“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”
♫
Said on this is property
“I had 14 cars that I owned before I left year 12… they were $1,000, $1,500 cars… I'd put rego, tyres, detail and sell them.”
Todd Hunter · Australian Property Investor · Accidentally stealing a house and the free lifestyle of a mortgage broker - Property Investment with Todd Hunter
Play from 6:46
6:46
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Flipped second-hand cars (buy cheap, add registration/tires/detail, resell) to fund his first property deposit
$1,000-$1,500 purchase price per car; 14 cars owned by age 18
Said nearby on the same subject
“His one simple rule is I always remember when everyone else runs away from a fire… I run into it. That's when I buy property.”
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Said on The Good Builder Podcast
“So now we come down to the one property portfolio, we're going to assume you're putting a 10% deposit down. So $65,000 worth of deposit, we've got $585,000 worth of debt. Now to do something like this, you would need about $130,000.”
♫
Said on Personal Finance with Ravi Sharma | Australian Finance & Property Podcast
“If the reseller is a customer, the amount the reseller pays them would be their revenue…if the reseller is an agent, they would record revenue as what the customer pays with a commission.”
MC
Mike Coleman
PwC's accounting podcast ·
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