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How I Make $51,260 Passive Income at 27 | Australian Real Estate Investor

Frames How I Make $51,260 Passive Income at 27 | Australian Real Estate Investor

Description How I Make $51,260 Passive Income at 27 | Australian Real Estate Investor

Comments How I Make $51,260 Passive Income at 27 | Australian Real Estate Investor

I've uploaded a 2023 update to this video Check it out to see how we've faired through the interest rate rises 😬 Comment from : Luke Wiles

I watch several YouTube videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands Comment from : Anika Parvati

Be interesting to see how many of these guys can retain any of it in hard times anyone with a decent job and credit rating can do this in boom times Comment from : Punisher 071

i house hacked for 5 years in port melbourne, best decision ever and made a few good friends along the way! Comment from : dannyzii

Just curiously, how much tax did you have to pay on income of $175k, and did you have any land tax? Comment from : Rael

Congrats on the baby boy! Comment from : Benjamin Chow (Benchow2023)

Oh finally another oz money creator Subbed Comment from : Daniel Thompson

It is absurd to believe with current costs that you will spend approx $1000/year on maintenance per lot This is especially true with the unit block I believe you stated it is a one home/three unit complex; this means there is 4x oven/stoves, 4x air-con (at bare minimum in Coffs), 4x potential for any breakages or electrical failures Not to mention the fact that the complex looks circa early 80's if not older Trades are not cheap in 2023 And if the property you self manage is a short term accommodation or multi-person place, there is a much higher potential for deterioration and maintenance requirements It is a great achievement to have created this business However, it should certainly be asterisked with the amount of risk involved This includes tenancy issues You say you pay the lowest for insurance Does this include landlord insurance? Because, especially in a locale such as Coffs Harbour which has a higher tendency toward unemployment and some social issues, poor tenants can be an issue Plus, those units would not attract top tier tenants themselves It may be that you are one tenancy issue from a >$10-20,000 loss I wish you luck, but the maintenance and risk profile of some of those properties is high Comment from : Matt Wilkinson

land tax? Comment from : Andy

I lost over $70K when everything started to trade Not because I was in an exchange that went belly up I was just stupid to hold and because that's what everyone said I'm still responsible It just taught me to be a better investor now that I understand more of what could go wrong It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $35k profits weekly Thanks so much Gustavo Hillard Comment from : Isabel Conway

How is the principal so low? Comment from : weinopolice

Are all your loans interest only? Comment from : Bat

Great Content! We run a faith-based channel that focuses on AirBnB rentals as passive income and believe our content aligns well with your audience Let's explore collaboration opportunities that resonate with both our communities Comment from : Jim G Coaching Club

Would this even be possible today with interest rates being high and the average cost of a house either one story or two being between $500-1Mil+? lets say i work a 9-5 and earn $80k Comment from : Friction

All that profit has been wiped out with a couple rate rises Better buying dividend yielding shares and property trusts Comment from : My turtles

How does this stack up with interest rates at 65? Comment from : mimbec

Incredibly well made video and answered so many of my questions I'm 20 years old and looking to get into real estate after I build up enough liquidity, I live in Sydney NSW and the prices here are astronomical to enter the market (possible but would take a lot longer) Would you say it is better to go for a cheaper apartment/unit or complex in QLD which I may receive less annually but have the opportunity to purchase with relative ease, or try and get a comparatively more expensive but greater ROI home in Sydney? The whole property investment compels me to purchase in Sydney solely due to the fact that I live here but I can sense a greater property growth in some areas within QLDbrbrAlso I know this was uploaded a while ago, but congratulations on being parents! Comment from : Marked Reaper

Can we get an update post 8 interest rate rises? 😂 Comment from : ABK 1

Well nobody can afford to rent any more so the ponzi scheme is runnig out of new investors, so down comes the house of cards Ill get the popcorn Comment from : Morgan Oox

Congrats on your baby boy! God bless, great vids Comment from : Peter C

Hey Luke, can you describe what your strategy was like going into these properties? Eg 88 LVR minimum, interest only always etc brbrGive you’ve got pretty substantial positive cashflow, I’m assuming you’ve paid down quite a bit of debt too What was your strategy like for this? Was it this way from day 1? brbrCheers! Comment from : Stugots

This was a super helpful insight, appreciate the quality! Nice work mate Comment from : Chris Mobbs

I don't understand how banks could even begin to give you these loans You can not service these loans if things go wrong Also what deposits did you put down? Comment from : Drobe of War

that's nice , you said everything really clearly 🎉 Comment from : Züleyha İkbal Ünal

What about Land Tax? Comment from : Ross

Sooooooyou basically just own an asset worth 5,000,000 with a low interest rate mortgage that is mostly paid off to get a return of 37054 which is a 07 per annum return of the underlying asset? brFantastic, why didn't I think of that, all i need now is around 4 million dollars with current interest rates and i'll be set enjoying that sweet sweet 07 return! Comment from : Tony Dai

Solid buffer - how much equity did you put down for each property? Comment from : Pius Chuo

The house and 3 units was 14million That loan at 6 interest only is 84,000 before rates, insurance etc 🙄 i don't get your situation How can it make money Comment from : MR

With interest rates gone up so much I wonder how these are doing Comment from : S A

You make the trouble and big problems broken my personal owner money and business enterprise, i don't approved for everyone steale my owner accounts to getincome your own way stupid talking way here Comment from : Phat Tang

mind sharing all those property, and you are living onebrwhat's your starting fund? Comment from : Jim Yiu

Hi Luke, do you buy these properties on your personal name or through a property trust? Comment from : Hilton Kannemeyer

Very interesting watching a year later Two points Interest rates are now double which likely has turned the entire portfolio into cash negative doubling interest payments Also another point you didn’t take into account the tax paid on any positive cash flow which is likely in the 49 income tax bracket given it’s on top of your regular income as well So in reality before rises you were making 15k a year after tax but now would be essentially losing a lot and pushing rent up to try cover and also negative gearing Not taking into account the thousands of hours of effort This is why many choose to just do Index funds for passive investing as it’s so much easier imo with less stress and Yoyo from interest etc Comment from : Snook

It’s not passive if you have to manage the properties … Comment from : Nicholas Reese

Thanks for the info luke really helpful Comment from : Cho JR

Like Warren said, dividends are only good if the business you’re investing into can’t make good use of that capital So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can It’s not much different from bond investing The way I see it if you have a $1 million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income Comment from : Hassan Choukri

would like to of seen what the tax man makes of the math Comment from : Jonathan Prinsloo

At the time of this video, interest repayments was $1643 weekly, what is this looking like now with the current interest rates? Comment from : Jeffedy

Compassion is a great organisation, my two were from them :) You guys are smart and caring!!! Cute little family :) Your motivating me as a single investor Comment from : Simone Student Nurse

Hi Luke, just stumbled on this video and realised it was a year old What is the current net income of those same properties? Comment from : Thomas Weller

how to get 100000 passive income but per month Comment from : idk

Hi Luke, well done in getting to where you are I am sure it will only grow :) Just wondering if the portfolio is still positive net or neutral or negative? At time of recording this was during low interest rate I believe? Thank you :) Comment from : Jenny Kim

I would almost bet my left nut that property 2 lil’ QLDer is now bringing you in at least 540pw Late to the party 🙋‍♂️ I know but another ripper vid Luke Comment from : James

Grateful for your insight Comment from : Username 384

Thank you for sharing your thoughtful content…forbrputting it out there with the passion that many of us need and strive for I'm starting to listen to youbralmost every morning Comment from : lilly Martin

Hey mate, can you recommend any investment savvy property tax specialists in Brisbane? Comment from : petpillow

So glad to find your channel Brisbane parents here looking to use our equity to begin our passive income journey :) Comment from : Jessy Clifton

i actually learned somthing thanks alot this really will help me with my journey Comment from : Gaming With Gillam

7 of $175,000 is around $12,000 How come the management fee is only $7,000 Comment from : H Tran

Love the hustle of jacking up your first property with your dad! Another Brisbane local here, will follow along Comment from : Fiing V

Such a great video, you explain things in a way that doesn't confuse or overcomplicate Looking forward to more of your content Comment from : huntervalleypropertymanager

I take it that the key is to buy with a large cash deposit so that the interest doesn't eat up all of your cash flow? Comment from : MrCharrrles

Thanks for the video! Comment from : Perth Property Manager

Congratulations on your baby boy and your journey Great videos Comment from : Minnie Uhlmann

u named ur kid after a pc? Comment from : Keensta7

Hi Luke awesome vid I am want to buy my first investment property but im not sure about the current interest rates? do you think for a first time investor is wise to enter now Comment from : Trey Pain

6k maintenance on 3 units? i doubt it Comment from : Maksu

Where does your Qld Land tax and water charges sit? Comment from : Christopher Mayhew

Hi Comment from : xnxt rule

5,000,000 invested in Ares capital gives you 400,000 a year Comment from : Eline Meijer

I completely agree with your assessment of this situation There are several factors involves and we have come to a point of no return Real estate is dving Inflation is destroying the essence of our country Food is becoming rare and more expensive Fuel will soon become a choice over necessity because of the price Jobs are being lost in record number And the threat of another World War looms as a clear and present danger We have a President who sweeps all this aside and continues to think all is rainbows and sunshine This collapse will thin out the herd and last for a long long time Comment from : Lina Luppino

I completely agree with your assessment of this situation There are several factors involves and we have come to a point of no return Real estate is dving Inflation is destroying the essence of our country Food is becoming rare and more expensive Fuel will soon become a choice over necessity because of the price Jobs are being lost in record number And the threat of another World War looms as a clear and present danger We have a President who sweeps all this aside and continues to think all is rainbows and sunshine This collapse will thin out the herd and last for a long long time Comment from : Richard Bryan

Hey mate congrats on the portfolio and you your child Your videos are super informativebrWhat tax would you have to pay on the outcome amount $37,054? brI’m assuming it wouldn’t be tax free? I’d personally consider the amount after paying outcome taxes the total income generated Comment from : Jason Vaughan

The stock market has been a really tough one this past months, but I watched an interview on CNBC where the anchor ‘Jim Cramer’ kept mentioning "KARINA MATTIS" This prompted me to get in touch with her, and from October 2021 till now we have been working together, and I can now boast of $540k in my trading portfolio Comment from : Richard Walker

Hey Luke u mentioned that the PM charge u 7 per week brSo I was wondering why do u pay extra for maintenance? brbrI was thinking that the PM fees is inclusive of any taps change , leakage , wiring change etc ?? Comment from : Susmus Manoj

Great presentation, Land tax? Comment from : Smith Chip

Very informational! Subscribed Comment from : khoa dinh

Just had a strategy session with Luke today Very honest and knowledgeable Thanks again Luke Will be recommending you :) Comment from : Relax Fun

thats insane I've learned a lot Comment from : chickensoup

holy mackeral brbrless than $1000 per week - Before tax!! brbrfor owning 5m worth of property brbrup to your eyeballs in debt brbrnew baby brbrspent your 20s labouring and exposing yourself to Funes, dust, lead paint and asbestos scrimping and penny pinching and saving brbryou might be stuffed if rates rise I'm sure it's work to maintain a portfolio - it's not truly passive brbrgood luck to you mate Comment from : everending

20 tonne jack, raised a whole house yourself, didn’t document it on YouTube?brbrThat would’ve been the best YouTube video to make! Comment from : OilBaron100

Love the breakdown mate and CONGRATS on the new member to the family!! Comment from : LJ Lancaster

lol you guys understand how over exposed you are? Comment from : Tazzy

Now what I want to know is what are the numbers when interest rates hit 6 like in NZ??? Comment from : Brian Lee

Congrats on the family addition! Comment from : Nick

Lol loved that outro Congrats on the Bub!brbrYou’re smashing it mate, well done and thanks for sharing Comment from : Wedgetail Leather

Amazing mate!! good on you, smashing it!! congrats on the Bub! what's your plan for consolidation? Will you switch all assets to P & I later down the track or sell down assets to own others outright? cheers mate Comment from : Tim Hickey

Great video, like the tranparency a lot (the numbers!) Comment from : Thomas lIngénieur

How do you start a portfolio? Did you have help from bank of mum and dad initially? Comment from : CuriousBeen

Congrats on Acer and the portfolio! Comment from : CuriousBeen

What are your thoughts on North Queensland Luke? :) Comment from : Danny N

Congratulations Luke 🍼 Comment from : Learnings from garden

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