Auto news on Youtube Oct 9 2017

Hey, guys and girls, it's Nathan Birch here

from Binvested headquarters. And, today talking about

some of the questions that we're getting asked

here in the office on a regular basis.

And one of them that comes up quite regularly

is, "I've seen all your videos,

I've seen people building 5, 10, 15, 20 plus

property portfolios, and you guys being awesome

at doing that over the course over the last decade,

but how does one do that in the current market

and is it still possible?"

It depends on what stance you're looking at building

your portfolio, because one of the things that you need

to look at when building the portfolio is not about having

the numbers in your portfolio, it's about having

the net result and that's to get yourself

financially independent.

Now, in the past I've talked about having

5, 10, 15, 20 properties in one's portfolio

in order to retire, but you don't just

buy all the properties and retire.

You buy the properties, accumulate them,

go through an accumulation phase and then

a consolidation phase later, by selling some

and paying off your debt and having

an unencumbered portfolio.

So I guess the main thing is to ensure you're building

yourself a portfolio which is unencumbered,

and is going to be able to meet the needs

of your lifestyle requirements while bringing in

a rental income to support you so you don't have to go

to work for the boss who you hate, and you wanna

be able to do things that you wanna do in life.

In order to answer your question,

is, yes, it is still possible to do that,

but it's in a different sort of fashion.

Instead of buying 10 properties, selling off 5,

paying off 5, and having 5 unencumbered,

what we do is help them tailor a portfolio

in line with their goals.

So there's a lot of people out there that wanna sell

you properties, and obviously at Binvested

we don't sell properties, we don't get paid any commissions

or anything like that from selling a property.

We have a buyers agency which helps people

build these portfolios.

So when we look at the portfolio, we look at it

in a holistic approach, to work out what you need

today in order for you to move to the next step.

So it's part of a jigsaw puzzle.

If you want to get the full picture,

you need to take it one bite size at a time

to put it out on the table and work out,

what do I need today to get me on to the next step,

and what do I need to get on the next step,

and what do I need to do to the next step?

And what we're doing, some of the stuff that we're doing

nowadays, you've seen us doing stuff with those bulk deals,

the builds and stuff like that.

What we've found is that they're very good deals

that you can get into and be able to produce

a large amount of capital from doing a build.

It's not buying a property off a glossy brochure

or anything like that or an off-the-plan type purchase.

What we're looking at is buying properties

which you can add a little value to,

sell them off, and then use that capital

to deploy into other areas of your portfolio.

Everyone's position is different, but it's very hard

to say there's one-size-fits-all, but

someone might be looking for cash flow,

someone might be looking for equity,

someone might be looking for capital growth,

someone might be looking for a mixture of all those things.

And it's very important that we tailor the portfolio

to fit in line with what you need to get you from

where you are today to the next step.

And it is more of a slower process,

but it doesn't have to be that slow,

because we're still seeing the same results

as a net figure for our clients.

If you do need help strategizing and putting

that portfolio together, probably the best bet to start

is coming in for a MAP session.

You can book that either online

or calling the office on 1300 367 925,

or emailing us at admin@binvested.com.au

The MAP session, what that will do is

help you devise a strategy and help you get yourself

in order to go on to build your team around you.

Because you're only gonna be as good as the people

that you've got around you.

If I wanted to go and build a house or build a car

or whatever, I need to have a team of auto electricians,

painters, panel beaters, mechanics,

all different people that I'd take parts to

and make stuff happen.

So in building your portfolio, you need a team of

lawyers, accountants, finance strategists,

property managers, etc.

A MAP session is helping you build that team

and get yourself in a position so you can

have solid foundations for building your portfolio.

If we can help you out with other services,

we do have other services that we can help you with as well.

But a MAP session is key for getting those foundations laid

for you to be able to go out there and build

a solid, sustainable and recession-proof property portfolio.

If you need any help with that, you can contact us.

And if not, keep watching the videos

and make sure to share it with your friends.

Have an awesome day.