How to Buy 10 Properties in 3 Years With Only 100k

Рет қаралды 146,270

2 жыл бұрын

In this video, Eddie outlines a strategy he has used to leverage and build his property portfolio quickly and effectively. This strategy teaches you how you can reach 10 investment properties in just 3 years with only 100k in savings or equity.
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Пікірлер: 617

@Oliver-Lucas 7 ай бұрын

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

@AnnelieseGretel 7 ай бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@Oliver-Lucas 7 ай бұрын

@@AnnelieseGretel That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@AnnelieseGretel 7 ай бұрын

@@Oliver-Lucas My advisor is Alice Marie Coraggio;

@AnnelieseGretel 7 ай бұрын

You can look her up online

@AnnelieseGretel 7 ай бұрын

@WilliamEthan00 Nah I Can't say I can relate, Alice Marie Coraggio charge is one-off and pretty reasonable when compared to what I benefit in returns...

@abdx7777 Жыл бұрын

There is borrowing capacity, I bought two properties and after that banks are not giving me any more , Dilleen is working as property agent and making money from clients adding to his borrowing capacity. You need to have high and more income to continue getting additional loans

@gun30t 5 ай бұрын

Poor you with your two properties. My heart goes out to you.

@abdx7777 5 ай бұрын

I understand your feeling, I love properties , but can’t get any more loans

@tonyvjames Жыл бұрын

Great plan but just after this was made, we had 13 rate rises in 12 months. Cash flow would be frightening.

@Jasmine_DD 8 ай бұрын

It's important to be flexible and adaptable in business, especially when unexpected changes occur. In this case, it would be wise to reassess the plan and make adjustments to account for the increased rate rises and potential impact on cash flow.

@goudagalindo1790 6 ай бұрын

The rates are always going to change. Don’t let that stop you from making your money.

@jimmyho6849 4 ай бұрын

Need to have the budget for the cases and I think if interest rate is about 3%, you should lock it to fix rate

@Sarahbb7852 2 ай бұрын

Exactly

@tteariki330 Жыл бұрын

Thank you for the info. looking forward to learn more.

@nqalavusumuzidlodlo5693 8 ай бұрын

Thanks Eddie You're doing a great job mate.

@bobzhang2750 Жыл бұрын

How to get enough loans for the third and fourth properties?

@josediazvrc Жыл бұрын

Hey! thinking of implementing this strategy. Could you do another video elaborating on the banking/borrowing side of things? Thins such as: What are the ranges of loans from banks regarding income? - Do banks see overleverage with buying so fast? - What do banks require and the overall time between loans? Thanks in advance

@adityaacharya2329 11 ай бұрын

I think this is applicable in theory only. If not everyone would be using this method to be "guarantreed" rich within a short time.

@Jimbo_Gringo 10 ай бұрын

This method is basically out the window now mortgage rates have gone up, best way to make this work is wait for the inevitable slump/crash in house prices and get in then and hope the boe has to drop rates right back down due to the destruction they cause in the economy by trying to fight inflation.

@chandrakumar3266 Жыл бұрын

Great explanation 12:20 seconds that you have worked your arse off for the deposits. I was thinking, how come you can buy only with the equity as bank will think the loan is not serviceable if you do not have job. Great strategy Eddie.

@jaxdier326 Жыл бұрын

Great content, videos like this and insight from an expert really helps.

@adamkings001 Жыл бұрын

Hello Jax dier, how are you doing?

@phutran-ec8yc 8 ай бұрын

great plan. the bank very happy

@duncanhay Жыл бұрын

Thanks for the video. I want to get started very soon and would like a 10 year exit strategy. What do you think about apartments in small blocks that are easily renovated. I'm handy with the tools.

@fredsalfa Жыл бұрын

Thanks I’m going to do that. I have equity in my current property I can use

@DBBBB Жыл бұрын

No one ever explains borrowing capacity limitations in these examples. Unless making 200k a year, you’re not getting 1.2million dollars worth of debt in 8 months (for he first 4 properties). Can you explain how to get over his hurdle?

@krishnatrivedi3676 Жыл бұрын

This is precisely my question

@DBBBB Жыл бұрын

@@krishnatrivedi3676 Notice how no one ever answers it lmao

@adammadtin8451 Жыл бұрын

Positive gearing ?

@adammadtin8451 Жыл бұрын

You don’t need 200k a year if it’s positive geared

@DBBBB Жыл бұрын

No, not the way banks assess rental income and the timeline you need to meet their requirements. Banks assess rental income at 70% or 80% of net, and to then get a property to 20% yield on debt you're waiting for a few years. So this doesn't answer the question of buying 10 properties in 3 years. Even if they all make $500 a month net profit, the bank won't loan you anything beyond your first 3 or 4, simply because the way they assess you will actually be running at a loss, because they're hyper conservative. You would need something like 60% LVR across your entire portfolio for your rental income to even come out neutral based on a banks assessment model. Unless you're coming in with huge deposits, you're not getting to 60%LVR inside 3 years on even 1 property. So it doesn't make sense that you can buy 10 in 3 years unless you're solving that borrowing capacity problem. I've bought 2 properties, with a total portfolio value of around $1mil, in 3 years, and I have an average LVR today of 70%-75%. And that was in the extreme conditions of Covid during that huge growth period. Both my properties are also positively geared by about $500 a month each. In normal circumstances, that ain't happening. I appreciate the reply, but it's incorrect haha. Do you have rental properties? This is something you would know if you do..

@Will-yr3zt Жыл бұрын

BANKS. DO. NOT. LOAN. OUT. MONEY. LIKE. THAT. It's largely based on your income. You need to be a very high income earner if you want a bank to hand you that many individual home loans. Not to mention your plan involves landing "3 pointers" repeatedly and if you miss just one, the house of cards falls apart. Forward thinking and proactive planning leads to success... but this video is pie-in-the-sky stuff.

@rp4496 Жыл бұрын

Yes they do. Done it 25 times

@CleanLuxuryCosmetics 3 ай бұрын

lol. He clearly said that he had to save about 20 genuine deposits. He is using equity and savings.

@Will-yr3zt 3 ай бұрын

20 genuine deposits in todays money would amount to roughly 2 million dollars. Average Joe's are not saving that amount in their lifetimes.

@CleanLuxuryCosmetics 3 ай бұрын

@@Will-yr3zt oh stop it. Deposits range from 5 to 20 percent of purchase price. 5k to 60k just like he said in this video. Please use logic and math before rattling off false information. If you make 40k at one job and 20k at the other it would take roughly 3 months to 2 years by yourself. With a significant other it would take way less time. Oh. And there is deposit assistance programs that will just give you 10k to 40k. Then there is NACA that will give you a mortgage for a quadplex with no money down at all with a less than market rate interest rate. If there’s a will then there is a way. Not trying to be rude, but people that think like you water a lifetime wishing you could out even becoming bitter over the years. Just know you can and find a way.

@CleanLuxuryCosmetics 3 ай бұрын

The more cash flowing properties you get, the more your income increases. Even with the first multifamily property, banks consider you potential rental income as income for approval purposes.

@benjaminfrizzell9077 Жыл бұрын

Thanks for the video Eddie. My concern would be that if you have used equity on a property could the bank then margin call you if the property price reduces? It seems likely that property prices will drop 15-20% in 2023/2024. This along with interest rates possibly exceeding the yield (possibly getting as high as 7%) makes this aggressive style of investing seem very risky to me. What will you do if the above does happen?

@arbyka 8 ай бұрын

Great theory based on highly positive assumptions. Good Luck

@czj6889 Жыл бұрын

thanks for the video, do we need to consider borrow capicity from bank?

@eddiedilleen_ Жыл бұрын

Yes of course, this definitely comes into it.

@bernyvid Жыл бұрын

Is now a good time to buy "under market value" in Melbourne?

@efftoon24 Жыл бұрын

Thanks for the content, I’m just starting to look for buying and investing into properties and this gave me an great perspective on what to do and look for

@brandmotivo 11 ай бұрын

You're stupid if you think these clowns know what they're talking about. Wait and see... things are turning as I advised years ago.

@danielwhite3048 10 ай бұрын

Wow Thank you so much I understand 100%. It is a magic. and it is going to really work in Booming market like nowadays. 👍👍👍👍👍

@MrSteve72 2 жыл бұрын

It's going to be EPIC!

@danielguo1033 Жыл бұрын

I am more interested to know how you serve your loan interests repayment?

@MJ-gm6xn Жыл бұрын

Which apps would you suggest?

@Ryan1212 Жыл бұрын

Can you find the owner who sells property under market value?

@christryst Жыл бұрын

Are the loans variable? What happens when interest rates rise?

@BBOYEZ_EDITZ 8 ай бұрын

Hi Eddie, your book and videos have been so helpful mate. You’re doing good work keep it up 👍

@Warlowisnumberone 2 жыл бұрын

This is awesome!

@morgunz5365 4 ай бұрын

Great video. Really got me thinking. That's a lot of debt to accumulate, tho. At what point would you hit the breaks and sell like 3 or 4 of them with the growth and try and bring the loan down a bit? Then you could clear all of it even if you just got too keep two(ideally) and then restart the cycle to mitigate the risk.

@androidphone8442 Жыл бұрын

Sounds good on paper. One more issue to consider is the Transaction costs are roughly around 5% give or take and one maintenance or bad tenant could make a positive CF a negative one. So in your example 300k with stamp duty and other expenses will require another 15k and with 90% one may also have to consider LMI which may be another cost to add.

@eddiedilleen_ Жыл бұрын

Eddie's figures used in the video includes associated costs like stamp duty, legal fees, LMI, etc.

@matmaism 10 ай бұрын

@@eddiedilleen_ Do they include how much someone would be underwater haemorrhaging cash right now if they did it?

@myp0h 7 ай бұрын

I know. Anything is great on paper but in reality it only works for 1-5% of people.

@aussiemenat Жыл бұрын

Thank you so much

@adamkings001 Жыл бұрын

Hello AussieMe, how are you doing?

@shotgunfive Жыл бұрын

The bank will only lend you 80% of the equity, how will this method still work?

@vitocorleone1462 2 жыл бұрын

Bro that many properties by 30? Hats off to you man

@eddiedilleen_ 2 жыл бұрын

Thanks Vito! Almost at 50 properties now :)

@CleanLuxuryCosmetics 3 ай бұрын

Why did you choose not to buy quads with 100k though? Any reason? I’m really interested because I am actively searching for a quadplex. I would like to know if there’s something i should be aware of. Thank you in advance.

@Alex_CJQ Жыл бұрын

Can someone explain this? 06:00 I still don't get it. You get house re-evaluated at 360k, and you take 320k (90%) as a loan instead of your original 270k You take an extra 50k in loans? So you go 50k deeper into mortgage? How do you get that 50k in your pocket?

@stevethedonful Жыл бұрын

Lots.of ifs and buts in that strategy.. but appreciate the insight

@6478nick Жыл бұрын

This sounds good. Can you tell us where are such properties in Canada? Ontario. NOT a chance.

@adamkings001 Жыл бұрын

Hello N M, how are you doing?

@user-pm5gp9xn3n 6 ай бұрын

Is that an idea of selling all off after 10 properties to buy 1 property worth $3m near cbd for aiming capital growth?

@tongihakohako9860 Жыл бұрын

Anymore video I am keen to learn more please

@allwynmasc1 Жыл бұрын

how are you buying all these properties when the combined value of all of them will be more than your borrowing power?

@mohamadhamdan3636 4 ай бұрын

Thanks mate

@CheesyPumbah 4 ай бұрын

Each time you take out equity, doesn't this become another loan you will need to pay interest on?

@smile4me844 10 ай бұрын

Thanks. I'm curious to know why you opted for a duplex rather than single family homes ?

@eddiedilleen_ 10 ай бұрын

Just an example, either could be used. Duplexes tend to have higher cash flow though

@norynwong620 Жыл бұрын

This method bot suitable in Malaysia because process to buy 1 house take 6 month and and for rental income declaration by bank is 3 month.

@MonicaMaco 5 ай бұрын

This sound good on your board, reality is totally rough out there with banks, rates, loan capacity...

@benkirk1471 Жыл бұрын

The strategy is good. However, what is your income that allows you to borrow these loans from the bank? What if all the houses were not rented out for what ever reason? You would need to service all the loans? I’m always baffled because the banks always seem to tell me that I cannot loan any more?

@jumyswift9441 Жыл бұрын

Your right, his strategy is not feasible. He saying as if the bank will lend you all the money with income even under $50,000 a year @@. You must be earning more than at least $300,000 a year to adopt his strategy

@AGMI9 8 ай бұрын

this strategy is usually for well of people, especially in times of high interest rates

@wongchunhimfrancis Жыл бұрын

Hi there, how much does the land tax change in Queensland change the cost calculation? I’m worried about this strategy and see if you can help supplement on the strategies to get through it. Thank you

@eddiedilleen_ Жыл бұрын

Hey Francis, Eddie recently made a video about land tax changes, take a look here: kzfaq.info/get/bejne/iLdhmrqUyJm5oKc.html

@matrix998 Жыл бұрын

Mate with all due respect what are your maintenance costs on your 40 properties do you sleep at night and if you do you must have the world's greatest tenant's and the cheapest trade's people in the market 😉

@GalvinPaine-rf8fr 10 ай бұрын

Thanks bro

@squallzie Жыл бұрын

Hi Eddie, thanks for the video. By taking equity out of the properties, that means you will have more debt on that property, and reduces your cash flow for that property. On top of that, there are the new loans for the new properties. How do you actually pay for all the mortgage payments? And when do you actually start to have a high cash flow from this strategy? Thank you.

@goodday7099 Жыл бұрын

With the re-evaluation, I would assume that the debt would not really increase relatively?

@robertwillis1676 Жыл бұрын

the new loans should be covered by tenants if you do your numbers right and are positive or neutral geared. All investment properties ideally should be on Interest only for 5 year periods to start. That reduces costs and increases cashflow while building equity.

@deanjohnwatch Жыл бұрын

yes but still with interest only aren’t positive cashflow. Very rare or everyone would be doing it

@adamkings001 Жыл бұрын

Hello squallzie, how are you doing?

@dixdon100 Жыл бұрын

Thanks for the video - A question : you talk about financing 90% but we also need to pay our monthly installments but the amount that we get from the rentals is not sufficient to pay off the monthly loan installments so we end up paying additional every month from our own equity. How will you work this out?

@sx2000 Жыл бұрын

That's where he's saying to live frugally, extra jobs and grind it out.. You still have to pay regardless..

@pasalavenkatasatish7027 Жыл бұрын

Dont forget the tax return you can get from your day to day job, because you invested in bussiness gov pays back your tax..

@MegaJohnnycage 11 ай бұрын

Yeah you are fcked when you cant pay. Goodbye the deposit, as long as this guy got his cash form the bs seminar or whatever he's selling

@wk7655 Жыл бұрын

Thanks for sharing your experience. My question is how to get mortgage for the second property?

@samarkan7374 Жыл бұрын

What happens is for next property bank considers rent as your income That is why if you are low earner first 2 property should be positive cash flow The problem usually start from property 2 onward as banks considerc%80 of rent as income oppose to payg which is %100

@bigxspec7509 Жыл бұрын

Hi, great video. Curious as to how we can know the 3 main points for this strategy. ie: what the market value would be (so we can buy under it), good cash flow & metro growth markets?

@eddiedilleen_ Жыл бұрын

Hey there! You can find the market value by looking at comparable sales in the area, doing bank valuations/different types of valuations, etc. In terms of cash flow, this can vary depending on many things, but you'd want to aim for a good rental yield of 5% - 9%. And for growth metro markets we are looking in Brisbane, Adelaide & Perth markets about 10km - 40km from the CBD. Hope this helps! If you'd like some more information on how we can help you, please email us at: admin@dilleenpg.com

@peachsaiyan4990 Жыл бұрын

am i supposed to have to 100k myself?

@Cayman23q-zf4ff 11 күн бұрын

Have an investment property in bathurst.Want to buy another somewhere else.Any suggestions? Where abouts in Perth?

@Sim_Playz 5 ай бұрын

how can a person increase his borrowing capacity for this

@yasmeenfareed6150 Жыл бұрын

I am PhD student is I buy any property in Australia

@satyajeetloke7747 Жыл бұрын

what about the buying capacity?

@welshmin1286 Жыл бұрын

Using equity is easy, it's the borrowing cap that is hard. Good luck servicing 10 rental purchases on standard 2x family income. Most will cap out at 2x rentals and an Oo property max

@jrtpaul Жыл бұрын

He really doesn’t address it. Once they start with property 5 they have like $2m debt and no explanation as to how you borrow more

@welshmin1286 Жыл бұрын

@@jrtpaul man that's it exactly, there just isn't enough income from a standard couple for 2m in debt even with a few rentals all cash flow positive

@maxine6933 Жыл бұрын

True

@kIsulOvu Жыл бұрын

Well, he did say in the video that he worked 2-3 jobs, maybe that’s how he can borrow more?

@raycorc Жыл бұрын

Yep you’re gonna have very low equity in every property (risky when things turn) and assuming you’ll buy 10 consecutive properties for 10% ‘under market value’ in a row is easier said than done This strategy can be done but the above example is using very favourable circumstances across the board

@dukiejmac Жыл бұрын

After acquiring the properties how do you receive the equity? Also, are you keeping these properties as long-term rentals or selling after there is an increase in value?

@eddiedilleen_ Жыл бұрын

Keeping them long term to take advantage of the compound growth affect. Equity gain is through buying below market value and the property increasing in value over time. This can be released and used toward another property purchase :)

@Phongdinh-rp1ho Жыл бұрын

How do you service the loan in the bank's eyes when your borrowing capacity is $600-$800K?

@jumyswift9441 Жыл бұрын

Its impossible

@nonsamasama976 2 жыл бұрын

Great channel 👍I like investing on ETF but I like houses... I had nvestment properties but it was in Japan..now I want to buy the investment properties in Australia with my kids! Different systems but Australia is easier to start the investment than Japan if people know how to do it. Also Australia is a great country as population is always growing so rental property is always in high demand! Thanks for sharing your experience. Ill use your videos to educate my kids.

@peemun4545 2 жыл бұрын

Question: I am about to go to the market for my first home, but was wondering with 100k deposit, can you purchase a multiple homes (one for living and the rest for investment) with one home loan? If yes, how can be done, knowing that purchasing investment property requires 20% deposit and purchasing a home to live in requires 5% to 20%? Can you please assist?

@adamkings001 Жыл бұрын

Hello peemun4545, how are you doing?

@KruzBurns 8 ай бұрын

Hey mate, is this using interest only loans for best early cash flow?

@eddiedilleen_ 8 ай бұрын

Yes!

@KruzBurns 8 ай бұрын

@@eddiedilleen_ I have one more question, I’m about to buy my first property with first home buyers guarantee. Would it be more wise to get the most expensive property I can, considering I won’t have to pay stamp duty / LMI or buy something cheaper that will have positive cash flow? I’m thinking cash flow but would like to hear it from someone with experience. Thanks

@alexbren-fk3zw 8 ай бұрын

The video is good but what about the cash flow ?

@DailyBadDecisions Жыл бұрын

Houses or units? Does that make a difference?

@eddiedilleen_ Жыл бұрын

Good to diversify between Townhouses, Units, Duplexes and Houses. It comes down to the number at the end of the day when choosing a good property deal, not so much the property type.

@zyrber Жыл бұрын

How much you earn from your 309K rental property and grow to buy another property. Could you please explain in a video. Thanks?

@josesworld419 Жыл бұрын

Can this still be done with todays interest rates?

@eddiedilleen_ Жыл бұрын

This strategy can still be applied in todays market yes. However properties with positive cash flow can be more difficult to come by, they may be slight positive, neutral or slightly negative geared. The main point to focus on is buying below market value :)

@mainstreammusicaus Жыл бұрын

Mate where are you buying $300K properties in "metropolitan" cities like Brisbane or Adelaide?

@eddiedilleen_ Жыл бұрын

10km - 40km radius from the CBD - also in Perth too, we can pick up deals from 200k - 700k

@andersonwhiteman751 Жыл бұрын

Assets that can make you rich Bitcoin Stocks Real estate

@jeremygood3246 Жыл бұрын

I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

@indiaculture5166 Жыл бұрын

Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

@cassiejacobs4197 Жыл бұрын

Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free and live comfortably

@haydencraig7149 Жыл бұрын

Talking about crypt0 I'm new to this crypt0 trading, how do I get started with a professional expert

@haydencraig7149 Жыл бұрын

Any specific guide

@gothops2632 2 жыл бұрын

Eddie, if someone bought 2 properties with a 50k deposit for each, but for the next 10 years was only able to put aside an average of 20k per year, how many positively geared properties do you think that person could potentially own after those 10 years?

@krisna106 9 ай бұрын

I'm going to assume that $300k for an investment property that has "strong cashflow, metropolitan based and good capital growth potential" is just an arbitrary number right? Because trying to find a home that fits that criteria under $300k is damn near impossible. Which makes me think that this entire strategy and timeframe is completely unachievable..

@eddiedilleen_ 9 ай бұрын

Hi there, we are still buying properties for as little as 200k - 250k in the current market. You just have to know where to look + it helps getting access to urgent sales that are typically discounted already!

@Jasmine_DD 8 ай бұрын

This may involve finding ways to increase revenue, reduce expenses, or secure additional funding to ensure the business remains financially stable.

@mblc-mybetterlifecoaching9536 Жыл бұрын

How do I get in touch with you. One of the best videos I have watched. Watching you I just felt I can do that fear Needs to go . Thank you

@eddiedilleen_ Жыл бұрын

Glad you enjoyed the video!! You can reach out to our team via email - admin@dilleenog.com or phone: 1300 833 118 Look forward to hearing from you!

@markwilliams3245 Жыл бұрын

Surely there aren't many properties left at 300k. Maybe in adelaide, or maybe Perth, but surely not Melbourne or Brisbane.

@eddiedilleen_ Жыл бұрын

There are still properties for around 300k in Brisbane and Adelaide. We get them off-market and below market value which helps :)

@myp0h 7 ай бұрын

So to get under market value is the main issue.

@sabyaus6005 Жыл бұрын

Hi I’m wondering about where u can find properties worth $350k in Australia

@eddiedilleen_ Жыл бұрын

we are finding properties in this range around Perth, Brisbane, and Adelaide in Metro areas about 10km - 40km to the CBD

@higjeff Жыл бұрын

How can you do 5% down if its not your primary residence?

@eddiedilleen_ Жыл бұрын

You can as an investor, many of our client do so. It depends on the lender you go to as they all have different policies. We recommend using an experienced investment broker to help :) The broker we work with is Justin Picker: www.pickerfs.com.au/

@dav00ss 8 ай бұрын

im on 60k a year after tax, i have a property with about 150k equity, if i move back with my parents and save and use equity could i buy 2 properties within 1 year? no kids no mrs im 41. seems like im in a good position going off this? should i aim higher? i could stay with the olds for max 3 years

@eddiedilleen_ 8 ай бұрын

Sounds like you're in a good position! Would recommend giving us a call to assess your options and find out your borrowing capacity. 1300 833 118

@fbombcamaro434 11 ай бұрын

Pretty bad assumptions that house increases so much and the banks are not that keen on 90% refinancing for investment. Generally they look that paid the house down to 80% of the value is zero equity.

@jenicemoran3848 Жыл бұрын

How can I go about it now in a high market now ?

@adamkings001 Жыл бұрын

Hello Jenice Moran, how are you doing?

@lorz9449 Жыл бұрын

Commbank want me to keep 20% equity in my property, so then I could use anything over that to buy another property.... Which bank/broker lets you keep just 10% equity in your property?

@eddiedilleen_ Жыл бұрын

2nd and 3rd tier lenders

@davosdotheloop Жыл бұрын

How do you get the properties under market value?

@eddiedilleen_ Жыл бұрын

We have a video on this: kzfaq.info/get/bejne/nrufg7Nj1OCvhac.html :)

@adamkings001 Жыл бұрын

Hello Hannah M, how are you doing?

@lukeburrows7144 Жыл бұрын

How did you go from a 50k deposit of 300k to borrowing 270k isn't it 250k. Finally someone explaining how you beat the borrowing capacity issue 🎉. Just have to pay a higher interest rate with lower tier lenders

@eddiedilleen_ Жыл бұрын

10% deposit of 30k + the associated expenses around 20k = 50k total :)

@Jack14432 Жыл бұрын

Thanks for the video! How would you know the property you are buying is under the value market?any resources to check that accurately? 🙏

@eddiedilleen_ Жыл бұрын

You can look at comparable sales on domain or real estate.com, also rp data is a great resource too. Otherwise you can get a valuation done :)

@auraoflight4429 Жыл бұрын

@@eddiedilleen_ But how do you buy below market value? And probably alot of other ppl are also eyeing those same ones?

@eddiedilleen_ Жыл бұрын

@@auraoflight4429 We get off market deals through Eddie’s industry connections - bank associates, real estate agents, etc. these are usually urgent sales as well - bank repos, divorce sales, etc.

@lorenzodallagnola9080 7 ай бұрын

How you find the banks that give you the mortgage for all this houses if you have a 50k salary? I’m 22 and I’m aggressive saver I save 80/90% of the incomes , even if I have the money for the first deposit , after 1 house how can I get a second,third fourth … morgage ? Wich loan you suggest and how long the loan should be? Do you suggest 15 years or longer?

@eddiedilleen_ 7 ай бұрын

Definitely chat to a good investment mortgage broker to discuss your options with finance. There are some great ways to continue getting finance if you are on a lower income (plenty of our clients who have bought multiple properties have been in similar positions). We always tend to go with a 30 year loan. Hit us up for to get in contact with our broker admin@dilleenpg.com

@lorenzodallagnola9080 7 ай бұрын

Thk a lot Dilleen!!

@zengfamily8390 2 ай бұрын

Get someone to be your guarantor?

@ryan_griffiths Жыл бұрын

I read your book, but the only issue here is that the property isn't 300k in Australian metro areas anymore. Unless you can give me an example? The math makes sense but you are looking at the 600k mark.

@eddiedilleen_ Жыл бұрын

Hey Ryan, it certainly is still possible in today's market. We are currently sourcing between 200k - 700k. You can check out our instagram/fb for some of our property purchase examples if you like :) For more info on what we do you can email my team here: admin@dilleenpg.com

@redgumpm Жыл бұрын

What about servicing ? I have tried this and the banks wouldn't loan me despite having equity in three properties because my income wasn't enough.

@eddiedilleen_ Жыл бұрын

Servicing can get tricky in times like this when rates are up, sometimes it's a waiting game, or you may need to find ways to increase your income, reduce your expenses and reduce your liabilities. It's also important to have a good mortgage broker with investment experience as they can come up with alternative options for you/have access to banks with less strict policies

@tnctradingptyltd58 Жыл бұрын

which bank would let u cashout for 90% property value after refinancing? I could only pull out 80% of my first. Theres hardly anything for single house at 300k range within those 3 states u mentioned about. 😂

@sharonChapple-zv1bu Жыл бұрын

HI great video would love to chat further and learn how to make this happen . Sharon

@eddiedilleen_ Жыл бұрын

Hey Sharon, sounds good! Please send us an email on admin@dilleenpg.com to get the ball rolling :)

@adamkings001 Жыл бұрын

Hello Sharon, how are you doing?

@brendanlegalludec6423 2 жыл бұрын

Hi Eddie, What happens if the housing market prices fall by 5-10% and that your house to loan ratio goes above 90% ? What happens with the bank ? Thank you !

@eddiedilleen_ 2 жыл бұрын

Eddie's thoughts on interest rates and what would happen to his portfolio: kzfaq.info/get/bejne/a7GbZKdprpfacWQ.html

@robertwillis1676 Жыл бұрын

as long as you pay the mortgage the bank doesn't care. You should be in it for long term eg. at least 7 years, so as long as you've bought right and have a tenant in place it's fine.

@adamkings001 Жыл бұрын

Hello Brendan Legalludec, how are you doing?

@rivadelapena2554 2 жыл бұрын

Eddie. Can you do coaching or mentoring? I am living in NZ. Wanted to be like you. No resources less thank 10k funds . 🙏

@eddiedilleen_ 2 жыл бұрын

Hi there, Thanks for reaching out! Eddie has an online guided course where he shares all his knowledge, mindset and guidance. This resource is the closest thing Eddie offers to mentoring/coaching. If you'd like to check it out, here's the link: dilleenproperty1.podia.com/invest-in-yourself-course

@rivadelapena2554 2 жыл бұрын

@@eddiedilleen_ Thank you so much for the reply Eddie.

@brokenSnake Жыл бұрын

This only works for houses, with apartments the OC fees would bankrupt you

@revivedrewards9899 Жыл бұрын

Hey mate... Whos your broker? Cheers

@eddiedilleen_ Жыл бұрын

Hey, our Broker Justin Picker can be contacted via admin@pickerfs.com or 02 8705 6436

@sal78sal Жыл бұрын

Good strategy, BUT, you start off with a loan of 270k and after pulling out another 50k for the next deposit you owe the bank 320k, thats hundreds per month is repayments. So it only works if you're getting excellent rental returns, otherwise your ability to make those repayments is eliminated.

@eddiedilleen_ Жыл бұрын

Yes, the strategy we follow is by obtaining properties that are below market value, with strong rental returns, and growth locations in metro capital city areas. We focus on yields in the current market between 5% - 9% so most of the time this will be neutral, slightly positive, or worst case slightly negative - but manageable. The goal is to have the property servicing itself :)

@lueyR 11 ай бұрын

Growth locations now are 160k deposit for 20% minimum

@loochcs Жыл бұрын

Where does the 270k come from in the first house? If the house is worth 300k?

@eddiedilleen_ Жыл бұрын

Buying below market value. So the property has a value of 300k but is purchased for 270k, this how we purchase all of our properties as the instant equity upflift is important. Happy to provide more info if you like, just email me on admin@dilleenpg.com :)

@Gaardofit Жыл бұрын

If interwst rates are 3%

@hassanosseili9894 Жыл бұрын

I like the formula but what do you think of the new home estates ? I'm about to go with a buyers agent and he only buys new homes. I don't know what to do

@hassanosseili9894 Жыл бұрын

Will you still be able to buy that many with the new homes

@eddiedilleen_ Жыл бұрын

Eddie personally wouldn't go with new builds or off the plan properties for many different reasons. One of those reasons being that they are way over-priced and can hold you back majorly from building a property portfolio. We've had many people come to us about their new build/off-the-plan purchases with big regrets unfortunately and finding issues with being able to purchase more property. Email us if you have any questions at all, we'd love to help! - admin@dilleenpg.com

@adamkings001 Жыл бұрын

Hello Hassan osseili, how are you doing?

@alexandermcpherson5843 Жыл бұрын

Problem is you can't buy a property in Brisbane for $300k it would be rat infested shoebox in Inala... and wouldn't be able to charge anywhere near $400 a week rent to be positively geared. Destroys the entire framework of the strategy.

@eddiedilleen_ Жыл бұрын

Hi James, We find plenty of properties around the 300k mark in metro Brisbane that are of good quality and low maintenance, additionally the rental yields are strong - minimum 5%. If you'd like to see this, check out our instagram for example of properties we help clients purchase :)

@adamkings001 Жыл бұрын

Hello Alexander Mcpherson, how are you doing?

@joycesday2403 Жыл бұрын

How about borrowing power

@adamkings001 Жыл бұрын

Hello Joyce, how are you doing?

@Peter-wf9tb Жыл бұрын

How can you buy under market value?I'm sure buyers know what the price of the property?buyers are not dummies

@eddiedilleen_ Жыл бұрын

When sellers have a time constraint to sell for urgent reasons they are usually willing to sell for a lower price point to quickly offload the property. That's where Eddie comes in, as he has good industry connections with real estate agents and bank administrators, he can get access to these kinds of deals when they come about :)

@Brandonr-rp9vu Жыл бұрын

Hi diligently is Melbourne a good place to invest atm I have 200k savings and want to really get into the real estate game. Thanks

@eddiedilleen_ Жыл бұрын

Hi Brandon, personally we think Melbourne is too inflated and yields are too low. We are looking in Perth right now and finding great affordable deals with huge yields. Send us an email on admin@dilleenpg.com for further info :)