We’ve all heard the stories of the property investor with heaps of properties. Apartments & units for income. Some townhouses and development here or there.
Sounds good… right?
Right?
Welcome to the fourth episode in Rask’s Property Investor podcast mini-series on The Australian Investors Podcast, featuring Owen Rask and Wealthful founder and mortgage broker Chris Bates.
In this podcast, Chris Bates and Owen Rask talk about the weaknesses and issues involved in building a big portfolio of properties.
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This is part 4 of 5 of our property investing mini-series.
In episode four, Chris Bates and Owen Rask detail why owning multiple investment properties, over just a couple, can be a problem. The investors discuss:
- You need high incomes
- Building equity smart is essential
- You’ll need trusted advisers: brokers, accountants, advisers & advocates
- Buying in quality areas is a must
- There’s a need to constantly/carefully manage debt loads throughout the cycle
Chris also talks at length about interest-only (IO) versus principal & interest (P&I), which property to sell first in case of emergency and why people use SMSFs.
Date recorded: 8th of April 2022
this episode, youβll LOVE our series. Episodes go live every Saturday at 7 am and Wednesday arvo.
