Is The Property Couch a scam? Should you trust their words and pay for their service or products?
There are many gurus who make unrealistic claims or promises on the internet to help you make money. So it’s important to do some research first before investing your hard-earned money.
To help you make a more informed decision, I’ve done thorough research about The Property Couch in the past few weeks.
As a disclaimer, I’m NOT affiliated with The Property Couch, so you can rest assured that my review is genuine and unbiased.
At the end of this article, I’ll also tell you a much better alternative that can help you make steady passive income at zero risk.
Below is what I’ll cover in the review of The Property Couch.
What is The Property Couch?
The Property Couch is a podcast hosted by two Australia’s property investors Bryce Holdaway and Ben Kingsley. It aims to help people make money on real estate investment.
Since property investing requires huge capital and hence is risky in nature, making a wrong investment decision can cost a lot of money. The Property Couch educates people on making the right investment choices.
Apart from podcasts, they offer paid courses or workshops for those who want to learn property investment.
The Founders of The Property Couch: Bryce Holdaway and Ben Kingsley
Bryce Holdaway is one of Australia’s foremost property experts and commentators. Over the past 15 years, Bryce has assisted home buyers and investors to purchase property in Australia.
Bryce Holdaway is a partner of Empower Wealth. He works with property buyers and investors to create a great retirement lifestyle.
Ben Kingsley founded Empower Wealth in late 2007, which is now one of the leading wealth advisory consultancies in Melbourne.
He is passionate about personal wealth creation. Empower Wealth provides services in key areas of wealth creation, including property investing, finance, money and wealth planning, risk management, managed funds and estate planning.
Over the past years, Ben Kingsley has helped hundreds of people to invest millions of dollars into residential property.
The Property Couch Books
The Property Couch has published two books that give you some insights on property investing.
Make Money Simple Again
I got a free digital copy of this book. In this book, you can learn a simple approach about property investment and the foundations of good money management habits.
Inside the book, it introduces the free Money Smarts Platform where you can keep track of your investment data. It is an interactive online money management platform for you to use personally.
When you use the Money Smarts Platform, it will take you through the same implementation and operating steps that are outlined in the book. You can find all the built-in tables, calculations, charts and graphs.
The Armchair Guide to Property Investing
This book is a guide that teaches you the fundamentals of money management, risk assessment and how to pick a winning property.
The Property Couch Courses
The Property Couch offers three courses on its website.
They are “Start & Build”, “Look Find Buy” and “10X Your Property Research”
The courses will teach you how to build a property portfolio and find the best properties to invest. You will learn how to do research and make investment decisions. The courses are suitable for beginner investors.
They claim to share with you the proven and repeatable framework to build a successful, multi million dollar property portfolio.
However, the courses are not cheap. It’s up to you if you want to make some investment on acquiring investing knowledge first before diving into the actual real estate market.
However, there is no guarantee of success after taking the courses as there are a lot of unpredictable factors in the market.
Is The Property Couch a Scam?
Definitely not. The Property Couch is not a scam. You can get a lot of free information about property investment from them. If you know nothing about property investing, the Property Couch is a great place to acquire some knowledge.
The hosts, Bryce Holdaway and Ben Kingsley will tell you all the things about property investing in Australia. They explore different topics in a fun and interesting way, from which property to buy, structuring loan, finding the right property investment strategy to tips for bidding at an auction.
However, I wouldn’t recommend it if your goal is to make more passive income.
The reason is that although it sounds a good idea to invest money in real estate, the ROI (returns on investment) for property investing has decreased over the years.
Besides, property investing requires a lot of initial capital and it takes a long time to pay off the mortgage loan.
You might be forced to cut your budget on most leisure activities such as travelling to make the end meets.
It’s as risky as stock trading when a lot of your money is locked in the land which has an extremely low liquidity. In case you need an emergency fund, you’ll be in big trouble.
Many people like doing property investment to generate passive income for retirement, but that’s not a good idea because of the risk involved.
If you don’t want to bear risk, there is a better alternative to make passive income for retirement.
In recent years, the world has undergone a massive change due to the Internet, which has created a lot of opportunities to make money online
While the real estate market is volatile and might rise or fall in value, a digital asset can always give you stable cash flow and it only takes 1-2 years to build a sustainable online business.
In the next section, I will introduce you to the best online business model to start today.
Is There an Easier and Better Alternative to Make Passive Income?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.