Base salary 100k, 3 rental properties income 50k. No debt. I approached the bank to borrow money to buy properties under my new investment company. They either wont let me borrow much or asking too much paper work. I end up invest in stock market and have 500k portfolio under company name. Still no debt. I find that invest in stock has less stress. I dont need to fix the properties. The company pay me dividend , share buyback as well. You loose money in stock market because you listen to someone else rather than you do your own research.
Banks would never want to lend money to me ever mid 80.s always say need more income had to start with old apartments but then your rent goes to strata
It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.
If you're in the market, now is the time to buy. Home prices are unlikely to decrease further, and if interest rates do decline in the future, refinancing is always an option.
In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.
That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success.
Thanks for sharing your thoughts. It’s true that the property market faces uncertainties, and rising mortgage rates can impact valuations and affordability. However, every market shift brings challenges and opportunities, so staying informed and adapting strategies is key for investors.
In Sydney, 1960s house price - 3k 1970s - 15k 1980s - 60k 1990s - 200k 2000s - 500k 2010 - 1mill 2020s 2.5-3mill We need to accept that prices dont go down in the long term. You waiting for a crash will just make you miss opportunities.
Congrats Ricky, genuinely inspired by all of your achievements over the last few years. Thank you for all that you’ve done for us young investors aswell 👏🏽👏🏽👏🏽
Well done for learning and following through on what not only drives you but what makes you happy. I can't wait to see your future videos. Ps. Thank you for talking Brisbane.
Loving this one! Took me 30minutes to remember this video when i was at the gym today. Ill be watching him when his back with double in the coming years!
This was a great story Ricky, I’ve been trying to find someone who has is paid a salary and doesn’t operate a business who has been able to grow a big portfolio; thanks for sharing and I am very happy for you that you were able to overcome all the difficult challenges in 2021. Your story has given me hope that you can build a good portfolio with an avg salary, it seems like the main driver was the yield
It seems grief struck Ricky during pandemic with his family cases. That really changed his habits and made him solid. Not everyone can be disciplined and driven like him. He is really an outlier and this behaviour is not replicable.
@@andreatauai9619 I'm old school. I only have facebook 😄. I dont use any other social platform. I also dont document my journey... if it wasnt for Duotax's ever charming Kim Quach reaching out to me, this interview wouldnt have happened 😄 I'm in a bunch of facebook property groups. If you join a few, you might bump into me.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some investors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
I'm guessing he's living in a city where the rent+expenses > mortgage payment, and he's cashflow positive for each property he buys. That was the case for me when I lived in Boston and Calgary, but no longer works in Vancouver.
Are we sure that Ricky hasn't just bought the bank 3.5million of property minus his deposit in 6 years? As a long term landlord and owner of multiple properties, I am just curious, because good on him for pushing hard and giving it a shot, but this must surely be a bit of a horrible financial situation to be in should anything happen.
@@Ryoka1 Good to hear. Stay safe, remember to no walk and not to sprint. You are already doing more than than around 75% of the population and you can afford to take time to be proud of yourself.
Im a single dad i got a ppor and 1 investment property. I got equity in them but I am stuck as i got limited borrowing capacity. I was told i need 100k to get to buying an IP again.
@@Ryoka1 yeah, my mortgage broker has already looked at first mac, liberty and pepper. They gave me a 300k+ more to borrow but my broker said i got to have deposit money
It will be tough for 2025, because you missed the better part of the biggest boom in recent history. But you dont need to think about the past. Think about today. What are you going to do today?
If this is in the states and you aren’t, it’s totally different. You can’t do this kind of portfolio in Australia, the lending laws simple don’t allow it.
@@Ryoka1no. You can not. Not in the way the video title suggests. It is misleading. Let’s say the average salary is 80k. Borrowing power on 80k with 1 dependants and zero expenses is about 400k at current IR. (HEM will always assess at a base level expenses with dependant). IP’s need about 12% yield before they don’t negatively impact your borrowing power, which is a pipe dream for most IPs. The video title tries to imply that the average Joe with kids can just keep borrowing money to buy more IPs if they’re cash flowing, which is not true at all, it’s much more nuanced. I’m not saying it’s not possible at all, I’m saying there is missing info. Other income streams, co-signed loans, private investors, other investments leveraged etc. it can be done, BUT not in the way the video title suggests. Its clickbait.
@@ProPatto16 Well, I did it 😊 I've actually provided my 2023 group cert to naysayers in the property groups I'm in. Haters gonna hate. While you spent your time trying to debunk me, I'm sitting on a preapproval for my #7.
Great interview and story shared by Ricky. My question is with your investment property portfolio, are you on interest only or are you on P&I to clear the debt ?
Hey @andreatauai9619, thanks for your feedback. Ricky doesn't have much of a social media presence. However, he does have FB! He runs a investors catch up group that you're welcome to follow. facebook.com/groups/970630513926097
@Ryoka1 inspirational story Ricky, I am a Buyer Agent in Bunbury mate, I totally agree with you, if you don't have a time then choose Buyer Agent and if you are willing to take a leap of faith do it yourself, by the way not all of us are that bad. If you need any local analysis of Southwest Region, Bunbury, Collie, Busselton, Albany, Margaret River or any inner towns in WA let me know, always happy to help. Best of luck with your property portfolio 😊
Is he rentvesting? You’d need to have zero credit card debt plus a lot of money in offset account to get approved. If not, anxiety will creep through in case of vacancies
Again, this is just a video about how to leverage yourself to buy property beyond your means because [the assumption is] it can only ever go up. Being $3m in debt isn't *necessarily* a bad thing, but it isn't necessarily a great idea either. You had better know exactly what you're doing because if anything takes a turn, you probably have little/no liquidity to save yourself.
@@Ryoka1 My portfolio is $2mill. and spread across the 2 houses is less than 40% LVR. I'm trying to pay down as quickly as possible as not comfortable with large debt if the economy tanks.
@@trythis2821 Most peolple are affraid of debt. It's normal. But the super successful billionaires all lean into good debt. It's no accident they became successful.
BNP inspectors evaluate buildings to ensure that they meet safety and compliance standards. Also, their insights are essential for keeping properties safe and up to code.
@@Ryoka1I know that, lol. Buying the first house I have heard is the hardest. That is my experience as well. Once have equity and proven track record of paying loan regularly is much easier to get finance. Congratulations on your property investing.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $3ok of my savings in st0cks this year, and I hope I make profits,..
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
I didnt do anything tricky or dodgy. I just did something. While my friends live life, go on holidays, buy nice shoes, handbags and gaming computers, i chose to live a quiet, frugal life. 3 yrs later, they have the nice car, handbags and shoes...and i have a few houses. Pick your path.
one of the best property investment videos i have seen in the recent past. love your attitude, Gents!
Glad you love it, we appreciate your support!
Awww. Thats kind of you. Glad I inspired 1 more person!
@@Ryoka1bro can you help me too for buying property
Thanks for this inspiring interview - learn about real estate and resilience ! Go Ricky! Great outcome and demonstration of wonderful attitude..
Base salary 100k, 3 rental properties income 50k. No debt. I approached the bank to borrow money to buy properties under my new investment company. They either wont let me borrow much or asking too much paper work. I end up invest in stock market and have 500k portfolio under company name. Still no debt. I find that invest in stock has less stress. I dont need to fix the properties. The company pay me dividend , share buyback as well. You loose money in stock market because you listen to someone else rather than you do your own research.
Thats what i said in my story. Thanks for repeating it!
Banks would never want to lend money to me ever mid 80.s always say need more income had to start with old apartments but then your rent goes to strata
Thank you for sharing your story Ricky! You are a very humble human being. I'm glad we met on this property journey.
Glad you listened to my story!
It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.
If you're in the market, now is the time to buy. Home prices are unlikely to decrease further, and if interest rates do decline in the future, refinancing is always an option.
In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.
That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success.
Thanks for sharing your thoughts. It’s true that the property market faces uncertainties, and rising mortgage rates can impact valuations and affordability. However, every market shift brings challenges and opportunities, so staying informed and adapting strategies is key for investors.
In Sydney,
1960s house price - 3k
1970s - 15k
1980s - 60k
1990s - 200k
2000s - 500k
2010 - 1mill
2020s 2.5-3mill
We need to accept that prices dont go down in the long term.
You waiting for a crash will just make you miss opportunities.
Really good video, Ricky sounds like a really good dude. Wishing him luck and success
Cheers, appreciate it!
Congrats Ricky, genuinely inspired by all of your achievements over the last few years. Thank you for all that you’ve done for us young investors aswell 👏🏽👏🏽👏🏽
Fancy seeing you here Samuil 😄
Well done for learning and following through on what not only drives you but what makes you happy. I can't wait to see your future videos.
Ps. Thank you for talking Brisbane.
Cheers man. Appreciate it!
Loving this one! Took me 30minutes to remember this video when i was at the gym today. Ill be watching him when his back with double in the coming years!
Happy to hear you enjoyed it! Amazing how certain videos leave a lasting impression.
Appreciate the kind words!
@@Ryoka1 I got alot of value on this one! starting up myself to get a few. (refer to channel) ahha. Hope to see how your timeline goes!
This was a great story Ricky, I’ve been trying to find someone who has is paid a salary and doesn’t operate a business who has been able to grow a big portfolio; thanks for sharing and I am very happy for you that you were able to overcome all the difficult challenges in 2021. Your story has given me hope that you can build a good portfolio with an avg salary, it seems like the main driver was the yield
I can do it, so you can do.
Just discovered your channel. Thank you for the content! This was an awesome story.. very likeable and humble character. Keep up the good work!
Thanks, Tommy! Glad you enjoyed our content. 😊
Kudos to Ricky... Good son and good dad!!!
My 2 main goals - to look after my daughter and mum&dad.
love your comments in other fb chat. love your story matey. amazing story
Doing my best!
Very Informative Video Thanks , appreciate the time and resources in providing an insight into property investment 🙏🏽
Thanks for watching. We’re glad you found it helpful 😊
Great video! It'd be nice for him to tell us how he financed his second and third properties besides on how to choose and hold properties.
Thanks, @muvluver2183. Great suggestion
The biggest factors to borrowing is increasing income and reducing liabilities.
Aim for high yield. Dont be affraid to use t3 lenders.
awesome video! thanks guys
Thanks! So glad you enjoyed it
It seems grief struck Ricky during pandemic with his family cases. That really changed his habits and made him solid. Not everyone can be disciplined and driven like him. He is really an outlier and this behaviour is not replicable.
Great point, he's definitely exceptional.
The right mindset can conquer most problems.
Well done Ricky!! Always love your memes on FB!! Great accomplishment and role model for your daughter mate!!
Appreciate the love!
@@Ryoka1 Hi, is this Ricky? and do you have a social media to share with us so we can follow your journey for more tips or if you pursue the BA path
@@andreatauai9619
I'm old school. I only have facebook 😄. I dont use any other social platform.
I also dont document my journey... if it wasnt for Duotax's ever charming Kim Quach reaching out to me, this interview wouldnt have happened 😄
I'm in a bunch of facebook property groups. If you join a few, you might bump into me.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some investors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
Can you share how can you service the loan of 3.5m portfolio with median single income? Thank you
I'm guessing he's living in a city where the rent+expenses > mortgage payment, and he's cashflow positive for each property he buys. That was the case for me when I lived in Boston and Calgary, but no longer works in Vancouver.
I didnt take a 3.5mill loan in 2024.
I bought in cool markets, so loans werent high...I also aim for high yield.
WELL DONE, DUDE!!!
Cheers man!
How are you finding these cash flow positive houses that are above normal yeild??
Are we sure that Ricky hasn't just bought the bank 3.5million of property minus his deposit in 6 years?
As a long term landlord and owner of multiple properties, I am just curious, because good on him for pushing hard and giving it a shot, but this must surely be a bit of a horrible financial situation to be in should anything happen.
Yup. Like the current interest rates.
Im not affraid of losing my job. The portfolio almost holds itself.
@@Ryoka1 Good to hear. Stay safe, remember to no walk and not to sprint.
You are already doing more than than around 75% of the population and you can afford to take time to be proud of yourself.
You should make a video about how he got $25k yearly depreciation tax deduction from owning rental properties?
Dont need a video, i can just tell you in 1 sentence. I bough new-ish properties with high depreciation.
@@Ryoka1 so, they don't need to be brand new. I guess less than 10 years old is good enough?
Im a single dad i got a ppor and 1 investment property. I got equity in them but I am stuck as i got limited borrowing capacity. I was told i need 100k to get to buying an IP again.
Try looking to t2/t3 lenders.
When big4 said no to me, firstmac said, "here's another 900k"
@@Ryoka1 yeah, my mortgage broker has already looked at first mac, liberty and pepper. They gave me a 300k+ more to borrow but my broker said i got to have deposit money
@@jughead18sp
You have equity.....thats your deposit.
Your broker sounds like a donkey. Change him/her.
@@Ryoka1 do you have someone to recommend?
@@jughead18spI used Wilson from Heroes Home loans. He was able to help me in the same situation as you.
Wonderful story! I wonder if this still achievable in a 2024/25 climate?
It will be tough for 2025, because you missed the better part of the biggest boom in recent history.
But you dont need to think about the past. Think about today. What are you going to do today?
@ today I’m going to cook a toasted cheese sandwich, I think!
Curious on structure snd serviceability.... Always the ceiling with shooting for the property stars
No secret, i aim for high yields
If this is in the states and you aren’t, it’s totally different.
You can’t do this kind of portfolio in Australia, the lending laws simple don’t allow it.
@@ProPatto16
Um... yes you can 😄
@@Ryoka1no. You can not. Not in the way the video title suggests. It is misleading.
Let’s say the average salary is 80k. Borrowing power on 80k with 1 dependants and zero expenses is about 400k at current IR. (HEM will always assess at a base level expenses with dependant).
IP’s need about 12% yield before they don’t negatively impact your borrowing power, which is a pipe dream for most IPs.
The video title tries to imply that the average Joe with kids can just keep borrowing money to buy more IPs if they’re cash flowing, which is not true at all, it’s much more nuanced.
I’m not saying it’s not possible at all, I’m saying there is missing info. Other income streams, co-signed loans, private investors, other investments leveraged etc. it can be done, BUT not in the way the video title suggests. Its clickbait.
@@ProPatto16
Well, I did it 😊
I've actually provided my 2023 group cert to naysayers in the property groups I'm in.
Haters gonna hate.
While you spent your time trying to debunk me, I'm sitting on a preapproval for my #7.
Great interview and story shared by Ricky. My question is with your investment property portfolio, are you on interest only or are you on P&I to clear the debt ?
Half n half, PI and IO.
Great video! does Ricky have social media where we can follow in case he does venture out into his own BA journey
Hey @andreatauai9619, thanks for your feedback. Ricky doesn't have much of a social media presence. However, he does have FB! He runs a investors catch up group that you're welcome to follow. facebook.com/groups/970630513926097
Great video and very interesting story. Thanks for sharing. 🏘️🏘️
So glad you enjoyed it 😊
Thanks!
@Ryoka1 inspirational story Ricky, I am a Buyer Agent in Bunbury mate, I totally agree with you, if you don't have a time then choose Buyer Agent and if you are willing to take a leap of faith do it yourself, by the way not all of us are that bad. If you need any local analysis of Southwest Region, Bunbury, Collie, Busselton, Albany, Margaret River or any inner towns in WA let me know, always happy to help. Best of luck with your property portfolio 😊
Why invest in housing? Any thoughts about social impacts?
Social impact? I created shelter to house 6 families.
Is he rentvesting?
You’d need to have zero credit card debt plus a lot of money in offset account to get approved. If not, anxiety will creep through in case of vacancies
Yes, rentvest.
Correct, i have no credit card.
Great video 👍👍
Glad you enjoyed the video
Cheers!
When Ricky mentioned Logan, immediate I know which BA he meant 😂
Who
who
Ykiyk
Well done Ricky! Glad to have met you, you're an inspiration
Glad to have had an impact!
Was Ricky using bank financing or alternatives. If others, who? Thanks.
Half n half
Again, this is just a video about how to leverage yourself to buy property beyond your means because [the assumption is] it can only ever go up. Being $3m in debt isn't *necessarily* a bad thing, but it isn't necessarily a great idea either. You had better know exactly what you're doing because if anything takes a turn, you probably have little/no liquidity to save yourself.
My portfolio is $3mill.
My LVR is closer to 50%.
@@Ryoka1 My portfolio is $2mill. and spread across the 2 houses is less than 40% LVR. I'm trying to pay down as quickly as possible as not comfortable with large debt if the economy tanks.
@@trythis2821
Most peolple are affraid of debt. It's normal.
But the super successful billionaires all lean into good debt. It's no accident they became successful.
Yeah Ricky you superstar dad!
Thats what parents do 😊
Australia housing market? Good luck!
I never used luck.
I used economics, mathematics, relationship building and data.
Inspiring
Appreciate it!
What is a BNP inspector?
BNP inspectors evaluate buildings to ensure that they meet safety and compliance standards. Also, their insights are essential for keeping properties safe and up to code.
Building & Pest is usually called bnp for short 😊
I do similar, however I got a divorce and only got to start 5 years ago...
Good on you!
While $3.5M sounds like a lot. Can easily spend that much on one house in Sydney. I'm not detracting just putting it in perspective.
I did it with 80k salary.
You wont be able buy a 3mill house in sydney on 80k salary.
@@Ryoka1I know that, lol. Buying the first house I have heard is the hardest. That is my experience as well. Once have equity and proven track record of paying loan regularly is much easier to get finance. Congratulations on your property investing.
Is renting part of your invest strategy?
Renting to live in instead of living in Ur own property..just to clarify.
Yes, rentvest
With help from overseas funds
me thinks
Nope. I'm just a regular aussie investor
Wht is his net worth?
Dude, that is like 1 property in Sydney....
And thats like 1/5 of a property in Dubai...whats your point?
just make sure your exwife stay away you lost it all
My divorce was 12 yrs ago, thats a non issue lol
Moron
@@Ryoka1question, wanna help a single father out with prop research? 😅
Prime example of an up coming market collapse
People have been crying market crash for about 30 yrs now....
Rich asian parents, the part they dont tell you.
Jealously is a curse
@@Ryoka1 Not Jealous, Just hate Greedy asians.
@@woobykal68
Jealous people usually do
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $3ok of my savings in st0cks this year, and I hope I make profits,..
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Thank you for sharing your experience! It's great to hear you're taking steps to invest and diversify.
Did you EARN it tho? Or did you aqire it through all the little rules designed for the weak generation?
I didnt do anything tricky or dodgy. I just did something.
While my friends live life, go on holidays, buy nice shoes, handbags and gaming computers, i chose to live a quiet, frugal life.
3 yrs later, they have the nice car, handbags and shoes...and i have a few houses.
Pick your path.
Ponzi scheme
I'm not selling anything....i dont work in real estate at all.