I think house and land packages are good for people who want a nice new house, have the money and are retiring, the cons don't really affect them. That's the case with my mom, she has majority of the funds and I'm helping her pay off the rest, she doesn't want the hassle of renovating at her age and when I eventually inherit the house there will be capital growth by then.
It is interesting to "bad-mouth" about "accountant in general" and promote oneself. At the end of the day it is buyers beware market and trust NO ONE. This is my approach anyway. Peace.
what about, house and land but both loans get settled, even before build start ? There is something call construction loan which is pre approved, they issue you this loan in 6 progress payments also give you 10 months build guarantee, if not they take the expenses on to their shoulder ? Also, a question 1. You mentioned 88k (huge commission) for House and land package, how much is the fee for established property on average for agent/advisor like you?
Hi Ravi, the barefoot investor book advises against buying an investment property first. Could you do a case study of this book pls and present with your analysis and why your strategy still works?
Please think critically about the awareness / perspective of the person giving ‘advice’ to you. Barefoot advice is general only and applies generally. Does his advice help the average Aussie - yes absolutely, most are in debt and have credit cards and don’t understand basic financial literacy. Does it apply specifically to you at your point in your journey - most likely not.
not knowing any better, i bought a house & land package (for investment) in may 2020. phew i got lucky. whilst is has grown somewhat, it has still had barely any rental growth. i would strongly recommend not buying an off the plan or new house and land packages.
Hi Ravi, Your videos are quite informative and good reference for the property buyers. Could you please make a video on how to buy a property for non resident of Australia? What are the different licences or charges compare to resident ? Is it possible to get a loan ? If so then how much ? Thank you.
I wouldn't. I almost got caught out buying a home and land package a few years back in South Maclean, Qld. One of those new estates. A 4/2/2 on a 350m2 block of land. It would have taken a year and a half to build, and I would be regretting it now.
95% of time the bank will value the house at purchase price as this is what the market dictates the market value is - Outside of rural properties or well over offer purchases
Hi Ravi, Great video and it helped reinforce where my plan going forward is. 3 months ago i almost got sucked into a off the plan high growth pitch investment untill i did a little research and found the price was almost $50k/$60k higher then its actual worth and pulled out in time and now we have our first investment in muswellbrook nsw settling in 4 weeks. I look forward to watching more of your clips for information Keep up the good work
Thanks Ravi great info!
I think house and land packages are good for people who want a nice new house, have the money and are retiring, the cons don't really affect them. That's the case with my mom, she has majority of the funds and I'm helping her pay off the rest, she doesn't want the hassle of renovating at her age and when I eventually inherit the house there will be capital growth by then.
It is interesting to "bad-mouth" about "accountant in general" and promote oneself. At the end of the day it is buyers beware market and trust NO ONE. This is my approach anyway. Peace.
Chinese bought off the plan in China and the developer crashed leaving the buyer with nothing.
Hi Ravi, can you tell me an example of when is a good idea to buy a new property or it is never a good idea to buy brand new property ?
Never if you want to make money with my strategy. However, some buy and hope it goes up - sometimes it works out
@@PersonalFinancewithRaviSharma got it. Thanks Mate 🙂
Great video
Any books recommendations on buying / investing in real estate?
There should be 7 years builders warranty.
what about, house and land but both loans get settled, even before build start ? There is something call construction loan which is pre approved, they issue you this loan in 6 progress payments also give you 10 months build guarantee, if not they take the expenses on to their shoulder ?
Also, a question
1. You mentioned 88k (huge commission) for House and land package, how much is the fee for established property on average for agent/advisor like you?
No wonder many of these "Property Gurus" are only selling of the plan properties!
hahah yeah exactly
Hi Ravi, the barefoot investor book advises against buying an investment property first. Could you do a case study of this book pls and present with your analysis and why your strategy still works?
ooo this would be super interesting ;)
Please think critically about the awareness / perspective of the person giving ‘advice’ to you. Barefoot advice is general only and applies generally. Does his advice help the average Aussie - yes absolutely, most are in debt and have credit cards and don’t understand basic financial literacy. Does it apply specifically to you at your point in your journey - most likely not.
Rich dad is better
I would LOVE this ❤
not knowing any better, i bought a house & land package (for investment) in may 2020. phew i got lucky. whilst is has grown somewhat, it has still had barely any rental growth. i would strongly recommend not buying an off the plan or new house and land packages.
What about purchasing a house and land package as the second owner? Is this classed as an established property?
Hey Ravi, love the content brother.
Ive tried to jump on the online course and the link doesnt work, just letting you know 😊
Thanks Josh! Website is getting upgraded so should be available shortly :)
@@PersonalFinancewithRaviSharma awesome 👌
Great Video Ravi! Been down this path before and it all makes sense now
I thought you were a sitar player Ravi.
Hi Ravi,
Your videos are quite informative and good reference for the property buyers.
Could you please make a video on how to buy a property for non resident of Australia? What are the different licences or charges compare to resident ?
Is it possible to get a loan ? If so then how much ?
Thank you.
Legendary work Ravi 🔥 what is the fee you charge? Also is it a one off fee or is there one for each property purchased with you?
Thank you! It's a one off fee :) Feel free to email me as we have a current offer - ravi@searchpropertyau.com.au
am recently in the process of buying a house and land package in Brisbane. Now I am worried about the interest rate
I wouldn't. I almost got caught out buying a home and land package a few years back in South Maclean, Qld. One of those new estates. A 4/2/2 on a 350m2 block of land. It would have taken a year and a half to build, and I would be regretting it now.
I'm not a fan so, see what you can do.
95% of time the bank will value the house at purchase price as this is what the market dictates the market value is - Outside of rural properties or well over offer purchases
Not if it’s a new build
House and land or ‘house and scammed’ 🤔
LOL!
Are you still hiring Ravi?
Hi Ravi,
Great video and it helped reinforce where my plan going forward is.
3 months ago i almost got sucked into a off the plan high growth pitch investment untill i did a little research and found the price was almost $50k/$60k higher then its actual worth and pulled out in time and now we have our first investment in muswellbrook nsw settling in 4 weeks.
I look forward to watching more of your clips for information
Keep up the good work