Simple steps to improve your cash flow
podcast

Simple steps to improve your cash flow

Ben Kingsley, Director, Empower Wealth

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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 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
Episode 95: The top 10 things every investor should check before buying a property
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Simple steps to improve your cash flow
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