How To Use Equity As Tax Free Money To Build A Real Estate Portfolio

Подписаться 72 тыс.

Просмотров 13 тыс.

50% 1

HOW CAN I HELP?
🏠 Book Your FREE Call
www.searchpropertyau.com.au/b...
🏠 My Buyer’s Agency
www.searchpropertyau.com.au/
🏠 Email me 👉 ravi@searchpropertyau.com.au
As Featured on:
AFR, Sunrise Show - Channel 7, Channel 7 News, Business News Australia
“REB’s Best Buyer’s Agency 2024 - Finalist”
“REB’s Best Buyer’s Agency 2023 - Finalist”
“REB’s Rising Star 2023 - Finalist”
“Australian Financial Review’s Fast Starters 2023 - Top 100”
“Young Entrepreneur Awards 2023 - Finalist”
“Australian Small Business Champions Awards 2023 - Finalist”
FREE CRYPTO BONUSES
🇦🇺 CoinSpot - Buy Crypto + get $10 free BTC 👉 bit.ly/Coinspot-SP (Referral Code) 👉 QFMKHN
🏠 My Online Course - Step-by-step guide to buying your first property
www.searchpropertyau.com.au/o...
✔️RU-vid Collabs/Sponsorships 👉 personalfinancewithravi@gmail.com
JOIN THE COMMUNITY
🇦🇺 Join the Private FB group (FREE) 👉 / 361198781729010
⏰ 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:

15 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 33

@thompsonclay6152 Месяц назад

The challenge is I cannot borrow more...not sure what can be done except selling one to release my borrowing capacity

@kayemmae6733 Месяц назад

So I have $65k usable equity but it will cost me $10k for LMI to borrow it as it would take my LVR from 78% up to 90%

@ChipsNeeson Месяц назад

Wow, so based on your formula, my usable equity is $340,000. That's much better than I could have imagined.

@praveen86krishnan Месяц назад

Do we need to pay LMI again if we pull equity when the LVR is back to 90% on a higher amount?

@cfmc6201 Месяц назад

Brokers dont apply to multiple banks . That would hurt your credit file. The assessment is an automatic valuation although prior to settlement a valuer will still come to set valuation. You can do this with or without a broker . Brokers are good advisors though and can be creative

@user-yo2tf2zy1s Месяц назад

Hi Ravi, borrowing capacity? How do you get that second property if your borrowing capacity is maxed out from your first IP. Even if my IP gets me 100k equity in a year or 2. My borrowing capacity is maxed out at 450k.

@JoeyBlogs007 Месяц назад

You dont, unless perhaps you get a positive cashflow property ( extremely rare ) or have the income / cashflow to acquire a second proeprty. Otherwise wait a year or two.

@KadamzK Месяц назад

Your borrowing capacity will increase if your cashflow increases. You can do that in a few ways. The main ones are: increasing your income or increasing the rent in your IP.

@TheRoccoroll Месяц назад

It's basically impossible atm in Australia to find something positive cashflow, unless ur down payment is huge and u can afford to buy something almost outright

@JoeyBlogs007 Месяц назад

It's not really tax free, becuase you are paying compound interest on your home loan redraw. Effectively a low rate tax. Hower as was alluded to, if your capital growth on a new property exceeds the interest cost on the equity drawdown, it might be justifiable if you can manage the cashflow effects.

@uberboiz Месяц назад

It's not the first time this guy is trying to sell the idea that equity is a 'tax free' money.

@Dontargueyouknowitstrue 10 дней назад

It is tax free…. Interest is interest and tax is tax

@uberboiz 10 дней назад

@@Dontargueyouknowitstrue And the reason it's subject to interest (instead of tax) is because it's debt, instead of money that you've earned like salary. Only an intellectually dishonest or ignorant person would suggest that the 'equity' in your property as 'tax-free' money.

@Dontargueyouknowitstrue 10 дней назад

@@uberboiz soooo it isn’t tax…

@uberboiz 10 дней назад

@@Dontargueyouknowitstrue soo it's obvious you missed the point...

@jenniferdouma Месяц назад

Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Linda Wilburn has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.

@jenniferdouma Месяц назад

Linda Wilburn program is widely available online.

@0r00ney Месяц назад

Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.

@hollycarter3594 Месяц назад

The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.

@2Luisalvarado Месяц назад

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

@mjmf1430 Месяц назад

Everyone is optimistic when leveraging their equities on their home loans to buy more properties until the property bubble collapses and the banks started to ask the lenders to topup the shortfall (it has happened in many developed western countries like Australia) or they loose their jobs and couldn’t repay their increased loans. Your video is great but it needed to be put into perspective, e.g., discussion of potential risks of leveraging loans and if the lenders are able to still fund their purchases in such scenarios.

@ArisFerrari Месяц назад

2. Just recently purchased a property as owner occupier. Will be watching your videos more religiously now so once I have paid a decent amount off, I can strategise my next move

@tylerstamper1693 Месяц назад

Can I make a suggestion. If you know you are going to make a next move then planning for that now is crucial. Instead of paying off your loan quicker you could build up an offset account and keep the cash in your control instead of the banks. That way you don't have to try claw it back later.. If you want to be more aggressive with this you could go interest only and park what would have been the principal component in your offset to build that account fast. This will not increase the interest you incur as it is 'effectively' the same as principle and interest. Apart from maybe a slightly higher rate. Good luck

@gofaroverland7854 Месяц назад

I would change the formula to 80% to avoid paying LMI again

@owenearle878 Месяц назад

@fstrading8470 Месяц назад

Man these property investors got to go... Going to have to send a letter or email. As a first home owner i can only get 450k on my 114k income salary. Every time i go for an apartment from like 339k or 420k. Some old couples / Asians or butt sniff investors are there to price me out or just take my 1 bedroom apartments i like. Why can't they go for the bigger ones like 700k. . Why our first homes these leeches. Hate them with passion and real estate agents just go with them over the first home buyer.

@claudlin9039 Месяц назад

Because it is not the agents who sell properties but their vendors. As a seller, I would not care what you are but only if you are offering higher than others.

@fstrading8470 Месяц назад

@@claudlin9039 Yes we have a term for that. It's called Greed.

@mjmf1430 Месяц назад

One solution (amongst many) is to marry an Asian, someone old, move out of Australia, save more, get a better paying job or work harder. 😊 It’s easy to blame someone else for problems that are not caused by your situation. Cheers.

@rohitxess1955 Месяц назад

For those who did not understood: Market Value of the property: $500,000 Deposit: 10% = 0.1 * $500,000 = $50,000 Loan: 90% = 0.9 * $500,000 = $450,000 New Market Value of the property: $550,000 Assumption: You can get a max loan of 90%. Loan: 0.9 * $550,000 = $495,000 (Equity) Previous loan: $450,000 Now you can offset the previous loan using the current equity which is $495,000 Usable Equity: $495,000 - $450,000 = $45,000 Correct me if i'm wrong. Cheers !!

@yeeeet4756 Месяц назад

just remember you will be losing money on interest for the 500k at say 6.5% which will be $32,500 a year so factor that in with the LMI + buyers agent fee.

@rohitxess1955 Месяц назад

@@yeeeet4756 Agreed. Lots of things haven't been factored in.