Thank you Shivam for giving such honest replies to Rachit’s questions. I just want to know how to add value to a property ?Who can advise us just by seeing the house that we can make a few changes and sell at a higher price. Do we have to take an architect with us when we go to buy a house but isn’t that an expensive proposition?
hi, Really good stuff from Shivam here. Few questions I hope to get some feedback on: Were his properties on 'interest only' loans? or were they also on 'principal and interest'? And if they were only on interest only loans, how does he intend to mitigate loss of cashflow when banks stop interest only lending after 5-10 years. What is the plan to mitigate this? Or is the plan to flip when the banks cease 'interest-only' lending (again assuming the properties are on interest only)? No issues with with the strategy here, just a fair set of questions that anyone interested in property would want to understand. In addition to the above, the properties that were earning him 30k-40k in profit, was this profit purely in terms of equity? or was it profit from rental cashflow?
Hi Chirag, Thank you very much for your questions and I have to accept you have a very good set of questions, First of all , almost all my properties are on 'principal and interest', Secondly I always make sure my rents has to offset the mortgage for that rental property, I surely understand its difficult but that's where my negotiation skills and picking up the right properties comes in place. In regards to profit it depends on property to property but I feel safe to say its mixture of both equity and rent. Hope I have answered all your question.
@@ShivamVerma-eo1rw thanks shivam. Really appreciate your response. I can understand how difficult it is to even break even in todays auckland property market, so kudos to you on getting the good deals. Cheers and power to you!
👌👌
Good on you shivam g. 👍👍👍
Thanks Sorabh
so proud of u bhaiya 😊
Thanks Kanika, I am glad that I am making my friends and family proud
Good interview, keep
Are you still on the run mate?
This is amazing! Truly inspirational. Looking forward for more videos🙂
Thank you, Harshada. :)
Thank you very much Harshada for your kind words.
He is my uncle
Thanks Rythem, Hope you doing great. God bless you
@@ShivamVerma-eo1rw 😊
It's truly inspiring keep it up shivam
Key takeaway: you gotta risk it for the biscuit !
Absolutely correct my friend
Thank you Shivam for giving such honest replies to Rachit’s questions. I just want to know how to add value to a property ?Who can advise us just by seeing the house that we can make a few changes and sell at a higher price. Do we have to take an architect with us when we go to buy a house but isn’t that an expensive proposition?
hi,
Really good stuff from Shivam here.
Few questions I hope to get some feedback on:
Were his properties on 'interest only' loans? or were they also on 'principal and interest'? And if they were only on interest only loans, how does he intend to mitigate loss of cashflow when banks stop interest only lending after 5-10 years. What is the plan to mitigate this? Or is the plan to flip when the banks cease 'interest-only' lending (again assuming the properties are on interest only)?
No issues with with the strategy here, just a fair set of questions that anyone interested in property would want to understand.
In addition to the above, the properties that were earning him 30k-40k in profit, was this profit purely in terms of equity? or was it profit from rental cashflow?
Hi Chirag, Thank you very much for your questions and I have to accept you have a very good set of questions, First of all , almost all my properties are on 'principal and interest', Secondly I always make sure my rents has to offset the mortgage for that rental property, I surely understand its difficult but that's where my negotiation skills and picking up the right properties comes in place. In regards to profit it depends on property to property but I feel safe to say its mixture of both equity and rent. Hope I have answered all your question.
@@ShivamVerma-eo1rw thanks shivam. Really appreciate your response. I can understand how difficult it is to even break even in todays auckland property market, so kudos to you on getting the good deals.
Cheers and power to you!
Shivam Verma Hi Shivam, good to see you on here answering questions. Thats very nice of you
@@99pdx Thanks mate