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BONUS: 8_ Steps_ to_ profitable_renovations .mp3

The Michael Yardney Podcast

Release Date: 08/07/2017

The right investment for this stage of the property cycle | 1 thing you’ll need to change to become a successful investor show art The right investment for this stage of the property cycle | 1 thing you’ll need to change to become a successful investor

The Michael Yardney Podcast

If you’re looking for more money, better success in property investment or other areas of your life, or more wealth, this episode is for you.  I have three messages for you today. We’re going to discuss one thing you’re going to have to change to become a more successful investor – and it’s not what you think.  I’m also going to share what is the right type of property investment for this stage of the cycle.  Then, in my mindset moment, I’m going to explain an important trait of successful people. And if you can pick up on it, there’s no reason why you can’t be...

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Here’s How to Avoid the Top 7 mistakes Entrepreneurs Make | Build a Business, Not a Job Podcast show art Here’s How to Avoid the Top 7 mistakes Entrepreneurs Make | Build a Business, Not a Job Podcast

The Michael Yardney Podcast

If you’re in business, and even if you’re not, today’s show about the common mistakes businesspeople and entrepreneurs make will be useful for you.  If you think about it, we’re all in our own little businesses: the business of property investment or the business of improving ourselves.  Hopefully, this discussion will help you avoid making some of these common mistakes.  Top 7 mistakes Entrepreneurs make Expecting success right away – it’s harder than most people think Underestimating the amount of time it will take and the cash that will be needed Providing...

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Here's how Baby Boomers are Redefining Retirement- With Simon Kuestenmacher show art Here's how Baby Boomers are Redefining Retirement- With Simon Kuestenmacher

The Michael Yardney Podcast

For the last few decades, Baby Boomers have been driving our economy and our property markets.  But interestingly, they’re not doing what everyone thought they were going to do.  They’re redefining retirement. And this is going to have significant implications for our property markets and on our economy and businesses.  So, if you’re interested in property investment or if you’re a business owner, this is going to be an enlightening show.  I’m speaking with Simon Kuestenmacher, a leading demographer, about how baby boomers are redefining retirement, and what that...

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Property vs Shares, which is a better investment? With Pete Wargent show art Property vs Shares, which is a better investment? With Pete Wargent

The Michael Yardney Podcast

It’s the million-dollar question so many investors ask: what’s a better investment, the stock market shares or property?  Outside superannuation, property and shares are the two most common ways Australians build wealth.  Some find deciding which to invest in is a bit of a hard decision. If someone tells you only shares or only property, run away fast. That probably means they have a vested interest.  You’ll find that in different stages of your life, or different times when you need asset growth and cash flow, different types of investments will be more suitable for...

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4 property lessons from 2019 that will help you in 2020 + Your questions answered | PROPERTY INSIDERS with Dr. Andrew Wilson show art 4 property lessons from 2019 that will help you in 2020 + Your questions answered | PROPERTY INSIDERS with Dr. Andrew Wilson

The Michael Yardney Podcast

As we enter a new year and the beginning of a new property cycle, there are still many mixed messages in the media leaving many investors and potential homebuyers confused.  Hopefully, by the end of today’s show, you’ll be a little less confused because I’m going to ask Dr. Andrew Wilson, Australia’s leading housing economist, some of the questions you’re probably thinking about.  But before that, we’re going to discuss some lessons that we’ve learned in 2019 that will make you a better property investor in 2020.  I also have a mindset moment to share about things...

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10 hard truths about the Wealth Gap show art 10 hard truths about the Wealth Gap

The Michael Yardney Podcast

During his five years studying the rich and the poor Tom Corley identified 10 hard truths about the wealth gap that no politician or member of the mainstream media would dare reveal.  And as I share them with you today, you’ll probably get a few surprises. These aren’t just our thoughts. In his 5 year study, Tom asked 361 rich and poor people 144 questions each. That’s 51,984 questions. From the data he gathered, he was able to identify 344 differences between the way the rich and the poor conducted their lives. Over one hundred million individuals have read something about my...

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5 Property myths that aren’t true |7 Ways Australia’s property markets are different with Dr. Andrew Wilson show art 5 Property myths that aren’t true |7 Ways Australia’s property markets are different with Dr. Andrew Wilson

The Michael Yardney Podcast

Our property markets have been on the move for a while now.  But some people are saying no, it’s all going to end, there’s still a property crash coming.  Others are saying that Australia’s property markets are different.  But are they really different? That’s what we’re going to discuss today with Dr. Andrew Wilson. But first, we’re going to bust another 5 property market myths so that you don’t get fooled. I also have a great mindset moment today.  At the end of this episode, you’re going to be a more informed property investor. Property Myths Busted Myth:...

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How I built my property empire – Summer Series show art How I built my property empire – Summer Series

The Michael Yardney Podcast

If you want to become successful at anything, whether it’s property investment, business or entrepreneurship, a great strategy is to find yourself a mentor – someone who’s achieved what you’re wanting to achieve and study them, learn from them and emulate them. You can learn from their successes as well as their failures. In fact it’s much cheaper to learn from your mentor’s mistakes So please allow me to be one of your mentors. You see…I frequently get interviewed on the radio, television and on podcasts. And today I’d like to replay an interview that brought out a lot of...

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Don’t worry about an Australian property bubble – take our advice. With Pete Wargent show art Don’t worry about an Australian property bubble – take our advice. With Pete Wargent

The Michael Yardney Podcast

Fears of the property bubble are back.  It’s a new year, and the naysayers and the property pessimists are out telling us we’ve got a property bubble. That’s what we’re going to unpack today as I chat with Pete Wargent.  First-time homebuyers are back, established homeowners are back and investors are back in the property market because they fear missing out, particularly in our two big capital cities.  Add to that a number of interest rate cuts, easier lending, and a friendly media that has been encouraging people to get back into the property market.  But are we...

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9 Property Investment Rules You Must Understand | 10 Major Differences Between The Rich and The Poor - Summer Series show art 9 Property Investment Rules You Must Understand | 10 Major Differences Between The Rich and The Poor - Summer Series

The Michael Yardney Podcast

I was recently asked to put together a list of simple rules that distilled my property investment philosophy, so in today’s episode, I’ll give you 9 simple property investment rules to go by. In my mindset moment, I’ll share 2 inspirational quotes that have helped me and that might be helpful for you as well. Then we’ll discuss some of the differences that separate rich people and poor people. Hopefully, by the end of the episode, you’ll be a little wiser when it comes to money, property, and success. 9 Property Investment Rules Become financially fluent – You need to understand...

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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