Australian Investors Podcast 🏚 How to build a property portfolio (and why you should be careful!) | Property Investor series ft. Chris Bates [4/5]
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.
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.
Watch the video version on the Rask Australia YouTube page.
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
Date recorded: 8th of April 2022
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