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BONUS: 8_ Steps_ to_ profitable_renovations .mp3

The Michael Yardney Podcast

Release Date: 08/07/2017

Here’s the truth about getting started in property development show art Here’s the truth about getting started in property development

The Michael Yardney Podcast

I’ve noticed a trend recently that more and more investors are looking to get involved in property development.  They want to “manufacture” some capital growth because the market has been a little flat.  So that’s what we’re going to talk about in today’s episode – how to get started in property development But today’s show is going to focus on some real-world advice.  There are too many enthusiastic but inexperienced amateurs giving what is probably well-intentioned, but ultimately poor property development advice.   And even if you’re not ready to...

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4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast show art 4 Things Entrepreneurs Do That Make Business Coaches Cringe | Build a Business, Not a Job Podcast

The Michael Yardney Podcast

One of the most helpful things you can do to help build your business or professional practice is to have a business coach.  Today I’m speaking with the founder of Business Accelerator Mastermind, Mark Creedon. We talk about the things that the entrepreneurs he has coached have done, which have made him cringe, in order to help you avoid these pitfalls when you work with a business coach:  Pitfall 1. “I’m too busy…” When you properly delegate tasks and invest time with a coach, you can actually make even more time for yourself and focus on more important tasks. ...

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Is the property boom coming back? | Property Insiders Spring market update with Dr. Andrew Wilson show art Is the property boom coming back? | Property Insiders Spring market update with Dr. Andrew Wilson

The Michael Yardney Podcast

Well it’s Spring– traditionally a time when there are more home buyers and sellers in the market. But what’s going to happen to our property markets this year? Are sellers going to return? Are the low interest rates going to bring more buyers back? Are banks going to become more friendly? If you’re a home owner or property investor you’ll also want to know what’s likely to happen to the value of your property, so to help you become better informed let’s hear the thoughts of Australia’s leading housing economist Dr. Andrew Wilson, give us his thoughts on what’s ahead. World...

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Millionaires share their boring secrets of success | RICH HABITS, POOR HABITS Podcast show art Millionaires share their boring secrets of success | RICH HABITS, POOR HABITS Podcast

The Michael Yardney Podcast

Each day a tree will grow a little more.  It’s impossible to see the changes caused by the growth on a day to day basis.  But, if you were to fast forward ten years and compare pictures of the old tree to the new tree, the change would be obvious and significant. Self-made millionaires are really no different than trees.  Each day, they do small things that inch them closer and closer to success. And that’s what I discuss in today’s Rich Habits, Poor Habits Podcast with Tom Corley Tom explains:  If you were to ask my group of millionaires how they got so rich, here is...

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Here’s what you need to do to become a successful investor | Estate planning with Ken Raiss show art Here’s what you need to do to become a successful investor | Estate planning with Ken Raiss

The Michael Yardney Podcast

You’re probably  listening to this podcast because you’re interested in property investment. And I bet you want to become a better investor. So, today, I’m going to teach you how to become a successful property investor. And it’s probably not what you think. In fact, it’s not what most people do, or more people would be successful. And then, with Ken Raiss, we’re going to have a chat about estate planning. That’s not a very sexy topic, but it is a really important one to set yourself up right to grow, protect, and pass on your wealth to the people you want to pass it on to...

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Ten top tips for property and financial success show art Ten top tips for property and financial success

The Michael Yardney Podcast

Today’s show’s going to be a little different. I’ve asked Ahmad Imam, Director of Metropole in Sydney, to share with us his top ten videos, some of which have gone viral on LinkedIn.  Ahmad is prolific on social media and has tens of thousands of followers. His short videos contain some great tips on properties and finance.  I’m also going to read you a poem - something a little different in my mindset moment.  Ahmad’s Top 10 Videos  Are you too old to invest in real estate? It takes a minimum of 10-15 years to achieve a level of financial independence through...

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Will Brisbane property prices really surge 20% show art Will Brisbane property prices really surge 20%

The Michael Yardney Podcast

It seems that it’s to make predictions for the property market over the next couple of years. The predictions have grown more positive over the past few months, and I agree with that. But I don’t agree with some that are suggesting that we’re going to get a property boom. In particular, one prediction is that the Brisbane property market is going to increase by 20% over the next few years. Is this possible? That’s the discussion we’re going to have today with Brett Warren. This is the audio track of our masterclass video that recently ran. Even though I own the Metropole Brisbane...

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The 6 Personality Traits All Entrepreneurs Must Have | Build a Business, Not a Job Podcast show art The 6 Personality Traits All Entrepreneurs Must Have | Build a Business, Not a Job Podcast

The Michael Yardney Podcast

Are you an entrepreneur? A business owner? Planning to get into business? And if you’re a property investor, you really should treat it as a business.  Today we’re going to discuss what Mark Creedon has learned as a business coach about what separates very successful entrepreneurs from people who call themselves entrepreneurs, but really aren’t. The 6 Entrepreneurial Personality Traits Self-Motivation One of the most important traits of entrepreneurs is self-motivation.  When you want to succeed, you need to be able to push yourself.  Entrepreneurs know how to...

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More Episodes

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: -

  1. Increasing the rental return and therefore yield of your investment property
  2. Increasing the aesthetic appeal of the property and thereby attracting a wider tenant pool and often a better-quality tenant.
  3. Increasing your depreciation allowances.
  4. “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

  1. Why – what is your reason
  2. Preparation - finance & structures
  3. Where? Research target areas–due location diligence
  4. What - Find a property with value add potential – due diligence analyze
  5. Purchase – at “wholesale”
  6. Plan & Budget – consider your target market and end values
  7. The renovation process – create a higher and better use
  8. 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

Michael Yardney's Property Update Blog