Funny how people that have done nothing are the most sceptical when hearing to your story, and people who achieve something similar are the most inspired by your video. Well done Luke!
Inspiring stuff! We all know in Australasia that saving or side hustling makes next to nothing, but the only way is to transfer paper wealth through improvements on one to buy more and more property. But huge downturn here in Nz a couple years ago just when everyone brought into the Fomo and worry property only ever goes up - places across the whole Nz dropped 20% unless they were areas that never increased in value prior e.g. Southland. Many buyers were mum and dad investors where the salaries didnt match the borrowings or buying their 20 yr old kids $1M properties. Nz had basically same circumstances we are seeing in Aus now and there is definitely a debt ceiling so to speak before property starts falling. If your portfolio is >40% real equity you''ll be all good. But seen many cases where in Nz young people traded up $1M to buy a better house or property portfolios with like 10-20% equity up to $1M being entirely wiped out as those prices a couple years ago were on paper prices but not what properties would sell for if need be
@@Josh-vc8lr Something like 40-50% of his portfolio is acquisition in the last month or so, in addition to over-inflating his property values. Time will tell Josh-vc8lr. Time will tell.. just looking out for people so they understand that overleveraging has huge consequences. Pops was a ceo in nz, he thought against people who borrowed more than 500k a few years ago... look where they are now in the negative
How do you buy a 800k asset with only 66k cash? after expenses (you wouldn't have stump duty exemptions at that price point) you are only left with 3% of the property value, not even the minimum required of 5%. Any hints? Did you get family security guarantee?
@Ykssssss346 it's super tough with young kids. I've got two boys under 3, so I know what you mean haha. Biggest think is to take small steps everyday towards that next property goal. Mortgage brokers are key as well as cash buffers to manage risk.
Huge! been trying to trade on my own for a while now but it isn’t going well. Few weeks ago I lost about $7,000 in a particular trade. Can you at least advise me on what to do?
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager, Andreas Antonopoulos
Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars. That is how I started my crypto investment.
GOD? I don't see GOD anywhere in your success bro. Its all you and Emily. Don't give accolades to an entity that cant be proven. You did all the hard work. YOU did everything. Youi and You only deserve all the accolades
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
Funny how people that have done nothing are the most sceptical when hearing to your story, and people who achieve something similar are the most inspired by your video.
Well done Luke!
Inspiring stuff! We all know in Australasia that saving or side hustling makes next to nothing, but the only way is to transfer paper wealth through improvements on one to buy more and more property. But huge downturn here in Nz a couple years ago just when everyone brought into the Fomo and worry property only ever goes up - places across the whole Nz dropped 20% unless they were areas that never increased in value prior e.g. Southland. Many buyers were mum and dad investors where the salaries didnt match the borrowings or buying their 20 yr old kids $1M properties. Nz had basically same circumstances we are seeing in Aus now and there is definitely a debt ceiling so to speak before property starts falling. If your portfolio is >40% real equity you''ll be all good. But seen many cases where in Nz young people traded up $1M to buy a better house or property portfolios with like 10-20% equity up to $1M being entirely wiped out as those prices a couple years ago were on paper prices but not what properties would sell for if need be
@@Josh-vc8lr Something like 40-50% of his portfolio is acquisition in the last month or so, in addition to over-inflating his property values. Time will tell Josh-vc8lr. Time will tell.. just looking out for people so they understand that overleveraging has huge consequences. Pops was a ceo in nz, he thought against people who borrowed more than 500k a few years ago... look where they are now in the negative
Congrats on all that you have accomplished! Risk vs reward has paid off
Thanks Luke for your videos. As an investor not as far along your videos are really helpful. Looking forward to your Christian videos. God is amazing.
How do you buy a 800k asset with only 66k cash? after expenses (you wouldn't have stump duty exemptions at that price point) you are only left with 3% of the property value, not even the minimum required of 5%. Any hints? Did you get family security guarantee?
Fortune favours the bold! Well done Luke.
And your wife well done!
@@Ben-zv7ph thanks Ben!
Well done. You deserve a big celebration for your 30s birthday 🎉 Happy birthday 🎂
@@jackyang7949 cheers Jack 🍻 👏
Loving these Luke. You are truly inspiring!
Thanks so much!
Nope, your financial institutions own about $6million of that 😅 and that’s being generous.
Lol its about $4m
@@lukewiles1 Congratulations, you made money from the Covid bubble.. don’t mislead people
What about tips for young family having kids? Would love to hear that too 😂 trying to get some encouragement lol
@Ykssssss346 it's super tough with young kids. I've got two boys under 3, so I know what you mean haha. Biggest think is to take small steps everyday towards that next property goal. Mortgage brokers are key as well as cash buffers to manage risk.
10 years of bull market on real estate, hopefully, it continues.
Interested in your portfolio's D/E ratio?
50%
Surely you need to name the broker so others don't get burned like that
@@U.s.e.r.3493 Hunter Galloway
Go you, that channel has bad vibes
A Christian muso entrepreneur ?
Listen to this man!!!
Love ya work Luke and crew
Looking forward to the podcast
I'm favoured financially with Bitcoin ETFs, Thank you buddy. $63,700 by weekly profit regardless of how bad it gets on the economy....
Hit $195k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with $14k in June 2022
Huge! been trying to trade on my own for a while now but it isn’t going well. Few weeks ago I lost about $7,000 in a particular trade. Can you at least advise me on what to do?
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager, Andreas Antonopoulos
I'm not here to converse for him to testify just for what I'm sure of, he's trust worthy and best option ever seen...
Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars.
That is how I started my crypto investment.
Angus the real estate agent.....
That's my name!
@@lukewiles1 At least you are licensed !
GOD? I don't see GOD anywhere in your success bro. Its all you and Emily. Don't give accolades to an entity that cant be proven. You did all the hard work. YOU did everything. Youi and You only deserve all the accolades
@@chookie131 All glory to Jesus ! I give thanks to God for everything.
@@lukewiles1 that’s sad bro. Give thanks to yourself. You should
Be very proud
@@lukewiles1Awesome mate ❤, thats the same we do for everything we do be it small or big ❤
@@chookie131 I'm proud of myself! Both things can be true