“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 ·
“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.”
Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · Investing In Real Estate Is NOT DEAD! | My Exact Property Strategy
Play from 9:26
9:26
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What was described
purchases a property with a 10% deposit ($65k) and $585k debt, requiring about $130k total cash to close
$65,000 deposit, $585,000 debt, $130,000 total cash needed
Said nearby on the same subject
“Thomas Bravo led the buy-up. The purchase price was $10.4 billion… debt level is relatively low at $2.5 billion… 24% of the deal was funded with debt.”
♫
Said on The Real Eisman Playbook
“Industrial yields range from 4 to 6.5%… you’ve got about 4% or 4.5% rental growth on top… looking at 8% plus total returns. If you’ve leveraged that, you’re getting double-digit cash on cash.”
♫
Said on Inside Commercial Property
“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
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