How to Buy 10 Properties in 3 Years With Only 100k 

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@AnnelieseGretel That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@Oliver-Lucas My advisor is Alice Marie Coraggio;

You can look her up online

@WilliamEthan00 Nah I Can't say I can relate, Alice Marie Coraggio charge is one-off and pretty reasonable when compared to what I benefit in returns...

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

You trade with Katherine Storch too? Wow that woman has been a blessing to me and my family.

I'm new at this, please how can I reach her?

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.

Poor you with your two properties. My heart goes out to you.

I understand your feeling, I love properties , but can’t get any more loans

It's important to be flexible and adaptable in business, especially when unexpected changes occur. In this case, it would be wise to reassess the plan and make adjustments to account for the increased rate rises and potential impact on cash flow.

The rates are always going to change. Don’t let that stop you from making your money.

Need to have the budget for the cases and I think if interest rate is about 3%, you should lock it to fix rate

Exactly

I think this is applicable in theory only. If not everyone would be using this method to be "guarantreed" rich within a short time.

This method is basically out the window now mortgage rates have gone up, best way to make this work is wait for the inevitable slump/crash in house prices and get in then and hope the boe has to drop rates right back down due to the destruction they cause in the economy by trying to fight inflation.

This is precisely my question

@@krishnatrivedi3676 Notice how no one ever answers it lmao

Positive gearing ?

You don’t need 200k a year if it’s positive geared

No, not the way banks assess rental income and the timeline you need to meet their requirements. Banks assess rental income at 70% or 80% of net, and to then get a property to 20% yield on debt you're waiting for a few years. So this doesn't answer the question of buying 10 properties in 3 years. Even if they all make $500 a month net profit, the bank won't loan you anything beyond your first 3 or 4, simply because the way they assess you will actually be running at a loss, because they're hyper conservative. You would need something like 60% LVR across your entire portfolio for your rental income to even come out neutral based on a banks assessment model. Unless you're coming in with huge deposits, you're not getting to 60%LVR inside 3 years on even 1 property. So it doesn't make sense that you can buy 10 in 3 years unless you're solving that borrowing capacity problem. I've bought 2 properties, with a total portfolio value of around $1mil, in 3 years, and I have an average LVR today of 70%-75%. And that was in the extreme conditions of Covid during that huge growth period. Both my properties are also positively geared by about $500 a month each. In normal circumstances, that ain't happening. I appreciate the reply, but it's incorrect haha. Do you have rental properties? This is something you would know if you do..

I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free and live comfortably

Talking about crypt0 I'm new to this crypt0 trading, how do I get started with a professional expert

Any specific guide

Eddie's figures used in the video includes associated costs like stamp duty, legal fees, LMI, etc.

@@eddiedilleen_ Do they include how much someone would be underwater haemorrhaging cash right now if they did it?

I know. Anything is great on paper but in reality it only works for 1-5% of people.

Hello Jax dier, how are you doing?

Yes they do. Done it 25 times

lol. He clearly said that he had to save about 20 genuine deposits. He is using equity and savings.

​20 genuine deposits in todays money would amount to roughly 2 million dollars. Average Joe's are not saving that amount in their lifetimes.

@@Will-yr3zt oh stop it. Deposits range from 5 to 20 percent of purchase price. 5k to 60k just like he said in this video. Please use logic and math before rattling off false information. If you make 40k at one job and 20k at the other it would take roughly 3 months to 2 years by yourself. With a significant other it would take way less time. Oh. And there is deposit assistance programs that will just give you 10k to 40k. Then there is NACA that will give you a mortgage for a quadplex with no money down at all with a less than market rate interest rate. If there’s a will then there is a way. Not trying to be rude, but people that think like you water a lifetime wishing you could out even becoming bitter over the years. Just know you can and find a way.

The more cash flowing properties you get, the more your income increases. Even with the first multifamily property, banks consider you potential rental income as income for approval purposes.

Thanks Vito! Almost at 50 properties now :)

With the re-evaluation, I would assume that the debt would not really increase relatively?

the new loans should be covered by tenants if you do your numbers right and are positive or neutral geared. All investment properties ideally should be on Interest only for 5 year periods to start. That reduces costs and increases cashflow while building equity.

yes but still with interest only aren’t positive cashflow. Very rare or everyone would be doing it

Hello squallzie, how are you doing?

Your right, his strategy is not feasible. He saying as if the bank will lend you all the money with income even under $50,000 a year @@. You must be earning more than at least $300,000 a year to adopt his strategy

this strategy is usually for well of people, especially in times of high interest rates

He really doesn’t address it. Once they start with property 5 they have like $2m debt and no explanation as to how you borrow more

@@jrtpaul man that's it exactly, there just isn't enough income from a standard couple for 2m in debt even with a few rentals all cash flow positive

True

Well, he did say in the video that he worked 2-3 jobs, maybe that’s how he can borrow more?

Yep you’re gonna have very low equity in every property (risky when things turn) and assuming you’ll buy 10 consecutive properties for 10% ‘under market value’ in a row is easier said than done This strategy can be done but the above example is using very favourable circumstances across the board

That's where he's saying to live frugally, extra jobs and grind it out.. You still have to pay regardless..

Dont forget the tax return you can get from your day to day job, because you invested in bussiness gov pays back your tax..

Yeah you are fcked when you cant pay. Goodbye the deposit, as long as this guy got his cash form the bs seminar or whatever he's selling

Hi there, we are still buying properties for as little as 200k - 250k in the current market. You just have to know where to look + it helps getting access to urgent sales that are typically discounted already!

You can't go wrong with real estate in Sydney

Find someone dodgy to do you re revaluation submit this to 2nd tier lender and buy another property

Hey Ryan, it certainly is still possible in today's market. We are currently sourcing between 200k - 700k. You can check out our instagram/fb for some of our property purchase examples if you like :) For more info on what we do you can email my team here: admin@dilleenpg.com

Hello N M, how are you doing?

10km - 40km radius from the CBD - also in Perth too, we can pick up deals from 200k - 700k

Any respond Dilleen??? Try to avoid up to date real issue ???

Hey! We have a video going out tomorrow where Eddie addresses the interest rates increase, keep an eye out for that :)

10% deposit of 30k + the associated expenses around 20k = 50k total :)

We have a video on this: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hUoPP2ozKUs.html :)

Hello Hannah M, how are you doing?

There are still properties for around 300k in Brisbane and Adelaide. We get them off-market and below market value which helps :)

Keeping them long term to take advantage of the compound growth affect. Equity gain is through buying below market value and the property increasing in value over time. This can be released and used toward another property purchase :)

Justin Picker is our recommended Mortgage Broker, you can make an inquiry using this website: www.pickerfs.com.au/contact/

Hello Siva Charan, how are you doing?

Sounds like you're in a good position! Would recommend giving us a call to assess your options and find out your borrowing capacity. 1300 833 118

Hey Sharon, sounds good! Please send us an email on admin@dilleenpg.com to get the ball rolling :)

Hello Sharon, how are you doing?

What happens is for next property bank considers rent as your income That is why if you are low earner first 2 property should be positive cash flow The problem usually start from property 2 onward as banks considerc%80 of rent as income oppose to payg which is %100

we are finding properties in this range around Perth, Brisbane, and Adelaide in Metro areas about 10km - 40km to the CBD

Hi James, We find plenty of properties around the 300k mark in metro Brisbane that are of good quality and low maintenance, additionally the rental yields are strong - minimum 5%. If you'd like to see this, check out our instagram for example of properties we help clients purchase :)

Hello Alexander Mcpherson, how are you doing?

They have an extensive library of articles and videos on personal finance and investing topics. They also offer live webinars and Q&A sessions with financial experts. And of course, there's the community forum where members can ask questions, share their experiences, and learn from each other

Wow, that sounds like exactly what I need. I've always felt intimidated by the world of investing, but having a supportive community to learn from would definitely make it less daunting. How do I join?

You just explained why Chinese and Vietnamese own so much property. Regardless of the relationship with family they always pull together to buy into a property or business, Aussies aren't as resourceful and are lazy and spoilt , to further confirm my statement you will hear Aussies complain about Asians buying all the properties but fail to admit that the obvious reason for this is that they work hard and save and band together because generational wealth is paramount for the longevity of the family generations to come , they do it legitimately and legally most the time too. The first gen of the Family knows and accepts the honour of dedicating their lives to work and gaining wealth so their following family members don't have to suffer,

You're stupid if you think these clowns know what they're talking about. Wait and see... things are turning as I advised years ago.

Yes, the strategy we follow is by obtaining properties that are below market value, with strong rental returns, and growth locations in metro capital city areas. We focus on yields in the current market between 5% - 9% so most of the time this will be neutral, slightly positive, or worst case slightly negative - but manageable. The goal is to have the property servicing itself :)

Growth locations now are 160k deposit for 20% minimum

Just an example, either could be used. Duplexes tend to have higher cash flow though

QLD, WA, SA metro areas close to the CBD have properties around the 300k mark, we personally buy off market so they are at discounted prices. Happy to provide more info to you, just email us on admin@dilleenpg.com :)

Yes of course, this definitely comes into it.

😂😂😂

Comedy bro 😂

Its impossible

Hello peemun4545, how are you doing?

Will you still be able to buy that many with the new homes

Eddie personally wouldn't go with new builds or off the plan properties for many different reasons. One of those reasons being that they are way over-priced and can hold you back majorly from building a property portfolio. We've had many people come to us about their new build/off-the-plan purchases with big regrets unfortunately and finding issues with being able to purchase more property. Email us if you have any questions at all, we'd love to help! - admin@dilleenpg.com

Hello Hassan osseili, how are you doing?

Hello AussieMe, how are you doing?

Depends on your income. Eddie started on a low salary so needed to pick up more work to increase that

Hello Jenice Moran, how are you doing?

Hey Francis, Eddie recently made a video about land tax changes, take a look here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RQ1gWcc3Ups.html

Hi there, Thanks for reaching out! Eddie has an online guided course where he shares all his knowledge, mindset and guidance. This resource is the closest thing Eddie offers to mentoring/coaching. If you'd like to check it out, here's the link: dilleenproperty1.podia.com/invest-in-yourself-course

@@eddiedilleen_ Thank you so much for the reply Eddie.

This strategy can still be applied in todays market yes. However properties with positive cash flow can be more difficult to come by, they may be slight positive, neutral or slightly negative geared. The main point to focus on is buying below market value :)

Hey there! You can find the market value by looking at comparable sales in the area, doing bank valuations/different types of valuations, etc. In terms of cash flow, this can vary depending on many things, but you'd want to aim for a good rental yield of 5% - 9%. And for growth metro markets we are looking in Brisbane, Adelaide & Perth markets about 10km - 40km from the CBD. Hope this helps! If you'd like some more information on how we can help you, please email us at: admin@dilleenpg.com

Yes!

@@eddiedilleen_ I have one more question, I’m about to buy my first property with first home buyers guarantee. Would it be more wise to get the most expensive property I can, considering I won’t have to pay stamp duty / LMI or buy something cheaper that will have positive cash flow? I’m thinking cash flow but would like to hear it from someone with experience. Thanks

Good to diversify between Townhouses, Units, Duplexes and Houses. It comes down to the number at the end of the day when choosing a good property deal, not so much the property type.

Buying below market value. So the property has a value of 300k but is purchased for 270k, this how we purchase all of our properties as the instant equity upflift is important. Happy to provide more info if you like, just email me on admin@dilleenpg.com :)