How To Buy Real Estate With No Money Down (Australian Property Market)

Подписаться 72 тыс.

Просмотров 49 тыс.

50% 1

I'll show you how you can use equity from real estate instead of a deposit to scale up a portfolio. Be sure to stick around as I share some advanced secrets that helped me grow my portfolio faster in my 20s! Let's dive in.
HOW CAN I HELP?
🇦🇺 My Buyer's Agency 👉 www.searchpropertyau.com.au
🇦🇺 Email me 👉 ravi@searchpropertyau.com.au
JOIN THE COMMUNITY
💡 Join Patreon Community 👉 bit.ly/Patreon-Ravi
🇦🇺 Join the Private FB group (FREE) 👉 / 361198781729010
FREE CRYPTO BONUSES
🇦🇺 Binance Australia - Buy Crypto + get ($100 USD) FREE Sign Up bonus 👉 tinyurl.com/binance-ravi (Referral Code) 👉 23612576
MY ONLINE COURSE
🇦🇺 Online Course - Australian Real Estate 👉 bit.ly/SP-OnlineCourse
🇦🇺 Book a Strategy Session with Ravi 👉 bit.ly/SP-Strategy
BEST BOOKS FOR 2022
The 4-Hour Workweek - amzn.to/3NZh3zt
Start With Why - amzn.to/3E09e7S
Rich Dad Poor Dad - amzn.to/3v6p9O5
Crushing It! - amzn.to/370BOKE
Bitcoin Billionaires - amzn.to/3jjIeaa
Atomic Habits - amzn.to/3E1ICnk
Everything is Figureoutable - amzn.to/35WsHtI
What If It Does Work Out? - amzn.to/3Kmrs65
The Almanack of Naval Ravikant - amzn.to/3jnzY93
FAKE: Fake Money, Fake Teachers, Fake Assets - amzn.to/3E1DeAn
Kindle Paperwhite - amzn.to/3v3Avm8
✔️RU-vid Collabs/Sponsorships 👉 personalfinancewithravi@gmail.com
⏰ MUST WATCH VIDEOS 👇
👉How To RETIRE EARLY in Australia - • How To RETIRE EARLY in...
👉How to make $100,000 passive income - • How many PROPERTIES do...
👉My Multi-Million Dollar Portfolio Revealed - • My Multi-Million Dolla...
👉 How much passive income I make? - • Passive Income Austral...
DISCLAIMER No Legal, Financial and Taxation advice
The Listener acknowledges, consents and agrees that:
• The Listener’s access to and viewing of the content presented on the Channel is subject to this
Disclaimer and you agree to be unconditionally bound by this Disclaimer.
• Any information provided by us is conveyed as general information and for general information,
educational or other non-advice related purposes only.
• We have not taken the Listeners’ personal and financial circumstances into account when providing
information.
• We must not and have not provided legal, financial, investment and/ or taxation advice,
recommendation, or guidance to the Listener.
• The information provided by us must be verified by the Listener or an independent professional
advisor including a legal, financial, taxation, accounting or other relevant advisor prior to the Listener
acting or relying on the information.
• The information may not be suitable or applicable to the Listener’s individual circumstances, needs,
objectives or financial situation.
• All information and content provided by us is given in good faith and has been derived from sources
believed to be accurate. However, the information is selective and may not be verified by us.
Information provided by us on this Channel may not be complete or accurate for your purposes and
we make no representation or warranty of any kind as to the accuracy or completeness of the
information provided. It is general information only and should not be relied upon for any purpose.
• We do not give any warranty of reliability or accuracy nor do we accept any responsibility arising in
any other way including by reason of negligence for, errors in, or omissions from, the information on
this Channel (whether under law, contracts, or torts) and we do not accept any liability for any
expenses, losses or damages, however caused, directly and/ or indirectly as a result of any person
relying on any information on this Channel or being unable to access this Channel. You expressly
agree that your browsing of this Channel is entirely at your own risk.
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations
Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have
not provided financial services to the Listener.
• You agree that Australian Law will govern this Disclaimer and the Channel. Any dispute arising out of, or in connection with the Channel will be subject to the exclusive jurisdiction and venue of the
federal and state courts within Australia.
passive income from property
Australian property investing
Australian property market update
interest rate changes
cashflow positive properties Australia

Опубликовано:

21 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 80

@PersonalFinancewithRaviSharma Год назад

HOW CAN I HELP? 🇦🇺 My Buyer's Agency 👉 www.searchpropertyau.com.au 🇦🇺 Email me 👉 ravi@searchpropertyau.com.au

@EMS01119 Год назад

What are your fees? Is it a percentage? You mentioned 12,000 for a 450k is that right?

@NekoEspada 8 месяцев назад

Sounds well and good, but make sure you have the money to do it. I've seen many of these video, one thing they always forget to mention is that taking out your equity to use as deposit means you have to take out another loan. And that loan is attached to the property you took the equity from, so your repayments are going to go up by a lot and if you can't make repayment, you could lose your property, so make sure you have the necessary funds to service all the mortgages.

@charloconnell8822 7 месяцев назад

So true. Nobody ever mentions that part…

@besssam 5 месяцев назад

Yes, also, they forget to mention that as you use your equity to burrow more in order to buy another property you could be building a house of cards. If for example you loose your income due to employer facing problems or due to injury or illness, then you might have to let go some or all these properties. you are now going to live cashflow poor as you are servicing all these debts for multiple properties. Also, for this approach to work, they will tell you to buy cashflow positive properties like Appartments in order to keep going with more properties. Understand the negatives before you take this route.

@louis-ls8bk 28 дней назад

good point

@smb7576 Год назад

i have personally found it best to borrow at 88% LVR as it offers the best balance between minimising what you need to put into the deal and what LMI you need to pay

@russellpaplauskas6379 Год назад

Great informative vid Ravi, could you please make your next video about asset debt reduction strategies and how to pay down these properties. Do the loans stay IO or do you transition each assets slowing into PI loans? How does this play out, cheers. Keep up the great work.

@zaam75 Год назад

I just love these stuff !! Bring on more nerdy stuff !! lol ! Thanks mate for sharing what you are best at !

@jaydonwheeler5167 Год назад

Thank you Ravi, love the content!

@DesignsByIFR Год назад

great video mate

@samjohnson4820 Год назад

Hi Ravi. Great vid as usual. Question for you: I get mixed feedback on purchasing a land and house package (new build off a plan) as an investment property. What are your thoughts? Cheers.

@doristan1748 10 месяцев назад

Thanks for vid, I learnt a lot. This strategy works if property prices keep rising forever. But we know that Australia property bubble is one big bubble & all bubbles burst at some point. Question is when? We might be close to the bubble bursting

@DIEGOARTESAO Год назад

I couldn’t wait to have a conversation with you and your team Ravi, definitely when I become able I will reach out you guys.

@PersonalFinancewithRaviSharma Год назад

Looking forward to it 🙏

@annes2144 Год назад

This is interesting! And great information

@singh9440 Год назад

Surely serviceability will become an issue before you can expand beyond 2 or 3 properties?

@nasirakolawala1398 Год назад

Which bank allow to redraw equity up to 90% ? There is no LMI calculation in your working ? Am I missing something

@mehmetakifalakurt249 Год назад

I'm also wondering the same issue...

@falak1340 Год назад

Where is the LMI cost in both first and second property purchases? And who said property prices will always go up? What about borrowing capacity? Not every person can service a million $ debt on I/O repayments.

@MMVTW 8 месяцев назад

How do you deal with Interest only repayments actually costing more than principal and interest at the moment? Also I don't get how you are "making" that money when you still have to make monthly repayments, Are we saying that the monthly repayments are less than the rent income and all the expenses associated with runnning a rental?

@k1bwannab964 2 месяца назад

I’m curious on how I would use the equity of the first property to buy the second property, without selling and if I was renting the first property out how would I pay off mortgage if I would be paying a similar amount of rent myself to have a roof over my head plus, also how would variable and fixed interest rates affect these numbers?

@TusVivencias Год назад

The information was good. But i need to add , the expenses like strata levy, water ,council rate and vacancy, at the end thia over cost cause a lot pain , but the idea that you explain is good thanks for info😊

@AreWeTheirYet. 10 месяцев назад

Don't forget maintenance and repairs

@hellsfro 8 месяцев назад

and the CGT at the highest marginal rate upon the sale 😂. It's a killer even with the 50% rule!

@loft27ss 6 месяцев назад

You can add a tenant not paying the rent and you can’t evict them for long time because of the law

@ezdmr 11 месяцев назад

Ravi does this work with low rental yield and not so booming area?

@chookie131 Год назад

Hell yeh! Thanks so much for doing the figures on the amount needed incl BA! Was aiming for 80K but $75k and getting a 450k house! Winning

@tomhanns493 Год назад

Hi Ravi, I understand the whole borrowing against equity, I’ve been speaking with my broker and he says this doesn’t change my affordability and what I can borrow even tho I have a large amount of equity

@uberboiz Год назад

The lender wouldn't lend extra money by simply looking at your equity, regardless how large it is - they would need to consider your income too to assess your ability to service the debt.

@ravalravi882 Год назад

I am from india what about long term capital gain tax once we dicide to sell the proptery ?

@morfasie 5 месяцев назад

Thanks but what about the serviceability of these loans against your name? Wouldn't the bank say no you cant service the loans?

@deenratri2895 Год назад

Started binging hour videos from yesterday. Your video game has def improved since the whiteboard days! V informative videos! I was saving for my first home, now I am convinced I want to go for an investment property first. I have saved up around 45K so far and thinking of borrowing 30k from fnf to get to thet 70k you mentioned. Do you suppose that’s a bad idea and I should wait until I can make that amount in the next 6 months? Also I just came to Aus last September and have a job with 1 year contract, as is common in academia. I hope this does not disqualify me from getting a loan

@dundadunda552 4 месяца назад

Why do i need to save a deposit on the 2nd or 3rd property when i can use the equity growth on the 1st one to cover the funds i need by cross collateralising. Can do this repeated without out laying a cent from MY pocket.

@ajlatifi84 6 месяцев назад

Average house price in Sydney is $1.3mil where did you get 450k? And also you still have to manage do the partial repayment..

@fredsalfa 9 месяцев назад

The title is a bit misleading as I thought it was no money down on the first property rather than the 3rd or 4th property

@asianboywhat 8 месяцев назад

This is well and good until banks decline you as you cannot service the loan. Majority of ppl earn less than 100k. If you already debt such as HECs or home loan then it won't work out.

@Alex-bo5cp 6 месяцев назад

I was thinking same. I've got about 450k in equity but the bank wont look at me because I'm a single parent on a low income

@katestone8630 4 месяца назад

Can this be done through trusts? Or does it all have to be in the individuals name?

@dunnybrush 10 месяцев назад

Which bank is granting interest only loans on a 90% LVR at the moment? Edit: 10% deposit

@gamificationoflife Год назад

Hey Ravi, thanks for breaking this down for us here in AUS, there aren’t many resources on this that I’ve found, other than this other channel called Hunter Galloway I think. This info will be useful in the future once I’ve saved enough for the first home

@motivational7531 9 месяцев назад

Doesn't work now unfortunately - serviceability is limited with 6.5% interest rate

@huiyili9235 8 месяцев назад

So what is a better way than real estate to invest money now?

@11zen45 Год назад

RAVI, Please comment on the new land tax 😢.

@EMS01119 Год назад

Buyers Agency cost is 13k? What are these fees based on? Where can we get a break down on these fees so we are able to shop around.

@loft27ss 6 месяцев назад

Gold Coast agency wanted 25-35k from us to buy interstate during Covid…. No way

@ykps1978 Год назад

You haven't said anything about the new loan that is created by taking out the equity. In principle, you have 2 loans, 1 for the equity part and the other part for the 80% or 90% of the property value.

@Rachel-lr9io Год назад

I didn't know this. I have asked buyers agents about using the equity but I just don't understand how you can get the equity to use as a deposit. I know you can do it, but I don't understand HOW and everyone says "you just take it out" TAKE IT OUT OF WHAT???"

@uberboiz Год назад

@@Rachel-lr9io You've done the right thing for being skeptical and questioning the buyers agents. "Taking out equity" is such a misleading expression - in reality, it involves taking out a loan (which is secured against your equity), instead of the equity itself.

@d.j.z.j Год назад

And it needs to be useable equity

@BananaP1zza Год назад

Very interesting. Works in a bull market, but if the property market turns bear (ie. Recession/depression), this strategy could cause a lot of pain. Remember, unlike US, in Aus residual property debt stays against your name if your property gets foreclosed by the banks. If there is a major downturn in the property market, you could face a very real danger of losing all your properties and still owing debt. And if you have done your due diligence, you will know that this is currently a very real possibility; Too many people and banks overleveraged.

@wilsonlee9942 Год назад

Hi Ravi how can we borrow more money for the second property since we already have mortgage on first property? Is it because first property already has tenants? We already get rental income so now we can borrow more?

@dunnybrush 10 месяцев назад

You borrow against equity you have established in the first property. You get this equity by paying down the principle or through capital gain if the value of property 1 has risen, or both, ideally.

@fikrythalib209 Год назад

Thanks for the video Ravi! Quick question, what happens to LMI? Are banks lending 90% these days?

@user-yr6mt7qx9b 8 месяцев назад

nice video

@GH-pu3xc 3 месяца назад

Will this work with interest rates at 6.5%

@user-zh9sd8ql8l Месяц назад

Please discuss cash flow.

@ganyman846 Год назад

Increased interest, decreased cash flow, family plan😢

@lunaroseh322 Год назад

$450k is like a studio less than 50m2 which banks wouldn't lend any $. This game doesn't work in Sydney in the first place unfortunately.

@medusiz1801 3 месяца назад

Even in PERTH under 15km from CBD $450k won't get you a dump.

@alexcowling4202 Год назад

How do you eliminate mli on 10% or is there a new government incentives scheme ?

@aminbalank9962 Год назад

would you not have more and more mortgages present as you buy more properties?

@Jun4074 Год назад

Borrowing power also decreases as you have more mortages and it is not possible to borrow 90% from banks, unless you make so much money. But if you do make so much money, no reason to use this strategy...

@Pvtepingpong Год назад

Yes, but if you are smart you have more income streams ro cover the payments, and that coupled with capital growth equals strong financial position down the road

@uberboiz Год назад

@@Pvtepingpong That sounds like a best case scenario, which unfortunately would unlikely to play out in a rising interest rate environment.

@Jun4074 Год назад

@@Pvtepingpong ideally yes. But, isn't this video focused on poeple who do not have more income streams? Video explains that we need to use equity to buy another property because they have not enough income stream to increase the borrowing cap

@darinas4690 11 месяцев назад

I guess it assumes that u rent it out positively geared. Its all "best case scenario ". If you are average earner with annual income of 75 -80K . Bank wont even give you a loan

@yuanchen1980 11 месяцев назад

What kind of house can I get with 450k with capital gain in Australia now?

@aloeblack8853 2 месяца назад

I had a bad experience with a very reputable buyers agent. I suggest people approach them with a level of skepticism

@PersonalFinancewithRaviSharma 2 месяца назад

100% agreed with this. Some really silly things going on out there. Be careful out there and conduct proper due diligence :)

@conor845 10 месяцев назад

No, money down!

@mukkybits 25 дней назад

Probably your content is really great. But its hard to process. Just imagine I remove all commas and full-stops from a paragraph and give it to you to read and understand. This is what I feel after listening to what you are speaking. There is NO BREAK. Please keep a BREAK in 2 statements so others can understand what you are talking and can process it. Sad I am writing such a review for a youtuber. But I have still liked the video .. because of the quality of the content. Good luck !