Coles Worker On Average Wage Buys 7 Houses, Makes Half A Million Dollars Equity In 9 Months!

[@AusPropertyMasteryWithPK]

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/

[@ishakojonskis213]

Yo keen to try get another property. But be good to see or hear your thoughts buddy. @AusPropertyMasteryWithPK

[@raywan22]

jesus. This guy's journey is insane. He set out a goal to buy 7 properties in a year and he did it. Along with selling 2. Big props to you and thanks for sharing. Very inspiring!

[@AusPropertyMasteryWithPK]

Crazy determination

[@bencantyproperty]

Thanks mate

[@ritmolatino1627]

you got to love a drug lord

[@EdmondAndyGuo]

Thanks guys for sharing some of the details, very helpful to understand the actual situation + the mindset on top of that. 👍

[@bencantyproperty]

Thank you mate

[@marcoschena99]

Top job Ben & PK. Thanks for sharing, especially all the detail on structure/lenders etc.

[@bencantyproperty]

Thanks mate!

[@CleanupStack]

The key take away is "single man, no kids" :) That explains the borrowing power 💪💪 Well done mate & PK.

[@zorororonoa2469]

🤣

[@bencantyproperty]

Hahahahah. Very true mate. Thank you.

[@gregfields011]

Regardless of your situation, you can always do well. All of us wish we had started investing in real estate at 21.. next best time is now.

[@mathewdenton2652]

Not really.. add in 2 dependents but then an additional income (assuming your partner is working), and you'd still have a higher BC. The only difference in lending by adding in dependents is an increase in HEM & subsequent living expenses - if a partner is working, their wage would normally outweigh this. The key take away is knowledge & the fact that property is a get rich slow scheme, which doesn't suit most peoples mindset.

[@yuliaschannel6288]

@@mathewdenton2652what about 3 kids and partner not working. That’s what stopped us from buying our 5th property in Sydney.

[@삶의지혜-h5d]

What a inspiration! Amazing. Thank you for sharing your story

[@삶의지혜-h5d]

Hi PK, Ideally, what’s the minimum cash in hand to start the accelerated property programme? Thank you

[@Barone2013]

It is not how much money you make, it is how much you keep that’s essential. This guy was already buying property in 2010.

[@ThinhNguyen-ey2ll]

This is a wonderful video PK. Very inspirational and relatable; one that is more realistic that we can all potentially replicate. Well done Ben respect!!!

[@bencantyproperty]

Thank you mate

[@teresazhang3766]

really inspiring video although I find myself still far from the fence(more just starting walking towards the fence lol) I can feel the energy and encouragement from you both . Thank u and congratulations for ur achievement 🎉

[@jessicaamy6711]

Great video! I’m at 3 properties and just turned 30 😭 hitting a dead end with borrowing capacity so not sure where to go right now besides save, save & save.

[@IT-28]

Obv depends on your specific circumstances but Commercial property could be next steps 👌

[@shubhammahajan4052]

You’ve done great so far ! All the best !

[@VivekUppal-e3h]

Great video , so much valuable information Thanks PK Well done Ben !

[@bencantyproperty]

Thank you. Appreciate it.

[@TheGreatVehicle]

Great video PK thank you for sharing. im at 3 properties so far wondering if i can achieve more

[@AusPropertyMasteryWithPK]

Keep it up

[@TheGreatVehicle]

@@AusPropertyMasteryWithPK could you please share the name of the accountant and how I could reach him ? I need someone who can help me plan my next moves thank you so much !

[@RajkumarSapkota1]

Great input Cheers Ben and PK🙌

[@AusPropertyMasteryWithPK]

Cheers!

[@peterf9095]

This journey will be like an emotional rollercoaster

[@ElaineRoams]

Super impressive!

[@glenngraham1059]

Ben has big financial Kahunas 🤣well done and good luck to you !

[@lukeburrows7144]

Wow, how much did you have to save to come up with the 20% deposits? Or was it all from yhe sales of the first 2 houses??

[@michaelrobinsrobinson7934]

Great and positive mentally 👌

[@AusPropertyMasteryWithPK]

That’s what it’s all about!

[@dmoo8121]

Well done Ben

[@user-yb9dl6ok9r]

I am wondering if you updated your course or it doesn't get updated?

[@AusPropertyMasteryWithPK]

@@user-yb9dl6ok9r yes it gets updated

[@HanginOffThaReel]

💡 Not sure if you noticed. - get rid of the 9-5 by 45 is get rid of the 9 to 5 by 9 x 5 hahaha

[@bencantyproperty]

@slapz444 Thanks for pointing that out!

[@LunarExplorerVideos]

Bravo Benjamin! and thank you PK for sharing this story

[@AusPropertyMasteryWithPK]

Thanks mate !

[@U.s.e.r.3493]

Good on this guy, appreciate the content. Any steer on how you detect tipping points, such that you assess an area and say "too far gone" to invest? E.g. I'd say NSW is largely a state that's gone too far for the first time investor

[@AusPropertyMasteryWithPK]

I think it comes down to suburb level.. one is where investors make up over 40 or 50 percent of all transactions. Like Sydney in 2016/7

[@U.s.e.r.3493]

@@AusPropertyMasteryWithPK cheers PK. Have been binging your content

[@JonathanRodriguez-bx3hm]

who's his broker?

[@Eyespy007gold]

Hi PK, Just wondering if you can an analysis video on the Pilbara property market?

[@AusPropertyMasteryWithPK]

It’s pretty niche and volatile!

[@ranjithpowell6791]

You guys should check out the Riyadh property market. $100,000 profit in 3 months, and tax free too.

[@kristiepatino8267]

Would love to now who the broker is? Thanks in advance

[@nadiakhudi9820]

How did he avoid the CGT with selling 2 properties?

[@DisciplinedLion]

PK what do you reckon about woodridge suburb in QLD

[@AusPropertyMasteryWithPK]

Not a fan.. 75% of houses are rentals

[@funkzsnoopy]

Nice!! But just a little confused on how banks lending you money if you are going -$4500 with each property? Overall its -$30,000 debt? Apologies if this question doesnt make any sense. Trying to understand if its impacting your borrowing capacity. Thanks

[@AusPropertyMasteryWithPK]

Third tier lenders are more forthcoming, and his plan is to refinance to big 4 as he mentioned. Esp once rents rise etc

[@angelatheexplorer2507]

Is that holding cost per month or per year per property?

[@bencantyproperty]

@@angelatheexplorer2507Per Year

[@bencantyproperty]

@@angelatheexplorer2507 Hi. Per year.

[@piecesasian]

Thank you and great video.

[@darshirathod1213]

Hi pk how much fir course and how to join ? Plz help

[@AusPropertyMasteryWithPK]

Hey :) please see here the fee: consultingbypk.com.au/faq/ The website also has the process for enrolment

[@TheLolz1988]

Banks always over value properties for investment purposes .. i would take a bank valuation with a grain of salt

[@AusPropertyMasteryWithPK]

I think from investing for a long time sometimes banks go under sometimes over. It also depends on the bank itself, and generally 3rd tiers are not liberal

[@mjmf1430]

Not to rain of the interviewee’s effort for his $2.845 million property investments, but isn’t his annual loss amounting to $30k x 6 properties = $180K, which means his annual loss is minus 6.3% on his investments. Compared this to bond or mutual funds which currently is paying profit above 7%, I’m not convinced at all with his very highly leverage property investment strategy with very substantial annual negative returns, albeit at least for the next 2 or 3 years. Also I noticed he is above 80% leveraged, which means that if interest rates moved against his favour or property prices drop in value or he looses his job or other incomes, the bank might do a recall or the properties be let go at an even greater loss in such scenarios. The risks I think is too high especially since the leveraging is 80+%.

[@AusPropertyMasteryWithPK]

@@mjmf1430 nah it’s not, you misheard

[@Kurio71]

Did he say he's negatively geared 4.5K per property?

[@AusPropertyMasteryWithPK]

That’s correct

[@hereg3043]

Per year I am assuming

[@bencantyproperty]

Thanks for your comment. Yes that’s correct. I’m expecting my portfolio to be $2.5k positive per property in 2 years (increase rents and decreased interest rates, or refinanced).

[@maralfniqle5092]

So just how much is Coles paying for God's sake.

[@bencantyproperty]

@@maralfniqle5092 Thanks for your question. Did you watch the video?

[@ashahmed7866]

Guys, what you think of buying a house a bit cheaper then market value, but had suicide in it few months ago??

[@AusPropertyMasteryWithPK]

I think comes down to personal preference

[@13579john]

How much cheaper

[@cynthia9040]

I won’t touch it, it is super bad luck regardless of the price. You will regret later if you buy as no tenants will stay after they find out.

[@coasteyscoasteys]

​@@cynthia9040 I doubt most people will care.

[@emp731]

Thats not good though PK...Coles worker making lots of money in short period of time. It's a joke and is a sign of a sick country.

[@dvgsun]

🤣🤣

[@Sid0419]

Wow hes 4.5k in the hole per property per year. Thats scary. Hes losing $40k and thats real loses. His gains are just notional.

[@AusPropertyMasteryWithPK]

It’s scary if you don’t have a strategy. Just like going for surfing is scary for the first time. But after wards it becomes very rewarding as you catch the wave.

[@IT-28]

I wonder how much more he'd be making if he owned commercial property or a mix of residential and commercial.

[@bencantyproperty]

@bakshifamily. Thanks for your comment. Not $40k in the hole. Just over $30k. I’m expecting my portfolio to be $2.5k positive per property in 2 years (increase rents and decreased interest rates, or refinanced). Bank Val is certainly more positive than reality. The reality is my portfolio has made $250k in equity in 6 months (my own conservative CMA on what my properties would sell for today) and I’m predicting $500k in equity in the full 12 month cycle. Not by bank Val, by mine. Growing at over 18%.

[@TheGreatVehicle]

​@@bencantyproperty hi Ben thank you for sharing your story super motivational could you please share info on the accountant yoy used? I need someone like that to help me with my next steps cheers !!!!

[@jenniferjennifer3604]

Well done Ben. Such an open, honst and insightful sharing, I certainly have learned a lot. Thanks PK, thank you Ben. Keep going and all the best wishes for your new adventure.

[@VivekUppal-e3h]

Great video , so much valuable information Thanks PK Well done Ben !