advanced-guide

How to build a bigger portfolio

By Tim Neary
How to build a bigger portfolio

If you want to own a large multi-property portfolio, there are a few moving parts you're going to have to keep track of. 

Is your portfolio on the move? Keeping track of it requires a lot of work.

Property investor, buyer's agent and director at Right Property Group, Victor Kumar, says moving an investment portfolio from just one or two properties to 20 or 30 requires a lot of work. 

“You need to be able to manage your affairs and you can’t just keep it all up in your head,” he told Smart Property Investment on The Smart Property Investment Show podcast

“I use Google Sheets to track each and every property. I get my statements fortnightly and I transcribe them into the spreadsheets – so that at any point in time I know exactly where my cash flow is sitting.

“I know which property is vacant, which one is coming up to be vacant, which one will need work, in which month. So each week I am planning to say, 'Okay, this week I need to organise some quotes for a hot water system, for example, or a new kitchen'.”  

Mr Kumar also uses Google Sheets to make financing easy for his mortgage broker.

“So I just flick him across the Google spreadsheet, and I use Dropbox to put all of my statements and anything else that I need for finance. And I just share that link.

“So rather than me trying to find all the information, I let the broker find it. He works for his commission, but I make it easy for him to do it.”  

Then on a regular basis Mr Kumar consults with his accountant about his financials. The idea is to present them in the best way possible, taking lending into account.

“And sometimes, that actually means paying tax,” he says.

“I know that is a bad three letter word, but if you make yourself attractive to the bank then they will lend you money and therefore you can further your portfolio.”

Listen to Victor Kumar's full story on The Smart Property Investment Show: 
Episode 14: How I turned $4,500 into a multimillion-dollar portfolio 
Episode 19: ‘How I built a multimillion-dollar portfolio even though I bought the wrong properties’

Listen to other instalments of The Smart Property Investment Show: 
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: '11 properties by 31, now I'm stuck: What's next?' 
Episode 43: 22 properties by 30: Can Generation Ys build massive portfolios?
Episode 42: SPECIAL EPISODE: All your burning property investment questions answered
Episode 41: 14 properties and $13,000 cash flow positive: how this investor did it
Episode 40: How I achieved financial freedom in the face of divorce
Episode 39: $2 million in just five years: SPI porfolio update
Episode 38: Identifying an under market value property: buyer's agent reveals all 
Episode 37: How to find - and keep - the perfect tenant 
Episode 36: How to get the best properties for the best price
Episode 35: Top investors reveal how to reduce your interest rates and borrow more money 
Episode 34: 4 properties in 4 months: The SPI Show gives the inside scoop on its portfolio
Episode 33: How we’re creating wealth for our young family: Investor reveals how real-life mum and dads invest 
Episode 32: From family tragedy to successful young investor: 'How I did it' 
Episode 31: How to beat other investors
Episode 30: How you can be millions in debt and loving it
Episode 29: How to succeed where other investors fail: real estate mogul reveals all
Episode 28: How a poker night led to a terrible property investment
Episode 27: Australian test cricketer reveals all about his property portfolio
Episode 26: 'How we bought 11 properties in less than 5 years': The SPI Show reveals all
Episode 25: 'How I bought six properties even though the banks don't want to lend to me and I'm self-employed'
Episode 24: 'How property helped me quit the rat race'
Episode 23: 'The worst property investment decision we made' 
Episode 22: 7 properties by 25. How this young investor did it 
Episode 21: The magic formula for negotiating on properties
Episode 20: 'How we recovered from our auction nightmare and bought a property goldmine'
Episode 19: ‘How I built a multimillion-dollar portfolio even though I bought the wrong properties’
Episode 18: ‘What’s the worst that can happen?’ The ups and downs of DIY property management
Episode 17: The secrets to my success – how I built a massive portfolio on a modest income
Episode 16: How I'll retire on $200,000 a year
Episode 15: 10 properties in 6 years – how this elite sportsman will create a passive income
Episode 14: How I turned $4,500 into a multimillion-dollar portfolio 
Episode 13: Are we about to see real estate Armageddon? 
Episode 12: My sink-or-swim investment strategy
Episode 11: How your living expenses will affect your borrowing ability and is it time to chat with your lender?
Episode 10: Is it boom or doom in 2016... and is ready access to finance assured in the year ahead?
Episode 9: How a tradie bought 12 properties in under 4 years 
Episode 8: 'How I bought 9 properties on a modest income - all before 30'   
Episode 7: How to pick a hotspot; Here comes the squeeze!
Episode 6: How to start investing without a plan
Episode 5: 'How I built a portfolio from scratch'
Episode 4: Christmas special! We look back on 2015 and forecast what's in store for investors in 2016
Episode 3: Are we in a property bubble? Does aircraft noise depress property prices? And where's the next boom?
Episode 2: Where are prices on the way back? What's the future for mining towns? Are we all in a ponzi scheme?
Episode 1: What do you do when rates rise? How APRA is affecting investors. And have we found new hotspots? 

 

About the Blogger

Tim Neary

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