Hi there. You didn't talk about trust strategy in order to acquire more properties. This is where i has a major gap in my knowledge but couldn't proceed with any investments until it was sorted
Great video Luke! I have a question - I am going to purchase my first property later this year (Aug/Sep) I have almost 200k savings but wanting to put only 100-120kish down on first one. That will leave me with a bit of money leftover. (80-100k but still aggressively saving more each month) Would you suggest going straight into the second property, or spend a bit of time trying to pay down the first house. Then, a bit later, use the equity from that house to purchase the second?
Hey Luke, i like the sound of the BRRR strategy, and am looking to get into the market soon. Tax question: if we buy and occupy an 'ugly duckling' of a house, and renovate while occupying, how do those renovations get deducted? If it was a pure investment property, the costs would reduce taxable income, but my understanding is that if it is a home, those expenses aren't considered as investments, and so the costs couldn't be deducted? There would be depreciation down the road once renting out, but nothing to ease upfront costs?
thanks Luke! you posted really good videos recently. it’s not only relevant for Brisbane area. from Buyers Agent Institute approached me. they want me to take up their buyer’s agent course. has anyone heard of it? what do you think Luke and everyone?
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree-it can withstand storms and still grow strong
I can only speak from my experience when I advise seeking professional advice. It looks like a smart bet if you don't know where to get an experienced one, but if you don't know anything about the market.
I'd be interested to see how many 23-25 year olds that are able to buy into the Market considering how bananas property has become over the past 4 years
How many average 23-25 year olds will be able to get finance for a $500k+ Mortgage? Excluding all the exceptions and those who have access to the bank of mom & dad for $100K+ I think these number will be slim very slim for the norm, Unless you had a couple at that age that are both tradies or Fifo. @@billybob1511
I am 21 now but brought my house when I was 19 on the Sunshine Coast near Bris. Definitely possible if you can find a property that supplies a good stream of income. For me that was a duplex which I rent out rooms individually to other uni students.
i think airbnb should be S if used correctly, ill explain why, I bought a dual key apartment (brand new, utilising depreciation), for those who dont know what a dual key is, its two properties under the one title. by renting out my 2bed unit, and studio unit separately in south brisbane, i make 85K pa, this is while i only deal with the communication of guests while paying 12k in cleaning fees remotely. of course due to the nature of airbnb, expenses are high, so my net profit is roughly 45k. long story short, if you can maximise how many income streams you can earn, limit your expenses and manage it at arms reach, it can be highly profitable, dual keys are gold for airbnb
Great video! Commercial investing is something I'd like to do in my property journey.. a small takeaway place e.g fish & chips is where I'd like to start 😊 also I'm not sure if it's a thing over here in Aus but finding organisations that operate council/emergency housing etc is something I'd like to look into.. in the UK you can rent out your property for a flat fee and have guaranteed rent for a set time e.g 2 years+, no tenant issues and no maintenance costs etc... if you know of any organisations that deal with this kind of thing please let me know 😊
The strategies presented here are not necessarily mutually exclusive though. So you can buy and hold long term, add some sweat equity along the way and then subdivide/develop down the track.
Thanks for the great content, how do you get the banks to loan you the money for an average family with service ability on multiple houses? we have two good incomes, no bad debt and even with using the equity for a deposit we still find it hard to get the banks to loan us more money, unless you earn over 250k a year buying multiple houses seems very difficult.
Respectfully, I disagree with Brrr in S tier, the amount you use for Reno is enough downpanyment for your next property, and less headache, just buy the next property if you have the money and serviceability
Hey! 🫒🥞🧄 RUclips recommended one of your videos, and I must say, you post awesome stuff. I love it, and I want to see you on top! By the way, I was wondering if you or your friends need a video editor or thumbnail designer. I am Mohan, a professional video editor and thumbnail designer with 4.5 years of experience in creating engaging and high-quality videos and thumbnails for RUclips. If not, please reply with "NO" and I will remove you from my follow-up list. Keep creating amazing content! Best regards, Mohan
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Hi there. You didn't talk about trust strategy in order to acquire more properties. This is where i has a major gap in my knowledge but couldn't proceed with any investments until it was sorted
Great video Luke! I have a question - I am going to purchase my first property later this year (Aug/Sep)
I have almost 200k savings but wanting to put only 100-120kish down on first one.
That will leave me with a bit of money leftover. (80-100k but still aggressively saving more each month)
Would you suggest going straight into the second property, or spend a bit of time trying to pay down the first house. Then, a bit later, use the equity from that house to purchase the second?
Hey Luke, i like the sound of the BRRR strategy, and am looking to get into the market soon. Tax question: if we buy and occupy an 'ugly duckling' of a house, and renovate while occupying, how do those renovations get deducted?
If it was a pure investment property, the costs would reduce taxable income, but my understanding is that if it is a home, those expenses aren't considered as investments, and so the costs couldn't be deducted? There would be depreciation down the road once renting out, but nothing to ease upfront costs?
thanks Luke! you posted really good videos recently. it’s not only relevant for Brisbane area.
from Buyers Agent Institute approached me. they want me to take up their buyer’s agent course. has anyone heard of it? what do you think Luke and everyone?
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree-it can withstand storms and still grow strong
I can only speak from my experience when I advise seeking professional advice. It looks like a smart bet if you don't know where to get an experienced one, but if you don't know anything about the market.
I'd be interested to see how many 23-25 year olds that are able to buy into the Market considering how bananas property has become over the past 4 years
Still opportunities around 500k+ for HOUSES in Brisbane region.
How many average 23-25 year olds will be able to get finance for a $500k+ Mortgage?
Excluding all the exceptions and those who have access to the bank of mom & dad for $100K+
I think these number will be slim very slim for the norm, Unless you had a couple at that age that are both tradies or Fifo.
@@billybob1511
Not on the northside though, unless youre looking in caboolture/morayfield. But growth there will be minimal @@billybob1511
I am 21 now but brought my house when I was 19 on the Sunshine Coast near Bris. Definitely possible if you can find a property that supplies a good stream of income. For me that was a duplex which I rent out rooms individually to other uni students.
1. Buy regional
2. Rent and invest (rent vest)
3. Buy with other family members or friends
4. Stop complaining
i think airbnb should be S if used correctly, ill explain why, I bought a dual key apartment (brand new, utilising depreciation), for those who dont know what a dual key is, its two properties under the one title. by renting out my 2bed unit, and studio unit separately in south brisbane, i make 85K pa, this is while i only deal with the communication of guests while paying 12k in cleaning fees remotely. of course due to the nature of airbnb, expenses are high, so my net profit is roughly 45k. long story short, if you can maximise how many income streams you can earn, limit your expenses and manage it at arms reach, it can be highly profitable, dual keys are gold for airbnb
Had the BCC hit you for double rates running the other property as a AirBnB? If they haven't proceed with caution.
Brisbane One?
Great video! Commercial investing is something I'd like to do in my property journey.. a small takeaway place e.g fish & chips is where I'd like to start 😊 also I'm not sure if it's a thing over here in Aus but finding organisations that operate council/emergency housing etc is something I'd like to look into.. in the UK you can rent out your property for a flat fee and have guaranteed rent for a set time e.g 2 years+, no tenant issues and no maintenance costs etc... if you know of any organisations that deal with this kind of thing please let me know 😊
awesome info & video👍
@ssingh8166 thanks mate 👍
The strategies presented here are not necessarily mutually exclusive though.
So you can buy and hold long term, add some sweat equity along the way and then subdivide/develop down the track.
11:10
Thanks for the great content, how do you get the banks to loan you the money for an average family with service ability on multiple houses? we have two good incomes, no bad debt and even with using the equity for a deposit we still find it hard to get the banks to loan us more money, unless you earn over 250k a year buying multiple houses seems very difficult.
Depends on your existing level of debt, Typically using tax breaks and the rental income from the aquired property.
I know nothing about trading/ Investing and I'm keen on getting started . What are some strategies to get started with ?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Linda Parker
This is correct, Linda Parker strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Linda is considered a key Crypto Strategist with one of the best copy Trading portfolio and also very active in the cryptocurrency space.
Isn't that the same Linda Parker that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
Respectfully, I disagree with Brrr in S tier, the amount you use for Reno is enough downpanyment for your next property, and less headache, just buy the next property if you have the money and serviceability
"absolute clangers" XD
Hey! 🫒🥞🧄
RUclips recommended one of your videos, and I must say, you post awesome stuff. I love it, and I want to see you on top!
By the way, I was wondering if you or your friends need a video editor or thumbnail designer.
I am Mohan, a professional video editor and thumbnail designer with 4.5 years of experience in creating engaging and high-quality videos and thumbnails for RUclips.
If not, please reply with "NO" and I will remove you from my follow-up list.
Keep creating amazing content!
Best regards,
Mohan