How Eddie overcame getting STUCK with finance at 6 properties | Property Investing Australia

In this video property investor Eddie Dilleen shares 6 ways he overcame the obstacle of getting stuck with finance after 6 properties when he was 23 years old.
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Stuck with Finance
Disclaimer: This is not intended as legal, financial, or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature, you should seek advice from a qualified and registered legal practitioner or financial or investment adviser.

[@TeemoForLife]

1. Increase income . Second job. Build up deposit 2. Extreme Frugal lifestyle temporarily 3. Genuine deposits (back from rule 1) 75% saving of wage 4. Remove credit card as counts as debt/liability 5. High yielding rental properties (7%+) 6. Below market value

[@Birch37]

Yeah its still tough even with 10% yield after expenses. The banks only look at a percentage of rent.

[@jyekluske]

Great advice ! Thanks

[@lukehughes3078]

Thanks for the real response

[@THAIB76]

Amazing stuff awesome knowledge

[@donaldwayne4219]

Banks don't include rent from private rentals when calculating your serviceability and borrowing capacity either. Just rents through an agent.

[@pataralfonso]

Thank you

[@abdx7777]

I am stuck at 2 only

[@jprme7588]

Still better than most!