❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 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 sir...not sure if it is right to ask..how is it possible to get bank loan serviceability in such a high interest environment to buy 6 properties in a such a short time frame of 18 months..would be very helpful if you can answer
I live in Perth and it has a cycle of boom and bust where all the mining projects finish then there is a stagnant period where no one has jobs for 7 years - lots leave Perth as they have to. My rental for example is only the same rent now as it was in 2013, between now and then rents dropped from 650 to 400 a week and everything outside an 8km zone from the CBD dropped in price massively. I can see that happening in about 4-5 years time. @@AusPropertyMasteryWithPK
@martyncoates6035 Buy in an area where the demand for rentals far exceeds the supply. This way rental unlikely to drop at least in a short-medium term. Build a buffer and don't overly leverage..
Umm look very happy for the guy at an individual level, but for reasons that should be glaringly obvious, at a societal level this is absolutely not the positive story you're pitching it to be.
I would argue opposite. Private investors are the ones building houses so we need more rich private investors. This guy could very likely increase the amount of homes available to be lived in by families in the future.
@@huntster4000 ok but you've adorned this story with details that aren't real. No houses were constructed, and apparently 6 were taken off the market in the space of 18 months. To those who argue "don't hate the player, hate the game" - yes, that is a valid point, but if you're asking for a pat on the back for exploiting a system that disproportionately disadvantages people who are less fortunate, then expect the full range of justifiable feedback.
@@ChrithBraown Think long term People that generate their wealth using real estate using pks strategies tend to end up with a lot of developable land and they also have the equity from the growth and the cash flow from rents to afford developing and actually increasing liveable properties for families and people in general.
❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
💡 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/
Thanks for the content PK. Congrats Richard! Thanks for your detailed breakdown of your portfolio. Great talk gents. Well done.
Salam kenal @Richard Bharata, saya juga dari Indonesia. Congrats for your portfolio!
Thank you, Richard. Thank you, PK.
Absolute gem! Thanks for sharing and hope to learn more from your videos PK!
Thanks!
Thanks Kevin
Richard you're a legend. Love the honesty. I needed to hear this today! Thanks PK great interview 👍🏽
Glad you enjoyed it
Thanks for the feedback and listening @m_j_roscoe2174.
@@RB-pf1ht how can we contact you ? Thanks Both.
@@Id.ishaduhan i am on facebook group as Richard richard
Nice work Richard, and great chat, very motivating 🙏
Thanks mate 🙏🏼
Thanks Stugots. Hope you enjoy the conversation.
Hi sir...not sure if it is right to ask..how is it possible to get bank loan serviceability in such a high interest environment to buy 6 properties in a such a short time frame of 18 months..would be very helpful if you can answer
You can join the fb group - Richard is tagged - and ask him directly ☺️
people who have high income, he is a businessman so he can service the loan
Any one know which broker Richard used? Thanks
what if rents drop and your in debt up to the max?
Why will rents drop? And why would you not have buffers?
I live in Perth and it has a cycle of boom and bust where all the mining projects finish then there is a stagnant period where no one has jobs for 7 years - lots leave Perth as they have to. My rental for example is only the same rent now as it was in 2013, between now and then rents dropped from 650 to 400 a week and everything outside an 8km zone from the CBD dropped in price massively. I can see that happening in about 4-5 years time. @@AusPropertyMasteryWithPK
@martyncoates6035 Buy in an area where the demand for rentals far exceeds the supply. This way rental unlikely to drop at least in a short-medium term. Build a buffer and don't overly leverage..
Umm look very happy for the guy at an individual level, but for reasons that should be glaringly obvious, at a societal level this is absolutely not the positive story you're pitching it to be.
Thanks for sharing. Playing within the rules.
I would argue opposite.
Private investors are the ones building houses so we need more rich private investors.
This guy could very likely increase the amount of homes available to be lived in by families in the future.
@@huntster4000 the govt certainly ain’t building many
@@huntster4000 ok but you've adorned this story with details that aren't real. No houses were constructed, and apparently 6 were taken off the market in the space of 18 months.
To those who argue "don't hate the player, hate the game" - yes, that is a valid point, but if you're asking for a pat on the back for exploiting a system that disproportionately disadvantages people who are less fortunate, then expect the full range of justifiable feedback.
@@ChrithBraown
Think long term
People that generate their wealth using real estate using pks strategies tend to end up with a lot of developable land and they also have the equity from the growth and the cash flow from rents to afford developing and actually increasing liveable properties for families and people in general.
Are u still employment in a job or retired
Are you referring to Richard?
I am engineer (project management) by trades but have retired from that job now :)
Hi how i can contact you i live in Melbourne
consultingbypk.com.au/