346 dealing with analysis paralysis, property prices in a hot market, buying a tenanted property + more

As always, John and Emily love discussing your topics and questions on the show! Make sure to get in on the action in the my millennial money Facebook group if you're not already there. In this episode they chat about: 👉🏽I'm trying to understand the risks and benefits of buying an IP. I feel like I psych myself up to do it then delve too far into research and get scared and stop👉capital gains tax when you have both lived in and used the same property as an investment👉🏾the difficulty of working out what is a good price to pay in a very heated market👉🏿just bought a home that currently has tenants renting. Should we keep using the existing property manager until their lease runs out or handle it ourselves?👉🏼Emily also gives a tip for investors who may have bought and inherited a tenant👉🏻feeling deflated about how long it will take to save enough to enter the market Here’s the episode with Shae and Daniel that Emily mentioned: https://player.whooshkaa.com/episode?id=928782Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.