The Michael Yardney Podcast | Property Investment

The Michael Yardney Podcast | Property Investment

Australia

Are you looking for financial freedom or more choices in life? You're in the right place. Each week Michael Yardney shares smart property investment strategies as well as the success and personal finance secrets of the rich, in 20 minutes or less. While Michael is best known as a property expert, he is also Australia's leading experts in the psychology of success and wealth creation and a #1 best selling author of 8 books. He frequently challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation. His wisdom stems from his personal experience and from mentoring over 2,000 business people, investors and entrepreneurs over the last decade. Michael's message will be priceless regardless of the size of your investment portfolio - whether you're just starting out or an experienced investor wanting to move to the next level, he will provide you a roadmap for real estate investing and financial success. http://MichaelYardneyPodcast.com

Episodes

004: Are you ready for an interest rate rise or four? | Why you must do the opposite of everyone else | 7 questions to ask before locking in on interest rates  

Today I discuss a very important topic for property investors - the future of interest rates.

Do you think they are going to stay the same, fall or rise?  

Would you be surprised if they went up eight times in the next two years? One expert believes that could be the case.

Could you cope with that?

In my mindset moment, I discuss why you should be doing the opposite of everyone else. And this doesn't just relate to real estate investing.

I will also share with you seven questions you should ask before locking in interest rates.

Today’s discussion includes:

How John Edwards, a former Reserve Bank board member, predicts interest rates will go up eight times. What “normal interest rates” rally are Why if rates do rise significantly, it would mean that the economy would be booming and that could be a good thing.

3 Reasons Why It Is Unlikely for Interest Rates to Go Up Any Time Soon:

We’re in the middle of a credit squeeze and banks have already raised interest rates The Reserve Bank wants to keep the Australian dollar weak The world’s economy is still sluggish

Mindset Message: Why you must do the opposite of everyone else.

Become great at something by focusing on that one thing and putting all your eggs in one basket. Choose one thing and do it really well and become an expert at it.

7 questions to ask before locking in on interest rates:

Will I want to sell during the fixed rate loan? Will I want to access the equity during the fixed period? Do I need an offset account? Can I make extra repayments on my loan? What balance of fixed and variable rates do I need in my portfolio? How long should I fix my rates for? If rates fall, what will locking in today cost me?

Links and resources:

Michael Yardney Metropole When will interest rates rise? John Edwards’ interest rate prediction Rich Habits Poor Habits

Quotes:

“Once the economy improves, the Reserve Bank may need to increase interest rates.” Michael Yardney

“To be successful, you need to dismiss common beliefs.” Michael Yardney

“Locking in interest rates gives you an advantage of knowing what your commitments will be for a predetermined time.” Michael Yardney

Never miss an episode and keep up with all the good things going on at the Michael Yardney podcast by subscribing on iTunes.

You can also subscribe to MichaelYardneyPodcast.com  to keep up with the latest information including bonus material that comes out between the podcasts.

BONUS: 8_ Steps_ to_ profitable_renovations .mp3  

In this special podcast I explain How to Profit from Renovations in the current property markets.

 Listen as I discuss:

My 8 step process for profiting from renovations. 5 tips for successful renovations Why renovations make sense in today's property market The one thing that many renovations courses teach that is patently incorrect. 

I explain the 4 big benefits of renovations: -

Increasing the rental return and therefore yield of your investment property Increasing the aesthetic appeal of the property and thereby attracting a wider tenant pool and often a better-quality tenant. Increasing your depreciation allowances. “Manufacturing” capital growth thereby increasing the overall value of your property, even in a flat market.

I also walk through my 8 Step renovation process

Why – what is your reason Preparation - finance & structures Where? Research target areas–due location diligence What - Find a property with value add potential – due diligence analyze Purchase – at “wholesale” Plan & Budget – consider your target market and end values The renovation process – create a higher and better use Post Renovation – my preferred strategy is lease, refinance and repeat

Watch out next week for the second of this 2 part series where I discuss the 9 Step Property Development Process

Links:

My Property Renovations and Development Workshop

003: How many properties do you need to retire? | You are hardwired to be miserable  

Today, I answer the frequently asked question of how many properties do I need to retire.

This just may be the wrong question because the number of properties you need before quitting your job depends on your assets value and how hard your money is working.

To become financially independent you need to build a cash machine by growing a substantial asset base of high growth properties. These are the steps you take.

Build your asset base Transition to lower loan to value ratios Start living off your property portfolio

In my mindset moment, I chat with best-selling author Tom Corley about a study that concluded that we are hardwired to be miserable.  

Today’s discussion includes:

How many properties you need to retire Calculating how big an asset base you require to get the income you need to live off your property portfolio How to create a cash machine with your properties Having the right finance strategy Having an asset protection plan to see you through the ups and downs Following a known, proven and trusted property investment strategy

Mindset Message: We are always striving to improve and better ourselves.

If human beings are going to be successful, we can’t be happy all the time or we won’t push ourselves to achieve more.

Links and resources:

Michael Yardney Metropole Rich Habits Poor Habits David Buss Thomas C. Corley
002: Is it too late to buy this property cycle? | William’s finance question answered | Don’t wish it were easier, wish you were better  

Welcome to episode two of the Michael Yardney podcast.

 

Today, I’m going to discuss three things. One of them is a very common thing I get asked.

 

Is it too late to get involved in property investment at this stage of the cycle? Difficulty getting finance from the banks A lesson that changed my way of thinking about all sorts of things not just property investment.

 

Today’s discussion includes:

 

What other factors to consider with investing besides timing Countercyclical investing It’s not the external world that determines if you make money, it is something inside If you are waiting for the perfect time to invest, the timing will never be perfect for you. Buying properties when everyone tells you not to You are not buying the market, you are buying an individual property within that market. Maximize your profits in the upturns while being prepared for the next downturn Why it takes the average investor 30 years to become financially independent Sometimes the right thing to do is nothing. Buying one property each year is unrealistic.


Mindset Message: Don’t Wish It Were Easier Wish You Were Better

 

When life happens we can choose to be the victim or the victor. We have to be able to face a changing landscape daily. Our mindset and our passion for improvement every day through consistent action will set us apart from the average person.

 

Links and resources:

 

Michael Yardney Metropole A Tale of Two Cities Jim Rohn
001: What makes an investment grade property | Become the pilot of your life, not the passenger  

Welcome to episode one of the Michael Yardney podcast. Over the years, I have probably educated more successful Australians than anyone else in the area of wealth creation through property. Now it's time for me to share my thoughts about what is going on in the world with property investment, the economy, and why the rich keep getting richer all through my new Michael Yardney podcast.

 

This is going to be a weekly show that comes out every Tuesday, where you can pick my brain on property investment and more. I'll also share some thoughts from my advisors in my mastermind group. I will try to get to as many of your questions as I can. Today, I'm going to talk about one of the reasons many investors fail and how to find an investment grade property. I also share how to become the pilot of your life and not the passenger.

 

Today’s topics include:

 

How the majority of property investors in Australia fail Buying investment grade properties that produce wealth building returns Characteristics of a good investment Four ways that property investors make money Building an asset base and transitioning to cash flow stage Six stranded strategic approach to buying properties Following a proven blueprint that other investors have followed

 

Mindset Message: How to Become the Pilot of Your Life Not the Passenger

 

As the world changes, we can attribute success to things outside our control or things that we can influence. People who take responsibility and are accountable for things that happen tend to earn more money, be more successful, and achieve more. We can change our beliefs and improve how we look at the world.

 

Links and resources:

 

Michael Yardney Metropole
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