The Property Academy Podcast

In this episode, we discuss one of the key fears that stops people from investing in property – the market. Or, rather, fear that the market is going to crash and that property prices will drop suddenly and significantly. We compare economist predictions from January 2009 with real data about how the property market performed and show that generally the hysteria often seen in newspapers rarely plays out in practice. We also offer 2 actions you can take if you are worried about there being fluctuations in the value of your investment property.  If you want to learn more about property, then check out our Epic Guide to Mortgages, a 9-500 word guide that teaches you both how to get a mortgage and then pay it off more quickly. 

This is the final episode where are joined by Eugene Bartsaikin from Twine Financial Advisers – and we discuss split banking. This is where you use multiple banks as part of the structuring of your lending strategy.  The key benefit of using multiple banks is that, if used correctly, you:  may be able to borrow more will have more control over your assets will have more freedom in terms of how you manage your money and your assets will be more secure. If you currently just use one bank then you can slowly move your lending to other banks in stages, as described within the show.  We also mentioned the Epic Guide to Mortgages, this is our 9,500-word guide that teaches you how to get a mortgage and then pay it off faster.  If you want to learn more about Eugene and Twine Financial Advisers then: Check out their website Connect with Eugene on Linkedin 

In this episode, we are once again joined by Eugene Bartsaikin from Twine Financial Advisers. Together, we discuss two case studies of Eugene's clients who have had lending strategies created for them.  The first is a Christian couple who were regularly giving to the church. Eugene identified that their long term ambition was to be more generous and give more to their community. Eugene encourages them to put more away towards their mortgage today (by tithing less) so that they can build their wealth and give more over their lifetime.  The second example if from a Samoan family who were earning good incomes, but because they were so generous with their friends and family they weren't getting ahead paying down their mortgage and were barely making ends meet. Eugene learnt that this family's real motivation was to help their kids get into property by leveraging the family home (which can only be done when there is enough equity within the property). By discovering this, Eugene helped them decrease their expenses and increase their mortgage repayments so that they can achieve their ultimate goal.  In the show, we also discussed the Epic Guide to Mortgages, our 9,500 word guide that teaches you both how to get a mortgage and then to pay it off more quickly. 

In this episode, we discuss what mortgage brokers mean when they talk about structuring your mortgage. Structuring your mrotgage encapsulates everything about your mortgage and how it is set up. This includes: Whether your loan is on Principal and Interest or Interest Only The repayments you make to the bank Your interest rate and whether you are 'rate splitting' which bank you are with The term of the mortgage Additional lending facilities you might have in place We also mentioned the Epic Guide to Mortgages, which is our 9,500 word guide that shows you both how to get a mortgage and then pay it off more quickly. 

In this episode, we discuss Break Fees in regards to mortgages. A Break Fee is the cost that you pay if you have fixed your interest rate on your mortgage for a period, and then you restructure your mortgage before that fixed period has finished. This means you are breaking your contract with the bank.  Bank's will allow you to do this for a fee, and they charge you the cost that they incur (or the lost profit/revenue) due to your breaking of the contract.  However, the banks internal calculations don't always reflect this. At times, you will be able to break your loan, pay the fee and refix at a lower interest rate, saving you money. Eugene shares an example within the show of a client who was able to save $40,000 by breaking their contract with the bank and moving to another lender. 

In this episode, we are joined by Eugene Bartsaikin from Twine Financial Advisers. Eugene is a lending specialist and helps investors structure their lending and financial lives to achieve their goals.  During the show, we discuss that banks don't treat investors differently.  When banks lend to investors they are required by the Reserve Bank to hold on to more capital than owner-occupiers. This means that there is an additional cost to banks by lending to investors. That's why some banks pass on that additional cost in the form of higher interest rates to investors. But, not all banks pass on this cost. Specifically, ANZ and TSB do not charge investors higher interest rates ... in essence, they absorb that extra charge (at the time of writing). Now, that doesn't mean that you should always put your loans with ANZ or TSB, becuase these rates are negotiable (and those banks may not be in the position to lend to you at the time of your application). That's why it's important to have a good mortgage broker who can negotiate down the additional margin when working with a bank that does pass on that margin.  Throughout the show we also referenced the Epic Guide to Mortgages, our 9,500 word guide that teaches you both how to get and then pay down a mortgage.

In this episode, we discuss The Barefoot Investor book. It claims to be the "only money guide you'll ever need", but does it measure up to the claim?  We review the three key takeaways from the show: How to set up your bank accounts to make it easy to manage your money ... without a budget or excel spreadsheets The author's opinion on the Australian property market, as well as the differences with the New Zealand property market The author's retirement strategy and our thinking of whether this could reasonably be applied within New Zealand. While we don't think it's the only money guide you'll ever need, we do recommend reading it if you have the chance. Although it's very geared towards Australia's rules, regulations, superannuation schemes and market conditions, there are some valuable tips and strategies that Kiwis can learn from and implement. 3.5 / 5 stars ⭐️ We also recommend taking a look at our Epic Guide to Mortgages. While we wouldn't claim it's the only mortgage guide you'll ever need, it comes pretty close 😀

In this episode, we answer a question that came from the Property Investors Chat Group NZ on Facebook. In the question, the investor had co-bought a property with her aunt, with the aunt putting in the deposit. The aunt's name was on both the mortgage documents and the title of the property. Unfortunately, the family member has had mental health issues, which has caused serious tension and has impacted the aunt's wellbeing to the point where her decision making has been severely impacted.  The question we answer in the show is: a) what should this particular investor do in order to get out, or fix the situation? and then b) what can other property investors learn about co-ownership from this situation? We also mention the Epic Guide to Mortgages, our 9,500-word guide that teaches property investors both how to get a mortgage and then pay it off faster.

In this episode, we discuss how to set financial goals in 2020. We outline a 5-step process: What – figure out what you want to achieve When – decide when you want to achieve it by How Much – calculate how much that goal is going to cost Remind – set up reminders of your goals that you'll see frequently Get Accountable – tell a friend about your goal to make sure you're accountable to it An example of this would be: What – Send my two toddlers to private high schools When – In 10 years once they both turn 13 How Much – $305,000 for 10 years of education, accounting for inflation Remind – Put a cut out of the high school's newspaper ad on the fridge at home Get Accountable – Tell your partner or siblings that that's what you want to do. We walk through this exact example within this episode and show how property investment can be the right tool to achieve your financial goals. We also go over that property investment is not the only tool you can use and property is not the right tool for every financial goal.  Finally, we also discuss mortgages and our new Epic Guide to Mortgages. This is a 9-500-word guide that you can read to learn both how to get a mortgage and then pay it off faster. 

In this episode, we discuss how every property investment strategy can be a good strategy depending on the circumstances and the situation. It's easy to read stories of the strategies that millionaires or billionaires have used to build giant property portfolios .... and these can be great strategies. But, those same strategies aren't going to fit most everyday Kiwis. Similarly, the strategies that everyday Kiwis use and implement wouldn't be appropriate for millionaire property investors. Every strategy can be a good strategy as long as it works for you. During the show we discuss risk appetite, ambition, start-up capital, the time put into a portfolio and a couple of other factors that will influence the strategy that ends up being right for you.  We also mentioned our Epic Guide to Mortgages, a 9,500-word guide that teaches you first how to get a mortgage, and then how to pay it off more quickly.