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Would love an update on the Gold Coast

Question how does this go for people with bankruptcies in history is there any recommendations

How do i get in contact with this broker

24:47: Flipping heck. Buy when others are fearful? Perth cheapies are getting 30 to 40 offers on the opening weekend. Usually 10 plus been interstate offers. At least half have NO conditions at all! If anyone's actually been to an open in Perth (I have), you will see 8 to 10 buyers agents doing video walk-through's of the property. In many cases, you WONT get a park in the street. And the agents WILL NOT give you a followup call later on in the day. They simply don't need to. That's not exactly my definition of fear!

Can equity be used as a deposit???

Can use equity as a deposit

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quite a few vids on borrowing capacity, would love one on serviceability hacks! i have a ton of capital and equity but don't have any income to get a loan

Hypothetically, if you had a property go down in value since the time you bought it, will the bank come at you asking for cash to get it back to the original LVR?

Hi PK it’s great to learn from you doing great job.

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this content is soo good but so sharp that walking on that edge you can see PK face like yezzus I'm not sure if we should be exposing this strategy, haha I mean I would totally do it myself but that little part where the banks should not know about the other trusts you have is kinda of fraud, I mean you would have to go to the lender that would not '"ask you" about it...

Most uneducated dumb RUclipsr

We bought our first investment property with self managed super using buyers Club. They helped us set it up and looked out the property for us. The whole process took 6 months plus

Someone's been hitting the glass BBQ in Armadale I see. Perth prices are massively overvalued because of a historical shortage of construction labour that's only gotten worse. The economy hasn't diversified at all. Mining is still king and every second yob works FIFO. Getting a house built takes foreeeevaaar. It's just regular ass bullwhip effect from a situation you can't "immigrate" your way out of because...where are those new people gonna live? It's a bubble. The aggressive cut in immigration levels will take the steam out of the demand and prices will crash... again... Like they always do.

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I was warned of the White Shoe brigade of QLD property investment schemes back in the late 1990/2000s. The $1K down in something out middle of nowhere development blocks, though now well be sitting on millions on the Goldcoast!

Another parasite investor

Come to Melbourne, thanks mate

PK, please, which suburb was this in QLD?

What about someone living in Australia but running a business in New Zealand? Can I borrow on my overseas business income?

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Property is just a vehicle for enrichment in Australia. Negative gearing and similar legislation have fostered this process. No need to sugar coat it. Equity increases are only on paper and eventually there will be corrections. Since COVID and the accompanying spending, property prices have risen tremendously and people have short memory. It wasn’t always the case, and everyone acting like the last 4 years are the norm. I doubt that is the case. Always recency bias involved.

Adelaide

This is estimated data. 2008 recession was not predicted.

The snobs vs PK

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Brisbane!

Amazing interview. Well done Sud! Thanks Pk for sharing this.

Hi PK, might be a silly question however, with the cost of setting up a SMSF can this be paid for once it’s set up using the SMSF or would this need to be paid prior?

Keep growing..well done❤

I remember a time when I first saw PK's videos and I was like "he is so young, he has no idea". But looking at these debates today, those thoughts seem very credible. I genuinely liked this discussion because basically we could see 2 points of views on the property marked that don't agree, on the same video! That was gold. Thanks all three of you.

28:16 PK gets it 😊

I completely understand the point about making investing education more common in schools and what not, but also consider that markets are zero sum (i.e a competition). With more information freely available, the standard of education required to outperform and do well in the market will increase as well. So the amount of gains that can be extracted from the market would be reduced significantly. And there will always have to be people who lose money.