How to Invest in Property on a LOW Income in 2024
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- Опубліковано 13 чер 2024
- Can you still invest in Australian property on a low income in 2024?
Some people think property investment is only for the rich. Statistically, this is false ❌
🤯 Average and low income earners make up over a million property investors in Australia!
In this video I share FIVE WAYS to start investing on a low income. We discuss:
👉🏽 What is a realistic budget to start investing?
👉🏽 How to manage cashflows on a low wage?
👉🏽 How to reduce your investing risk? (no one tells you this!)
👉🏽 How low borrowing capacity can change? (don’t fear!)
👉🏽 How my decisions making framework can revolutionise your investing mindset?
If you earn less than $100K, then don’t miss this one ✌🏽
Chapters:
00:00:00 - Property Investing on a Low Income
00:01:45 - Decision-making framework for investing in real estate
00:03:31 - Property Investing on a Low Income
00:05:00 - High Cash Flow Properties
00:06:36 - Testing and Monitoring Property Performance
00:08:09 - Increasing Borrowing Capacity
00:09:43 - Improving Borrowing Capacity and Property Investment for Low-Income Earners
00:11:16 - The Opportunity Cost of Not Investing in Property
00:12:59 - Starting Small and Testing the Waters
00:14:34 - Farewell and Thank You
LEARN MORE 👇
💡 I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time 👉 consultingbypk.com.au
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
• The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant;
• The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances;
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#PropertyInvestment #PassiveIncome #Australia #RealEstate
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💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty
💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/
Hi PK,
I've come across your channel just today and I am blown away by your expert advice. Could you please allow me to avail from your experience. I will highly appreciate 🙏
@@farahmalik719 sure happy to help, how did you come across the channel?
Thankyou for explaining things with such gentleness and clarity! I like that decision making framework and am going to implement it for lots of other aspects of my life
Thanks PK , that was very helpful and encouraging. Thank you so much. Enjoy.
Watching your videos from longtime, this video is for me to invest and build income as on low pay.
Very useful
Thank you
Really enjoyed listening to this video. Thanks for taking the time to record it.
Thank you
I actually enjoy views and travel experience you shared PK. Thank you.
Have fun with your beautiful wife and adorable son.
Thank you ☺️
Thank you
You're welcome
Lots of people with low income invest in property. There was a report recently that exposed the amount of people simply lying about income and living costs to secure loans. Very common in Australia
Indeed, low incomes earners do really well.. in fact for some property is their way to get ahead
@@AusPropertyMasteryWithPK It was the best way to get ahead when the cost of borrowing money was affordable absolutely. Much less accessible now that rates are returning to historical normaility, but still something worth doing.
Hi PK, Is it good to invest in land and then build the house or buy a ready to move in house? Also, is TAS better or VIC?
Cheers!
Established houses are almost repays best
Hey PK, really love these spontaneous videos of you giving your thoughts on property. I’m still waiting for land to be ready (regional VIC, signed contract in September 2021, still not ready lmao), but once that’s ready & my house is done I’ll start preparing for property 2
Awesome! Thanks
What would be the definition of a low income?
Where does middle income start?
PK, if a person owns their PPOR outright which is valued at 500k but is only making 60k/year would it be possible for such a person to borrow say 100k against their PPOR to supplement their deposit so they can buy a more expensive investment property than 300k?
I think it would be difficult, but perhaps second or third tier lenders could come to the rescue.
On a side note, for such income earners it’s really not necessary to buy something above 400k.
The price of the property doesn’t determine its future growth, only its suburb and property supply demand dynamics 😊
@AusPropertyMasteryWithPK Thanks, PK.
The issue is that a person earning 60k/yr only has the borrowing capacity of about 220k, so for a property worth just 350k, it would take a long time to save for a deposit. During those years of saving, such a person is losing ground being out of the property market.
@@gothops2632start with a $220k property then bro.
ask a broker hoppers.
But banks do not give approval for single investor to borrow at low income
I know loads of people that have got a loan
Anyone can do it. Various methods. Get educated is the first step.
That’s it!