Hi Eddie, New sub and first time commenting. Thanks for your work and good on you man. I respect your hustle. Your Mum looked stoked in her new hone. I saw the article about it.
Hi Eddie. The second part of this equation and question is - should you buy the FIRST property outright and then use the equity already in it to finance the 2, 3 house etc and on it goes. So you still end up with 6 to 10 properties using the equity, but you own the first outright and aren't paying the bank $2 for every $1 borrowed. You save yourself $500k on a $500k property in money you don't have to pay back to the bank. In theory you could also save that and bankroll another house or 10. Surely $500k equity is $500k equity whether its in 1 or spread across multiple houses. Either way you could still use the equity for multiple houses right? Or am I missing something? Thanks mate.
Hey! Good question, the issue is that most people don't have 500k lying around to buy outright. Instead you can leverage debt and leapfrog from property to property :)
@@eddiedilleen_ I'd love to hear a definitive answer as my family member is in the unique position of having inherited a lump sum of cash and this is the one question we need clarity on. We are Aussies starting out in property investing and would also like to book a session with you.
@@eddiedilleen_ My Sister in Law and husband is doing that. She used large savings to buy multiple investment properties and using them to pay for the current Morgage on their house. I'm looking to do the same by getting her help on how to do it.
When deciding between buying one property outright or multiple properties with the same capital, it's important to consider your financial goals, risk tolerance, and investment strategy. Buying one property outright can provide a sense of security as you fully own the property and may have lower ongoing costs compared to multiple properties. However, diversifying your investment across multiple properties can spread risk and potentially increase your overall return on investment. It's essential to conduct thorough research and seek professional advice to determine the best approach based on your individual circumstances.
Hi Eddie, New sub and first time commenting. Thanks for your work and good on you man. I respect your hustle. Your Mum looked stoked in her new hone. I saw the article about it.
Amazing thank you
Thank you sooo much for all this information; it is all free. This made a lot of sense. 🙏🙏🙏
Hi Eddie. The second part of this equation and question is - should you buy the FIRST property outright and then use the equity already in it to finance the 2, 3 house etc and on it goes. So you still end up with 6 to 10 properties using the equity, but you own the first outright and aren't paying the bank $2 for every $1 borrowed. You save yourself $500k on a $500k property in money you don't have to pay back to the bank. In theory you could also save that and bankroll another house or 10. Surely $500k equity is $500k equity whether its in 1 or spread across multiple houses. Either way you could still use the equity for multiple houses right? Or am I missing something? Thanks mate.
Hey! Good question, the issue is that most people don't have 500k lying around to buy outright. Instead you can leverage debt and leapfrog from property to property :)
@@eddiedilleen_ I'd love to hear a definitive answer as my family member is in the unique position of having inherited a lump sum of cash and this is the one question we need clarity on. We are Aussies starting out in property investing and would also like to book a session with you.
@@eddiedilleen_ My Sister in Law and husband is doing that. She used large savings to buy multiple investment properties and using them to pay for the current Morgage on their house.
I'm looking to do the same by getting her help on how to do it.
Great value mate!👌
Glad it was helpful! Appreciate it!
When deciding between buying one property outright or multiple properties with the same capital, it's important to consider your financial goals, risk tolerance, and investment strategy. Buying one property outright can provide a sense of security as you fully own the property and may have lower ongoing costs compared to multiple properties. However, diversifying your investment across multiple properties can spread risk and potentially increase your overall return on investment. It's essential to conduct thorough research and seek professional advice to determine the best approach based on your individual circumstances.