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Don't Pay Off Your Debt...Yet!

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Personal Finance with Ravi Sharma

Personal Finance with Ravi Sharma

Күн бұрын

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passive income from property
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interest rate changes
cashflow positive properties Australia

Пікірлер: 22
@zubinix
@zubinix 4 ай бұрын
Don't over leverage. You need a buffer for when your property is not tenanted, repairs, renovations etc...
@porkbelly1144
@porkbelly1144 4 ай бұрын
I’m all for leveraging but what people have to realise is that banks will not lend you money if you do not have the capacity to service those loans.. irregardless of how much cash or assets you have on hand.
@Nerdificationing
@Nerdificationing 29 күн бұрын
Irregardless is not a word 😂
@triplea007
@triplea007 4 ай бұрын
Nice one Ravi. Debt is like fire. Sure, it can burn you. But good luck in winter if you don't have it.
@ronaldov09
@ronaldov09 4 ай бұрын
This only works if property prices increase...and the way things are heading I'm not sure thats going to happen much.
@rochester3
@rochester3 4 ай бұрын
if you split 500k and buy 2 properties worth 1million each it doesn't mean that your net worth is 2 million but you are controlling 2 million worth of properties with 500k, but its still a liability if its not cash flowing with rental income
@rustyrulze
@rustyrulze 4 ай бұрын
That data calculator you used to illustrate growth, is that on a particular website?
@AamirKhan-ub6zp
@AamirKhan-ub6zp 2 ай бұрын
What will be the monthly interest payment on 1.5 million loan. How is one supposed to cover that? Rent is definitely not going to cover this for current interest rates. This means you end up paying money monthly on top of your original 500k.
@TheWorldofBlinky
@TheWorldofBlinky 4 ай бұрын
Great Advice!
@doublecrunch
@doublecrunch 4 ай бұрын
Ravi, thanks again for your really clear and informative videos. Also, what was that calculator you used and where can it be found?
@jerrys6100
@jerrys6100 4 ай бұрын
Very crisp info as usual. Can you please include calculation for negative geared property wuth a 75k base salaried individual.
@jonv570
@jonv570 4 ай бұрын
are you serously that lazy?? if you gave AF about that question you would have done it yourself
@Hooooodad
@Hooooodad 4 ай бұрын
You say hold 20 yrs, but isn't investment property on interest can only be held for 10?
@Disciplineislife
@Disciplineislife 4 ай бұрын
Yes that is partially true but you can refinance again after 10 years for interest only payments.
@SimpleCapitalAdvisory
@SimpleCapitalAdvisory 4 ай бұрын
Paying off your mortgage with your hard earned money is one of the least productive ways to use money!
@simonborg1654
@simonborg1654 4 ай бұрын
Raiv, i booked a call from your team last week, and I've had no response?
@PersonalFinancewithRaviSharma
@PersonalFinancewithRaviSharma 4 ай бұрын
I believe someone from the team has contacted you now :) keen to make some moves
@jonv570
@jonv570 4 ай бұрын
who the fook is this guy?
@PersonalFinancewithRaviSharma
@PersonalFinancewithRaviSharma 4 ай бұрын
HAHAHA! I can’t even be angry about this comment. McGregor forever #redpantynight 😂
@dickiesdocos
@dickiesdocos 4 ай бұрын
I'd love to see you buy a house for 500K in Australia. Maybe out in the middle of nowhere, but not in our capital cities, and If you found something, it would need some serious work.
@PersonalFinancewithRaviSharma
@PersonalFinancewithRaviSharma 4 ай бұрын
You may be in shock when you see our Instagram page. We do 10+ buys like this every week 🫡
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