How Much Do You Need to Get Started Investing in Property?
Manage episode 432457442 series 3421678
Sam Gordon welcomes into the studio this week, APS Strategists Luke Teeuwsen along with his co-host Jimmy Ibrahim to discuss how much capital you need to get started investing in property. This multifaceted discussion deep dives into houses vs units, the buffers needed in a portfolio to low doc lending. The boys discuss alternative options to getting into your first deal, whether it be through a family guarantor, borrowing at a 105% LVR or even getting a second job. If you’re wanting to get into the property market but are unsure how to get there, this is an episode not to miss!
** Apologies for the technical difficulties in the audio at some points **
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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.
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Chapters:
(00:00) Welcome
(03:13) What is the minimum capital?
(06:21) Family guarantor
(08:22) Differences in houses and units to get into the market
(11:02) Is it worth using a BA for a first timer with a small deposit?
(21:30) The difference between 80-88% LVR in deposits
(25:36) Have you incorporated maintenance buffers?
(33:35) Control the controllables
(36:30) Are you prepared to eat sh*t until you get the results?
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