Stephen Knight

speaker

16,599 appearances 112 recordings 2 series first heard Sep 2019 last heard yesterday

Stephen Knight’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 111 in all, peaking in Aug 2026 with 32.

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The Property Academy Podcast · If a Rental Doesn’t Pass This “Test,” Don’t Buy It · 21 Sep 2026 podcast

And none of that was in the property investors spreadsheet. voice-verified

And I tell this story, not to say don't go ahead and flip houses, but just to say that property comes with risk. voice-verified

And sometimes we don't account for all of those in our best case scenario spreadsheet. voice-verified

And so what is that test that you've got to pass before? voice-verified

before you buy an investment property. voice-verified

So, how might that work in practice? voice-verified

Well, let's say you had a property that was $600,000. voice-verified

It was renting for $600 a week. voice-verified

That's a pretty good yield, 5.2%. voice-verified

And if you borrow all of the money to buy it, so you don't you haven't saved up $120,000 to put in as the deposit, you borrow that against your own house. voice-verified

That's what we call the no cash needed method. voice-verified

Let's say voice-verified

It runs at about $10,000 a year in negative cash flow because these days the rent from the properties, especially if you borrow all of the money, might not be enough to cover all of the costs. voice-verified

So it might be negatively geared by $200 a week. voice-verified

That's what you've got to use to top up the property itself to make sure all of those costs are covered. voice-verified

Now, what you've got to then ask yourself is: well, what could you be wrong about? voice-verified

I mean, give me an example in that situation. voice-verified

And that's because property management and letting fees, those are based on the rent that you're actually charging. voice-verified

So for example, when you get a rental appraisal, the property manager will typically give you a range. voice-verified

And it might be $550 to $600 per week, or it might be, you know, six, six hundred to six twenty. voice-verified

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