Use Debt Like The RICH! (Secrets) | Whiteboard Finance
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- Опубликовано: 14 окт 2024
- Let's use my whiteboard to break down how the rich get richer with debt and leverage when it comes to real estate investing. I'll share with you my investing plans and why I love debt more today than ever before! Let's dive in.
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Email me: Ravi@searchpropertyau.com.au
Can you please talk more about when you use equity for buying the next property. For eg you use 100% equity to purchase the next home, that one will be well and truely negatively geared due to the mortage repayments being much more than the rental income you'd receive to cover the costs of the loan. Thanks
From an investor with multiple properties very well explained..well done Ravi
It really depends on when u enter the property market, buying in at peak of market your Y2 could easily be down 10-20% this year. Can’t always assume it’s always appreciating, that case is only when we buy/ invest below market value 😊
Love your work and you a definitely a legend for explaining it all !!!$$$ IDEAs MAN
Thank you! Glad you like them 🙏
Where are you getting good quality property that is positively or neutrally geared with decent capital growth for this strategy to work lol?
In major regional centres
6:00 Minute mark: So the property over 30 years will increase by 7% a years compounded, while wage growth will be around 3.5% to 4% at best?
Now this has indeed come close to happening over the past 40 years, so there's no reason why it wont continue for the next 40 years.
But I'm wondering how?
Based on mathematics.
Would be nice to see total cost of owner ship in videos.
Will property prices rise like they have over the past 40 years ?
What if your earning capacity will never be high enough?
Earning capillarity? Did you mean you don’t have a high paying job?
It's a valid question. Banks are risk averse and will use your annual salary, existing debts and lifestyle expenses as a measure of your capacity to service the mortgage. They take the worse case scenario and ask: if you have zero rental income, can you service the mortgage repayments on your current salary. This may be feasible for a single mortgage but if the question is applied to ability to service up to 5 mortgages, then unless you have a 6 figure income then it's doubtful the bank will loan the money. This has been my experience but the banks playbook may have changed so it's a valid question and one I'm interested in also.
Another 10/10 video mate!
Any advice removing a part IX debt from 7 years ago??
I can definitely buy all five properties if I add extra 00s in my account
Great video mate
He meant $15.5 mil @9:53
Thanks for the information Ravi, love your videos. We just bought our second house and will definitely use your strategy service when we have enough deposit for the third 😊
debt is good just don't over leverage pls i lost everything
Most of the really rich got rich by starting a business.
Correct, then they park their money in real estate once they’ve made their fortune.
Working 9-5 for 60 years = slow lane to wealth
Real estate investing = middle lane to wealth (retire 10-20 years earlier)
Business = fast lane to wealth (retire in 5-10 years or faster depending on success)
Ravi knows this which is why he’s started with real estate and then has now started his business with the buyers agency. Smart man.
@@nathanvergotis Indeed, I'm on the slow way to the pension!
Ravi has done well.