Property investing strategies (advanced) with Chris Bates
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What unique property investing strategies does Chris Bates discuss?
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Hi, I'm Owen from RASC Australia. Thanks for tuning into the RASC Network. Before we get into today's show, there are a few things we have to go over. Firstly, what you're about to hear and see is limited to general information only. It's not personal financial advice like you'd get from a financial planner. Also, it's important to remember that past performance is not indicative of future performance. That means that anything that's happened in the past or we say today is not necessarily going to reflect what happens in the future. Lastly, please consider that any of the guests or myself featuring on this program may have a financial interest in some of the products or shares mentioned. That's enough from me.
I hope you enjoyed today's program. Chris Bates from Wealthful. Welcome back to the show, mate.
Awesome to be here. Loving it.
It's always a pleasure to chat to you. And I know Kate's, we're just chatting off here. Kate's just dreaming up some suburbs of where she might want to buy.
No, I'm not ready yet, Owen. You haven't inspired me enough with your crazy renovation that's taken over 12 months.
12 months for a renovation. I think maybe Chris could attest to this. Is it
reasonable length of time i'd say we've moved pretty quickly chris how long have you been doing yours for uh we start in november the wife jokes every day they've been here for 12 months i can't imagine life without waking up without tradies in our house um my 18 month year old daughter is just like someone can walk into the house walk straight past a while she's having her and she doesn't even you know bat an eyelid because she's just expecting someone to be there um It's definitely a testing thing. Yeah, on relationships and families as well. So yeah, don't jump into a renovation without thinking it through is my advice.
Totally. And also, yeah, it's expensive too, right?
Yeah, yeah, definitely. It's way more expensive than you expect. And it's just the little things and the extra time it takes, you know, to get a quality result. And that's the thing. Once you get stuck into one, you're like, you want the quality, you set the bar at a certain level and then you've got to continue everything. So we, you know, add to that level and naturally you want something that looks amazing and is amazing, et cetera. And that comes with money. So yeah.
Yeah. guess it comes to it as well um for me you know with our house being a bit of a shack in the hills um we kind of set the bar pretty low because we're kind of being realistic about it in terms of we don't know what we want in like three to five years we just want something livable for the next three to five and so we haven't overextended over capitalized do you think did you guys make a decision like
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Chapters
7 chapters
1
What unique property investing strategies does Chris Bates discuss?
0:00–12:07
2
How can primary residences be tax-free for homeowners?
12:07–19:37
3
What are the advantages of using leverage in property investing?
19:37–31:24
4
How do you identify investment-grade properties?
31:24–38:12
5
What are the pros and cons of renting versus paying off a mortgage?
38:12–41:47
6
What strategies can be used for exiting an investment property?
41:47–50:07
7
How does the six-year rule affect capital gains tax for renters?
50:07–50:44
Speakers
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Sounds like good money advice... But is it?