I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean financial security. I really appreciate the transparency and giving people a fighting chance during this troubling times.
@@thomasgolden1081 Forex trading is really profitable, now is the best time to take advantage of the market and earn a lot. And of course to do that you need the help of a professional.
Hey Ravi! I love how honest you are - it’s refreshing! I mentioned your channel as one of my property recommendations for beginners in my latest video :) keep up the great work!
What about property purchase costs and ongoing costs? Stamp duty, agency costs and commissions, water, council rates, maintenance costs, bank fees? You’ve left out a lot of costs
Hey Ravi! Love this video. I’m actually looking to get into regional areas too. I’m considering getting a house perhaps in Wollongong? I really like how you broke down your property portfolio and all the numbers which you look at. Really impressive growth 👏👏
The gong is a great place to live, I do not think it is the best place to invest imo. Being from there we have seen a sharp increase in prices I’ve the past ten years. Average house price has increased dramatically due to Sydneysiders invest or moving south. If you look hard enough I am sure you can find some gems in there.
Ravi but 5% growth is nothing when inflation itself is at 7% per year. Could you please explain why property investing is worth it. I mean for example, an S&P 500 index would give you more returns over the years without any overheads (maintainance, no water or council fees)
You are amazing Ravi, I could clear see you becoming a billionare in couple of years. Best part is you are super natural and very honest and it is clearly reflected that how passionate you are. You are a literal rockstar.. wish u all good luck for your future ventures as well. God bless you. Regards, Gaurav
Hi Ravi, nice work on the videos. I was wondering if you had a video on your Abundance mindset. What is an Abundance mindset, would you elaborate please.
When I was selling real estate 20yrs ago. I helped a new investor into his 1st investment property. My advice was to take it slowly and only buy when he had built up equity. Within 3 months, he owned 13 investment properties. Within 1 year, he was bankrupt, lost his investment properties, home and marriage break up. Don't rush in. Investing is a long term game over decades.
Good one Well-done Ravi and thanks for your transparency. Just quick Question how much interest you are paying and i did rough estimation and i assume this is what you will will be making ( please correct if i m wrong all figures are my assumption as not mentioned) , Total Rent year= 220480 (assume 0 vacancy) , Agent Fees = 11000 (5% average) , Council rates =26000 , Water Connection charges =10000, Body Cooperate ? ( assume ) 7000, Insurance 13000 , Assume current interest rate (4-5% ) ypu will be paying 150,000 in interest for 3.1 mil , + repairs and Maintenances assume 1% year (30000$) do you think for 13 properties its enough passive income? I never Discounted the Capital growth which is massive around 450K per year. Just for my understanding only to convince my self...
I love your videos Ravi, I'm 21 and am saving up to put a deposit for my first investment property. You're a great inspiration man, keep up the great work
Great videos Ravi . I have been following your channel from last 2 months and I want to thank you for putting all this info out there for people like me who is looking to learn .
Hi Hitesh, thank you so much for watching and supporting the channel. I'm so so sooo happy to hear that you are getting great value from these videos! Is there any other videos in particular you would like to see?
Hi, great vid Ravi. Congrats on your properties, and thanks for all advise and mentoring you provide. May I kindly ask whether your properties are purchased with principle and interest or interest only.. Would love to have a chat with you sometime in the near future when you have time. Thank you!
Hey Ravi, how much did the duplex and land cost you on the central coast? You mentioned the purchase and build was around 561K but to get a very basic duplex built in Sydney you’re looking at around 400K min. Also was it an empty block you purchased?
Hey Manny! Yeah it was an empty block of land. The duplex build from memory was about $360k - $400k. It was a few years ago and the builders were local so got lucky with not paying the premium ‘Sydney tax’ haha
You bought for xxx amount. Is it just house price, or house+fees(stamp, pest, tax etc)? What are outgoings on these properties?(repair, council, strata, interest+principal, etc)? How much you can get from taxes, if you can?
This is just the house price and doesn't include other purchase costs like stamp duty and inspections, conveyancing etc. For the ongoing costs you should check out my passive income video which breaks down my entire portfolio as a whole :) As for tax credits, that is super difficult to put together in a video because there are moving pieces to the puzzle there sorry!
@@darccrow That's the problem with properties - once you take into account transaction and ongoing costs, the picture is never as rosy as what people paint it to be. People tend to focus only on the purchase and selling prices when assessing capital gains on their real estate, when the reality is financing cost itself could easily eat away a significant portion of the profit.
hey mate great video! I am currently looking at purchasing my second property as an IP, this video is great info. I just have one question though, are your loans set up for interest only or interest and principle? I see the that loan balance is decreasing on most of your properties.
This is a fantastic video - priceless. Thank you for sharing. My issue is how you managed to purchase in so many different areas away from Syd. How do you manage all your properties since they are so spread out.
Thanks so much for the video Are you willing to share what your year land tax liability looks like? Or otherwise, how do you address this matter as part of your overall strategy? I have always thought that this is a barrier to owning lots of property in one state.
I've been watching your videos for a while. Inspired me alot. Just wondering that most of your properties were not cashflow from the start if including holding costs, especially Property #6. I would love to learn and know what are the costs to consider when calc for cashflow properties? Cheers
Hey Peter, thank you for the support! I'm glad you've been enjoying the videos :) Some properties when initially bought were not cashflow positive mainly because interest rates were about 5.5% haha Over time though, if you have bought in the right area with huge rental demand then it will convert to rental growth which is as important as capital growth :)
Hey buddy, consumed hours of these videos over the past month or so. You have caught my attention in this video with the way you look at investing. One question I do have is about your risk mitigation. I know you suggest buying multiple properties on the lower end of the price bracket than going all in on a more expensive single investment. I would like to know about the areas you buy in? What is the socio-economical situation in these regional centres? Is there a risk of people not being able to pay rent or causing large amounts of damage to the property? Is the unemployment rate something you factor into locations you are looking at?
Hey Michael, thanks for watching and appreciate the comment :) Yeah so on that point, some of these markets are in actually better shape than most suburbs and council areas in metro cities. The unemployment rates in some areas are lower and it's data like that along with affordability that we look at for sure. When looking at the affordable side of the market, when uncertain times like 2020 occur, people try and save more money so often will downsize and none of our clients and none of my properties have had issues with rents. In fact, rents have increased for my portfolio and I'm getting word that a few other clients are experiencing the same thing. Hope that helps :)
Hi Ravi, thanks so much for sharing. Do you use trusts to buy property? I am having trouble understanding trusts, how to use them, if I reeaally need them.. Do you have a video, or any info you can point me to? Thank you again, Simon
Hey Ravi, I just saw your video and just freshmen looking to buy investment properties in regional areas in western Australia. My goal is it get two properties before I turn 28. I just want to get in to it as I just graduated from university and wanted to invest my income in properties rather than buying a new home for myself.
Nice one! I think rentvesting is the best strategy for the current climate. I have a really exciting project I will be announcing in a couple of weeks, so be sure to keep an eye out. I'll be making the announcement in our private facebook group so be sure to join. I think you'll really gain some valuable insights from it :)
@@PersonalFinancewithRaviSharma Correct - cognisant you specifically talk about real estate and crypto but it would be good as there is often a lot of debate whether its lucrative investment or not. Thanks bud
Hi Ravi, such an inspirational video for me!! Hats off! Just got a quick question. For Property#6 (3 Bed House in Sydney South West), what was the total land size? Regards, Susham
Hey Ravi, great video and great passive income build, congrats. Two questions: 1. In regards to capital gains tax, when selling of properties, what is your strategy there? I am given to understand to avoid capital gains tax you need to live in the property the first year for 6 months and there after every 5 years. 2. In terms of insurance for both the property and rental insurance, do you have a company or companies you recommend ?
Thank you! 1. I believe with CGT, it's based on if you live in the property for 6 years as that will then determine if it's your PPOR. This is one way I am aware of that you can avoid the CGT. I don't mind paying taxes because it just means I'm making profits. I feel like "avoiding tax" is a defensive mindset and it's not what got me here so if the tax man wants their cut, I'm alright with that haha 2. I've used NRMA, Westpac insurance and they seem to be fine. All the companies are pretty similar in their offerings though :)
I am inspired with this video. I bought my first property last year. and I am planning to get another one this coming March. What do you think about LMI? My bank ANZ asking me for a 20 percent deposit. I am still looking for some other bank which can give me 10 percent plus LMI.
Hey Kirk, thanks for commenting and engaging in the content :) I don't mind paying LMI if it allows me to get into the market with a good asset quicker. I have paid it multiple times. It comes down to the strategy and what asset you are looking to get into :) Hope that helps
@@PersonalFinancewithRaviSharma I was looking to get 2 properties with 10 percent deposit rather than putting 20 percent deposit in 1 property. My goal is to grow my cashflow and get more properties if I can. What do you think about AIR BNB? I am planning to do a hospitality business like AIRBNB stuff. Rather than a long term rental. I don't know if it's a really good Idea as of the market is down at this time. I just like the feeling that I furnished the place and it's close to CBD so I can also stay with the place if I wanted too.
@@kirk1canedo My preference is to have the safer, less risky options for my foundational properties and then later on I can get into more advanced strategies. This way, if there are some issues, I can cover it with my earlier buffers :)
Hey Pratik, I am purchasing these under my own name. There are pros and cons to buying under a trust so if you are starting out, I'd suggest having a chat with your accountant to figure out the best option for you :)
Hi Ravi, great portfolio, would appreciate if you could share some tips of how to do research on finding those under valued properties, there are so many in the market and hard to make a choice. Also, do you do frequent trips to those regional locations for a on site checking? It is not easy for a ppl who work full time to do that... very curious to know how you manage it. Thanks
Hi Cally, I'm currently working a huge announcement coming out in about 3 - 4 weeks which will be research centric and helping people with how they can perform their own research :) We have a 4 point inspection system for our clients which has allowed us to continue buying even throughout lockdowns
Hey Ravi, I appreciate your work and inspiring others to achieve their goals and also happy for your success. It would be great if you provide a plan and strategy, how we should start this from scratch. What things we need to keep in mind before buying property and how much money we need to have to begin with?
Hi Ravi! Would you be able to address you own opinions and thoughts on the interest rate cuts that the RBA have announced? and what this means for investors and the real estate market? do you believe this will be better or worse for those investing in real estate?
Hey Will, I broke it down in my private facebook group "Passive income and Australian Real Estate Tips" - come join the community :) I can make a more detailed video if you like?
SearchPropertyTV - Australian Real Estate Hey Ravi, I can’t seem to find the group but I have found Search property on Facebook. any way for me to join the Group?
Hey Ravi, only just found your channel. Very interesting. Do you get your properties independently valued often, are you working with bank valuations from when you have drawn out equity, or your estimations? Just trying to understand how I can value my properties.
What about bank interest costs also? The reality is your properties have grown in value by 31% which is great. How much has the interest payments been on this portfolio? Just interested as would like to know all costs involved to start, build and run a portfolio like your example.
I’ve got a course that dives deeper into all the costs associated with building your own portfolio. It’s called confusion to clarity online course for Australian Real Estate. I also have another video which I’ve made about the income this portfolio makes with a breakdown of holding costs.
How come the current loan balances for properties 1 and 2 are higher than the original purchase prices? Doesn't make sense to me, but maybe I'm missing something here.
Hi! So it’s because I went to extract equity from the first few properties to then be able to purchase more property. This would increase the debt on the property but the bank is happy to do so because the property had experienced capital growth 👍🏽
Hey! I had a 10% deposit that I had saved up. I have a video on this channel about my first property experience where I discuss this in detail. Here is the video - ruclips.net/video/pVcHtct9znQ/видео.html
Haha thank you :) Obviously, I’m paying for all my expenses as I own this portfolio 100%. This is the power of having a strong plan and strategy as well as proper research to get the best results 🙌🏽
So what I'm seeing here as is that the rental income hasn't increased at the same rate as the housing price. Won't this cause a shock in the future where rent is either pulled up to meet the housing price increase or what i would argue is more likely the house price is pulled down by the slower increase in rental returns?
Hey Sam, thanks for the comment. Here's my POV. It's very rare to find a high growth area where you have rental growth keep up with the capital growth. I don't see this changing anytime soon, if ever. To illustrate, the best example is to look at places like Sydney/Melbourne. They once had 7%+ yields and as capital growth kept coming in, their yields kept dropping. Now they sit at about 2-3% which is tragic. It's been like this for the past 10 years, yet capital growth as part of the cycle has continued to grow at 5%+. In regional areas, it's a similar story in that they had yields of 12%+ and now are at about 6-7%. This is a major reason why buying properties sooner rather than later allows you to take advantage of strong cashflow from the beginning whilst being the market long enough to get the capital growth too. I've found that with my properties, I've experienced great rental growth whereas average properties out there, have very little rental growth. Hope that helps bud
@@PersonalFinancewithRaviSharma Wow i was not expecting you to respond so quickly. Thank you so much for getting back to me mate i really appreciate it. I understand all of that but that cannot continue forever as It causes a disconnect between the value of the underlying asset and the income that asset produces. That's exactly how bubbles form and pop. At what point do investors say "This isn't profitable for me anymore"? One thing we do know however is the Government is going to do whatever they can to keep the party going, they have proven this already but at what point does it become unsustainable? Personally i simply can't see the housing market being anywhere near as profitable in the next 20 years as it was in the last 20 years without a correction of this misalignment. Regional centers are performing better then major hubs, but in both cases the gap between housing prices and rent is widening.
@@samuelbarnes9243 haha caught me on a good day 😂 I agree with that for sure! The days of creating massive amounts of wealth and property portfolios of 10+ properties is definitely numbered. You've hit the nail on the head, it's now clear as ever that the government will not allow for real estate to slip through the cracks. This is evident across the world's major economies too. Interesting times ahead for sure!
@@PersonalFinancewithRaviSharma I second this please! Assuming your first had a tonne of lessons you learned, and lessons others can learn before going into property #1?
I`m 19 and I just started a real estate course it`s confusing to be in the business with people who had a lot of experience, even you feel they are speaking a different language. Thanks for this helpful video.
Hey George! Don't be too harsh on yourself bud, alot of the stuff is learnt along the way. If you ever want some help or need some guidance, I'm here to help :) Would love to hear your story and progress, shoot me an email bud. ravi@searchpropertyau.com.au
@@TheAuzzieSniper1 At the moment, no. I do think there's better opportunities elsewhere at those prices so just couldn't talk myself into getting in. It's a similar sort of story with Sydney.
@@PersonalFinancewithRaviSharma yeah, true prices are sky rocketting for both melb and sydney all the time, where would be good, I think Tasmania would be a good market right now.
Hey Daniel, at the moment we are completely booked out for the rest of the year. If you would like, shoot me an email with your current financial position and what you are looking at doing. From there, I can let you know when someone cancels and how I can fit you in :) ravi@searchpropertyau.com.au
Really great and honest content mate. Finally someone I can follow in Australia that gives some good local advice and tells things how they are. Come across and check out our channel also for some great single malt whisky and craft beer advice!! Cheers Daniel
⏰ Watch Next - ruclips.net/video/2cAuEUnKOwA/видео.html
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean financial security. I really appreciate the transparency and giving people a fighting chance during this troubling times.
Absolutely true
That's a fact. The rate of unemployment has increased tremendously since this pandemic. People are advised to Diversify means of income.
@@jubrilusman7477 Diversification of Investments is really a great idea for multiple streams of income.
@@annaalessandro376
I'm into stocks, Forex trading, property and making good profits from them all.
@@thomasgolden1081 Forex trading is really profitable, now is the best time to take advantage of the market and earn a lot. And of course to do that you need the help of a professional.
Great content ! Teaching my son atm , he is about to buy first investment at 20 , we have both subscribed
Amazing!! I'm so happy to hear that :) Thanks for subscribing
Hey Ravi! I love how honest you are - it’s refreshing! I mentioned your channel as one of my property recommendations for beginners in my latest video :) keep up the great work!
Hi Lisa! Thank you so much for the kind words ☺️ really appreciate it 🙌
What about property purchase costs and ongoing costs?
Stamp duty, agency costs and commissions, water, council rates, maintenance costs, bank fees? You’ve left out a lot of costs
Hey Ravi! Love this video. I’m actually looking to get into regional areas too. I’m considering getting a house perhaps in Wollongong? I really like how you broke down your property portfolio and all the numbers which you look at. Really impressive growth 👏👏
Thank you Queenie!! Means alot :) ooo that's awesome, I love the Gong, wish I had property there tbh. Let's chat properly when things calm down ✌️
Yess definitely!! Let me know when you’re free to chat and we can tee something up 😊
The gong is a great place to live, I do not think it is the best place to invest imo. Being from there we have seen a sharp increase in prices I’ve the past ten years. Average house price has increased dramatically due to Sydneysiders invest or moving south. If you look hard enough I am sure you can find some gems in there.
We just settled on our first property 10 days ago and received our first rent payment on the 30th. Feels so good!!!
That is an awesome feeling! Nice work 👌
Congratulations
Ravi but 5% growth is nothing when inflation itself is at 7% per year. Could you please explain why property investing is worth it. I mean for example, an S&P 500 index would give you more returns over the years without any overheads (maintainance, no water or council fees)
Great portfolio mate!! Thanks for being very honest!! I would love to see an updated video when you hit a $10m portfolio
Hit me up directly☝☝
For more guidance and advice on investments...
You are amazing Ravi, I could clear see you becoming a billionare in couple of years. Best part is you are super natural and very honest and it is clearly reflected that how passionate you are. You are a literal rockstar.. wish u all good luck for your future ventures as well. God bless you. Regards, Gaurav
Thank you! Love the support!
Wow, this was a great watch! subbed for your great journey!
Thank you so much! Glad you are enjoying the content!
Hey Ravi, great video. thanks for sharing. the rental yield you mentioned for each property, is it gross or net?
First time here. Loving the content! Good to see you have diversify your portfolio. Also I love buying in regional too!
Thanks for coming :) Appreciate the support :)
How do you protect your assets with rising interest rates so that you aren’t over leveraged
Thank you so much for your insight. I am an international students doing Masters in Australia. I hope to build my own investment portfolio in future.
Thank you for watching and commenting! I'm glad you enjoy this type of content :) Wow, that's awesome, good luck on your journey!
Hi Ravi, nice work on the videos. I was wondering if you had a video on your Abundance mindset. What is an Abundance mindset, would you elaborate please.
When I was selling real estate 20yrs ago. I helped a new investor into his 1st investment property. My advice was to take it slowly and only buy when he had built up equity. Within 3 months, he owned 13 investment properties. Within 1 year, he was bankrupt, lost his investment properties, home and marriage break up. Don't rush in. Investing is a long term game over decades.
first of all, congratulation on your progress, and other hands really appreciate that you sharing your knowledge.
I appreciate that!
Hey Ravi
Great video
How do you get the lending approval to borrow so much?
Good one Well-done Ravi and thanks for your transparency. Just quick Question how much interest you are paying and i did rough estimation and i assume this is what you will will be making ( please correct if i m wrong all figures are my assumption as not mentioned) , Total Rent year= 220480 (assume 0 vacancy) , Agent Fees = 11000 (5% average) , Council rates =26000 , Water Connection charges =10000, Body Cooperate ? ( assume ) 7000, Insurance 13000 , Assume current interest rate (4-5% ) ypu will be paying 150,000 in interest for 3.1 mil , + repairs and Maintenances assume 1% year (30000$) do you think for 13 properties its enough passive income? I never Discounted the Capital growth which is massive around 450K per year. Just for my understanding only to convince my self...
I love your videos Ravi, I'm 21 and am saving up to put a deposit for my first investment property. You're a great inspiration man, keep up the great work
Thanks so much Liam! Really appreciate the support :) glad I can help 🙌🏽
I've recently entered the property investment market and your videos are such great inspiration. Keep up the good work and see you at the top!
Thank you so much Louis! Appreciate the kind words :)
Great videos Ravi . I have been following your channel from last 2 months and I want to thank you for putting all this info out there for people like me who is looking to learn .
Hi Hitesh, thank you so much for watching and supporting the channel. I'm so so sooo happy to hear that you are getting great value from these videos! Is there any other videos in particular you would like to see?
Great video mate, very well presented! Subscribed to the channel 😊
Thanks bud! Appreciate the support and sub :)
All the positive income and positive report on profitability. What’s the report on all outgoings, expenses, insurance, etc.?
Hi, great vid Ravi. Congrats on your properties, and thanks for all advise and mentoring you provide. May I kindly ask whether your properties are purchased with principle and interest or interest only.. Would love to have a chat with you sometime in the near future when you have time. Thank you!
Such a great video mate, cannot wait to work with you 💪🏻
Thank you Ash! Love the support and yes keeeen! 🤙🏽
Hey Ravi, how much did the duplex and land cost you on the central coast? You mentioned the purchase and build was around 561K but to get a very basic duplex built in Sydney you’re looking at around 400K min. Also was it an empty block you purchased?
Hey Manny! Yeah it was an empty block of land. The duplex build from memory was about $360k - $400k. It was a few years ago and the builders were local so got lucky with not paying the premium ‘Sydney tax’ haha
You bought for xxx amount. Is it just house price, or house+fees(stamp, pest, tax etc)? What are outgoings on these properties?(repair, council, strata, interest+principal, etc)? How much you can get from taxes, if you can?
This is just the house price and doesn't include other purchase costs like stamp duty and inspections, conveyancing etc.
For the ongoing costs you should check out my passive income video which breaks down my entire portfolio as a whole :)
As for tax credits, that is super difficult to put together in a video because there are moving pieces to the puzzle there sorry!
@@PersonalFinancewithRaviSharma Ok, so its not so rosy, but still ok. Thank you Ravi
@@darccrow That's the problem with properties - once you take into account transaction and ongoing costs, the picture is never as rosy as what people paint it to be. People tend to focus only on the purchase and selling prices when assessing capital gains on their real estate, when the reality is financing cost itself could easily eat away a significant portion of the profit.
hey mate great video! I am currently looking at purchasing my second property as an IP, this video is great info. I just have one question though, are your loans set up for interest only or interest and principle? I see the that loan balance is decreasing on most of your properties.
This is a fantastic video - priceless. Thank you for sharing. My issue is how you managed to purchase in so many different areas away from Syd. How do you manage all your properties since they are so spread out.
Hi Ravi! Thanks for the amazing video! When you purchase a property or land, do you go for inspections? Or purchase them just base on research?
Hey!! Thank you for the support :) yes inspection + research together
Thanks so much for the video
Are you willing to share what your year land tax liability looks like? Or otherwise, how do you address this matter as part of your overall strategy?
I have always thought that this is a barrier to owning lots of property in one state.
Thanks for watching and engaging :) Yes, will add it to the long list haha will get around to it at some point for sure
I've been watching your videos for a while. Inspired me alot. Just wondering that most of your properties were not cashflow from the start if including holding costs, especially Property #6. I would love to learn and know what are the costs to consider when calc for cashflow properties? Cheers
Hey Peter, thank you for the support! I'm glad you've been enjoying the videos :)
Some properties when initially bought were not cashflow positive mainly because interest rates were about 5.5% haha Over time though, if you have bought in the right area with huge rental demand then it will convert to rental growth which is as important as capital growth :)
Awesome video as always. I'm 19 and hopefully I can build up a portfolio like yours over time here in Melbourne.
Thank you! Oh wow 19, that’s awesome that you’re getting into learning about this stuff so early on :)
Reach out if you ever need to chat ✌🏾
Hey buddy, consumed hours of these videos over the past month or so. You have caught my attention in this video with the way you look at investing. One question I do have is about your risk mitigation. I know you suggest buying multiple properties on the lower end of the price bracket than going all in on a more expensive single investment. I would like to know about the areas you buy in? What is the socio-economical situation in these regional centres? Is there a risk of people not being able to pay rent or causing large amounts of damage to the property? Is the unemployment rate something you factor into locations you are looking at?
Hey Michael, thanks for watching and appreciate the comment :)
Yeah so on that point, some of these markets are in actually better shape than most suburbs and council areas in metro cities. The unemployment rates in some areas are lower and it's data like that along with affordability that we look at for sure. When looking at the affordable side of the market, when uncertain times like 2020 occur, people try and save more money so often will downsize and none of our clients and none of my properties have had issues with rents. In fact, rents have increased for my portfolio and I'm getting word that a few other clients are experiencing the same thing. Hope that helps :)
Hi Ravi, thanks so much for sharing. Do you use trusts to buy property? I am having trouble understanding trusts, how to use them, if I reeaally need them.. Do you have a video, or any info you can point me to? Thank you again, Simon
Amazing work mate. U are a True inspiration to many many people. Keep up the great work mate.
Thanks Mark! Appreciate it 🙌🏽
Hi Ravi
Thanks for sharing you portfolio
When purchasing properties interstate from your residence what advice do you have with inspection properties?
Are you able to cover emi , management, and insurance cost
In rental yield ?
Hey Ravi,
I just saw your video and just freshmen looking to buy investment properties in regional areas in western Australia. My goal is it get two properties before I turn 28. I just want to get in to it as I just graduated from university and wanted to invest my income in properties rather than buying a new home for myself.
Nice one! I think rentvesting is the best strategy for the current climate. I have a really exciting project I will be announcing in a couple of weeks, so be sure to keep an eye out. I'll be making the announcement in our private facebook group so be sure to join. I think you'll really gain some valuable insights from it :)
Thank you for very honest sharing and effective learning for us
Thanks for the video Ravi. Would be great for you to do a video showcasing the pros and cons of investing in gold
Thanks bud. I personally don't invest in Gold but, it could be good content like why I don't invest in ETFs
@@PersonalFinancewithRaviSharma Correct - cognisant you specifically talk about real estate and crypto but it would be good as there is often a lot of debate whether its lucrative investment or not. Thanks bud
How much Passive Income I generate from this portfolio (Video) 👇
ruclips.net/video/1cI8hBp88pY/видео.html
Hi Ravi, such an inspirational video for me!! Hats off! Just got a quick question. For Property#6 (3 Bed House in Sydney South West), what was the total land size? Regards, Susham
Great video as always!
Thanks Jordan!!
LIVE WEBINAR EVENT (18th July, 2022)- Register now 👇
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Hey Ravi, great video and great passive income build, congrats.
Two questions:
1. In regards to capital gains tax, when selling of properties, what is your strategy there? I am given to understand to avoid capital gains tax you need to live in the property the first year for 6 months and there after every 5 years.
2. In terms of insurance for both the property and rental insurance, do you have a company or companies you recommend ?
Thank you!
1. I believe with CGT, it's based on if you live in the property for 6 years as that will then determine if it's your PPOR. This is one way I am aware of that you can avoid the CGT. I don't mind paying taxes because it just means I'm making profits. I feel like "avoiding tax" is a defensive mindset and it's not what got me here so if the tax man wants their cut, I'm alright with that haha
2. I've used NRMA, Westpac insurance and they seem to be fine. All the companies are pretty similar in their offerings though :)
@@PersonalFinancewithRaviSharma thanks for the response mate. Appreciate it. Wish you luck in continuing your wealth growth :)
@@MyTk89 You too! Smash up 2021 :)
@@PersonalFinancewithRaviSharma let me know where I can get in touch with you!
@@MyTk89 Feel free to shoot me an email on ravi@searchpropertyau.com.au
Your video's are so informative .keep up good work.
Thank you so much for the kind words! 🙌
I am inspired with this video. I bought my first property last year. and I am planning to get another one this coming March. What do you think about LMI? My bank ANZ asking me for a 20 percent deposit. I am still looking for some other bank which can give me 10 percent plus LMI.
Hey Kirk, thanks for commenting and engaging in the content :)
I don't mind paying LMI if it allows me to get into the market with a good asset quicker. I have paid it multiple times. It comes down to the strategy and what asset you are looking to get into :) Hope that helps
@@PersonalFinancewithRaviSharma I was looking to get 2 properties with 10 percent deposit rather than putting 20 percent deposit in 1 property. My goal is to grow my cashflow and get more properties if I can. What do you think about AIR BNB? I am planning to do a hospitality business like AIRBNB stuff. Rather than a long term rental. I don't know if it's a really good Idea as of the market is down at this time. I just like the feeling that I furnished the place and it's close to CBD so I can also stay with the place if I wanted too.
@@kirk1canedo My preference is to have the safer, less risky options for my foundational properties and then later on I can get into more advanced strategies. This way, if there are some issues, I can cover it with my earlier buffers :)
Such a wonderful Information 😍
Great video Ravi. Are you buying these properties under your own name or through a trust?
Hey Pratik, I am purchasing these under my own name. There are pros and cons to buying under a trust so if you are starting out, I'd suggest having a chat with your accountant to figure out the best option for you :)
You so inspire me how can I build a portfolio like you!
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watched this a few times. great video. proppps!!!
Thanks Jonathan :) Appreciate it!
Hi Ravi, great portfolio, would appreciate if you could share some tips of how to do research on finding those under valued properties, there are so many in the market and hard to make a choice. Also, do you do frequent trips to those regional locations for a on site checking? It is not easy for a ppl who work full time to do that... very curious to know how you manage it. Thanks
Hi Cally, I'm currently working a huge announcement coming out in about 3 - 4 weeks which will be research centric and helping people with how they can perform their own research :)
We have a 4 point inspection system for our clients which has allowed us to continue buying even throughout lockdowns
how do you calculate current value of one of your properties?
thank you for the insight. can i ask if all these purchases were by yourself or with a partner?
All on my own :)
Hey Ravi,
I appreciate your work and inspiring others to achieve their goals and also happy for your success.
It would be great if you provide a plan and strategy, how we should start this from scratch. What things we need to keep in mind before buying property and how much money we need to have to begin with?
Thank you for the kind words :) Appreciate it alot! I cover this in the Confusion to Clarity online course if you're keen to learn about this :)
Hi Ravi, how are your properties structured? Personal, trust, company etc?
Hi Ravi! Would you be able to address you own opinions and thoughts on the interest rate cuts that the RBA have announced? and what this means for investors and the real estate market? do you believe this will be better or worse for those investing in real estate?
Hey Will, I broke it down in my private facebook group "Passive income and Australian Real Estate Tips" - come join the community :)
I can make a more detailed video if you like?
SearchPropertyTV - Australian Real Estate Hey Ravi, I can’t seem to find the group but I have found Search property on Facebook. any way for me to join the Group?
@@willmcbeath1744 here's the link the bud :)
facebook.com/groups/361198781729010
Hey I couldn’t find the Facebook group
Super like to know about your portfolio, but how do you get the loan? Banks refuse after few properties though we have deposit amount.
All comes down to Income from both active work as well as the investments' cashflow
Did you have a look at the properties in person or did you buy without viewing?
I almost became millionaire watching your video 😜. Inspiring 👏
Hey Ravi, would you rather buy one inner city house for 1 mil or four 250k rural houses?
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I appreciate your content, very inspiring!
Thank you so much for the kind words Erica :) I really appreciate it!
Really good Job. Thanks for your efforts Brother.. to some point definitely would talk to you.. 👍🏻
Thank you so much :) Glad you are enjoying the content!
Why do you always refer to yield rather than roi
Hi Ravi,.
I am looking to invest in property. But before buying anything i need a advice from experts.
How can i contact you?
Hi Bikram, that's exciting :) shoot me an email about what your current position is what you are looking at achieving.
ravi@searchpropertyau.com.au
Hey Ravi, only just found your channel. Very interesting. Do you get your properties independently valued often, are you working with bank valuations from when you have drawn out equity, or your estimations? Just trying to understand how I can value my properties.
Hey David, thank you for watching :)
I’m basing it on the most recent bank valuations
@@PersonalFinancewithRaviSharma cool thanks for sharing. Loving your content. Wishing you a big 2021.
@@dmac13 Thank you David, wish you all the best too this year!
Wow, you’ve done so well
Very impressive !!!
You'd be a gun at Monopoly haha Amazing work and a great achievement
HAHAHAH! I freaking love that game :) Appreciate the support and glad you enjoy the content!
how are you calculating your rates? It is inclusive of principle pay down?
how did u get past your borrowing power like your borrowing cap/ceiling to get to ya 5-6-7-8-9
What about bank interest costs also? The reality is your properties have grown in value by 31% which is great. How much has the interest payments been on this portfolio? Just interested as would like to know all costs involved to start, build and run a portfolio like your example.
I’ve got a course that dives deeper into all the costs associated with building your own portfolio. It’s called confusion to clarity online course for Australian Real Estate.
I also have another video which I’ve made about the income this portfolio makes with a breakdown of holding costs.
How come the current loan balances for properties 1 and 2 are higher than the original purchase prices? Doesn't make sense to me, but maybe I'm missing something here.
Hi! So it’s because I went to extract equity from the first few properties to then be able to purchase more property.
This would increase the debt on the property but the bank is happy to do so because the property had experienced capital growth 👍🏽
So when you bought your first house did you have large deposit or use your own home as security? cheers
Hey! I had a 10% deposit that I had saved up. I have a video on this channel about my first property experience where I discuss this in detail. Here is the video - ruclips.net/video/pVcHtct9znQ/видео.html
true teacher, thanks mate
Thank you so much :) Glad you are enjoying the content!
I’m 16. And I am wondering what I can do to best prepare myself for buying my first investment property the earliest I can. Any tips?
I'd say get educated asap and learn the cause and effect in real terms. You should enroll in the COnfusion to Clarity Online course :)
Unbelievable how did you buy property 3,4,5 in 2016 who is paying stamp duties.
Who is paying council fee , other expenses.
Haha thank you :) Obviously, I’m paying for all my expenses as I own this portfolio 100%.
This is the power of having a strong plan and strategy as well as proper research to get the best results 🙌🏽
So what I'm seeing here as is that the rental income hasn't increased at the same rate as the housing price. Won't this cause a shock in the future where rent is either pulled up to meet the housing price increase or what i would argue is more likely the house price is pulled down by the slower increase in rental returns?
Hey Sam, thanks for the comment. Here's my POV.
It's very rare to find a high growth area where you have rental growth keep up with the capital growth. I don't see this changing anytime soon, if ever. To illustrate, the best example is to look at places like Sydney/Melbourne. They once had 7%+ yields and as capital growth kept coming in, their yields kept dropping. Now they sit at about 2-3% which is tragic. It's been like this for the past 10 years, yet capital growth as part of the cycle has continued to grow at 5%+. In regional areas, it's a similar story in that they had yields of 12%+ and now are at about 6-7%.
This is a major reason why buying properties sooner rather than later allows you to take advantage of strong cashflow from the beginning whilst being the market long enough to get the capital growth too.
I've found that with my properties, I've experienced great rental growth whereas average properties out there, have very little rental growth. Hope that helps bud
@@PersonalFinancewithRaviSharma Wow i was not expecting you to respond so quickly. Thank you so much for getting back to me mate i really appreciate it. I understand all of that but that cannot continue forever as It causes a disconnect between the value of the underlying asset and the income that asset produces. That's exactly how bubbles form and pop. At what point do investors say "This isn't profitable for me anymore"? One thing we do know however is the Government is going to do whatever they can to keep the party going, they have proven this already but at what point does it become unsustainable? Personally i simply can't see the housing market being anywhere near as profitable in the next 20 years as it was in the last 20 years without a correction of this misalignment. Regional centers are performing better then major hubs, but in both cases the gap between housing prices and rent is widening.
@@samuelbarnes9243 haha caught me on a good day 😂
I agree with that for sure! The days of creating massive amounts of wealth and property portfolios of 10+ properties is definitely numbered.
You've hit the nail on the head, it's now clear as ever that the government will not allow for real estate to slip through the cracks. This is evident across the world's major economies too.
Interesting times ahead for sure!
Hey Ravi, just wondering have you made a video on buying your first investment property and if not you should. Hahaha
That is a brilliant idea! I'll add it to the list ☺️ thank you for the idea ✌️
@@PersonalFinancewithRaviSharma yeh, I’m really young and just want to get into real estate as soon as I can
@@joshweatherstone5232 compound growth will be your best friend ;)
@@PersonalFinancewithRaviSharma Should do a video on compound growth too, ahahah
@@PersonalFinancewithRaviSharma I second this please! Assuming your first had a tonne of lessons you learned, and lessons others can learn before going into property #1?
Thank you for the inspiration Ravi
Is the private fb group, passive income and real estate tips still active?
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can't believe i watched the whole video!
I`m 19 and I just started a real estate course it`s confusing to be in the business with people who had a lot of experience, even you feel they are speaking a different language. Thanks for this helpful video.
Hey George! Don't be too harsh on yourself bud, alot of the stuff is learnt along the way. If you ever want some help or need some guidance, I'm here to help :)
Would love to hear your story and progress, shoot me an email bud.
ravi@searchpropertyau.com.au
@@PersonalFinancewithRaviSharma Do you ever buy properties in the meblourne region?
@@TheAuzzieSniper1 At the moment, no. I do think there's better opportunities elsewhere at those prices so just couldn't talk myself into getting in. It's a similar sort of story with Sydney.
@@PersonalFinancewithRaviSharma yeah, true prices are sky rocketting for both melb and sydney all the time, where would be good, I think Tasmania would be a good market right now.
Which town is the regional Vic property in?
Hi Ravi, your website does not allow to book in a strategy session. How else could I contact you?
It should be working now :) I have the March sessions now available!
How did you earn the money for your first property? Did you continue with job in the first few years of investment?
Hi Ayush, this video might help :)
ruclips.net/video/pVcHtct9znQ/видео.html
Awesome bro ... hope to speak one day
Thank you! Yes keen - 1 day indeed :)
Thank you for the inspiration.
Hi how may i arrange a strategic section with you ?
Hey Daniel, at the moment we are completely booked out for the rest of the year. If you would like, shoot me an email with your current financial position and what you are looking at doing. From there, I can let you know when someone cancels and how I can fit you in :)
ravi@searchpropertyau.com.au
So you actually had 9 properties. That's cute..
are all these intrest only purchaces?
Really great and honest content mate. Finally someone I can follow in Australia that gives some good local advice and tells things how they are. Come across and check out our channel also for some great single malt whisky and craft beer advice!! Cheers Daniel
Great video
Thank you! Glad you enjoyed it!
@@PersonalFinancewithRaviSharma mind if I ask, are these all P&I loans?
How is the loan balance 207,000, when you purchased for $190,000?
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Best regional towns to buy in?
Investing is great but make sure you borrow money within your limit.
You would wanna sleep well at night when things go dark.
Great content tho.
Hit me up directly☝☝
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How do I know the undermarket value
The beauty of research