Pay Off Mortgage vs Invest - Which is Better?
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- Опубликовано: 3 июн 2024
- The Great Australian Dream is harder to achieve than ever - but is it really the best way of using your money?
🙌 Congratulations, you've bought your own home! And you're saving money each month!
❓ So should you use your saved money to pay down your mortgage or INVEST?
🏠 With high interest rates, it's tempting to put investing on the backburner, focusing instead on PAYING OFF your PPOR mortgage.
💨 But is there a faster way of paying off your home loan, and escaping the 30 year mortgage TRAP?
Find out how!
#mortgage #investing #interestrates
Chapters:
00:00:00 - Glittering Prospects in the Property Services Market
00:01:59 - Paying off the Mortgage vs. Investing in Real Estate
00:03:34 - Investing vs. Paying Down Mortgage
00:05:08 - Negative Cash Flow Concerns
00:06:40 - Predicting Growth in Real Estate
00:08:14 - Investing with Anchored Data
00:10:01 - Doubling Property Value in 5 Years
00:11:43 - Using Financial Literacy to Truncate Mortgages
00:13:19 - Paying Off Your Mortgage Faster
00:14:51 - Enjoy the Sydney View
LEARN MORE 👇
💡 I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time 👉 consultingbypk.com.au
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
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• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
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#PropertyInvestment #PassiveIncome #Australia #RealEstate
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❤ 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/
My most favorite video to share with the better half after me binge watching two years of videos. Absolutely love the simplicity in putting out information on property investing 👌🏽 Safe travels 🙂
Thank you!
Love the video, I am building for my first just outside of Perth in Bulllsbrock.... 4 bedroom was looking to rent 2 of the rooms to increase income in combination with any equity growth throw into an established investment starting interest only to build up and later transition to P&I... I'd love to learn more on utilizing data (what specifically and what tools do you use to find the information).
I love the rent vest method but for first home I kind of have to be here. (I know some people dodge the system). Making a smooth transition to a second property is really important to me and on the hunt for a good Accountant also to assist.
I had this question in mind for so long and I finally got a straight answer. Thank you
Glad it helped!
PK Thank you ! you are always bringing value for us for free!! im on my way to property number 4 also will look into buying with super soon 💪
Well done man, congrats!
So relatable to my situation right now. Thanks PK.
You can monetise your skills by renovating your principal property and selling, paying no capital gains and doing it again, I also invested in other properties and built granny flats behind giving 7% yields
How much does it cost to build a granny flat ?
Will it be better to use granny flat fund to buy another property instead?
@@Em-hb7zd my granny flats are quality builds, with 70m2 of living space (WA Limit) plus a 30m2 store room and verandah costing $120 including landscaping soak wells, paving and limestone retaining walls
They rent for $500 p/w so it’s a guaranteed 20% return on your investment indexed to inflation
I did most of the work myself saving $80k
Using prefabricated steel frames and trusses there was no need for bricklayers, plasterers and roof carpenter’s, just screwing in tek screws all 18,000 of them😳
Granny flats are about 200-250k to build.
Thanks PK..great advise as always😊
Cheers!
Financial literacy is 100% key to get ahead 🎉. Great content and thank you for sharing
Good information bro
Hi PK , what about Millicent in regional in South Australia near Mount Gambier??
Don't pay off mortgages. Keep buying more and more assets instead.
So it's all about how much debt you can get your hands on!
Perfect sense..agree 100 %
Thanks!
Enjoying the new video format of filming in other places, has a more laid back vibe. Enjoy your time in Sydney PK
Thanks for the feedback :)
I like the area hilbert in perth 👍🏼
Hey PK do you know any good brokers in Brisbane?
Hi Pk, we want to see you on channel 7 morning show 😊 another good video!
I agree with you pk, however one needs a buffer in your bank if you are holding multiple properties. You can’t spend the last 60k on another property. Your thoughts?
100%
Could you please guide us on how to calculate current equity and how to get that equity to work for us.
Also, i brought a house as my family is growing and this is my first house, what would be your advise, yes, im house poor now.
Hey equity is valuation minus loan. A mortgage worker can help you with the former
PK, if the 18 year cycle plays out, is it still worth getting into property and continuing to buy even when housing prices on average are crashing? Are there still pockets that we could find that perform well in a bear market?
I don’t believe in theoretical cycles.. we have to invest based on the ground reality
Money depreciated day by day so better to get into the market sooner than later
I think price will drop but won’t drop massively
Property price always go up in the long term
Better option. Use your currently NON DEDUCTIBLE $60,000 to pay down your mortgage AND THEN go an borrow it back + some to purchase and investment property. Now your $60,000 is TAX DEDUCTIBLE.
Another option. Use your $60,000 to purchase a 5% share in an NDIS Property, still in a growth location, returning 12%, plus your capital growth.
So many ways to skin the cat. But for goodness sakes, stop negative gearing before you build a foundation of cash flow or you will very quickly hit a serviceability brick wall. Worse, you can't afford to keep it and you have to sell it before you can realise its potential.
Agree on the strategy of using investment properties to do the heavy lifting and selling it down the track to pay down your mortgage.
Yeah keen to have ☕️, I'm in the cbd.
Hey 🙂
Some of us are meeting at:
Bella Vista hotel
13-15 Lexington Dr, Bella Vista
On Wednesday (today) around 6pm
It would be great to catch up !
Was your son having a nap while you were recording this? :P
Why you moved to QID? Do you like Sydney or QID?
Gold Coast
But how you going to have a mortgage when all the banks collapse???
How can you borrow again if you have 60K with you ? Having 60K does not means you have a borrowing capacity ?
You borrow if your have serviceability
Your thinking is linear. You extrapolate from recent data that is ridiculously unsustainable and the result of ridiculous monetary policy.
It will end badly. My advice pay off the mortgage and own something, or speculate and risk losing it all.
The last 23 years post sept 11 are the result of crazy new world order monetary policy to try keep up with the compounding return on capital.
It works until the hockey stick goes parabolic, which I think is happening now, Necessitating the reset.
We are living in exponential times and that requires exponential thinking, not linear. That’s just my opinion.