Don't Pay Off Your Debt...Yet!

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  • čas přidĂĄn 13. 04. 2024
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Komentáře • 22

  • @zubinix
    @zubinix Před 3 měsĂ­ci +19

    Don't over leverage. You need a buffer for when your property is not tenanted, repairs, renovations etc...

  • @porkbelly1144
    @porkbelly1144 Před 3 měsĂ­ci +5

    I’m all for leveraging but what people have to realise is that banks will not lend you money if you do not have the capacity to service those loans.. irregardless of how much cash or assets you have on hand.

  • @triplea007
    @triplea007 Před 3 měsĂ­ci +5

    Nice one Ravi. Debt is like fire. Sure, it can burn you. But good luck in winter if you don't have it.

  • @TheWorldofBlinky
    @TheWorldofBlinky Před 3 měsĂ­ci

    Great Advice!

  • @doublecrunch
    @doublecrunch Před 3 měsĂ­ci

    Ravi, thanks again for your really clear and informative videos. Also, what was that calculator you used and where can it be found?

  • @rustyrulze
    @rustyrulze Před 3 měsĂ­ci +1

    That data calculator you used to illustrate growth, is that on a particular website?

  • @ronaldov09
    @ronaldov09 Před 3 měsĂ­ci +1

    This only works if property prices increase...and the way things are heading I'm not sure thats going to happen much.

  • @jerrys6100
    @jerrys6100 Před 3 měsĂ­ci

    Very crisp info as usual. Can you please include calculation for negative geared property wuth a 75k base salaried individual.

    • @jonv570
      @jonv570 Před 3 měsĂ­ci

      are you serously that lazy?? if you gave AF about that question you would have done it yourself

  • @gregfields011
    @gregfields011 Před 3 měsĂ­ci

    Why would you recommend buying during the winner's curse?

  • @AamirKhan-ub6zp
    @AamirKhan-ub6zp Před měsĂ­cem

    What will be the monthly interest payment on 1.5 million loan. How is one supposed to cover that? Rent is definitely not going to cover this for current interest rates. This means you end up paying money monthly on top of your original 500k.

  • @Hooooodad
    @Hooooodad Před 3 měsĂ­ci +1

    You say hold 20 yrs, but isn't investment property on interest can only be held for 10?

    • @Disciplineislife
      @Disciplineislife Před 3 měsĂ­ci

      Yes that is partially true but you can refinance again after 10 years for interest only payments.

  • @rochester3
    @rochester3 Před 3 měsĂ­ci

    if you split 500k and buy 2 properties worth 1million each it doesn't mean that your net worth is 2 million but you are controlling 2 million worth of properties with 500k, but its still a liability if its not cash flowing with rental income

  • @SimpleCapitalAdvisory
    @SimpleCapitalAdvisory Před 3 měsĂ­ci

    Paying off your mortgage with your hard earned money is one of the least productive ways to use money!

  • @simonborg1654
    @simonborg1654 Před 3 měsĂ­ci

    Raiv, i booked a call from your team last week, and I've had no response?

  • @jonv570
    @jonv570 Před 3 měsĂ­ci

    who the fook is this guy?

  • @dickiesdocos
    @dickiesdocos Před 3 měsĂ­ci +1

    I'd love to see you buy a house for 500K in Australia. Maybe out in the middle of nowhere, but not in our capital cities, and If you found something, it would need some serious work.

    • @PersonalFinancewithRaviSharma
      @PersonalFinancewithRaviSharma  Před 3 měsĂ­ci +2

      You may be in shock when you see our Instagram page. We do 10+ buys like this every week 🫡