Property Investment, Real Estate, Finance, Property Seminars, Seven Steps to Wealth, Custodian WealthBuilders, Australia |
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Learn how to use property to make $1 million - from scratch - in one year.
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M Nienaber, QLD
"John's seminar got me jumping out of my seat. There's no hype - it just rung so true you can't help but be motivated" |
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Frequently Asked Wealth Building Questions
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How can I be assured that I can trust Custodian?
We pride ourselves on our Integrity. I don't like the word 'trust' because it infers you're handing over responsibility. You should be the one taking responsibility. It's all outlined in 'About Custodian', 'Seven Steps to Wealth', the seminars and our history so that when a property is presented to you, you should ask for the justification of how this meets the criteria and how you can use it to duplicate. By doing that you take responsibility.
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Why should I go through Custodian and not do it myself
The short answer is that you can do it yourself. Most of our clients choose Custodian WealthBuilders because they are professionals and do what they do well and in turn they let us do what we do well.
It is important to get all 6 areas right:
The six focuses are:
- Land Content
- Location
- Finance
- Timing
- Cash flow
- Tax Deductions
Without getting all these right you may not see sufficient growth in time to meet your financial goals.
- Custodian takes the hassle out of arranging building, tenants etc.. for you.
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How can you help my goal planning?
Goal planning workshops are something we recommend each client do every 6 months with their Custodian consultant. It means taking an hour from your schedule and sitting down with your consultant where we can plan your goals and review them every 6 months.
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Do you provide a coaching service?
We don't provide a coaching service, however, we do encourage clients to spend as much time as possible with their consultant and other clients.
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What is your mission statement?
Standing poised in anticipation of challenge and opportunities, mind and body in balance. He summons his talents to realise the sanctioned visualisation. With determination, integrity and conviction of truth, service to humanity is his foundation. He is honour bound. The Custodian.
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Who can I speak to other Custodians to get references?
Your consultant can give you an extensive list of clients who have agreed to act as referees.
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When is the best time to invest?
You only have a window of time, that is so many working years until you retire. The market will cycle every 7-10 years and we suggest it's best to stay in rhythm. Work backwards from when you want to retire and get into a rhythm of purchasing an asset every one, two, three years etc, depending on your goal.
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How long will it take me to see the results from my investment?
This depends on market conditions. In a growth market you can see results even before the house is completed and we've had examples of that. In a slow market, it can take two to three years before you see enough growth to enable you to duplicate, depending on your loan value ratio.
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How long does it take for me to have enough equity to purchase another property?
This depends on your finance structure, loan value ratio and the state of the market at the time. You should work with your consultant however, to ideally be duplicating every two years.
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What sort of return should we expect per annum?
Returns will fluctuate from year to year but the average over a ten-year period is higher than 7%, depending on the area, and can be as high as 9%-10%.
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What growth could we expect in 10 years time?
Generally property doubles in value every 7-10 years and has done so for many decades.
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I'm self-employed, is this viable for me?
Yes. We have many clients who are self employed and who are building a strong portfolio.
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I'm 56 years of age, have I left it too late to start a property portfolio?
No. We've had clients commence property portfolios into their 70's.
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Do we invest mainly to duplicate?
Essentially yes, but duplication is the process that gives you compound growth, which is the true function of why you are investing.
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Is the structure one I can leave for my children?
Yes.
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Where do you get your information from, ie how do you know where the best places for growth are?
We have a Research Department whose job is just to look at property that meets our criteria.
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Isn't it better to be positively geared compared to negatively geared?
Not necessarily for wealth building. Positively geared property can mean lower growth. For wealth building, the focus needs to be on growth. It doesn't mean all properties that are wealth building properties are negatively geared. When you focus on growth you will have a much higher land content, it might mean a lower income to start with. We generally find that most properties that are negatively geared move to become positively geared within five years.
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Some financial advisors are saying the property market has peaked?
This is irrelevant as building wealth is about getting compound growth and to get compound growth you need to stay within one market sector for at least a full cycle. Remember the adage, "it's never a bad time to make a good investment".
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What about high-rise units?
New high-rise units are probably the worst investment you can make from a growth perspective in property. They have very little land content.
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What is compound growth?
Simply growth on growth.
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What is lazy equity?
This is simply equity that you have that may not being used to its optimum.
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What is an historical cycle?
It's simply the cycle of the markets and whether they double in value every 7-10 years.
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