Oct 16, 2017
In today's podcast I answer the
question of who should you ask for property investment
With so many mixed messages and
vested interests, who can you really trust.
In my mindset message I’ll be
sharing messages from one of my mentors Jim Rohn.
And Ken Raiss the Director
of Metropole Wealth Advisory
answers the question of whether you
can claim negative gearing when you own a property in a
- Who Do You Ask for Property Investment
Options that may not be the best:
people ask no one - which might leave knowledge
- Friends and family may have good intentions,
but may not be experts.
estate agents work for the vendor and most don’t own any investment
- Mortgage brokers may not understand the market
enough to advise you on what an investment grade property
- Accountants don’t have an intimate knowledge of
the property market.
- Financial planners are licensed to sell
financial products, but most aren’t able to advise on real
- Property marketers are sales people selling a
- Invest seminars and workshops. Ask if the
person conducting the event is an expert and how have they made
people who claim to be mentors can be property sellers in disguise.
Be careful who you choose.
- Buyers agents are usually just order takers and
don’t take into account your long term strategy.
a trusted advisor who can help you devise a strategy that
sits behind your property investment decisions.
- Following the teachings and systems of those
that have already achieved what you want to achieve.
trusted advisor tailors their recommendations to your personal
circumstances and warns you of the possible risks.
first question you should ask is “how are you getting
- Experience takes years to acquire and comes at
- Mindset Message:
Two choices we have in life from Jim Rohn
it less than we have the capacity to be. This can lead to a life of
- Become all we can possibly become and do as
much as we possibly can.
- Ken Raiss: Can you claim negative gearing when you own
a property in a trust?
- Negative gearing is not a property investment
strategy. It is a finance situation at a moment in
trusts allow you to take advantage of negative gearing, but the ATO
puts restrictions on these.
trusts will let you carry the loss foreword for future
is no right or wrong answer - the type of trust you should use
depends on your individual circumstances and you need specialist
Links and resources:
Favourite quotes from this episode:
“If they are not financial
experts, don’t ask them for financial advice.” Michael
“If you are interested in
getting proper financial advice, you just need to find the right
advisor who understands all aspects of investment.” Michael Yardney
“Most wealthy people have
trusted advisors and are prepared to pay for them in all areas of
their lives.” Michael Yardney
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