30 min

334 using equity to purchase 2nd property, buy own home or rentvest, valuations + more my millennial property

    • Investing

Emily and John answer some great questions from the m3 community! They chat about:
👉🏾how do I use equity from my property to buy another one? What's the difference between using cash vs equity as a deposit?
👉how do I get a valuation done on my house?
👉🏿does getting multiple valuations impact my credit score or ability to get finance?
👉🏻is it better to have the majority of your debt against an investment property rather than your PPOR for negative gearing?
👉🏼is it better to have a townhouse instead of a house on land in order to pay less land tax?
👉🏿should I buy my own home or rentvest?
👉🏾how do I research areas to buy an investment property in with relation to rental yield?

How to calculate gross rental yield:
Step 1: Multiply the weekly rent by 52 to get the annual rent
Step 2: Divide the annual rent by the property purchase price
Step 3: Multiply that figure by 100 to get the percentage of the gross rental yield

Here's the episode Emily mentioned which touches on interest only vs principal and interest loan repayments: https://player.whooshkaa.com/episode?id=896757

Here's the link for SQM Research: https://sqmresearch.com.au

Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-plan

Send us your questions! Use #property or #firsthomebuyer in the m3 Facebook group facebook.com/groups/mymillennialmoney

Take a look at John's Solvere Online Academy and Emily's online course (The Buying Coach) at the link below.

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes

🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.

We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait...

Emily and John answer some great questions from the m3 community! They chat about:
👉🏾how do I use equity from my property to buy another one? What's the difference between using cash vs equity as a deposit?
👉how do I get a valuation done on my house?
👉🏿does getting multiple valuations impact my credit score or ability to get finance?
👉🏻is it better to have the majority of your debt against an investment property rather than your PPOR for negative gearing?
👉🏼is it better to have a townhouse instead of a house on land in order to pay less land tax?
👉🏿should I buy my own home or rentvest?
👉🏾how do I research areas to buy an investment property in with relation to rental yield?

How to calculate gross rental yield:
Step 1: Multiply the weekly rent by 52 to get the annual rent
Step 2: Divide the annual rent by the property purchase price
Step 3: Multiply that figure by 100 to get the percentage of the gross rental yield

Here's the episode Emily mentioned which touches on interest only vs principal and interest loan repayments: https://player.whooshkaa.com/episode?id=896757

Here's the link for SQM Research: https://sqmresearch.com.au

Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-plan

Send us your questions! Use #property or #firsthomebuyer in the m3 Facebook group facebook.com/groups/mymillennialmoney

Take a look at John's Solvere Online Academy and Emily's online course (The Buying Coach) at the link below.

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes

🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.

We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait...

30 min

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