![]() ![]() Molly-Mae Hague celebrates Tommy Fury's homecoming after beating Jake Paul as she admits couple have had 'bad days behind closed doors'įront row fabulous! Rosie Huntington-Whiteley, Ellie Bamber, Salma Hayek and Olivia Wilde lead the glamour at Saint Laurent's Paris Fashion Week show ![]() 'At the moment it's all doom and gloom, but you have to understand the market moves in cycles and if you can still manage your own cash flow, there's no reason to be reactive,' Mr Beck said. The prevailing forecast would mean 12 consecutive rate rises in a year, setting a new Reserve Bank of Australia record for monetary policy tightening to tackle the worst inflation in 32 years. The Reserve Bank is forecast to raise interest rates in March, April and May to an 11-year high of 4.1 per cent - adding another $283 to monthly repayments on an average $600,000 mortgage. Westpac has become the latest of the Big Four banks to expect three more interest rate rises by May. Mr Beck used the recent hikes to interest rates as an example, saying he had managed to keep afloat by making savvy financial decisions. Investors are also encouraged to not be afraid to take risks and keep an eye out for good deals during tough times in the market. He suggested investors buy a mix of high cash flow and high value growth properties and to search for properties interstate. Mr Beck makes around $250,000 in rent every year and revealed he had managed to build his wealth on a set of core principles Mr Beck encouraged residents to continually refinance high performing properties. Property investors should then find houses with dual occupancy and use the equity made on the sites as deposits for future homes. He said he read 30 different property investment books and listened to podcasts to build his knowledge. Mr Beck encouraged them to learn as much about the property market as possible. He suggested buyers set out a clear list of goals and write them down to provide more clarity. ![]() Mr Beck shared hot tips on how wannabe property investors could break into the market and tricks to build an empire. The 35-year-old said he had been able to quickly build his empire by imitating his first purchase and focusing on properties that could be subdivided. Mr Beck used the equity to buy a duplex in Armidale before he retitled it in 2017. He then subdivided the property and reevaluated it a few months later before learning he had added $260,000 in equity. The hotshot property investor managed to buy the $400,000 house by placing down a deposit of just $82,000. Mr Beck said he had been using the same approach since buying his first property in Evanston Park in Adelaide's north. 'You go through layers of buying and have to find new ways to get loans and go to different tier lenders.' 'Property investing is really a game of financing,' he told The Daily Telegraph. His properties are scattered all around the country and include states like NSW, Queensland, Tasmania, SA, Victoria and WA (pictured, a property owned on the Sunshine Coast) ![]()
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