The Investor Lab

The legislation of tax depreciation is our topic for today. Does that make you want to switch this podcast off immediately? We wouldn’t blame you, but this is definitely a conversation you’ll want to stick around for. It’s no secret that not a lot of people get super excited about tax and depreciation, but if you take the time to get to know the facts, the benefits can be absolutely huge. There are a lot of misconceptions around what you can and can’t depreciate as a property investor, and on a recent live session within the Dashdot Facebook Group, Goose chats to Mike Mortlock to uncover just how fun tax can really be. It’s all well and good to get cashflow, and growth but what we’re here to talk about today is how to get even more out of everything that you’ve got. Mike Mortlock is the director and co-founder of MCG Quantity Surveyors. Mike describes himself as a “construction cost estimating accountant hybrid”, which is quite the mouthful of a title. More traditionally we can say that Mike is an industry leader in tax depreciation. He has worked as an expert depreciation consultant with a number of major firms such as McDonalds, CMC Markets, Deloitte, PwC and more. He has completed thousands of depreciation schedules for commercial and residential property and is in demand as a public speaker and property commentator having been featured in Australian Property Investor, Smart Property Investor, Property Observer, Sky Business and other print and radio publications. As a specialist in tax depreciation, Mike has a wealth of knowledge and a passion for maximising depreciation entitlements. Questions that we cover: What is depreciation What is a depreciation schedule? Is depreciation only worthwhile in new rather than older properties? Is it true that you can’t depreciate a house built before 1985? How does it work for renovations? What about renovations I didn’t do? What can I claim depreciation on? What is the difference between Prime Cost and Diminishing Value methods of Depreciation? And what does that mean? What is the difference between plant and equipment and the building write off allowance? How does having a TDS affect CGT? How does this help me at tax time? How much extra money can I get? Where To Find Mike: Website: Mcgqs.com.au Email: mike@mcgqs.com.au Linkedin  See omnystudio.com/listener for privacy information.

For virgin property investors, the first step is often the hardest. The sheer volume of unsorted information at your fingertips and the conflicting advice it often harbours stuns the novice investor like a deer in headlights. Never-buy-new versus First Home Owner Grant; people end up immobilised with fear and confusion with a growing list of unanswered questions. Is this the right next step for me? What are my options? What are the alternatives? Should I invest or use the First Home Owner Grant? And what even is the First Home Owner Grant? Goose and Gabi return to shepherd their flock of investors safely to the greener pastures of property funding enlightenment, breaking it down into two pathways: investing without the First Home Owner Grant, or using the grant to build your investment strategy. Their compass? Budget. Key Points: Beginner investors can be overwhelmed by the glut of information available Investing with, or without the First Owner Grant and using your budget to decide Struggling to get a deposit? Accelerate through investing Got capital for a deposit? Leverage the benefits of the First Home Owner Grant Don’t chase the rebate, only to get stuck with a liability First Home Owner Grant alongside stamp duty concessions can save money New vs old properties Links: First Home Owner Grant scheme website: http://www.firsthome.gov.au/ The Investor Lab Facebook: https://www.facebook.com/groups/theinvestorlab/ Dashdot Buyers Agents Website: https://www.dashdot.com.au/ End quotes: “To begin with the end in mind means to start with a clear understanding of your destination. It means to know where you’re going to better understand where you are now and so that the steps you take are always in the right direction.”   Steven Covey - 7 Habits of Highly Effective PeopleSee omnystudio.com/listener for privacy information.

When we talk about investing, we’re not just talking about real estate, shares, or business, we are talking about investing in life. Finance, spirituality, social life, family, health, education… there is a world outside of real estate waiting to be conquered. Like any goal, it is best approached with a system. Enter the four stages of investing in anything: dream, team, acquire, empire. Analyse your ambition with your investing custodians Goose and Gabi. Topics we cover: Avoid complacency by treating the new year as one of many times to reflect The fastest path to an outcome is often the most destructive - think holistically You are the average of the 5 closest people you surround yourself with - choose wisely Find people passionate about things you aren’t Look for your custodian to watch over your journey Take bold and decisive action - watch out for paralysis by analysis Show up - do the work Track your progress - the role of daily journaling with goal-led entries Stand on the shoulders of your accomplishments to reach further Links: Jay Abraham’s Book: The Sticking Point Solution - 9 Ways to Move Your Business from Stagnation to Stunning Growth In Tough Economic Times The Abraham Group (Jay Abraham on business education): https://www.abraham.com/ The Investor Lab Facebook: https://www.facebook.com/groups/theinvestorlab/ Dashdot Buyers Agents Website: https://www.dashdot.com.au/ See omnystudio.com/listener for privacy information.

Joining us on today’s episode is a close friend and mentor Ben Slater. At age 16, he witnessed his father - an entrepreneur - lose everything despite being an initially successful businessman. This destabilising event led to drug use and psychotic episodes. Ben then pursued mentorship highlighting the big questions no one had ever asked him and leading to paradigm shifts in his thinking. He successfully pursued an entrepreneurial pathway, despite his father’s experiences, with a mindset informed by his studies in business and life philosophy. Geographical freedom through the internet, success despite adversity, courageous decision-making, and staying true to your purpose are today’s talking points discussed in the context of Ben’s rich life and business experiences and his published literature. Topics we cover: Ben’s origin story Being happy today, but striving for more tomorrow How do you invest your time/energy/money and why? What is flow state and how is it achieved? The octave of life and how it all leads back to intimacy The seed of life Links: Ben’s First Book: The Business Owners Guide To Profit Buckminster Fuller Dancing Shiva The seed of life - Daily Accountability System by Ben Slater Book Ben is reading: Why I Write by George Orwell Ben’s Facebook page: https://business.facebook.com/BenSlatersSystems/ Ben’s Website: Leadflow.ai https://www.facebook.com/groups/theinvestorlab/ End quote: “Listen within yourself and look into the infinitude of Space and Time. There can be heard the songs of the Constellations, the voices of the Numbers, and the harmonies of the Spheres. “   ~ Hermes TrismegistusSee omnystudio.com/listener for privacy information.

When you first decide you want to buy a property, what’s your process? Do you even have one or do you just start looking through realestate.com.au for something that’s within your budget? This is a very common pitfall that we’re here to discuss today on The Investor Lab. We’ve found that the vast majority of people start their property investment journey by looking at property, and although this may seem like a logical first step, we’re here to discuss why you need to delve deeper. In order to achieve a positive outcome in your investment journey, you have got to establish a process. It’s important to operate in a way that is in alignment with what you want to achieve. Luckily for you, we’re taking the guesswork out of what your process should look like and sharing ours with you. This is the exact process we follow with our clients and we know it works and we’ve broken it down into eight key steps. THE EIGHT STEPS WE COVER: Know your position and kill your ego A deep dive into your appetite for risk and your goals Research: Macro Research: Micro Research: Property Coming to a fair deal Acquire and Settle Now that you have a process, you can go again and repeat your success LINKS WE MENTIONED: Download our free guide as mentioned in this episode Join us on our Facebook group. This group is curated by the team at Dashdot Buyers Agents, a young and passionate group of people dedicated to helping everyday Australians build sustainable wealth through real estate. Follow us on Instagram or Linkedin. Or, chat with us directly about your investment journey, we'd love to hear from you: https://dashdot.as.me/discoverycall CTA: https://www.facebook.com/groups/theinvestorlab/ See omnystudio.com/listener for privacy information.

So, you’ve decided you’re investing in property. The news says it’s a good time to buy. Your Uncle Tony at the family barbecue says you should have bought 20 years ago. What if you’ve already bought - do you sell? There are websites, podcasts, books dedicated to this stuff and all the researching is driving you bonkers. But you’re paralysed by indecision. What if you make the wrong decision? What if it’s the right move but the people around you don’t agree? Why exactly are you doing this again? If you’re asking yourself any of these questions, listen up. Today we’re talking you through the seven most common reasons investors are not achieving real estate success. Property is a massive investment and it’s hard. Analysis-paralysis, waiting for that “right time”, information-overload, fear of the unknown… It’s overwhelming. Here we will guide you through the actions to take to make sure you do succeed and get the results you want. People can climb mountains but they don’t do it alone. The Investor Lab is here to help you play the long game, conquer the challenge, embrace the fear, and make your money work for you. In Goose’s words, let’s make money your little bitch. "Nothing splendid has ever been achieved except by those who dared believe that something inside them was superior to circumstance." Bruce Barton   Join us on our Facebook group. This group is curated by the team at Dashdot Buyers Agents, a young and passionate group of people dedicated to helping everyday Australians build sustainable wealth through real estate. Follow us on Instagram or Linkedin. Or, chat with us directly about your investment journey, we'd love to hear from you: https://dashdot.as.me/discoverycall See omnystudio.com/listener for privacy information.

Welcome to the very first episode of The Investor Lab brought to you by Gabi and Goose at Dashdot. We’re a buyer’s agency helping people invest in real estate and find wealth in property. Our core values centre around honesty, transparency, and integrity – and we are committed to ensuring your best interests are put first. But here’s the thing, this podcast is about more than real estate investing. This is the auditory epicentre for passionate people looking to create a life of freedom, choice and abundance. Today we’re talking all things Wealth Mindset: how to shift from an anxious and scarcity-based existence into a state of abundance and opportunity. There is so much talk these days about “manifestation” and this idea of simply thinking of what you most desire, and it will appear. We’re calling you out on this and bringing you back down to earth. It’s all well and good to have big dreams, but what are you doing to achieve them? You can’t just think about it and eventually it will drop in your lap. You need to set realistic goals, put in consistent action and have the right mindset to really achieve anything. It’s no different to thinking you can run a marathon without any training. That’s crazy talk. We’re so excited to share our knowledge and resources with you and to give you the insights you need to start your own property journey. Join us over in our Facebook group. This group is curated by the team at Dashdot Buyers Agents, a young and passionate group of people dedicated to helping everyday Australians build sustainable wealth through real estate. Follow us on Instagram or Linkedin. Or, chat with us directly about your investment journey, we'd love to hear from you: https://dashdot.as.me/discoverycall See omnystudio.com/listener for privacy information.