Listen "Saving Tax & Where Most Property Investors Fail with Mike Mortlock"
Episode Synopsis
In this conversation, Mike Mortlock discusses various aspects of the real estate industry, including the importance of regulation, the intricacies of tax depreciation, and the impact of these factors on capital gains tax. The discussion also covers investment strategies, comparing new and established properties, and the incentives that drive real estate transactions. The conversation emphasizes the need for more education and awareness among investors regarding these topics. In this conversation, Jaryd Krause, Mike, and Sam Powell delve into the intricacies of real estate investment, focusing on negotiation strategies, insights from successful investors, the importance of having a clear investment strategy, and the influence of market sentiment and media on property decisions. They also discuss the Dunning-Kruger effect and how it impacts people's understanding of real estate, emphasizing the need for critical thinking and informed decision-making in the property market. CHAPTERS 00:00 Introduction and Influencer Status 03:06 The Need for Regulation in Real Estate 05:53 Understanding Tax Depreciation 11:53 The Impact of Depreciation on Capital Gains Tax 14:55 Investment Strategies: New vs. Established Properties 21:05 Incentives in Real Estate Transactions 24:12 Negotiating Real Estate Contracts 27:33 Insights from Top Property Investors 31:46 The Importance of Strategy in Property Investment 35:55 Understanding Market Sentiment and Media Influence 40:19 The Dunning-Kruger Effect in Real Estate Knowledge ABOUT THE HOSTSSam Powell is a certified property investment advisor and registered property valuer with an illustrious career helping people save and make millions of dollars through property investing. Jaryd Krause considers himself a student of property, owning his own portfolio of property and online businesses he shares his failures and successes through his property journey. The Property Pals is strictly just a podcast on how to help you earn passive income through property investing to live a better lifestyle. We have no products or services to sell you, if you ever want help we can refer you to the different people we use for our own personal property portfolios. ABOUT THE GUEST Mike Mortlock is the Managing Director of MCG Quantity Surveyors and Host of the Geared For Growth podcast where he as a property investor interviews other property investors and clients on how they have achieved exceptional results in property investing. https://www.mcgqs.com.au/ https://gearedforgrowth.com.au/ RESOURCE LINKS:➥ Property Pals Website - https://www.propertypals.au/➥ Property Pals Website - https://www.propertypals.au/coaching➥ How To Maximise Your Borrowing Capacity Mini Course - https://www.propertypals.au/resources Disclaimer: Any information shared by Sam, Jaryd & The Property Pals team is strictly general and should not be taken as constituting professional advice. You should consider seeking independent legal, financial and taxation advice from a qualified professional.See omnystudio.com/listener for privacy information.
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