Funny how people that have done nothing are the most sceptical when listening to your story, and people who achieved something similar are the most inspired by your video. Well done Luke!
Inspiring stuff! We all know in Australasia that saving or side hustling makes next to nothing, but the only way is to transfer paper wealth through improvements on one to buy more and more property. But huge downturn here in Nz a couple years ago just when everyone brought into the Fomo and worry property only ever goes up - places across the whole Nz dropped 20% unless they were areas that never increased in value prior e.g. Southland. Many buyers were mum and dad investors where the salaries didnt match the borrowings or buying their 20 yr old kids $1M properties. Nz had basically same circumstances we are seeing in Aus now and there is definitely a debt ceiling so to speak before property starts falling. If your portfolio is >40% real equity you''ll be all good. But seen many cases where in Nz young people traded up $1M to buy a better house or property portfolios with like 10-20% equity up to $1M being entirely wiped out as those prices a couple years ago were on paper prices but not what properties would sell for if need be
@@Josh-vc8lr Something like 40-50% of his portfolio is acquisition in the last month or so, in addition to over-inflating his property values. Time will tell Josh-vc8lr. Time will tell.. just looking out for people so they understand that overleveraging has huge consequences. Pops was a ceo in nz, he thought against people who borrowed more than 500k a few years ago... look where they are now in the negative
G'day Luke, congrats on what you have achieved so far, and yes, glory to God for all He does to assist your path. From one successful Christian property investor to another, I hope all continues to go well with your journey, and stay humble along the way. If you're ever interested in coming to Adelaide hit me up, happy to have you over for a good property chat!
How do you buy a 800k asset with only 66k cash? after expenses (you wouldn't have stump duty exemptions at that price point) you are only left with 3% of the property value, not even the minimum required of 5%. Any hints? Did you get family security guarantee?
@Ykssssss346 it's super tough with young kids. I've got two boys under 3, so I know what you mean haha. Biggest think is to take small steps everyday towards that next property goal. Mortgage brokers are key as well as cash buffers to manage risk.
GOD? I don't see GOD anywhere in your success bro. Its all you and Emily. Don't give accolades to an entity that cant be proven. You did all the hard work. YOU did everything. Youi and You only deserve all the accolades
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Funny how people that have done nothing are the most sceptical when listening to your story, and people who achieved something similar are the most inspired by your video.
Well done Luke!
Inspiring stuff! We all know in Australasia that saving or side hustling makes next to nothing, but the only way is to transfer paper wealth through improvements on one to buy more and more property. But huge downturn here in Nz a couple years ago just when everyone brought into the Fomo and worry property only ever goes up - places across the whole Nz dropped 20% unless they were areas that never increased in value prior e.g. Southland. Many buyers were mum and dad investors where the salaries didnt match the borrowings or buying their 20 yr old kids $1M properties. Nz had basically same circumstances we are seeing in Aus now and there is definitely a debt ceiling so to speak before property starts falling. If your portfolio is >40% real equity you''ll be all good. But seen many cases where in Nz young people traded up $1M to buy a better house or property portfolios with like 10-20% equity up to $1M being entirely wiped out as those prices a couple years ago were on paper prices but not what properties would sell for if need be
@@Josh-vc8lr Something like 40-50% of his portfolio is acquisition in the last month or so, in addition to over-inflating his property values. Time will tell Josh-vc8lr. Time will tell.. just looking out for people so they understand that overleveraging has huge consequences. Pops was a ceo in nz, he thought against people who borrowed more than 500k a few years ago... look where they are now in the negative
Congrats on all that you have accomplished! Risk vs reward has paid off
G'day Luke, congrats on what you have achieved so far, and yes, glory to God for all He does to assist your path. From one successful Christian property investor to another, I hope all continues to go well with your journey, and stay humble along the way. If you're ever interested in coming to Adelaide hit me up, happy to have you over for a good property chat!
Loving these Luke. You are truly inspiring!
Thanks so much!
Fortune favours the bold! Well done Luke.
And your wife well done!
@@Ben-zv7ph thanks Ben!
Well done. You deserve a big celebration for your 30s birthday 🎉 Happy birthday 🎂
@@jackyang7949 cheers Jack 🍻 👏
Yeah we call it take away, not take out....in Oz 👍
Thanks Luke for your videos. As an investor not as far along your videos are really helpful. Looking forward to your Christian videos. God is amazing.
Nope, your financial institutions own about $6million of that 😅 and that’s being generous.
Lol its about $4m
@@lukewiles1 Congratulations, you made money from the Covid bubble.. don’t mislead people
How do you buy a 800k asset with only 66k cash? after expenses (you wouldn't have stump duty exemptions at that price point) you are only left with 3% of the property value, not even the minimum required of 5%. Any hints? Did you get family security guarantee?
Surely you need to name the broker so others don't get burned like that
@@U.s.e.r.3493 Hunter Galloway
Go you, that channel has bad vibes
What about tips for young family having kids? Would love to hear that too 😂 trying to get some encouragement lol
@Ykssssss346 it's super tough with young kids. I've got two boys under 3, so I know what you mean haha. Biggest think is to take small steps everyday towards that next property goal. Mortgage brokers are key as well as cash buffers to manage risk.
Interested in your portfolio's D/E ratio?
50%
10 years of bull market on real estate, hopefully, it continues.
GOD? I don't see GOD anywhere in your success bro. Its all you and Emily. Don't give accolades to an entity that cant be proven. You did all the hard work. YOU did everything. Youi and You only deserve all the accolades
@@chookie131 All glory to Jesus ! I give thanks to God for everything.
@@lukewiles1 that’s sad bro. Give thanks to yourself. You should
Be very proud
@@lukewiles1Awesome mate ❤, thats the same we do for everything we do be it small or big ❤
@@chookie131 I'm proud of myself! Both things can be true
Angus the real estate agent.....
That's my name!
@@lukewiles1 At least you are licensed !
A Christian muso entrepreneur ?
Listen to this man!!!
Love ya work Luke and crew
Looking forward to the podcast