(5 YEAR PLAN) How To Use Real Estate Investing To Replace Your Income

[@thomasrynan8232]

You need to take into account inflation as well. That 65-75k won't be worth the same in 10-20 years

[@josesworld419]

True!!! I have made my passive income goal to be 200k

[@asianboywhat]

That is why passive income should not come from simply 1 asset class but from multiple !

[@svenerikmoeller8809]

Well the first prices that seem to rise are properties and thus rental yield, well before increase in wages. Also since at least a third of net pay goes into rent and even more in mortgages then owning and renting properties saves even more since those expenses are now frankly obsolete!

[@KevinSanchez-gn2nk]

Love it as always Ravi. Would love a video about how to liquidate equity once you want to leverage it as passive income. With the 5 properties example here, how do you liquidate to use the cash on your living expenses? Thanks

[@Garden-offgrid]

Increased passive income over time. Cash flor rises. Repayments reduce. To a point where you leave work.

[@lukegrech7757]

You’re right! Compounding wealth is so essential. My first investment property did grow substantially within up and coming suburbs with immense growth. Better to purchase in areas that are primed for regional parts i.e Queensland. I’m curious if it’s possibly to leverage $175K worth of equity in property #1 in purchasing properties #2 and #3 under $420K. What’re your thoughts?

[@asithajayakody4362]

What if I am able to buy a property for a good price in an area I like, and live in it? Is rentvesting still better in that case?

[@Neverneednevernot]

How about a method that doesn’t screw other people from a basic need like shelter

[@Garden-offgrid]

😂 there’s always one

[@cryptoricardo]

quality content here

[@williamcrossan9333]

10:55: Indeed Ravi, 5 properties. With 35% of Australians renting, not many people can own 5 properties...

[@williamcrossan9333]

I guess the issue I have, is that sort of "everyone" is doing this these days. With 35% of people renting, clearly not everyone can be expected to be successful at this. In fact, it's likely only a minority will be successful. I'm wondering if the whole price to income situation will come crashing down at some point. Not trying to be a property nah-sayer, but the whole situation seems to be madness right now.

[@madsquirter3926]

First view 🤟 thank you for sharing your knowledge Ravi

[@fahadalanzy9711]

Hi I have questions I got my house in 2020 for 400k I can sell it now for 700k not sure if I should sell or hold it? I'm in Perth Yanchep

[@spara7464]

Hold for sure, it’s probably still got some legs left in it before it peaks in price in the short term. As for long term, you could use this equity to purchase another property. Wait til that property goes up in value, rinse and repeat

[@aussietoddsdiygarage8729]

@@spara7464 good in theory, I am in that position. Purchased an investment property in 2020 and has doubled in value. I have plenty of equity, but borrowing capacity is now my issue. Can’t move forward

[@sycopathgaming1226]

Only way is to invest in Australia, but go live another country.

[@MissChanelR]

You are a gun.

[@susmusmanoj112]

Seems liks copied from PK gupta

[@williamcrossan9333]

Don't say that! That are arch enemies!

[@vincentcacciola7161]

Macquarie bank is offering 5.50 % so why would you bother with real-estate ?

[@dundadunda552]

I borrow money at 6% and get my Tennant to pay for it via yield. I then get the equity for fee...that's y I bother. It's free !!

[@spara7464]

Real estate is the only asset that you don’t own (the bank technically does) and can borrow off the equity. The tenant will pay the bills on your asset and then your asset is worth 2-3 times what you bought it for and you’ve bought 3 or more houses after this that have also increased in value

[@seanpan9152]

did you watch the video he literally explained why

[@Garden-offgrid]

Your comment shows that you have no idea about how a fiat currency works.

[@Ferwail]

This sh!t has ruined australian quality of life for many people

[@Garden-offgrid]

It’s made my life financially amazing. Lots more inflation is on the way and I’m ver excited

[@Ferwail]

@ 🤡 that’s a wild thing to say

[@Garden-offgrid]

@@Ferwail it’s awesome. The more inflation we have the richer I get. It devalues debt and inflates rents.

[@Ferwail]

@@Garden-offgrid hope you have Made enough money to buy homes for your children/grandchildren

[@Northstar2000]

Ben chodes