10% or 20% What size deposit should you do?
Рет қаралды 8,002
4 жыл бұрынIn this video property Investor Eddie Dilleen shares his opinion on what he would do if he was starting out from scratch and investing in property from the beginning (this is not financial advice)
If you would like to speak with Eddie Dilleen contact us at Dilleenproperty.com.au or email us at admin@dilleenpg.com
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Property Investment Australia
Build a Property Portfolio
Purchase Properties in Australia
Property Investor
How to Invest In Property Australia
Using Leverage to Build a Property Portfolio
Affordable Property Investing
Property Investing for Beginners
Property Investing Strategies
Deposits
Property Deposit Size
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.
@adriansy365 3 жыл бұрын
bro im new to all of this buying property, and i wanna get into it thanks to you 😎👍🏼 when i saw your other vids with you buying house less than 300k it was a mind blowing... here where i live “central coast 1hour -1hour and half north of sydney” 10 years ago house was only 280k to 350k. now 10 years later it is selling for minimum $490k to $800k
@amazingtint6308 3 жыл бұрын
Thank you, clear and simple explanation)
@tteariki330 Жыл бұрын
Thnx so much for the info.
@kirk1canedo 3 жыл бұрын
This video really helps bro. I am starting my portfolio. I bought my 1st property Dec 2019. Which is a 2 by 2 apartment. One room I am living then the other room is rented out. I am planning to buy the 2nd property by 4th quarter this year. I am really confused of using LMI or putting a 20 percent deposit. Now it makes more sense to me. Use the bank money then multiply assets. What about the repayments coz I pay more interest will it affect my next borrowing capacity in the future?
@Bigchunkymonke 3 жыл бұрын
Great idea Eddie..even you leave your rest of money in offset account?than paying full 20%?which you can access any time..
@financeok5964 2 жыл бұрын
The good old days before 2008 with 105% loans!! Good old RAMS
@lukehughes3078 3 жыл бұрын
I learnt that LMI is a tax deduction today! BOOM!
@pratikpatil6865 2 жыл бұрын
It’s not tax deductible. You can only reduce the amount from the capital gains during the sell of the property.
@joshuawerdnac5071 3 жыл бұрын
Nice. In what scenarios would you prefer 20% instead?
@nasser.fard1 3 жыл бұрын
I guess your own residential property in which case you wouldn't be able to claim the tax off the LMI
@user-rh3mj9kb5q 7 ай бұрын
Where can you buy a 300k property nowadays? Maybe make an updated video ss average poperty pricr now is 600k 😢
@mimiroselorraway274 5 ай бұрын
Definitely still places where you can find an investment property for 300k! You just need to look further out of the major cities.
@cryptotherapy7189 Жыл бұрын
Why not a 5%?
@eddiedilleen_ Жыл бұрын
Would do a 5% deposit for sure if capital is lower :)
@mariacheng4226 8 ай бұрын
10% so can afford the Eddie's agency fees
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