“For a property purchase of circa $700,000 annually, you're only really looking at about $1,500 for land tax, right? So about $30 per week”
MS
Matt Sharp
Geared for Growth Property Investing Podcast ·
Australian Property Investor · Why Managing Funds of $2 Billion Gave Vaibhav Rastogi The Slight Edge
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bought a property for about $400,000 four years ago and later valued at about $620,000, then refinanced to recoup equity for new purchases
$400,000 purchase price; $620,000 current valuation
“For a property purchase of circa $700,000 annually, you're only really looking at about $1,500 for land tax, right? So about $30 per week”
“I did some research about four years ago, where I surveyed 1,000 Australians ... laborers and outdoor workers were about 50-50, whereas professionals ... were almost 80-20 in favor, even 85-15 in favor.”
“They bought up close to a million homes in the U.S. over 10 years ... stopped buying four years ago as soon as rates went up ... purchases cut 50 60 70 percent”
“They've bought seven properties... portfolio worth close to $11 million... about $6 million worth of equity.”
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