How To Buy 10-20 Investment Properties on Average Income! FIVE Borrowing Power HACKS 🔑

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Australian Property Mastery with PK Gupta

Australian Property Mastery with PK Gupta

Күн бұрын

Are you "MAXED OUT" with the banks and stuck in your property investment journey?
❌ You want to buy more investment properties but lenders won't give you any more loans?
Well SURPRISE! 🎉
Here's an early Christmas present from Vineet Danwar (Bluehive Financial Services, vineet.danwar@bluehive.com.au) that could get you many more properties! 🎁
Even many Mortgage Brokers don't know about the 'Endless Borrowing Capacity' strategy.
This is not a joke.
ESPECIALLY if you are starting your property journey, this may allow you to buy unlimited properties and preserve your borrowing power 🏠🏠🏠
Let's dive in and see how this works!
#borrowingpower #lending #loan
Chapters:
00:00:00 - Five Essential Ways to Improve Borrowing Capacity
00:05:21 - The Importance of Trust Structures in Lower Income Levels
00:11:02 - The importance of setting up a trust
00:16:39 - Resetting and recalibrating existing loans
00:21:54 - Using Trusts to Maximize Property Purchases
00:27:20 - Maximizing Property Portfolio Efficiency
00:32:34 - Considerations for Lending Policies and Portfolio Calibration
00:38:03 - Separating Transactional and Lending Banks for Privacy
00:43:23 - The Importance of Educating Oneself as an Investor
00:48:33 - Community
LEARN MORE 👇
💡 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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🎬 MUST WATCH VIDEOS
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
• The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant;
• The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.
#PropertyInvestment #PassiveIncome #Australia #RealEstate

Пікірлер: 181
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
❤ 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/
@baibhabmahapatra744
@baibhabmahapatra744 28 күн бұрын
Single person here with about 100k income and listening to the mid-income range just smashed my interest in the video lol
@rayfeetrono259
@rayfeetrono259 29 күн бұрын
He categorised 250k to 400k (household) as the Mid income group. At that moment, I fell off my chair.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
I though it was worth double clarifying too
@zorororonoa2469
@zorororonoa2469 29 күн бұрын
🤣
@jimm3379
@jimm3379 29 күн бұрын
That’s inflation for you
@amitmou2009
@amitmou2009 28 күн бұрын
Well we're definitely not quiet there...
@amitmou2009
@amitmou2009 28 күн бұрын
I'm interested to know how the trust distributions are taxed assuming the trust is positive cash flow..
@adrianlaw1707
@adrianlaw1707 2 күн бұрын
This guy is good. One of the best trust videos I’ve seen.
@kalyani5795
@kalyani5795 19 күн бұрын
I have listened 100's of videos about increasing borrowing capacity and I can tell P.K. that this is one of the best. Vineet is a very knowledgeable person. Thank you
@akid6222
@akid6222 29 күн бұрын
PK this interview is absolutely gold. Thankyou. You going back and reasking for those of us close to their max capacity. Of what to do etc. Im at 3 houses and not far off my max of which one house is quite poorly performing. This has given me a lot to consider over my ongoing strategy. I might engage with this company from here.
@Riccardo_123
@Riccardo_123 22 күн бұрын
Fantastic video PK and Vineet, thanks so much 🙌
@ironjaw1967
@ironjaw1967 29 күн бұрын
Yes Thankyou appreciate learning this gem.
@rohankorde3367
@rohankorde3367 24 күн бұрын
Bring vineet back he is very transparent about everything and he is very knowledgeable i would love to see him again
@johnmoroianu
@johnmoroianu 29 күн бұрын
I'm a few months away of buying my first property (either PPOR or investment, haven't decided yet, lol). This vid definitely made me think about setting up a teust now. Thanks PK and Vineet.
@harpindersandhu9236
@harpindersandhu9236 29 күн бұрын
Yes PK for sure i think as Vaneet mentioned right structures really makes a difference
@nq6417
@nq6417 29 күн бұрын
I went through the whole trust process 2 properties ago and when I got right through the process and bought the property and then went to buy the next property, I was told NAB are not ignoring that lending, but Bankwest will ignore it. I was disappointed in the broker in the case but it worked out because Bankwest was an option, so it turned out the trust set up wasn’t wasted. This trust set up to ignore lending is a game changer. It’s how to go from 4 to 10 properties
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
👍🏼
@Rajeevv777
@Rajeevv777 27 күн бұрын
I had the similar experience with Commbank where they changed their minds mid process! Luckily had another bank come to the table and a kind seller who allowed extension on finance
@imranhussainfca
@imranhussainfca 13 сағат бұрын
CBA also takes guarantor lending into account while doing borrowing capacity. So it would be better if you specify it applies for a few specific lenders
@Toora0510
@Toora0510 29 күн бұрын
This is great PK, thank you for this! I wasnt aware of trust structures and how it all works. I am currently maxed out in my borrowing, its great to know these strategies. 😊 opens another perspective to the current situation.
@nickmarsh9384
@nickmarsh9384 28 күн бұрын
really good info, thanks guys
@gregthomson3074
@gregthomson3074 28 күн бұрын
This is fantastic information
@krissebamalai
@krissebamalai 27 күн бұрын
Great video! Yes for more videos please.
@DIEGOARTESAO
@DIEGOARTESAO 26 күн бұрын
One of the best of your videos Pk, I was talking about a trust yesterday to my broker but I have no time to set up for the current investment, next time. The guest gave us an awesome overview about to go and look for the right structure. Thanks PK.
@gwywsz5277
@gwywsz5277 29 күн бұрын
Good content! Thanks PK and all your mortgage brokers and accountants guest!
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
Thanks for the feedback!
@mariabelenhinostroza6482
@mariabelenhinostroza6482 7 күн бұрын
Well don Pk, thank you for all the information! You’re a rocket ❤
@joncandyfliprecords
@joncandyfliprecords 29 күн бұрын
If you can’t afford the time for the whole vid: Bottom line is you still need to be able to afford your repayments, no matter what structure or strategy you put in place. The dollars you earn and control are the ultimate limiter. But for those facing an unfair stone-walling on a mortgage they personally know they can afford, from pen pushers behind a desk, using trust structures for both IP’s and your PPOR is a game changer. 🌱
@DisciplinedLion
@DisciplinedLion 27 күн бұрын
Thank you
@maryjavasilyevna861
@maryjavasilyevna861 22 күн бұрын
This is absolutely the best comment and the idea I had in my head all the time . These structures are good for positively geared properties and wealthy.
@vineetdanwar
@vineetdanwar 27 күн бұрын
Thanks PK for allowing a fantastic topic on your forum on how the right lending strategies can help an average family build their wealth via property investing. It was a great pleasure to share some key insights.
@krishnacsr2734
@krishnacsr2734 25 күн бұрын
how can we connect with you @vineetdanwar
@vineetdanwar
@vineetdanwar 24 күн бұрын
@@krishnacsr2734 pls contact on the official website mentioned by PK in video description,
@sabinsubedi4850
@sabinsubedi4850 28 күн бұрын
Yes.
@nishsmokeup491
@nishsmokeup491 2 күн бұрын
Yes !! brilliant
@upgarage1
@upgarage1 29 күн бұрын
Apologies if i missed it. What kind of trust are we referring to in the example "couple with 2 dependents"? Would this be the same kind of trust for a single with no dependents
@m_formanit508
@m_formanit508 25 күн бұрын
Thanks, PK and Vineet I watched the full video and found that a Trust might be a better option depend upon my choice and circumstances. It’s a big yes for me. However, in the future, if you could elaborate more with couple of scenario-based examples on how serviceability will increase with a Trust compared to having a property under an individual name, that would be great.
@dilipkonar6089
@dilipkonar6089 9 күн бұрын
very cool .. Superb!!!
@sebastianranderson686
@sebastianranderson686 29 күн бұрын
Yes!
@ramonriveralaffont8126
@ramonriveralaffont8126 29 күн бұрын
Yes
@bailey_jc
@bailey_jc 27 күн бұрын
Yes, more brokers pls
@h2olilly1983
@h2olilly1983 Күн бұрын
This guy is very knowledgeable and definitely gave lots of useful insider tips!
@lukedel
@lukedel 29 күн бұрын
PK, I think a good video you should make is talking to someone or explaining the situation of when things go wrong with investing. The positive theory of all this lending and capital growth, rental yields etc is all exciting to hear, but if something bad was to happen it’s not as simple as just saying that someone can sell their assets - no one talks about the bad times.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
I did one at the start of the year on worst case scenarios for the market
@lukedel
@lukedel 29 күн бұрын
@@AusPropertyMasteryWithPK could you link to that video? I’ve watched so many of yours now but nothing spoke about the borrower drawing equity to keep buying properties and how they get into financial trouble (career, health etc) and they can no longer afford to service the debt, tenants move out, or bad tenant trashes the property and the downtime between repairs and finding a new tenant isn’t recoverable through landlord insurance. Plus rates have gone up considerably the last couple of years, there must have been someone in this situation.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
@@lukedel it was more what could make the market crash
@lukedel
@lukedel 29 күн бұрын
@@AusPropertyMasteryWithPK I was thinking that. Oh well, one to think about perhaps for a future video - no one discusses the topic…….and I block so many ads on social media these days talking up how great property investing is now that I’ve shown some interest
@nq6417
@nq6417 29 күн бұрын
@@lukedelI mean this with respect. Your question is valid but you won’t find that information anywhere. You’ll find the path when you start. Action is key, with a plan and a little wisdom. Once you get your first two properties, something happens. The pennies start to drop and just get it. I know this is somewhat of a frustrating answer.
@johnrahimi8796
@johnrahimi8796 27 күн бұрын
really good pk please do invite more i would appreciate if you discuss commercial property lending options too thank you
@damiancaratozzolo9743
@damiancaratozzolo9743 12 күн бұрын
How do you show that a PPR bought in trust is positively geared to use this strategy? Do you personally need to rent it from the Trust?
@jughead18sp
@jughead18sp 26 күн бұрын
If you do a trust structure and it is considered as a separate entity does that mean you are losing some of your tax benefits say depreciation etc, because you cant offset a different entity's lost to your own?
@madhukyatham
@madhukyatham 28 күн бұрын
Go ahead, Buy more and more.
@nirmalmath
@nirmalmath 28 күн бұрын
Hi PK , I am new to this channel. Just want to get an advice if you don’t mind. I have an investment property currently in negative gearing and l am paying P&l @ 6.2% . So l asked my broker about changing it to interest only and he advised me that the rate will be around 6..8% . What is your opinion on this
@Efamily630
@Efamily630 18 күн бұрын
Whats the lvr requirement for trust and do they still consider only 80% to 70% of gross rent? Ie. If 70% of gross rent causes a negative cashflow but 95% does not, do you then need a garuntee requirement
@akarshanand5655
@akarshanand5655 25 күн бұрын
Hi Pk, I am pretty sure you asked the question but there was no answer, how much (approximately) would you say is the deposit % required to make a trust self sufficient with the current interest rates?
@jadechen4364
@jadechen4364 27 күн бұрын
I am curious to know with this type of structure, when it comes to utilising the equity of the property/properties within the trust- will it be easily accessible noting the servicing will be assessed by existing rental incomes and deficit may be mitigated by individual's income. With the income threshold that it was mentioned, I find it maybe rather difficult for people to save up 24% for a property purchase each time if they were not able to utilise the equity easily.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 27 күн бұрын
A good question for a broker!
@JDGUNS44
@JDGUNS44 21 күн бұрын
There are no issues in accessing equity
@davidmoffatt6331
@davidmoffatt6331 29 күн бұрын
Interest only with 100% offset account enables you to save the principal and that is providing a reduction of interest exposure whilst enabling access to the offset for a rainy day or if a great opportunity occurs and you need a deposit.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
The point he was making is that PI preserves borrowing capacity better. Your example doesn’t address borrowing capacity. It’s correct but tangential to the topic
@andyb3196
@andyb3196 21 күн бұрын
Great episode guys!! Last year I brought a two bed two bath apartment want wanted to expand my investment portfolio went to a lender so can use the equity and gauge what’s my borrowing capacity. The amount I can borrow way short to invest in any Unit under 390k. Instead I brought Tesla Model Y on personal loan. I’m single income person living by myself no kids no family.
@TryABaconSlice
@TryABaconSlice 19 күн бұрын
What on earth, you went from looking to expand with good assets to taking bad debt to buy depreciating assets? Terrible decision
@johnderizzo7979
@johnderizzo7979 29 күн бұрын
Banks have no clue with lending, i was with a lender and had a loan paid out in full sitting jn a offsetf account yet had to leave bank through broker and jump to an other lender ..... all because im self emoloyed , madness. I feel for first home buyers.
@ZoeZhang-ji9nv
@ZoeZhang-ji9nv 23 күн бұрын
How about buying IP via 50% individual + 50% trust?
@michaels6154
@michaels6154 28 күн бұрын
Hi. Thank you for this vudeo. It was really useful. Pleaae get more mortgage brokers in and i woukd like to talk to v about my journey
@chrisy1998
@chrisy1998 28 күн бұрын
Hey if you have afew properties in your name already, is it possible to move it over into a trust?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
We covered this in the vid 👍🏼
@kiranali1269
@kiranali1269 29 күн бұрын
Hi, I'm not an Aus resident, but my partner is an Aus citizen. We have an IP, and we only had to pay 50% foreign duty For 2nd IP, if we will form a trust, you reckon I'd have to pay 100% of foreign duty? As I'm on a bridging visa only commbank lends me money. Do you think forming a trust will benefit us for now? Or we should consider that after I get residency?
@Rajeevv777
@Rajeevv777 29 күн бұрын
Need to have the right terms in your trust deed that don't allow foreign beneficiaries - you'll want a lawyer to review your trust deed and make amendments
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
I did a video 2 months ago on buying without PR
@kiranali1269
@kiranali1269 29 күн бұрын
Thank you for your reply. Yeah, I've watched that already. That was very basic. I'd need to consult a conveyancer/solicitor to know the legal fee as I don't need a FIRB atm but to buy 3rd one under trust they'll be able to answer I guess
@davidlr97
@davidlr97 Күн бұрын
One of the things that I find difficult to figure out is when is it worth investing in more property vs keeping money in offset against existing property. Savings in offset is saving me 6.1% interest untaxed and with basically no risk, so I suppose the combination of rental yield + capital gain of any investment has to be higher than that after tax, which seems quite significant?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Күн бұрын
100% I did a video on this around march inthink
@roysingh2019
@roysingh2019 18 күн бұрын
Please explain every property demands council rates, water rates, property tax right. How can i pay with a normal wage??
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 18 күн бұрын
But high yield property that cover the expenses
@rachelleoct
@rachelleoct 23 күн бұрын
I have two accounts with comm bank, one is more regular spending , the other more for minimum and essential transactions. Does this work, or do they have to be separate banks? I also use my credit card for transactions and clear the balanxe every month to try to build my credit lending
@JDGUNS44
@JDGUNS44 22 күн бұрын
You will need specific answer to your situation. Thumb rule transactions account in a bank where no lending exists or planned
@rachelleoct
@rachelleoct 22 күн бұрын
@@JDGUNS44 amazing , thanks so much for responding
@tonyaquino_photography4838
@tonyaquino_photography4838 29 күн бұрын
Different strokes for different folks. You been listening to greame holm pk? 😜 Nice episode very interesting to hear this strategy. I’m assuming paying down PPOR debt is another way to increase borrowing if I’m not mistaken since you would no longer have a 20k-50k P/A bill to pay?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
Hey yes paying off debt helps but is not really a scalable strategy… I’ve heard of him but never heard his stuff
@piasmarietabungar8487
@piasmarietabungar8487 27 күн бұрын
Yes please PK
@jinarobinson-uy1mn
@jinarobinson-uy1mn 29 күн бұрын
Are you holding back information, is this legal?
@kirkpage3074
@kirkpage3074 27 күн бұрын
YES PK Please :)
@gauravpopat5140
@gauravpopat5140 25 күн бұрын
How we connect with Vinit?
@callumfisher6657
@callumfisher6657 29 күн бұрын
I think I’m missing something - how could buying a PPOR in trust help your borrowing capacity when it will not be self sufficient as an entity? Are you paying your trust rent to make it so?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
You can ask Vineet directly, but the idea is as a guarantor of the trust you make the normal contributions into the trust to meet repayments
@Eeeels2024
@Eeeels2024 25 күн бұрын
Buying a ppor in a trust negates the main residence cgt exemption. Highly recommend you dont.
@AD-vh4jl
@AD-vh4jl 29 күн бұрын
There are about 5 or 6 lenders who will disregard property held in trust. Once your have a property in trust with them, they can't "un-see" it. So then you're again stuck with 5 properties.
@U.s.e.r.3493
@U.s.e.r.3493 29 күн бұрын
Names?
@user-zn4vo6ii2i
@user-zn4vo6ii2i 29 күн бұрын
@@U.s.e.r.3493 all of the lenders. once you put your application into their system. they put into their database. it means they will not be able to "unseen" for the next application
@jackmccormack1496
@jackmccormack1496 25 күн бұрын
Corporate trust Im assuming?
@MrGeddes85
@MrGeddes85 28 күн бұрын
Hey PK, Long-time fan here! I had to do a double-take with your latest guest. It felt like they were dancing around your questions like they were on a game show called "Avoid the Point." 😂 Not once did they spill the beans on which trust structure to use-no bear trust, corporate trust, or discretionary trust in sight! They talked around it more than a cat circles a laser pointer! Anyway, I had to stop halfway through to save my sanity. Still love your content, though! Keep up the great work, PK! Just maybe get guests who like to, you know, actually answer questions next time? Cheers!
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
Thanks for feedback mate, to help you out, it’s a discretionary trust with corporate trustee.. but always check with your own broker and accountant too ☺️
@karansharma7338
@karansharma7338 28 күн бұрын
@pk what if wife is on maternity leave and only way to buy under trust is to wait 6 month from now..would you buy in personal name or wait.pleaas advice
@Rajeevv777
@Rajeevv777 27 күн бұрын
We had the same thing, some banks have a maternity policy where if you can show you have cash that will cover the time off, they'll treat wife's income in full. Mortgage broker did the research for us!
@karansharma7338
@karansharma7338 27 күн бұрын
@@Rajeevv777 thanks rajeev appreciate your response. Did you use end up using trust for IP or personal names..thank you
@Rajeevv777
@Rajeevv777 27 күн бұрын
@@karansharma7338trusts in the end
@rachelleoct
@rachelleoct 23 күн бұрын
Hello, my situation has changed and now I have to try to use a relative as guarantor, my question is will I still be able to purchase the property under a trust in this senatio? Thanks
@JDGUNS44
@JDGUNS44 22 күн бұрын
Depends on whose income is being used for calculations
@rachelleoct
@rachelleoct 22 күн бұрын
@@JDGUNS44 that will be my own 100k
@rachelleoct
@rachelleoct 21 күн бұрын
@@JDGUNS44 The figures would be based on my own income around 100k
@ADayInTheLifeOfJames
@ADayInTheLifeOfJames 29 күн бұрын
I love PK… But the fact this video exists shows we are heading toward a cliff with this housing market.
@vikrambajoria8773
@vikrambajoria8773 29 күн бұрын
But Trust incur more land tax because they have low threshold.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
We covered this
@megadush
@megadush 27 күн бұрын
Do you still have the benefit of negative hearing when investment properties are purchased under a trust ? I was hoping you’d cover this point..
@JDGUNS44
@JDGUNS44 22 күн бұрын
No instant gratification. on a long term basis no benefit is lost.
@Lucas-jj7oy
@Lucas-jj7oy 24 күн бұрын
Where can i get in contact with this man or someone that knows this stuff so we can write up a plan?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 24 күн бұрын
Vineet.danwar@bluehive.com.au
@EastWood2004
@EastWood2004 29 күн бұрын
With Trust I cannot get the free land tax threshold. The trust management fee is another one. If you own apartments only then the trust would be a good option.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
We covered this. Land tax is immaterial in context of gains to be made. Diversify across states
@EastWood2004
@EastWood2004 28 күн бұрын
@@AusPropertyMasteryWithPK I don’t agree with this. The threshold is 1 Mil in NSW. 1.7% of 1 Mil annually is huge.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
@@EastWood2004 no need to buy a property with $1m land value. Buy affordable and diversify. Anyway, feel free to disagree, I’m just trying to bring alternative views to help folks
@carmenransley9887
@carmenransley9887 28 күн бұрын
What trust structure are we talking about? Company Trust?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
Discretionary with corporate trustee.. but always check with your accountant
@Mahdi20832
@Mahdi20832 27 күн бұрын
i think to take loan on trust....have to show 2 years profit..
@nq6417
@nq6417 27 күн бұрын
@@Mahdi20832 nope. You’ll find the funder will want a trust and corporate trustee company with no business and no transactions.
@vikrambajoria8773
@vikrambajoria8773 29 күн бұрын
But PK having property under Trust would Incur more land tax because Trust have low land tax threshold
@Rajeevv777
@Rajeevv777 29 күн бұрын
Depends on the state and land threshold. The ones PK has in his client examples (on his FB group) don't usually meet that threshold
@officialspock
@officialspock 29 күн бұрын
That's why you diversify, don't just buy in one state
@nq6417
@nq6417 29 күн бұрын
Zero threshold for property in a trust. You pay on the first property
@jimm3379
@jimm3379 29 күн бұрын
@@Rajeevv777 if you hold them long enough, the growth will eventually trigger the threshold. But, what’s a bit of land tax if you’re hundreds of thousands in front.
@Rajeevv777
@Rajeevv777 27 күн бұрын
@@nq6417 I've got states that both do and don't charge with different trusts - depends on the trust and $$ that's the land is worth
@cyborg_cr7488
@cyborg_cr7488 26 күн бұрын
This highlights how broken the Australian property market is. People who can afford are driving prices to crazy inflated levels. While the rest are getting increasingly homeless. p.s. I am not homeless, and technically a millionaire. But the system is fucked by the greed. 😂
@jonathanroy5924
@jonathanroy5924 29 күн бұрын
90% of people own 3 properties because that stat is from individuals tax returns - of which their trust owning properties wouldn’t appear.
@leonie563
@leonie563 28 күн бұрын
Sorry, did you just say that ATO don't see Trust occupants?
@jonathanroy5924
@jonathanroy5924 28 күн бұрын
@@leonie563 no
@lambasamba
@lambasamba 27 күн бұрын
PK, i want to meet you in person. How can i reach you? AC here
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 27 күн бұрын
I do group meetups every now and then in different cities
@jiripeconka4494
@jiripeconka4494 27 күн бұрын
400k is mid-income Australian family? I thought the 250k would be the middle of that range or towards the top but he started that range there. Would that be an elitist strategy then?
@JDGUNS44
@JDGUNS44 21 күн бұрын
No. Its more critical for families on lower income groups to preserve borrowing capacity
@Mahdi20832
@Mahdi20832 27 күн бұрын
Trust? it means business..... have to show 2 years profit.... isn't that correct?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 27 күн бұрын
Trust is a structure.. not a business.. even in business there’s ways to get a loan with less than 2 years
@vineetdanwar
@vineetdanwar 27 күн бұрын
No
@nq6417
@nq6417 29 күн бұрын
Another thing I never see around these conversations is this: You need to get a solicitor’s advice on the lending within the trust because you are effectively going guarantor for the trust loan. It’s $1,700 for a solicitor to read your obligations and witness the signing. No way around it either. Make sure you factor that into your costings
@jonathanroy5924
@jonathanroy5924 29 күн бұрын
Good point well made
@jonathanroy5924
@jonathanroy5924 29 күн бұрын
I found some for $900
@Schoolstuffs2011
@Schoolstuffs2011 17 күн бұрын
I dont mean to be negative, but essentially, you need to be pushing an accountant to sign off that the trust is self-sufficient but at the same time your mortgage broker and yourself know it isnt unless you are putting money in externally... so essentially, the crux of it is to lie to get ahead and find an accountant who has questionable ethics. I still like trusts as I know eventually the Trust will be self-sufficient, and i like the discretion of where to direct the income, but if im an ethical person, really this method doesnt help very much at all. Not to mention the income required to be a middle income earner. I think my wife and i are on like 150k all up, haha. Guess we are equity rich income poor.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 17 күн бұрын
I’ve just published a video with a tax lawyers take on it
@maryjavasilyevna861
@maryjavasilyevna861 22 күн бұрын
IMHO if a property is self sufficient, why bother with trusts …
@rgobando76
@rgobando76 28 күн бұрын
This broker has forgot a very basic and key element, which is "Land Tax" so the reason you want to have 1 Trust per Property or maybe 2 depending on Land Tax Threshold calculation vs Trust setup cost. Having many properties in 1 single Trust as recommended by him is a no go for me on this basis.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 28 күн бұрын
It’s a cost vs benefit.. on a $500k property you maybe be spending another 500 a year on land tax (more in vic), but this is less than the cost of a whole new trust. We did cover it, have a re-watch. Depending on price point and state, the ideal number may be 2-4 properties per trust
@mdnayeemhossain2750
@mdnayeemhossain2750 25 күн бұрын
If I had $600k - $1.2m borrowing capacity after purchasing 3 properties, then I wouldn’t have any problem to begin with !! 😂
@dsahfia
@dsahfia 19 күн бұрын
Royal commission incoming
@gregfields011
@gregfields011 29 күн бұрын
I'm pretty new to understanding trusts... Would you get any benefit if you are single?
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 29 күн бұрын
It’s a long term decision.. you may not be single forever
@jocelynsamson3389
@jocelynsamson3389 24 күн бұрын
That's a nice one very clever. Look ahead. haha 😊
@dailyhacks4634
@dailyhacks4634 7 күн бұрын
200k income is middle income? Interesting
@johncorey5297
@johncorey5297 29 күн бұрын
i cant believe middle class is $250k - $350k and high end is 500k must just be me sitting here on $110k a year thinking its decent but im actually lower class in terms of borrowing capacity
@alfamiura
@alfamiura 28 күн бұрын
This is HIS definition, $400k household isn't 'mid' generally.
@katiew7480
@katiew7480 26 күн бұрын
He’s also assuming two people earning
@devon.a
@devon.a 19 күн бұрын
Slow down a bit there bro, explain yourself, you're just dumping
@rohankorde3367
@rohankorde3367 24 күн бұрын
How do i get in contact with vineet for investment advice? On trust structures
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 24 күн бұрын
Please see description of vid
@ourbeautifulplanet1
@ourbeautifulplanet1 29 күн бұрын
Coming from Mars.......we live in planet earth🌏.....😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮...
@manavkumar5743
@manavkumar5743 22 күн бұрын
Can you please share Vineet's contact details
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK 22 күн бұрын
See description
@manavkumar5743
@manavkumar5743 22 күн бұрын
@@AusPropertyMasteryWithPK sorry couldn't find it there all the links are for your other videos.
@sumersingh-hr5tp
@sumersingh-hr5tp 27 күн бұрын
Yes
@SeemanSeemanism
@SeemanSeemanism 29 күн бұрын
Yes!
@alisaljoughian3857
@alisaljoughian3857 11 күн бұрын
Yes
@daninigosana303
@daninigosana303 9 күн бұрын
Yes
@laxmansss
@laxmansss 27 күн бұрын
Yes
@CoolViews101.CoolThings
@CoolViews101.CoolThings 27 күн бұрын
Yes
@PaulMorton-rj1cc
@PaulMorton-rj1cc 27 күн бұрын
Yes
@willjackson189
@willjackson189 23 күн бұрын
Yes
@ghazalshirazi8790
@ghazalshirazi8790 18 күн бұрын
Yes
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