‘Should I or shouldn’t I buy atm?’

Is actually one of the most googled questions when it comes to property investing.

And rightfully so; we’ve recently ended the third largest property boom in Australian history and now a lot of markets are having a tough time, not all of them, but a lot are.

In a time of of uncertainty, this episode aims to bring clarity.

Instead of simply saying the answer depends on the situation, we’ve constructed 3 different scenarios to see when and why buying is a good idea and when and why repaying debt is the smarter option. We’re running through these scenarios together with Hayden West, a self made millionaire that’s built a portfolio close to $10m in value.

If you want to see them in writing head over to our FB and Insta and you can see the details of each scenario, but for now let me introduce:

Scenario 1)

Owns 1 investment property Value $700k

approx. Portfolio value $700k Debt $350k Age 30 years old Yield 5% – $700pw

Household income $120,000

Scenario 2)

Owns 4 investment property Value $600k each

approx portfolio value $2.4m Debt $1.6m Age 30 years old Yield 5% – $2,400pw

Household income $150,000

Scenario 3)

Owns 8 investment properties Value $625k approxPortfolio value $5mDebt $4mAge 40 years oldYield 5% – $5,000pw

Household income $200,000

With that said, let’s get into this episode to better understand how a professional investor answers this question.

Join me “Todd Sloan” each week, as I dig deep into the lives and experiences of a different industry leader each week to bring you the best property content in the country.

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Disclaimer: All discussions are general in nature and should never be considered financial advice, please seek your own professional financial advice. The content displayed on the website, podcast and blog is the intellectual property of the Pizza and Property. You may not reuse, republish, or reprint such content without our written consent.

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