Оглавление
Eddie Dilleen. 30 Properties Before 30
Table of Contents
List of Tables
List of Illustrations
Guide
Pages
30 PROPERTIES BEFORE 30. HOW YOU CAN START INVESTING IN PROPERTY RIGHT NOW
INTRODUCTION
PART I MY STORY
CHAPTER 1 Breaking the cycle
Hard times
Growing up fast
My first jobs
CHAPTER 2 Purchasing my first property
Due diligence
DEFINITION. Lenders mortgage insurance (LMI)
DEFINITION. Pest and building inspection
DEFINITION. Principal and interest
DEFINITION. Conveyancer
Playing catch-up
CHAPTER 3 My second property
Getting real
DEFINITION. Loan-to-value ratio (LVR)
DEFINITION. Equity
The search
DEFINITION. Yield
Growth vs cash flow
Negative gearing
DEFINITION. Negative gearing
CHAPTER 4 The buying spree
Property #3
Property #4
The side hustle
Property #5
The struggle for #6
DEFINITION. Cross-collateralisation
CHAPTER 5 Achieving my property dreams
Career and lifestyle choices
Property #7
Property #8
Property #9
Mentoring others
Property #10
Founding Dilleen Property
PART II INVESTMENT STRATEGIES
CHAPTER 6 Property vs stocks
The pros of investing in real estate
1. It's physical
2. It's got a great track record
3. You can leverage your money
4. It harnesses the power of compound growth
5. It provides passive income
6. There are tax deductions
7. You have multiple options
8. It provides housing for people
9. It creates a legacy for your family
10. Investing in property can set you free!
The cons of investing in property
1. Unlike stocks, real estate isn't liquid
2. There are ongoing costs
3. It requires management
4. Transaction costs are higher
5. There are no guarantees
6. You need a chunk of savings to get started
CHAPTER 7 Other real estate strategies
Flipping houses
Build new
Buy, subdivide and sell for a profit
Granny flats
Wrapping properties
Commercial real estate
CHAPTER 8 My property strategy
Buy for capital growth, cash flow positive and under market value
1. Buy properties below market value
2. Buy properties with good cash flow
3. Capital growth
Compound growth
A perfect fit: another great property example
PART III YOUR INVESTMENT JOURNEY
CHAPTER 9 Your goals
Understanding property investing
What is your end goal?
What is your why?
Where are you starting from?
How many properties do you need to build a passive income stream to live off?
But how do I get started?
Is it best to buy a place to live in or to rentvest?
Property investing as a partnership / joint venture
CHAPTER 10 Understanding finance
DEFINITION. Finance application
DEFINITION. Debt servicing
Broker or bank?
Brokers
Banks
Mortgage options
Fixed interest vs variable interest rate
Redraw facilities vs offset accounts
Principal and interest vs interest only
Different lenders, different policies
Valuations
Your credit file
Structuring your portfolio
Individual purchase
Joint-name purchasing
Purchasing in a trust
Purchasing under a business name
Negative gearing
The truth about financial advisers
Monitoring your portfolio
CHAPTER 11 The deposit
Option 1: Personal loan
Option 2: Guarantor loan
Option 3: Using equity from a property you already own
Choosing the deposit
My tips for saving for a deposit
1. Review your expenses
2. Review your income
3. Review your debt
4. Automate your savings
5. Delay gratification
6. Plan meals
7. Keep thinking abundantly
Delayed gratification
Self-managed super fund (SMSF)
CLIENT EXAMPLES
James
Alex and Danielle
CHAPTER 12 How to find a property
City vs regional areas
Why I love metro properties
An awesome example!
Do your research
Timing
How to use the property clock
Working out where a region sits
Limitations of the property clock
CLIENT EXAMPLE. Pete and Laura
Factors that affect property value
Location
Supply and demand
Interest rates
Economic outlook
Property market performance
Population and demographics
Size and facilities
Aesthetics
Renovation potential
Investment potential
A distressed sale
How a property gets listed
Finding off-market properties
Using a buyer's agent
CLIENT EXAMPLES. Nathan
Naomi and Jen
Buying my first home: a recent Sydney example
CHAPTER 13 How to buy a property
Your conveyancer
The offer process
Private sales
Auctions
How to communicate your offer in a private sale
Negotiating a better price
Remember that negotiation is a process
Assess the seller's situation
Ask questions
Know the market
Be confident
Use the agent
Be open and respectful
Know your limits
Present your offer carefully
Think through low offers
Gauge the competition
Organise a pest and building inspection
Organise your loan
Finding a tenant
Another great example from 2020
CHAPTER 14 How to manage your properties
Property managers
Tax deductions
Loan interest
Rental expenses
Depreciation
Quantity surveyor
Accountant fees, bank charges and administration costs
CONCLUSION
Ben and Loren
Where I'm at now
INDEX
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