The Duo Tax Podcast
A podcast for property investors, by property investors | Discover the latest tips and strategies on wealth creation and maximising cashflow on property investments from investors themselves.
Our investor guests are hand picked for their unique stories, lessons and journey. Each episode will give you rich insights on property and investing matters giving you the knowledge and tools to develop a blueprint for property investing success.
The Duo Tax podcast is proudly brought to you by the team at Duotax.com.au
The Duo Tax Podcast
How Kris Built His $55 Million Portfolio
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Today on the Duo Tax Podcast, Kris Collins shares his story about entering the Australian property market, driven by his childhood environment. He shares the highs and lows of his journey, which led him to build his $55 million portfolio.
Kris also breaks down the problems of land tax and the issues that make it hard for younger generations to enter the property market, including government supply.
Duo Tax Quantity Surveyors are Australia's most reviewed and highly-rated Quantity Surveyors. Thousands of Australian Investors have trusted Duo Tax in helping maximise their tax savings on investment properties, improving their personal finances.
We help Australian investors with claiming their property depreciation on tax, property valuations on their current or potential properties, estimate construction costs for property developments, and improve their tax with our specialised Duo Tax Improvement Report.
Our mission is to help provide the most affordable, convenient, and aggressive tax depreciation schedule service so that you can maximise the return on your property investment.
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CHAPTERS
00:00 - Intro
01:09 - Portfolio Breakdown
04:21 - Background and Childhood
05:19 - Entering the Market
08:05 - Due Diligence
09:45 - Biggest Mistake
12:56 - Residential vs Commercial
14:01 - End Goal
15:35 - Rent Increases
16:50 - Advice
17:55 - Why Property is Harder to Invest In
19:36 - Lifestyle Changes
21:15 - Total Depreciation Claimed
27:08 - Outro
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