Finally someone who is more honest and realistic about purchasing property these days. Servicing the debt is what tends to hold people back from purchasing multiple properties.
The Inland rail connection between Brisbane and Toowoomba will be a big moment for both cities. It'll be a bit like the connection between Sydney and the Blue Mountains.
true -- its nuts ! you and i cant even put a offer in these days all snapped by byers agents..and they offering courses to learn teh game they play for 08K..
5 million dollars @ 5% income (taxed) for 100k p.a. property is such a bad investment without market FOMO due to under supply even with such low demand
Oh yeah that’s great let’s turn the housing market into the share market. Property investing is great I made hundreds said thousands for doing nothing. That’s really productive earnings. Property investment should be only on building new homes and full capitals tax on profit. We have killed the housing market for people who don’t have extra wealthy parents. The politicians own many homes, the media own many homes no one has the incentive to fix as we are all greedy little pigs. 🙏for a 50% housing crash. Then we start playing on a sort of fair playing ground. It’s so total BS
I’m sorry..It’s not really worth it between land tax, liability and risk. Also building a property portfolio to retire isn’t the best use of a life time.
Finally someone who is more honest and realistic about purchasing property these days. Servicing the debt is what tends to hold people back from purchasing multiple properties.
So true
Inland rail is a freight only line. Fyi. Also qld section on hold/ massively delayed.
Ahhh bless youthful enthusiasm who haven’t seen a single economic cycle
bought 7 properties 22 years ago still got them.Bought 4 Last month ave price 250k ave rent 400 per week
Settled 4 properties in one month ! You must get along with your conveyancer!
Where are you buying 250k properties that have $400 pw rent ?
@@TDXB95 SA and parts of QLD mate. They around for $180k-$220k but you need to do small Reno’s to them in my opinion
12:12 "100k is 5% of 5 million of real estate" - hmm and he is mortgage broker !!!!
The Inland rail connection between Brisbane and Toowoomba will be a big moment for both cities. It'll be a bit like the connection between Sydney and the Blue Mountains.
How does the borrowing capacity work?? you need a huge income to get 10 properties. normal people cannot get the loan to buy 10 properties
Not necessarily, if positively geared
So, so, so many buyers agents around these days.
Are they fundamentally pushing up property prices, rather than getting the best deal?
true -- its nuts ! you and i cant even put a offer in these days all snapped by byers agents..and they offering courses to learn teh game they play for 08K..
bouris asked a direct question - the current politics and chnages - this guy goes - HOw we work... and neutral gearing ...
Eddie Dilleen has approx 80 properties & is early 30s...
Nathan Birch has 200+ properties, 30 motels, businesses etc etc, hes late 30s.
Great interview.
We’re taking a different approach to prospecting and helping both vendors and agents in the process!! 🙌
The power of technology!!
5 million dollars @ 5% income (taxed) for 100k p.a. property is such a bad investment without market FOMO due to under supply even with such low demand
love a 8% free return
Leverage is a double edged sword. These people will be the first to cry when interest rates race up, or the govt increases land taxes on investments
Correct Mark, the world is getting far too complicated.
It would work if properties go up forever
Don't work with Lachlan Vidler. He charged us $4k for a stock PowerPoint presentation and then refused a refund when I called him out on it.
What exactly was the 4k for..
Haha, see how the next 20 yrs go buddy....
Oh yeah that’s great let’s turn the housing market into the share market. Property investing is great I made hundreds said thousands for doing nothing. That’s really productive earnings. Property investment should be only on building new homes and full capitals tax on profit. We have killed the housing market for people who don’t have extra wealthy parents. The politicians own many homes, the media own many homes no one has the incentive to fix as we are all greedy little pigs. 🙏for a 50% housing crash. Then we start playing on a sort of fair playing ground. It’s so total BS
I’m sorry..It’s not really worth it between land tax, liability and risk. Also building a property portfolio to retire isn’t the best use of a life time.
Good point. Alot of my mates are selling. Accountant showd the ins and outs and it's not a big return. I hope negative gearing collapses