Our Portfolio

This property investor breaks down his expenses for holding 12 properties in six years

By Bianca Dabu
Numbers, expenses, property investor, investment

Smart Property Investment’s Phil Tarrant has been an avid property investor for the past six years, holding an impressive 12-property portfolio which he hopes to grow continuously with the help of his financial team.

His accountant Munzurul Khan believes that his journey is going well based on the data that they have been religiously tracking and updating since the very beginning. Some of the information they use to gauge the performance of the portfolio are cash flow, tax loss, and overall expenses.

At the moment, Phil’s total tax loss sits at around $190,000, which may seem quite a lot for some, but according to Munzurul: “[This amount] is really not your out-of-pocket because that includes a whole lot of a non-cash expenses such as your depreciation expense, your one-off potential renovation—extraordinary sort of a cost, [so to speak]."

“When we take away those one-off costs… [and] we take [a few of the] tax benefits that we received along the way, as well, [then] we adjust all of those… we reach into a dollar value of about 180 thousand.”

Overall, it cost Phil $180,000 to create $2.4 million in equity over a period of six years, or about $18,000 per year—an incredible feat for most property investors, especially those who are yet to enter the “maturation phase” of their property investment journey.

Munzurul explained: “The reason why it is costing us 18 grand and… why we are comfortable that it is costing us 18 grand is because we still are arguably at the beginning of our investment cycle—it's not a matured investment yet. [You are in] the acquisition stage, where you're buying properties more and more [and] it's the capital growth of the asset that is purchasing as such.”

According to him, they have used the “most conservative of the conservative” approach to make sure that they are making the most out of this journey while also minimizing risk as much as possible.

“What is really the cash deposit that you had? The answer is zero because we've absolutely counted for every single cash. When we cost your portfolio, so to speak, we cost literally 105 per cent—we cost the entire purchase price,” he said.

“We also cost your purchase relative cost, all the incidental cost, all the cost that we included. We're being the most conservative of the conservative, so to speak—those 12 properties that you have in [three] different estates are costing you about… $1500 per property per year, [which is] pretty alright.

To break it down even further, Phil shells out around $346 a week “in real money” to hold his portfolio—an asset base of $6.1 million with more than $2 million worth of equity.

Value of returns

While it is impossible to predict the total value of returns, Munzurul believes that Phil and his financial team are going in the right direction.

“You've got a portfolio which is [a] 6.15-million-dollar asset value… What would be the return in the future? Of course, we don't know [because] it would differ on a year-by-year basis, [but] if you use the most conservative, let's say about 6 per cent... we [could be] making about seven thousand dollars per week with the cost of 300-odd dollars,” Munzurul said.

For people who aspire to invest in properties that grow in value and delivers a positive cash return, Phil believes that it’s vital to surround themselves with reliable property professionals who understand their capabilities and limitations as an investor.

After all, no two property investment journeys are the same, and the path to success varies from one person to another.

“Over time, if you stop aggressively growing your portfolio and just let the properties go up in value and keep the deposition the same, you start creating passive income. For us, we're not yet at that phase because we're in the process of building,” said Phil.

“If you avoid your accountant, you should be seeing them as a trusted ally and confidante who can help support you as you get on this path of wealth-creation through properties. If you haven't spoken to your accountant for a little while, I suggest you get on the telephone and you speak to them.”

Tune in to Phil Tarrant and Munzurul Khan’s episode on The Smart Property Investment Show to know how to measure the success of your portfolio, the best ways to reach your retirement goal, and the many stages of successful property investment.

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Many investors who would have been successfully approved for finance last year are struggling now to either begin or continue their property investment journey because of the current financial climate.

In this episode of the Smart Property Investment Show, broker John Manciamelli and Momentum Media director Alex Whitlock joins host Tim Neary to discuss how APRA changes and the royal commission have resulted in a tighter lending economy and what that means for Australian investors.

They discuss what traps investors should avoid if they are trying to obtain finance, the four key growth drivers in a property market and unpacking trust structures while revealing one type of trust that you should miss.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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When buying property, it’s important to focus on what’s important. Investor Katarina Taurian shares just what exactly is important to her: having the mindset of looking past superficial cosmetic matters and homing in on the structural suitability and potential of a property.

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In this episode of the Smart Property Investment Show, Katarina joins host Tim Neary to unpack her entry into the property market and experiences of rentvesting, and how the Smart Property Investment Show was vital  in a number of decisions which she made along the way.

Katarina discusses about the team that she had help her along the way, why she thinks that you should never skimp on a good solicitor and accountant, and the red flags which tell her why buying a new property doesn’t necessarily mean buying a better property.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Why buying new property doesn’t mean buying better property
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  string(5) "18524"
  ["title"]=>
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  ["alias"]=>
  string(55) "busting-perceptions-of-a-doom-and-gloom-property-market"
  ["introtext"]=>
  string(187) "

Media hype would have you believe that the Australian property market is in dire circumstances at the moment and that there is no money to be made.  But is that really the case?

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In this episode of the Smart Property Investment Show, regular guests Steve and Victor of Right Property Group join host Phil Tarrant to discuss the current state of the Australian property market as it is portrayed in the media, and analyse if things are as dire as we are being led to believe.

They will compare regional markets with capital cities as investment options, reveal some areas which they consider to be poor investments at the moment while also discussing some of the markets where they see future potential.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Armidale
Bendigo
Cairns
Ipswich
Emerald
Port Hedland
Surfers Paradise

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Busting perceptions of a doom and gloom property market

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