03 Aug 2023 Podcast: Guest – From First Home to Investment Empire: Your Property Buying Guide with Ravi Sharma
In this episode Evelyn and Maddie sit down with Ravi Sharma, an influential name in Australian real estate and a finalist for the REB’s Buyer’s Agency of The Year (2023) and Rising Star Finalist Award (2023).
Ravi, with his down-to-earth wisdom, shares key things to know about buying your first home, investing in properties, and understanding the ins and outs of the Australian property market.
Whether you’re just starting your home buying journey or you’re an old hand at property investing, this episode has something for you!
Ravi is founder of SearchProperty, for more check out www.searchpropertyau.com.au.
Hear from from Ravi on his YouTube channel ‘Personal Finance with Ravi Sharma’ and contact him directly at Ravi@searchpropertyau.com.au.
Find out your next step in property finance:
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https://www.everlend.com.au/
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au
You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
Podcast produced with Apiro
Please find a Podcast summary below with the interview highlights:
The podcast episode begins with an acknowledgment of the traditional owners of the land. Hosted by mortgage brokers Evelyn and Maddie, the episode features Ravi Sharma, a property investment expert and founder of the YouTube channel Personal Finance with Ravi Sharma. Ravi shares his journey of building a $4.5 million property portfolio, starting with his first regional investment at 24, which helped him leave his 9-to-5 job and establish a passive income stream of $70,000 annually.
Key points discussed:
- Ravi’s Property Journey:
- Ravi started investing at 18-19 and focused on regional properties due to affordability.
- His first purchase was a $255,000 brick home, now valued at $460,000, showing significant growth.
- His strategy emphasises properties with both capital growth and cash flow to sustain and scale investments.
- Investment Strategies:
- Importance of clear goals and a defined strategy.
- Balancing cash flow (yields) and capital growth, aiming for properties that offer both.
- Diversifying geographically to reduce risks like land tax and market fluctuations.
- Targeting properties in the $300,000-$500,000 range with potential for long-term appreciation.
- Navigating Challenges:
- Addressing land tax implications and diversification as a mitigation strategy.
- Counter-cyclical buying by assessing property cycles across Australian states.
- Avoiding emotional decisions when purchasing properties, especially for investment.
- Tools and Resources for Investors:
- Starting research on platforms like realestate.com.au and council websites.
- Building relationships with real estate agents and leveraging their local expertise.
- Considering buyers’ agents to save time and access off-market opportunities, though not always essential.
- Tips for New Investors:
- Start with a clear goal and strategy, adapting to changing circumstances.
- Avoid letting external factors like market noise deter progress.
- Focus on building a strong foundation with the first property to enable future scalability.
Ravi emphasises the importance of logical, unemotional decision-making in property investment and encourages leveraging expert advice where needed. He concludes by inviting listeners to his YouTube channel for more insights. The episode wraps up with actionable tips: defining goals, starting early, and understanding that property investment isn’t mandatory for everyone.