How Eddie overcame getting STUCK with finance at 6 properties | Property Investing Australia

[@TeemoForLife]

1. Increase income . Second job. Build up deposit
2. Extreme Frugal lifestyle temporarily
3. Genuine deposits (back from rule 1) 75% saving of wage
4. Remove credit card as counts as debt/liability
5. High yielding rental properties (7%+)
6. Below market value

[@KymLy-b3d]

Amazing thank you

[@THAIB76]

Amazing stuff awesome knowledge

[@lukehughes3078]

Thanks for the real response

[@donaldwayne4219]

Banks don't include rent from private rentals when calculating your serviceability and borrowing capacity either. Just rents through an agent.

[@Birch37]

Yeah its still tough even with 10% yield after expenses. The banks only look at a percentage of rent.

[@pataralfonso]

Thank you

[@jyekluske]

Great advice ! Thanks

[@abdx7777]

I am stuck at 2 only

[@jprme7588]

Still better than most!