G'day! The best laid plans of mice and men often go awry. Or at least that’s the case for Judith. She’s got five properties, and has completed a FIDO looking to the future and her retirement. A big roadblock has come up though, in the form of being unable to obtain any more finance. Getting a loan can prove tricky as we get ...
Ask Kevin Young Episode 63 – Can You Trust an Agent?
G'day! In today’s episode I answer Keith’s question about his two properties he’s had valued by an agent, they have both come back lower than he expected. It’s very important to be careful when you’re getting a valuation, especially from an agent. An agent’s job is to sell houses, and it’s much easier to sell a house with a lower price. They have ...
Ask Kevin Young Episode 62 – Let Us Do The Work For You
Today’s question is from Steve, and it’s a question I get asked all the time! He doesn’t have a job at the moment, but has lots of equity and a steady income from his properties. Unfortunately he can’t get a loan without proving his income, so what can we do if we want to keep expanding our property portfolio? Unfortunately ...
Ask Kevin Young Episode 61 – Plunging Interest Rates
In today’s episode I’ll answer a very important question from Rob about interest rates. He’s been hearing it’s time to get a fixed rate. Are interest rates going to come down further or go up? You all know what I think about banks, so if they’re saying to lock in your interest rate, then I say it’s smart to do ...
Ask Kevin Young Episode 60 – City vs Country
G'day! In today’s episode I answer Martin’s question about his two properties in QLD. One is in Manly, and the other is at Beaconsfield. Manly is in a great location where it is seeing good growth because of being close to Brisbane City. His problem is with Beaconsfield and its location. Its value isn’t increasing. What’s the problem? Well, Beaconsfield ...
Ask Kevin Young Episode 59 – Plummeting Rent
G'day! Lyn has a property in Muswellbrook NSW, but it isn't performing as well as she might be hoping, and the rent is down almost 50%. Listen to this episode to hear my thoughts not only on what to do if things aren't going well, but where the right spot to invest might be. One important thing to remember is ...
Ask Kevin Young Episode 58 – Income Problems
G'day! How do I get more income? Well it may sound too simple but short answer is to be employed. You could even have two jobs, whatever suits your situation. This week I advise Suzanne to reinvent herself. What is a job that you would love to do? Do you need new skills? Ultimately the goal is income. So it ...
Ask Kevin Young Episode 57 – Financial Meltdown!?
G'day! I’ve been getting a lot of emails from people who have heard the so-called experts predicting the downfall of the economy or an imminent financial meltdown. Unfortunately at the moment if you have a negative story or prediction it’s a quick and easy way to get attention in the media. I reckon that these people are more interested in the free press and ...
Ask Kevin Young Episode 56 – Property Bargains
G'day! Graham has a fantastic question this week, he’s got his eye on some cheap properties, looking to snatch up a bargain. But should a cheap price be all that you look for in a property? In this episode I’ll give my opinion on the subject, especially regarding the area that Graham is looking into, and the types of property he’s considering. My ...
Ask Kevin Young Episode 55 – Is My Property Worth Anything?
G'day! Sometimes properties won’t perform exactly how we want them to, should we just get rid of them? Luisa bought some properties, but hasn’t seen any growth over the past 6-7 years, which can raise a whole lot of questions. Were they a mistake? Will it ever get better? Are they even worth holding on to? My answer comes in ...