Don't Buy A House...Yet (Home Vs Investment Property)

Рет қаралды 17,911

Personal Finance with Ravi Sharma

Күн бұрын

Пікірлер: 41

@splash0114 2 ай бұрын

With how prices are going, my question is “can I afford to buy groceries AND get a haircut?” 😅

@neww0lf611 2 ай бұрын

A decent haircut costs $45 in melb western suburb

@user-jimmyjimsta 2 ай бұрын

@@neww0lf611gold coast Barber some charge $60 now pathetic

@BygoneBackpacker 2 ай бұрын

@Ravi, the broad suggestion of your video is to get an investment property, the reasons for which are clear. However, what are your thoughts on - in the first instance - to take advantage of first home buyer perks on your first property, and then (after one year of PPR), moving back into rented and renting out that property? Is there any financial merit in doing that, or is it fundamentally better just to jump straight into an investment property?

@krishlanaidoo8392 2 ай бұрын

I am talking from my experiences i had five properties and a farm . 2008 everything got wiped out. So i know what i am talking. They should get rid of negative gearing. People should have one house one car and be debt free. Go back to olden days. Too much debt. Its not healthy. BE CONTENT BE HAPPY. YOU CANNOT TAKE ANYTHING WITH YOU WHEN YOU GO. WHAT I KNOW KNOW THAT WHAT I WOULD TEACH PEPOLE. PEOPLE ARE PAYING 80% OF THERE INCOME FOR MORTGAGE ITS THAT WITH IT. GOD NO. ❤😢❤😢

@user-jimmyjimsta 2 ай бұрын

I say this everyday so true everyone is brain washed to try be rich

@chetshroff5200 Ай бұрын

@ravi, buying an investment property on a lower budget as a 1st purchase and continuing reinvesting, how will we be able to our own place 10 years later as the prices go up as we currently still can get an apartment under 600k in Western Sydney? I lean towards investing as I watch your videos.

@svenerikmoeller8809 Ай бұрын

Dude, check out the Blue Mountains or if your willing to travel a bit further, Lithgow. The mountains prices have dropped by over 8 percent in the past three years with housing starting around $650000 or Lithgow where the average price is half a million. Sold a Roseville property that garnered $900 a week and bought two blue mountains properties with granny flats for the same price and now sells n $1920 a week. The time is now to buy

@tannazdolatshahi5142 2 ай бұрын

The problem is that if you are a normal person, when you get to retirement age and if you don’t own your own place outright you will most likely struggle :(

@joekeegan-yc4nm 2 ай бұрын

💯

@Scott-ll9rb 2 ай бұрын

Having a good broker is good too

@lmaccaAus 2 ай бұрын

Can you not get the best of both worlds by living in your investment property? For example, buy a 3+ bedroom house to live in one room and rent the other rooms? Are there any negatives that I should be aware of with this approach?

@ritmolatino1627 Ай бұрын

the main thing to be aware would be sharing the place and their habits and personality, I would suggest it

@funkyguy99 2 ай бұрын

Some people that are asset rich are cash poor and even retire with debt owing on their property.

@svenerikmoeller8809 Ай бұрын

That’s how they become wealthy whilst simultaneously contribute to the system whilst all the other comments are from whinging fiscal peasants that find working over 40 hrs a week a bit too hard!

@shane0traveller451 2 ай бұрын

Great insights and advice

@TrickstaAndrew 2 ай бұрын

What if you own the house outright? How much of a positive effect would that carry over to your borrowing capacity?

@ritmolatino1627 Ай бұрын

lots

@troypanapa9884 2 ай бұрын

What type of experience and skills would someone need to work for your agency?

@svenerikmoeller8809 Ай бұрын

Buyers agent course

@lumpadumpa123 2 ай бұрын

Rent is also not tax deductible. I bought a place in the area I’ve been renting and my mortgage repayments are less than rent I was paying before and I regret not doing it earlier

@U.s.e.r.3493 2 ай бұрын

Completely avoids covering this point

@Hunty49 2 ай бұрын

Rent gets counted as a taxable income subject to the current income tax bracket you're in. This should be offset by the loan interest being tax deductible. You should also get deduction from depreciation, rates, etc. If you lose more money than you made, you can get a tax return because it will reduce your taxable income.

@lumpadumpa123 2 ай бұрын

@@Hunty49 I’m talking about your own rent where you live while rentvesting

@Hunty49 2 ай бұрын

@@lumpadumpa123 Oh. That's true. If you buy an investment property, you need to live somewhere. Mum and dad are never happy when you're "releasing the main vein" in their bathroom.

@lumpadumpa123 2 ай бұрын

@@Hunty49 💯

@dustblowingman 2 ай бұрын

Im buying a property to live in with a granny flat attached to rent out so i can get the best of both worlds until I can then get an investment property too

@joekeegan-yc4nm 2 ай бұрын

Go for it. Not a single soul knows where we will be at in twenty years.

@svenerikmoeller8809 Ай бұрын

That’s the best investment, have two properties both with granny flats that gives me a 5.4 percent rental yield. I just hope that the government will allow more then one granny flat per property, eases the housing crisis whilst allowing me to make more cash.

@joekeegan-yc4nm Ай бұрын

@@svenerikmoeller8809 Mate I love how it's justified!!💪 or 💋

@MsSeine 2 ай бұрын

And this is exactly why they need to remove investor incentives. Allow “homes” to become “shelter” for families again, not “investment items”. End the rental crisis and the excess of potential home owners forced into the rental market due to catapulting property prices. These high prices driven by an excess of greedy high income earners with portfolios of properties enjoying huge tax benefits, and competing with families looking to buy homes without the financial benefits! We need a correction in property prices. Renters can again become home owners. And with the correct tax garnered from excessive income earners, a whopping $2B, the government can spend on fixing the housing shortage, particularly public housing. Homebuyers shouldn’t need to compete with someone buying their third and forth properties, and reaping all the tax benefits and savings homeowners don’t enjoy. Investors go back to investing in the sharemarket and let Australians access affordable homes again.

@svenerikmoeller8809 Ай бұрын

You do realise that 70 percent of landlords only own one extra home?! Only 29 percent own two investment properties?! Seriously sweetie if your gonna go against those who have invested their own money for your shelter then why should we lease to you, after all foreign students pay more whinge less.

@MsSeine 12 күн бұрын

@@svenerikmoeller8809 I think you should revisit the statistics and check your facts.

@svenerikmoeller8809 12 күн бұрын

@@MsSeine 71.48 of all Australian investment properties are owned by Aussies that only own one investment property! 18.86 investors own only 2 investment properties ! 5.81 own only three Ect ect The number of sites including the Australian Bureau of statistics, so please don’t believe empirical evidence and remain a fiscal peasant, talk about karma!!