How To Retire FILTHY RICH In Australia | Real Estate Investing

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Title	:	How To Retire FILTHY RICH In Australia \| Real Estate Investing
Lasting	:	11.04
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Views	:	161 rb

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Comment from : @PersonalFinancewithRaviSharma

7 compounding on an investment property is not realistic with the cost of ownership and high interest rates
Comment from : @audio301

Real estate iinvestors are criminals
Comment from : @vivianoosthuizen8990

1 am retiring next year but the thought of retirement gives me weakness My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen It’s so difficult for people who are retired and have no savings or loved ones to fall back on
Comment from : @martyedgar4678

Good luck finding a 450k property that doesn't require a mountain of maintenance
Comment from : @tallaganda83

What if you buy the two properties with cash? Asking for a friend
Comment from : @DriftLibrary

This eg is misleading You haven't factored in holding costs of the properties The reality is that property is going to be very negatively geared particularly with a high LVR, low yields and high interest rates You would need excess cash to fund the properties plus live 7 pa average capital gains is not realistic either
Comment from : @meteora8888

A $450k property does not grow at 7 pa Think about the holding fee (rates, maintenance, property management, land tax, insurance and so on) Don't forget the interest you have to pay These costs won't be covered by rent even with good rental return You are out of pocket year after year in spite of negative gearing but the property value may not grow as expected Superannuation is less risky and less hassle
Comment from : @zelilee8650

Poor advice, relying on capitol growth is just "Real Estate speculation" its a wealth building plan for low income earners who day dream of riches!
Comment from : @Ragnar6000

I would do one property $900k more capital growth than 2x $450k brProbably savvy investors out there going to make the $900k into $12m in 3 years $100k capital growth per year is best case scenario brThe $450k is not going to change much
Comment from : @soulz23

Is it ethical to invest in property with the house crisis? I dont want to be part of the problem, to be honest Its a pity to see families moving because their rent increased so much Yoi could show us otjer ways to invest and build wealth without adding more stress to our community
Comment from : @vamosahacerloorganizaciony345

I think you need to slow down, keep it easy to grasp and keep short sentences Also use some editing or graphics to explain no It’s impossible for anyone to just hear complex calculation and understand without seeing them on screen
Comment from : @escapemaya

200K deposit and properties priced at $450 K each Which universe are we talking about ?
Comment from : @warrenraynor2801

Property investment in Australia is becoming more risky by the day The housing ponzi system can't continue forever
Comment from : @timothydevries383

The concept of mini-retirement changed my life I'm no longer waiting for some retirement paradise when I'm 65 It helps to know how to fund the lifestyle You know, making money while you sip that piña colada by the beach does help I wouldn't have been able to do it otherwise
Comment from : @Riggsnic_co

How do you build capital for the investments if you are 20 ? and still a student
Comment from : @Ereddddd

Good insight indeed
Comment from : @LivitiProperty

I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $35,000 weekly returns has been life changing AWESOME GOD❤️
Comment from : @tracybodinaar

Sorry mate only in dreamland
Comment from : @rajTrondhjem10

The government has committed treason against the Australian people They have brought in 750k immigrants and built 180k homes YOU do the math The whole fake fiat currency system is rigged The WEF Great reset at work The politicians should be in Jail for the crap they have pulled
Comment from : @TheHealthLife

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you cielo scotti
Comment from : @TylerMorrison-tv2mf

Spent half the video talking about what ifs not investment properties Blah blah
Comment from : @Dodo-ck5tq

You are talking s fast that I can’t understand the point
Comment from : @SK-yl4ee

Thank you for the useful information Can you also upload a video review about which suburbs in Sydney have good properties? Thank you
Comment from : @yourlovelyp_

Australia has cheaper real estate than IndiabrThe cost of a square km of land in adelaide is half the price of Bangalore city centerbrAustralia is more affordable
Comment from : @bharath2508

No punchline or lesson?
Comment from : @lionsden4908

We have a couple of investment properties but we would be making more money if we just had the money sitting in a savings account, not to mention way fewer hassles The government is making it harder and harder for IP owners to come out in front, especially if you’re no longer working and don’t have any of the tax advantages So we’re currently in the process of selling them all as each becomes vacant
Comment from : @danielle7292

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million
Comment from : @bengonzalez7777

Retired at 44
Comment from : @rqn1998

Bro, you might wanna factor in a global recession and its effect Europe is already in recession, china has slowed to deflation and America is deficit spending to kick the can down the road AirBnB properties with poor uptake will soon see some of these properties come on line As of 2020 there's 800,000 airbnb props When mortgage stress convert to defaults, more properties will flood the market
Comment from : @daniellee8720

What if your assets are in a trust?
Comment from : @JoeyBlogs007

When I bought my first IP it was the era of 18 interest rate Top margin rate was >60k Therefore it was important to buy IP to reduce the gross income Didn't have much super from work at 3 compulsory, and later self employed Each year I contribute to max just to reduce gross income Once the super gathered enough balance it has a life of its own I am aiming to retire with the super paying out same as my net income each year IPs are not in the super but positive geared now
Comment from : @Woodland26

isn't it super is left below a certain level, the aged pension will kick in? And Investment property does not grow at a rate of 7 maybe max 3
Comment from : @js8674

Thank you for your useful information Highly appreciated Definitely looking forward to seeing your future updates 🎉
Comment from : @LauraMoyaLocalMortgageBroker

I wish I have seen these videos 7 years ago, as I had 2 investment properties, I sold off to consolidate and changing my career I would have been financially independent and can retire early Very regretful
Comment from : @jennykoh6807

Liked and subscribed Love your content
Comment from : @lovepeace1953

Hi Ravi I m still renting I m 36 years old now what should I do ? Should I buy home or unit to live in or should I buy investment property first ? I M from melbourne? Plz help us I m married with two kids
Comment from : @darshirathod1213

Didn't we used to retire with no investment properties back in the day? If someone could please educate me on how it was done back in the day I'd love to listen thank you 🙏
Comment from : @cameronmoore3886

G'day mates! Retirement planning is on everyone's minds I am keen to retire filthy rich right here in Australia
Comment from : @Jonesmatsunaga

Start 40 years ago when houses cost 25 K
Comment from : @jeffreystorer4966

Return on investment didn’t include interest on 900k
Comment from : @mitchonthego

Really dreat
Comment from : @michaelmallal9101

The multiple shit properties method does not work 450k for a property ? You’re tenants will either be stabbies or stabbers It’s utter horseshit to talk about consistent 7 returns on a property that costs 450k over the long term 7 returns year on year for 20 plus years occurs in A grade properties which are expensive to buy Why would you purchase two shit properties when you could buy 1 semi quality property for 900 (I say semi quality because a grade is expensive) 2 shit properties with twice the expense, triple the problems and half the return If you earn 120 k you will find it very difficult to invest properly in real estate and still have a life when you decide to have kids when your income reduces Most people from gen Y will not want to work full time for 40 years On a 120 k buy 1 quality a grade investment property plus your home or go into shares
Comment from : @Doneman84

You forgot to include expenses for maintenance, management fees, town council fees, rates for these rental properties AND capital gain tax when you sell them
Comment from : @mjmf1430

The interest rates are killer now for people that own a investment property People are thinking twice about them now
Comment from : @allelectricalau

Unless we are healthy and in good shape So we can enjoy that money😊 🎉🎉
Comment from : @ankursahu5193

the average growth of properties is 56 in Australia Why use 7 as growth?
Comment from : @jorritpels

Charlie Bucket, how many properties did you buy? "Two" Only two? Not 200? I can't figure out your retirement on just two!
Comment from : @conor845

I am sorry but if you get to 91 you will not be spending the same amount you spent at 65, at 91 with owning your home you can down size and with the pension you will be fine, the days of cheap real estate are over
Comment from : @brissiAU

warren buffett has one house!
Comment from : @kmukul

great video Ravi, compound interest in the key to wealth 2 things I dont agree with 7 growth each year, dont think so Rarely see it Also, the 34 mill you said, what about the tax? This would be enormous Still great outcome but the facts here need to be checked
Comment from : @anthonyk6274

Assuming the pension still exists when the viewers retire
Comment from : @johnstevens6063

Thanks Ravi , we are learning a l ot from your videos, keep it up :)
Comment from : @mahmoudbager254

So right but im confused
Comment from : @johntiebosch9134

Haha, love the amount of 120k annual salary!!!!😂😂😂
Comment from : @GGLD888

Hi havi how do i contact you via emailbr?
Comment from : @user-jimmyjimsta

Solid advice 34 years old and I’m currently sitting on 3 properties with 1 fully paid off (the rental income on that covers the interest on my mortgage)brPlan is to have 4 properties all paid off by retirement (hopefully 60) and live on the income
Comment from : @ag31988

Super interesting video! Thanks for making!
Comment from : @moneyandminimalism

I heard this from an old Indian guy twenty years ago
Comment from : @maycheung3506

good luck finding 2 properties for $900,000 in australia br$450k wont even buy you a block of land were most people want to live
Comment from : @robertbutta596

RAVI FOR RBA Governor 🎉❤brbrYour a legend!! Keep up the good work😊
Comment from : @BradleyMelia-x1e

Thanks Ravi! My dream is to have 2 investment property & a home to live in, I think this is reasonable for an average earner
Comment from : @tessahaggerty9678

Haha love the comment about having 4 weeks a year to have a holiday
Comment from : @kekka2261

Good job Ravi Great encouragement and keeping it real Not sure about the last numbers as I believe CGT will need to be taken into account, which would effect the final balance invested into cash But still definitely worth doing
Comment from : @marcoschena99