarily assist in buying or selling homes in specific areas.Have detailed knowledge of local amenities and property listings.Work for the seller to get the highest price possible.Buyers Agents (Advocates):Assist buyers in negotiating with real estate agents.Follow the buyerâs instructions to find and negotiate the purchase of a property.Do not typically provide extensive research or investment advice.Investment Advisors:Focus on long-term property portfolio building.Offer step-by-step guidance, from goal setting to property management.Conduct extensive market research to find the best investment opportunities.Provide ongoing mentorship and support to grow your portfolio.Summary:
Real Estate Agents: Best for buying your own home in a specific area.Buyers Advocates: Ideal if youâre uncomfortable negotiating with real estate agents.Investment Advisors: Essential for building a profitable property portfolio with strategic guidance and support.Key Takeaway:
Choose the right expert based on your goals. For home buying, a real estate agent is suitable. If negotiation is a challenge, hire a buyer's advocate. For strategic, long-term investment success, consult an investment advisor like Open Corp.Additional Resources:
For a comprehensive checklist on choosing the right mentor and investment group, get a copy of "My Four-Year-Old the Property Investor" by Cam McLellan. Get your copy here: https://opencorp.com.au/books/my-four-year-old-the-property-investor/Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp -
In this special crossover episode, we welcome Cam McLellan, an Aussie-based investment expert and author of "My Four Year Old The Property Investor." Cam shares his journey of setting his kids up for financial success from a young age, discussing strategies for teaching kids about money, investing, and the importance of making smart financial decisions early in life. This episode features insights first shared on the "Where's My Money" podcast, where Cam was invited as a special guest.
Highlights:
Introduction to Cam McLellan: Get to know Cam, his background in property investment, and his mission to educate everyday Australians on building a solid financial future.Early Start in Investing: Cam shares his approach to getting his kids involved in property investment as young as eight years old, turning them into the youngest landlords in Australia.Financial Challenges and Solutions: Discussing the financial challenges facing young Australians today and how Cam's strategic planning can help bridge the gap between the haves and have-nots.Investment Strategies for Kids: Learn about the trust structure Cam uses to set up his kids for future success and the importance of teaching them the fundamentals of investing.Life Lessons in Money Management: Insights into the practical lessons Cam imparts to his kids, from saving pocket money to understanding the value of hard work and delayed gratification.Financial Independence for Everyone: Tips and advice for parents on how to model good financial behavior, avoid common money mistakes, and set their kids up for success, even if they can't afford to buy property right now.Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp - Laat meer zien
