How Melbourne Man Plans To Retire, Travel With Kids On $120K Passive Income & FIVE Properties
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- čas přidán 29. 06. 2024
- Sud Setia, a Melbourne family man, now has a total of 6 properties, and is manifesting his desire to retire & travel the world with his kids.
💰 He's just bought 4 properties in 6 months and made $280k equity in that time taking his total portfolio value to $4.5m!
I'm proud to say he's a client of the Property Investment Accelerator, and in this discussion we cover:
👉 How he bought all his properties 'Off market' or 'Pre market' and his BIGGEST PRIORITIES when buying an investment property
👉 How he maximised his BORROWING CAPACITY and his entity (Trust/ Personal Name) buying structure
👉 How much deposit he put down & how he's acted so FAST!
👉 How much his total portfolio is COSTING him, plus how he plans to make $120k passive income in 10 years
👉 Why his mindset has been his secret WEAPON & his best advice to his 5-year-old
👉 How he thinks about perpetual fears like RECESSIONS and INTEREST RATE RISES
😊 Sud is buying another 4 investment properties in the next 2 years and what I love about him is that he is LOVING the investing journey, not just waiting for the end-results.
❤️ He's a great inspiration for all of us property investors!
#retireearly #financialfreedom #melbourne
Chapters:
00:00:00 - Introduction and Background of Property Journey
00:04:30 - Investing Interstate
00:09:08 - Keys to Success: Goal Setting and Persistent Action
00:13:33 - Enjoying the Real Estate Journey
00:18:00 - The Importance of Focus on Main Goals
00:22:28 - The Cost of Holding Properties
00:26:42 - Renting Properties and Building a Portfolio with a Spouse
00:31:02 - Overcoming Fears and Taking Action in Property Investment.
00:35:36 - The Importance of Being Present in the Journey
00:39:49 - The Property Investment Accelerator
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💡 I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time 👉 consultingbypk.com.au
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DISCLAIMER: No Legal, Financial & Taxation Advice
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#PropertyInvestment #PassiveIncome #Australia #RealEstate
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❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty
💡 Top Ranked No "BS" Podcast On Spotify/ Apple Podcasts/ Google 👉 consultingbypk.com.au/podcast/
How come him can do that.
I really would like to know.
I have equity $300000 and another house is $150000 .
Also my 2 house only $320000 left still hard to borrow money from banks.
@@jojosthaimassagespa7603 why don’t you join the fb group and ask him …
Amazing interview. Well done Sud! Thanks Pk for sharing this.
Incredible outcome with fast decision making, consistency and laser focus on his goal. Thanks for bringing such motivated people.
I’m very glad it helped you!
I completely understand the point about making investing education more common in schools and what not, but also consider that markets are zero sum (i.e a competition). With more information freely available, the standard of education required to outperform and do well in the market will increase as well. So the amount of gains that can be extracted from the market would be reduced significantly. And there will always have to be people who lose money.
What a great point
Yeah I think that's a great point. With the world physically remaining the same (Australia that is), it just shuffles around who might be richer than someone else!
Brilliant discussion points.. well done PK and Sud - thank you for sharing..
Cheers
Great interview..Guest is very good in articulating key messages...
👌🏼
Fantastic video. Truly impressed he managed to buy 4 properties plus stamp duties without any equity release just through savings while at the same time servicing a mortgage! You must be a savings gun
Discipline and hard work! ☺️
Keep growing..well done❤
Great interview!! 😊
Thank you.. it’s was a real fun one to do..
Attitude thats what its all about. The property journey for financial well being is all about preparation and execution. Research, Teamwork.. boom boom shake the room set for life.
That’s it!
24:47: Flipping heck. Buy when others are fearful?
Perth cheapies are getting 30 to 40 offers on the opening weekend. Usually 10 plus been interstate offers. At least half have NO conditions at all!
If anyone's actually been to an open in Perth (I have), you will see 8 to 10 buyers agents doing video walk-through's of the property.
In many cases, you WONT get a park in the street.
And the agents WILL NOT give you a followup call later on in the day. They simply don't need to.
That's not exactly my definition of fear!
28:16 PK gets it 😊
how much is his loan and monthly installments...how abt tax that he will have to pay on selling
The CGT depends on the capital growth he will experience in the future
@@AusPropertyMasteryWithPK Thanks PK, i watch most of ur videos but still dont understand how a salaried program manager can buy 4 houses by only savings...meaning he has paid atleast 400k from his pocket... i am a program manager myself and still not able to digest this
@@doodle7639 watch more videos on the client results playlist.. had one Coles worker buy 7!
You mentioned many details about the properties, but you didn't mention their rent per week. Why?
Yields are all above 6%… there you go..
@@AusPropertyMasteryWithPK 6% of what? Wish you could have given rental amounts instead. Your yield calculation is unclear to audience.
@@Shosho-ij5ob this is the definition of yield:
Here’s how to calculate gross rental yield:
Sum up your total annual rent that you would charge a tenant
Divide your annual rent by the value of the property
Multiply that figure by 100 to get the percentage of your gross rental yield
@@AusPropertyMasteryWithPK Thank you. He mentioned he is out of pocket $20K/year - with 90% LVR & other expenses (council rate, mgmt fees, insurance etc) costing him approx. $7-8K/year/property, so, for 5 properties he should be 35-40K=(7K * 5) out of pocket in total. I am interested to know your thoughts.
@@Shosho-ij5ob I don’t know what you want me to say… he said 20k all up.. why don’t you join the fb group and ask him yourself
Property is just a vehicle for enrichment in Australia. Negative gearing and similar legislation have fostered this process. No need to sugar coat it.
Equity increases are only on paper and eventually there will be corrections. Since COVID and the accompanying spending, property prices have risen tremendously and people have short memory. It wasn’t always the case, and everyone acting like the last 4 years are the norm. I doubt that is the case.
Always recency bias involved.
Residential property has grown on average 11.3% per annum since 1920 in Australia.
@@AusPropertyMasteryWithPK Average values are very misleading.
why start from 1920?
The average rate between 2000 and 2020 was about 6%.
what was the rate between 2008 to 2012 during the period of the global financial crisis?.
Covid and excess money supply has put the property markets in overdrive. Investors always im recency bias mode. Eventually, the corrections with come.
@@Barone2013 over last 35 years it’s above 7.5%. Source: ABS
I’m just sharing data. Opinions are opinions.