Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.,
I understand the growth in the last 3 years has also been because of COVID-19 and many incentives banks and governments created, which I guess explains also why so much growth in the previous 3 years, but the next 5 may be different if you look at the global economy. Even that, better be in than out. 😅 Great video Eddie.
easy, buy before crisis, sell after crisis and keep the cash positive ones permanently, made a networth of 2million after covid and only got 530k debt now
Great video, but I’m confused on the last bit, how do you take your 1mil of equity and use it to buy like a nice car or something, do you have to sell all the houses?
what about the interest rates right now, and the capital growth on an inflated market? i want to buy now but they say next year or 2025 could be better as it's the worst bubble in history.
I have a question. I have been seeing this alot and I'm struggling to understand. So you borrow 240K from the bank and you put a deposit then pay the seller. The money is gone. My question is how do you buy another while you still have a loan? Even if you refinance you will be short to pay the seller. Will the bank give you another loan? It's like this thing of getting maybe 2million then you split it into 5 properties. How will the sellers get the full amount on those properties? I'm sorry I'm slow but i want to understand this so i can start
I think that when you refinance you can use the difference to put as a deposit on a new property. Not sure exactly if you can cash it out or transfer it directly to the new loan.
Eddie portfolio consists of buying in personal name, joint names, companies, trusts, SMSF, etc. However he stuck to personal/joint names for a while before diving into the other structures
because if you ever get sued the courts will make you sell them all to pay of the court case, its why many people do things in trusts or business names@@gothops2632
@@jesseturner1533 at some point you can consolidate your portfolio getting out of debt and keeping the best cashflowing properties to fund your lifestyle
The numbers have to be changed. That’s 10 years ago that you have experienced. There is no property under 300k in a good location. The minimum property nowadays around 300k at least. so it is not possible refer to your calculations. I have tried to follow your calculation. after that, I realized that The numbers should be changed for 2024 version. To get a 300k property, your wage per year should be more than 80k including your wife or partner and at least you have 40000 dollars on your saving as a starter base in 2024. so it takes more time and deposit to get become a million properties these days than your 10 years old calculation.
At the start where he said if you earn $90,000 you could have a $700,000 borrowing capacity? My understanding, when building a portfolio is that you should start with a tier one lender before you use tier two or tier three lenders ? Tier one Lenders have a debt to income ratio of 1:4. How could you execute the above strategy if you were on a $90,000 income but can only borrow $360,000 ? Thanks 🙏
Yep, you should've known better growing up in the prime time and you missed your opportunity. The next generation is completely screwed and have virtually no hope unless their inheritance comes in.
You cannot even tell us how long you been doing this , you said 10 , 13 and 15 years . What is the truth ? No commerical big bank will not give a loan of 90 percent .
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@KelvinFabio-u2t However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
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Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments How you diversify your investment portfolio matters.,
Thanks Eddie for your present station, it answered all my questions, I got 3 Properties at WA, and I think I’ll buy more, thanks for your vedeo.
Amazing strategy and very useful. Very informative. I guess ,I will start following for direction .
Great video Eddie , I love these types of vids
I agree with that strategy but when you add buyers agents fee it slows the timeline down a bit. But similar goals are definitely still achievable
I understand the growth in the last 3 years has also been because of COVID-19 and many incentives banks and governments created, which I guess explains also why so much growth in the previous 3 years, but the next 5 may be different if you look at the global economy. Even that, better be in than out. 😅 Great video Eddie.
easy, buy before crisis, sell after crisis and keep the cash positive ones permanently, made a networth of 2million after covid and only got 530k debt now
Thanks Eddie
Vinish baby .. how are u
Interesting video. Does this apply only to Australian and not foreigners?
Thanks for sharing
Looks like everyone is trying to get into Perth currently. A look on real estate is 9/10 properties are under offer.
U were early if U bought last year
Love your work Eddie. Will chat in fue months 😊
Ready when you are!
Great video, but I’m confused on the last bit, how do you take your 1mil of equity and use it to buy like a nice car or something, do you have to sell all the houses?
Great video, thanks for sharing.
If from 100K in saving to 1 million under 5 years, than from 1 million in saving to 10 million. Can it be? How can I get information where to buy?
what about the interest rates right now, and the capital growth on an inflated market? i want to buy now but they say next year or 2025 could be better as it's the worst bubble in history.
I have a question. I have been seeing this alot and I'm struggling to understand.
So you borrow 240K from the bank and you put a deposit then pay the seller. The money is gone. My question is how do you buy another while you still have a loan? Even if you refinance you will be short to pay the seller. Will the bank give you another loan?
It's like this thing of getting maybe 2million then you split it into 5 properties. How will the sellers get the full amount on those properties?
I'm sorry I'm slow but i want to understand this so i can start
I think that when you refinance you can use the difference to put as a deposit on a new property. Not sure exactly if you can cash it out or transfer it directly to the new loan.
Do you buy them in trusts?
Why would you want to do that?
Eddie portfolio consists of buying in personal name, joint names, companies, trusts, SMSF, etc. However he stuck to personal/joint names for a while before diving into the other structures
@@eddiedilleen_ Why not keep them all in his own name?
because if you ever get sued the courts will make you sell them all to pay of the court case, its why many people do things in trusts or business names@@gothops2632
@@gothops2632borrowing limit. trusts have more benefits
Can you do all of this on 75k a year
When and how do you go about paying off the loans ?
The tenants and ATO pay off your loans for you….
Dont pay them off
The key is you don’t pay them off, save deposit for the next property
@@Paul_Middleton yeah but eventually you want to pay them off, you can’t just have a lot of debt forever
@@jesseturner1533 at some point you can consolidate your portfolio getting out of debt and keeping the best cashflowing properties to fund your lifestyle
The numbers have to be changed. That’s 10 years ago that you have experienced.
There is no property under 300k in a good location.
The minimum property nowadays around 300k at least.
so it is not possible refer to your calculations.
I have tried to follow your calculation. after that, I realized that The numbers should be changed for 2024 version.
To get a 300k property, your wage per year should be more than 80k including your wife or partner and at least you have 40000 dollars on your saving as a starter base in 2024.
so it takes more time and deposit to get become a million properties these days than your 10 years old calculation.
Unit and apartment are not making money, the price will drop in the future, as same as Sydney, people lost money un Sydney, as well as me
At the start where he said if you earn $90,000 you could have a $700,000 borrowing capacity?
My understanding, when building a portfolio is that you should start with a tier one lender before you use tier two or tier three lenders ?
Tier one Lenders have a debt to income ratio of 1:4.
How could you execute the above strategy if you were on a $90,000 income but can only borrow $360,000 ?
Thanks 🙏
You forgot to factor in the investment property’s income on top
I need you
What if your on 1.3M aged 58.Too old too late
Yep, you should've known better growing up in the prime time and you missed your opportunity. The next generation is completely screwed and have virtually no hope unless their inheritance comes in.
You cannot even tell us how long you been doing this , you said 10 , 13 and 15 years . What is the truth ? No commerical big bank will not give a loan of 90 percent .
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@KelvinFabio-u2t However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@KelvinFabio-u2t Clementina Abate Russo is her name
Lookup with her name on the webpage.
@KelvinFabio-u2t You are welcome
Epic buddy , I'll email you you've been emailing me , maybe it's time?
100% send us an email, would love to help!