podcast

Simple steps to improve your cash flow

0

Ben Kingsley, Director, Empower Wealth

Download Video: MP4,

There are some small steps you can take to improve your cash flow and grow your portfolio

 

 

This is the science of property investment. Cash flow is everything when it comes to investing in property. If you can forward manage and forward project your cash flows then the chances are you can build a very successful property investment portfolio. In the event that you have challenges around cash flow for a period of time, there are a couple of great things you can do to help yourself in terms of releasing some of that cash flow. The first thing you can do is maybe switch your loans to interest only, and this may be interest on your principal loan - on your home, or it could also be insuring al your loans are interest only on your investment properties. The other thing you could look at doing is have a look at the family budget and see where the discretionary spending is and see if there's any way you could maybe cut back on a little of that discretionary spending which will ensure that you could hold on to this asset that's going to keep delivering more and more healthy outcomes for you into the future.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%