BROADCASTS.com

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/3-stages-property-investing\\\\/#arve-youtube-kfjii8-yyzw659a0b2e1a84f680208906","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/KfJII8-yYzw?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nThere are 3 main stages to property investing. We look at them in detail and give tips on how to make the most of each stage.\\n\\nInterviewer:\\xa0\\xa0\\xa0\\xa0\\xa0 There are three major stages of a property investor\'s life cycle if they\'re aiming for financial freedom. The first stage is accumulation where you\'re accumulating properties and growing your portfolio. Then you\'re consolidating your portfolio and adding value. And then, you get to enjoy it and live the lifestyle, which is the third part.\\n\\nSo today I have with me Ben [Averingham 00:00:19], my\\xa0 [advisation 00:00:20] of choice from Panton Property. And we\'re going to go through these three different stages and what you can look at doing in these stages to help you be more successful with your property investment. So, hey Ben! Thanks for coming on today.\\n\\nBen:\\xa0\\xa0\\xa0\\xa0 Thank you. As flaky as it sounds I\'m actually pumped and excited about this episode. This is cool stuff for me.\\n\\nInterviewer:\\xa0\\xa0\\xa0\\xa0\\xa0 Yeah, well this is an exciting topic. I love mapping it out more step-by-step approach to actually achieving financial freedom rather than...I guess what we usually talk about, which is have your goal, what\'s the next step towards that goal...but that\'s as far as we get...so it\'d be fun to map out the journey and I know you\'ve been through this journey yourself or are still going through it, and so you\'ll be able to provide people with a lot of insight into things that they can do.\\n\\nWe\'re assuming with this episode that your goal is financial freedom, and that will look different for different people, but generally that means a set amount of income per year coming in passively through your property investments.\\n\\nSo we\'re not talking about having a billion dollars in the bank or even having 10 million dollars in the bank, we\'re talking about getting to the point where you\'ve got more income coming in than you\'re actually spending in expenses so you can live indefinitely. You can play golf. You can go to the beach. You can do whatever without having to work. So I just wanted to set that at the start so people know what we\'re talking about.\\n\\nObviously, to achieve financial freedom through property and to get to the third stage, which is lifestyle, you first got to get some properties, right?\\n\\nBen:\\xa0\\xa0\\xa0\\xa0 Yeah. A lot of people just want the lifestyle, myself included, but there\'s a price that has to go through unfortunately before that.\\n\\nInterviewer:\\xa0\\xa0\\xa0\\xa0\\xa0 Yeah, so stage number one is the accumulation phase. So, if you want to talk us through that then.\\n\\nBen:\\xa0\\xa0\\xa0\\xa0 Yeah so the accumulation phase is where 90% of the hard work is going to be. The way that I think about accumulation for me personally when I was doing it...and I\'ve just gone through my first accumulation and consolidation phase and I\'m back to accumulation again...I think about accumulation like a massive plane trying to take off a runway and it takes a huge amount of energy to get off the ground, but once it\'s in the air it\'s just minor tweaks to actually get to where you want to be. It\'s a lot easier.\\n\\nThe accumulation phase is really where you get confident at identifying the right type of property.\\n\\nYou get your strategy in place, and then once that stuff\'s done you just stop thinking about it and you just, like your email the other day that you sent out to me and some other people that subscribe to you, you just get on with your shit and focus on doing stuff instead of talking about doing stuff, planning to do stuff, or just planning because you enjoy planning and never actually starting a...'