919 dodgy property deals, CGT changes, the 6 year rule, financial regret + more
5/11/20261 hr 31 min
Learn to invest with our award-winning investing book, The Quick-Start Guide to Investing: https://www.investingbook.com.au/
In this Q&A, Glen James and John Pidgeon chat about:
👉🏼 red flags working with property pros and unlicensed advisers
👉🏽 upcoming changes to CGT accounced at the Federal Budget
👉🏾 how the main residence exemption / the six-year rule work
👉🏿 community discussion: is rent money dead money?
👉🏻 letting go of financial regret
👉 plus an afterparty
Mentioned in the chat:
Episode 914b: https://youtu.be/f_gXkaP4EAE
The Quick-Start Guide to Your First Property by Glen James & Rachelle Kroon: https://amzn.to/4svhyoH
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Clips
Transcript preview
First 90 secondsGlenn James· Host0:00
[upbeat music] These would have to be the reddest of red flags I've seen in a while. I had both of these emails come through, uh, to our inbox through our website, and I might get you to read the first one, John, and then I'll read the second one, then we'll talk about it because there's some wild stuff here- Mm ... I would hypothesize.
John Pidgeon· Guest0:28
[lip smacks] "Hi, Glenn, new listener here. Never cared about finance shite until turning 40, and now I'm balls deep in it."
Glenn James· Host0:35
Yew.
John Pidgeon· Guest0:36
"And absolutely loving the podcast. Just wondering if you've ever done an episode deep diving into companies like XXX, which help you build investment properties. They're a one-stop shop who help you with everything from getting the finance, choosing house and land package to suit your budget, and even guarantee you'll have tenants within so many months. My mate has just signed up with them to build two properties straight off the bat. The strategy is set up as a seven-year plan, paying interest only and selling after seven years and profiting whatever the growth margin has been. I'm not sure if it's sus or a legitimate good idea. Cheers."
Glenn James· Host1:10
And then the next one that we got, "My partner, his siblings, and parents have a financial advisor that they all use and has helped them set up a shared self-managed super fund." So self-managed super fund can have up to, I think, six members that are somewhat related.