How I Bought My First Investment Property | QLD - 6.5% YIELD!

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  • Опубликовано: 15 окт 2024

Комментарии • 18

  • @DesignsByIFR
    @DesignsByIFR 3 месяца назад +2

    Great video mate, a little update from us, we first got our property with Ravi for $411k and a predicted rent of $450 a week.
    The lease runs out next month and we are now at $600 per week.
    The yields are fantastic, the property itself has had so much capital growth.
    I highly reccomend Ravi and his team

    • @PersonalFinancewithRaviSharma
      @PersonalFinancewithRaviSharma  3 месяца назад

      Ayeeee! Thank you so much mate! Hope you’ve been well ❤️ Your portfolio is doing this 🚀

  • @AmitSharma-lh9lc
    @AmitSharma-lh9lc 3 месяца назад +2

    Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield

    • @PersonalFinancewithRaviSharma
      @PersonalFinancewithRaviSharma  3 месяца назад +2

      If we were calculating net yield in this video then we would. Only covering off gross yield 👍🏽

  • @boxman8957
    @boxman8957 3 месяца назад +1

    $500,000 investment property. Interest rates at 6.5%.
    Middle of nowhere in QLD.
    $100,000 20% Deposit to avoid LMI.
    $400,000 borrowed.
    Interest charged annually: $26,000
    Interest only rent: $500/week.
    Rent Yield: $26,000/$500,000 = 5.2%
    Interest + Principal (to get 6.5% yield) = $500/week + $125/week.
    $6,500 year into Principal or into your pocket (pre-tax, no depreciation if it is an old property past 40 year useful life).

    • @larryrose1095
      @larryrose1095 3 месяца назад +1

      What's your point? Good or bad?

    • @PersonalFinancewithRaviSharma
      @PersonalFinancewithRaviSharma  3 месяца назад +3

      I have no idea what the point of this comment is 😂 all of the numbers you’ve mentioned are wrong.

    • @AmitSharma-lh9lc
      @AmitSharma-lh9lc 3 месяца назад

      Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield

  • @chookie131
    @chookie131 3 месяца назад

    Cool new video! Love this idea BUT can you please do your normal ones too 🤞🏼🤞🏼🤞🏼☺️☺️👍🏼👍🏼

  • @adamcjm
    @adamcjm 3 месяца назад

    Is the property positively geared?

  • @mansphotography9102
    @mansphotography9102 3 месяца назад

    Which LGA was this property bought in? Townsville, Bundy, Mackay, Gladstone or Rocky?

  • @benjaminfrankliniii9857
    @benjaminfrankliniii9857 3 месяца назад +2

    That's not really an impressive yield!

    • @PersonalFinancewithRaviSharma
      @PersonalFinancewithRaviSharma  3 месяца назад +3

      If you are chasing yield then yes. However, this property will give an amazing capital growth return while have a strong yield. Best of both worlds 🚀

  • @davewidodo-yc5ib
    @davewidodo-yc5ib 3 месяца назад

    Wow